Category Archives: Business & Finance Updates

NIRSAL, MECA, W’Bank sign deal to boost mechanised agriculture

NIRSAL, MECA, W’Bank sign deal to boost mechanised agriculture

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc, along with its technical partner on agricultural mechanisation-Machines and Equipment Corporation Africa (MECA), yesterday

Shareholders threaten to sue NAICOM over recapitalisation

Shareholders threaten to sue NAICOM over recapitalisation

Following upward review of minimum paid-up share capital of insurance companies by the National Insurance Commission (NAICOM), some shareholders have threatened to drag the regulator

African Alliance records 78% gross premium in Q1

‘African Alliance records 78% gross premium in Q1’

African Alliance Insurance Plc said it recorded a 78 per cent increase in gross premium in first quarter (Q1) this year compared to the same

‘Taxation is key in infrastructure financing‘

‘Taxation is key in infrastructure financing‘

The Executive Chairman, Federal Inland Revenue Service (FIRS) Mr. Tunde Folwer, has stated that revenues generated through taxation and borrowing would play a key role

Nigeria’s consumer finance market massive, risky says Opaleye

The Chief Executive Officer, SEL Capital Limited, Mr. Segun Opaleye, in this interview during the opening of the company’s head office in Victoria Island, Lagos,

Stock market opens week with N221bn gain

Stock market opens week with N221bn gain

The nation’s stock market opened the week with a N221bn gain on Monday as it sustained the positive momentum witnessed since Thursday’s trading session after

Experts fear recession as GDP growth drops to 2.01%

Experts fear recession as GDP growth drops to 2.01%

Some financial and economic experts on Monday warned that weak fundamentals currently being exhibited by the Nigerian economy are putting the country’s exit from recession

Nigeria’s GDP shrinks to 2.01 per cent in Q1 2019

Nigeria’s GDP shrinks to 2.01 per cent in Q1 2019

Nigeria’s brittle economy slowed to 2.1 percent in the first quarter of 2019 (Q1, 2019), according to data released yesterday by the National Bureau of

Nigeria begins process to end gas emission from vessels

Nigeria begins process to end gas emission from vessels

Nigeria has joined the league of maritime nations that takes clean fuel for ships as a priority in pursuance of the International Maritime Organisation (IMO)

Stakeholders task FG on digital switchover

Stakeholders task FG on digital switchover

Critical stakeholders have urged the federal government to ensure the realisation of a full transition from Analogue to Digital Terrestrial Television Broadcasting despite efforts by

Air Peace, passenger bicker over exit seat row, language barrier

Air Peace, passenger bicker over exit seat row, language barrier

Air Peace airlines and one of its customers yesterday, bickered over an incident in connection to an exit seat row and language of communication onboard

Afreximbank targets $40b deals from fair

The second Intra-African Trade Fair (IATF2020), scheduled to take place in Kigali, from September 1-7, 2020, will target the execution of Intra-African trade deals worth