African Alliance Insurance pays N780m to annuitants
African Alliance Insurance Plc has disbursed N780 million to annuitants under its new interim management. The payout follows the recent…
Day: December 3, 2024
20 New Millionaires To Emerge In FCMB Promo
First City Monument Bank (FCMB) has unveiled the 10th season of its renowned “Millionaire Promo,” a nationwide campaign aimed at…
Foreign Holdings Drop $13bn On Naira Slump And Corporate Exits
Nigeria’s foreign direct investment (FDI) inward stock experienced a sharp decline, dropping from $86.2 billion in 2022 to $73.4 billion…
FG engages three US lenders for $2.2bn Eurobonds
Nigeria has re-entered the global capital markets after a two-year hiatus, issuing $2.2 billion in Eurobonds to address its fiscal…
Wema Bank awards N145m to outstanding innovators
Wema Bank has successfully concluded the 5th edition of its Hackaholics initiative, awarding N145 million to seven outstanding startups in…
Dangote Cement Becomes Most Capitalized Stock on NGX
Dangote Cement has surpassed Airtel Africa and 11 other companies to become the most capitalized stock on the Nigerian Exchange…
Asia and Europe stocks climb on the US lead while dollar dips
Asian and European stock markets saw strong gains on December 3, following a rally in US tech stocks that pushed…
Euro Steadies as France Political Crisis Worsens Investor Concerns
The euro stabilized on Tuesday, recovering slightly after political turmoil in France heightened market volatility. French Prime Minister Michel Barnier…
Forex Turnover in NAFEM Jumps 62 Percent to $43 Billion Amid Naira’s Mixed Performance
The Nigerian Foreign Exchange Market (NAFEM) recorded a 61.9% year-on-year increase in dollar turnover, reaching $43.09 billion in the first…
System liquidity hits N518.9bn in November
System liquidity in Nigeria rebounded to a surplus of N518.9 billion in November 2024, up from a deficit of N207.6…
Coronation Insurance reports N2.2bn profit highlights digital transformation
Coronation Insurance Plc has announced a profit before tax of N2.2 billion for the financial year ending 2023, a remarkable…
FCMB Millionaire Promo Set to Reward 20 Customers Nationwide
First City Monument Bank has launched the 10th edition of its ‘Millionaire Promo,’ designed to reward and empower customers across…
SEC Guarantees Safety Of Fintech Investors’ Funds
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds, especially within the growing fintech ecosystem.…
Experts Advocate Green Building For Sustainable Financing—Ecobank Expo
At the Ecobank Design and Build Expo in Lagos, industry leaders stressed the importance of adopting green building practices to…
Nigeria’s insurance market’s premium hits N813.1b
Nigeria’s insurance industry achieved a significant milestone with Gross Premium Written (GPW) reaching N813.1 billion in Q2 2024, marking a…