Insurers pay N347bn claims despite N10.9bn premium decline
Experts are of the opinion that the figures indicate that while insurers generated less premium income during the period under review, their claims obligations continued to rise
How N3.7trn FG’s electricity project failed
•As experts list implications •FG begins new phase •Transmission, distribution challenges persist — Prof Oke •Missed targets impose costs on homes, businesses, economy — LCCI •Economic growth, job creation will remain subdued — CPPE •Tinubu’s GAMCO raises concerns •Areas of conflict need to be resolved — PowerUp Nigeria By Udeme Akpan, Energy Editor Despite the […]
Stock market edges higher amid surge in crude oil prices
·Investors may shift to energy related equities- Analysts By Peter Egwuatu The Nigerian stock market closed higher Week-on-Week, WoW, recording gains in four of the five trading sessions, amid rise in crude oil prices. Breakdown of the market shows that investors continued to accumulate fundamentally strong stocks across major sectors. The bargain hunting by market participants […]
CBN orders banks to conduct stress test from April
The Central Bank of Nigeria (CBN) has directed banks to conduct a comprehensive stress test on their credit portfolios beginning from April 1, 2026, as part of measures to ensure the continued stability of the nation’s banking system.
30 banks meet CBN recapitalisation requirements
The Central Bank of Nigeria (CBN) has disclosed that 30 banks have met the revised minimum capital requirements under its ongoing recapitalisation programme.
12 states have enacted tax harmonisation law — Oyedele
By Yinka Kolawole, with agency report Not less than 12 states have enacted the tax harmonisation law considered a crucial part of the broader tax reform agenda introduced by the administration of President Bola Tinubu. Speaking in Abuja yesterday, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms and Minister of State for […]
