AXA Mansard int’l health plan covers cancer, other chronic conditions
By Rosemary Iwunze AXA Mansard Health’s International Healthcare Plan, iMED, offers Nigerians access to comprehensive medical coverage for cancer, as well as critical medical procedures such as organ and bone marrow transplants, and international emergency medical assistance at leading healthcare facilities in Nigeria, the United States, the United Kingdom and Dubai. According to estimates by […]
NAICOM guidelines on cyber risk insurance, annuity, market conduct underway
By Rosemary Iwunze The National Insurance Commission, NAICOM, will soon release supplementary guidelines on annuity to forestall nonpayment of pension benefits to retirees. Vice Chairman, Publicity Sub-Committee of the Insurers Committee who is also Managing Director of NSIA Insurance, Mr. Moruf Apampa, disclosed this at a media briefing yesterday after the Insurers Committee meeting in Lagos. […]
Nigeria records N5.2trn trade surplus in Q1’25
By Elizabeth Adegbesan Nigeria recorded N5.17 trillion trade surplus in the first quarter of 2025 (Q1’25). This represents a 52 percent quarter-on-quarter (QoQ) rise when compared to N3.4 trillion recorded in Q4’24. On a year-on-year, YoY, basis, trade surplus grew by 17.5 percent from N4.4 trillion in Q1’24. The National Bureau of Statistics, NBS, disclosed this yesterday […]
How CBN’s policies aid Moody’s, other rating upgrades for Nigeria
Some feedbacks from global rating agencies about Nigeria’s economic status point to emerging improvements in the country’s macroeconomic indexes.
Lafarge sale: Court orders status quo as dispute moves to Appeal Court
Justice Lewis Allagoa issued the directive on Wednesday following a notice of appeal filed by Lafarge Africa challenging the court’s earlier ruling.
How CBN’s policies aid Moody’s, other rating upgrades for Nigeria
One of the major implications of the improved rating is that Nigeria may now be able to borrow at lower interest rates
SEC orders companies to honour unclaimed dividend requests
By Obas Esiedesa, Abuja The Securities and Exchange Commission, SEC, has directed all public companies and Registrars to stop treating unclaimed dividends older than 12 years as “statute-barred”—especially those dating from before the enactment of the Finance Act 2020. The Commission noted that the directive reaffirms the provisions of Section 60 of the Finance Act, which […]
RMDB secures $150m facility for shipyard upgrade
By Godwin Oritse The Regional Maritime Development Bank (RMDB) said it has secured a $150 million facility for upgrade and expansion of a major shipyard in Nigeria. The President and Chief Executive Officer of the Regional Maritime Development Bank (RMDB), Mr. Adeniran Aderogba, disclosed this, saying the fund will serve as a catalyst for the transformation […]
Effective coordination, implementation key to NATEP success – NECA
Says programme must align with ILO Conventions By Victor Ahiuma-Young The Nigeria Employers’ Consultative Association, NECA, has stated that only effective coordination and implementation can ensure the success of the Federal Government’s relaunched National Talent Export Programme (NATEP). As the umbrella body of employers in the country, NECA emphasized the need for NATEP to align with […]
FG’s plan for fresh $5bn oil-backed loan hampered by low price — report
By Obas Esiedesa, Abuja The Federal Government’s plan to obtain a $5 billion oil-backed loan from Saudi Arabian oil company, Aramco has been hampered by low oil prices in the international market. A report by Reuters citing four sources said the recent drop in crude oil price has raised concerns among banks that were expected to […]
Why we are driving port automation –Shippers’ Council
By Providence Ayanfeoluwa The Nigerian Shippers’ Council (NSC), has reaffirmed the Federal Government’s commitment to automating the port sector for optimal efficiency. NSC’s Executive Secretary/CEO, Dr. Akutah Pius, made this disclosure during a courtesy visit to the Lekki Deep Sea Port. Akutah stated that NSC is championing automation as a key standard to enhance efficiency and […]
Banks slash loans to manufacturers by 26% to N8trn
Credit to agric and industry sectors increased by 4.66% and 4.98%, respectively, indicating sustained policy support for food security and industrial growth
FG, Nestlé partner to enhance milk production in Nigeria
Nestlé Nigeria Plc has announced an ongoing collaboration with the Federal Ministry of Livestock Development to launch a dairy technical skills development program aimed at enhancing the quality and volume of milk production in Nigeria. A statement by Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestlé Nigeria, said the initiative has been formalized through […]
Afreximbank, BoI sign $75m funding support for local healthcare manufacturers
The African Export-import Bank (Afreximbank) and Bank of Industry (BoI) have signed a $75 million financing term sheet to support local manufacturers under the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) in Nigeria. The PVAC is a federal government strategy aimed at achieving a measurable increase in the domestic manufacturing of generic pharmaceuticals, […]
Nigeria ranks 3rd among Africa’s top 10 manufacturing countries
By Yinka Kolawole Nigeria has been ranked third among the top ten manufacturing countries in Africa, according to a report by The African Exponent, an analytical business information source for entrepreneurs and potential investors in Africa. According to the report, within the last decade, a few countries have stood out for hosting the largest manufacturing companies […]
Modern Anti-Fraud Strategies: Opeyemi Lagunju on building risk-resilient organizations
Opeyemi Lagunju, an accounting and risk management professional, is a trusted voice on anti-fraud strategy and risk governance
