…Appoints Qudus Onikeku as Director, emphasises cultural repatriation Lagos State Governor Babajide Sanwo-Olu has inaugurated the J. Randle Centre for Yoruba Heritage and Culture in Onikan for public use as a significant step in preserving the rich traditions and artistic…
…Commuters praise convenience, rejoice over reduced travel time Stories by Sodiq Adelakun Lagos, a city once plagued by notorious traffic congestion, the future of commuting in Lagos has finally taken a turn for the better. The recently launched Red Line…
Cadbury Nigeria Plc in the first nine months of 2024 recorded a 65 percent increase in pre-tax losses from N10.24 billion in the same period of 2023 to N16.93 billion in the period under review. The company’s 2024 nine-month financial…
Despite analysts’ expectation that Nigeria’s equities market will continue its upward trajectory this week, record dip in stocks like BUA Cement, Lasaco, Japaul Gold and other major laggards on the Bourse caused the market to open this new week on…
By Esther Agbo Transnational Corporation Plc (Transcorp) has reshaped its capital framework by reducing its issued shares by 75 percent. The initiative brings Transcorp’s total shares from N40.6 billion down to N10.2 billion following a 1-to-4 share consolidation. The President…
The National Insurance Commission (NAICOM) has issued an exposure draft of its “Insurance Risk-Based Capital Regulation, 2024,” introducing new minimum capital requirements aimed at strengthening the capital adequacy and resilience of Nigeria’s insurance sector. The draft, detailed in a circular…
Ikeja Hotel Plc has reported a 188 percent increase in pre-tax profit in the first nine months of 2024. The company recorded a pre-tax profit of N3.089 billion between January and September 2024 compared to N1.07 billion in the same…
The World Bank’s recent endorsement of Nigeria’s economic reforms raises pressing questions about its priorities and the impact on the Nigerian populace. Over the past five years, Nigeria has borrowed more than $24 billion from the global lender, with the…
By Esther Agbo The Nigerian Senate has called on the Nigeria Deposit Insurance Corporation (NDIC) to prioritise efforts in securing maximum returns from the liquidation assets of the now-defunct Heritage Bank. This directive, aimed at protecting the interests of remaining…
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have announced a partnership and collaboration which aims to increase local currency financing for Nigeria’s priority sectors, addressing a critical gap in funding for key areas such as…
