Business

AXA Mansard Insurance has revealed plans to pay back 100 per cent of the sum insured to policyholders at the end of tenure if the policyholder is still alive.

Transaction on the Nigerian Exchange Limited (NGX) closed on a downturn yesterday, occasioned by profit-taking activities in 19 stocks, as the All-Share Index declined by 0.005 per cent.

Zenith Bank Plc has announced a dividend payout of N125.59 billion for the 2023 financial year, with shareholders approving a final dividend of N3.50 per share, bringing the total payout for the year to N4.00 per share.

The United Kingdom government has revealed plans to work with Nigeria and some other selected countries through its new Digital Development Strategy (DDS) 2024-2030, launched on March 18, 2024.

The United States Agency for International Development (USAID), in collaboration with The Coca-Cola Foundation, yesterday announced the launch of the Nigeria Plastic Solutions Activity (NPSA).

The United States Agency for International Development (USAID), United States International Development Finance Corporation (DFC) and First City Monument Bank (FCMB) have signed an agreement to launch a $10 million credit facility aimed at increasing financial access for healthcare businesses and transforming the sector.

The Lagos Chamber of Commerce and Industry (LCCI) and Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) have raised serious concern over the impacts of the new 0.5 per cent cybersecurity levy on business, seeking abrupt withdrawal or drastic reduction of the charge.

Access Bank Group has launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy. By leveraging the network and treasury capabilities of Mastercard Move, Access Bank, through its cutting-edge Access Africa platform, shall empower individuals and businesses…

The gross inefficiencies at terminals have caused substantial financial strains on truckers, with losses estimated at N14 million per truck. The aggrieved truckers have expressed that these terminal inefficiencies, persisting for over three months...

The Manufacturers Association of Nigeria (MAN), Apapa Branch, has lamented the worsening state of infrastructure in the Amuwo-Odofin and Apapa axis, the activities of non-state actors and multiple legal and illegal taxes

The Nigerian Shippers' Council (NSC) has vowed to take urgent actions to streamline export procedures, promote ease of documentation for exporters and lead the removal of 4,837 overdue export containers abandoned at Apapa port for years.

The National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) has called on President Bola Tinubu to urgently reform the clearance process for unentered and overtime goods at Nigeria's ports and government warehouse in Ikorodu, Lagos

Seafarers under the auspices of the Merchant Seafarers Association of Nigeria (MESAN) have expressed concerns regarding recent claims about the increase in Collective Bargaining Agreements (CBAs) with shipping companies and manning agents

The focus of the new ambassador of South Korea to Nigeria, Kim Pankyu, will be on expanding business opportunities between the two countries. Speaking in Abuja on the direction of his stewardship in Nigeria, Pankyu ..

To revamp the solid minerals and mining sector and reposition it for productivity, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has urged the federal government to urgently review the mining industry

The Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Dr Paul Adalikwu, has secured additional support from the Sierra Leonean government to curb maritime accidents and promote safe navigation throughout the region.

Prioritising digital skills training and capacity building to equip women with the knowledge needed to navigate the digital landscape has been highlighted as a way to empower more women entrepreneurs.

Chief Financial Officer (CFO) of Access Holdings Plc, Morounke Olufemi, said CFOs will need to equip themselves with the necessary tools and skills to adapt to their environment.

Federal Government's ability to tackle the nation's rising inflation from demand pull-induced sources and attract sustained foreign investment that goes beyond familiar players is crucial to repositioning the country on a path of sustainable growth,

Eastern ports are beginning to attract large vessels as the Onne Multipurpose Terminal (OMT) has received a vessel with a capacity of 6,600 twenty-foot equivalent units (TEUs) of containers at the Onne Port Complex, Rivers State.

The Institute of Chartered Accountants of Nigeria (ICAN) has honoured the Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), Dr Rabiu Olowo, with its 2024 ‘Top Chartered Accountant Under 40’ award.

