Skip to content
Exclusion of pension funds, poor technology remain barriers to insurance penetration in Nigeria — NCRIB
Nigerian Council of Registered Insurance Brokers (NCRIB) has listed such impediments as the continued exclusion of pension funds from the core insurance sector, poor adoption of technology and widespread ignorance about sector’s benefits, as responsible for low insurance penetration in…
FG releases comprehensive transition guidelines for new tax regime
Federal Government, Thursday, released a comprehensive set of guidelines to facilitate Nigeria’s transition to a new tax regime, providing clarity for taxpayers, revenue agencies, tax consultants, businesses and other stakeholders ahead of the implementation of the Tax Acts 2025. The guidelines,…
MTN makes over 80% of revenue in Nigeria, others — CEO, warns against continued xenophobic attacks in SA
MTN Group President/Chief Executive Officer, Mr. Ralph Mupita, has disclosed that the company draws over 80 per cent of its total revenue from Nigeria and other countries elsewhere, and only less than 20 per cent from South Africa itself. This…
Nwachukwu appointed NIA’s first female Chairman, unveils 3-point agenda to deepen insurance access in Nigeria
Ebelechukwu Nwachukwu has emerged the first female Chairman of the Nigerian Insurers Association (NIA). Mrs Nwachukwu, who is also Managing Director of Rex Insurance Limited, will be inaugurated as the 27th chairman of the association on July 3. Speaking at…
Naira undervalued by 25.6% — IMF, tells CBN to slow foreign reserves’ accumulation
International Monetary Fund (IMF) has stated that the Nigerian currency, Naira, is undervalued by as much as 25.6 per cent, noting that the fair exchange rate against the U.SDollar should be N1,142.04/$. The official forex rate stands at N1,356.27/$ as of…
CBN offers N450bn NTBs for auction, Wednesday, as overall maturities for Q2 ’26 remain at N3.197trn
Central Bank of Nigeria (CBN), Wednesday, put up for offer a total of N450 billion worth of Nigerian Treasury Bills (NTBs) for auction for todayJune 17, with the settlement date set for June 18. An official notice to Primary Money Market…
Time for African to achieve technical capability is now __NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Felix Ogbe, has called on African oil-producing nations to leverage the continent’s vast hydrocarbon resources to build indigenous technical capabilities for exploration, field development and production activities. Ogbe…
Elohor Aiboni appointed first Nigerian EVP, Chairman of Shell Companies in Nigeria
One of Nigeria’s most accomplished petroleum industry professionals, Mrs. Elohor Aiboni, has been appointed Executive Vice President and Chairman of Shell Companies in Nigeria (SciN), becoming the first Nigerian to occupy the combined leadership position in the energy giant’s operations…
FG to prioritise improved gas delivery to local consumers, targets sustained investment, others
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has disclosed that the Federal Government is ramping up efforts to transform the country’s vast natural gas reserves into a powerful engine for industrial growth. This is also as the minister stated…
United Capital acquires 5% equity stake in NGX
Investment firm, United Capital Group has announced the acquisition of a 5 per cent equity stake in the Nigerian Exchange Group (NGX) Plc. The acquisition which was disclosed in a statement issued on Monday, June 15 and signed by the…
