Okonjo-Iweala Reappointed for Second Term as WTO Director-General
Ngozi Okonjo-Iweala, former Nigerian finance minister, has been reappointed as the Director-General of the World Trade Organization (WTO) for a…
Day: November 13, 2024
Nigeria’s Rising Debt-Service Costs Threaten Economic Stability Amid Naira Depreciation
Nigeria’s debt-service-to-revenue ratio surged to 162% in early 2024, significantly straining government finances as more revenue is diverted to debt…
UBA and Mastercard Unveil 75th Anniversary Commemorative Card with Exclusive Offers
To celebrate its 75th anniversary, the United Bank for Africa (UBA) has partnered with Mastercard to launch a special commemorative…
16 major firms incur the loss of N792bn — MAN
The Manufacturers Association of Nigeria (MAN) has revealed that between 2023 and 2024, 16 major manufacturing firms incurred cumulative losses…
EFCC Condemns Corruption in Power Sector Urges Stronger Asset Recovery Action
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has underscored the significant harm that financial…
Elumelu urges increased female leadership in insurance sector
Dr. Awele Elumelu, Chairperson of Heirs Insurance Brokers and Avon HMO, has joined the growing movement calling for gender parity…
NAICOM Sustains Drive for Outstanding Claims Payment
The Nigerian insurance sector is undergoing significant regulatory changes under the leadership of Ayo Omosehin, the Commissioner for Insurance at…
TotalEnergies Unveils Competitive Entry Cost and Bonuses to Boost Oil Sector Growth
TotalEnergies has outlined five key propositions to revitalize Nigeria’s struggling oil and gas sector, which has faced underinvestment, declining production,…
Pensioners relish in new narrative for pension administration
The management of Nigeria’s Defined Benefits Scheme (DBS), commonly referred to as the “old pension scheme,” was marred by mismanagement,…
Nigeria World Bank Push For Financial Inclusion To Reach 28 Million Unbanked Citizens
At the 2024 International Financial Inclusion Conference in Lagos, Nigeria’s Federal Government, the World Bank, and global stakeholders committed to…
Nigeria Seeks $5 Billion Saudi Trade Facility to Propel Economic Reform
Nigeria is in discussion with Saudi Arabia to secure a $5 billion trade facility as part of its ongoing economic…
CBN Launches New Initiatives to Advance Financial Inclusion in Nigeria
At the International Financial Inclusion Conference in Lagos, the Central Bank of Nigeria (CBN) unveiled three new initiatives aimed at…
Bitcoin jumps 28% since Trump’s win
Bitcoin soared by 28% since Donald Trump’s recent U.S. presidential victory, hitting an all-time high of $88,701. The cryptocurrency’s market…
Guinea Insurance Achieves Strong Growth in Revenue and Profit Through Strategic Expansion
Guinea Insurance Plc reported significant financial growth for 2023, with revenue rising by 49.4% to N2.077 billion from N1.390 billion…
PenCom Targets Self-Employed Professionals with Enhanced Micro Pension Scheme
The National Pension Commission (PenCom) has announced plans to expand and promote its micro pension initiative among self-employed professionals, including…