The National Union of Pensioners Contributory Pension Scheme (NUPCPS) has called on the Pension Fund Operators Association of Nigeria (PenOp) to strengthen better relationships with retirees for information sharing that would help them to improve

United Bank for Africa Plc (UBA) has posted gross earnings of N570.2 billion in its First quarter 2024 operations against N271.1 billion recorded in the corresponding period in 2023. Specifically, the group achieved 110 percent rise in gross earnings from N271.1billion to N570.2 billion while Profit Before Tax (PBT) rose by 155 percent from N61.7…

Shell has said that it paid $1.09 billion in corporate taxes and royalties to the Government of Nigeria last year through the operations of The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo.) The figures, announced in the just published 2023 Shell Briefing Notes,…

The Federal Government, through the Securities and Exchange Commission (SEC), is set to stop the trading of naira on all virtual peer-to-peer (P2P) platforms to hedge the currency against manipulation.

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has picked inadequate institutional capacity, knowledge gap and poor in-house expertise as major reasons responsible for the failure of projects in West Africa.

The Debt Management Office (DMO) has opened two federal government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.

Calls by telecommunications operators in the country for a hike in tariff are receiving more support from critical stakeholders.

One thing most leaders give little, or no attention is their Emotional and Mental Health. Generally, your state of mind as a leader is directly correlated to the quality of decisions you make.

The domestic equities market reopened on a downturn yesterday declining by N500 billion, amid a selloff in Airtel Africa and 17 stocks.

The Nigeria Employers’ Consultative Association (NECA) has called on organised labour and governors to sheath their swords and wait for the tripartite committee negotiating the new national minimum wage to finalise its assignment.

Following the commencement of the evaluation of divestment processes of onshore assets by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Human and Environmental Development Agenda (HEDA Resource Centre) has tasked the commission with strict compliance with divestment conditions by divesting parties.

Notwithstanding the business challenges in the country, Access Pensions has announced a 70 per cent surge in revenue, with turnover rising from N7 billion in 2022 to N12.3 billion in 2023.

In line with its mandate to develop and deepen the Exchange Traded Fund (ETF) market, Nigerian Exchange (NGX) organised capacity building to equip stakeholders with requisite insights on ETFs market. In his opening remarks at the NGX ETF Capacity Building Webinar with the theme 'Unlocking ETF Opportunities in Nigeria: Structuring and Application process', the Acting…

Guaranty Trust Holding Company Plc (GTCO) posted a profit before tax (PBT) of ₦509.3 billion in its First quarter (Q1), 2024 operations, against N74.1 billion achieved in the corresponding period in 2023.

Manufacturing companies, especially those under the Fast-Moving Consumer Goods (FMCG) sector, have extended last year's losses into the first quarter (Q1) with financial reports of four firms in the sector reporting combined foreign exchange (FX) losses of about N300 billion.

Lafarge Africa Plc has assured that the firm would continue to invest in research and development as well as explore opportunities for operational optimisation, even as shareholders endorsed the company’s total dividend of N30.6 billion, culminating in N190 kobo per 50 kobo ordinary shares due to every investor of the firm for the 2023 financial year.

Experts have warned the government against increasing value-added tax (VAT) in a desperate move to increase public revenue. The Fiscal Policy and Tax Reform Committee led by Taiwo Oyedele, in its 2024 National Tax Policy (NTP) proposal submitted to the government, proposed among other things, an increase in VAT to generate more revenue.

The National Insurance Commission (NAICOM) said that the insurance industry's contribution is vital to the realisation of the one trillion-dollar economy target of the federal government by 2026.

Zenith Bank Plc has announced its unaudited results for the first quarter that ended on 31st March 2024, with an impressive triple-digit growth of 189 per cent in gross earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024.

FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6 per cent year-on-year to N31.3 billion compared to N10.7 billion in the same period in 2023.

The United Bank for Africa (UBA) Plc has groomed 398 hundred future professionals across African countries through the 2024 edition of its expanded Graduate Management Accelerated Programme (GMAP) held in Lagos.