NAIC Pays N1.7bn Claims To Farmers
The Nigerian Agricultural Insurance Corporation (NAIC) said it paid a total of N1.7 billion claims to over 5,000 farmers in…
Category: Business
PenCom Attributes N58bn Decline In Pension Assets To Market Volatility
The National Pension Commission (PenCom) has attributed the N58 billion decline in total pension assets from an all-time high value…
Mastercard, Uber Extend Partnership
Uber and Mastercard have extended their partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions.…
Central Bank Of Nigeria To Expand Borrowers’ Database, Orders Banks To Register On Credit Management System
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs)…
Costs For Retail Fund Investors In EU Remain High, Says Regulator
Retail investors in mutual funds pay costs that are 40% higher than big institutional investors pay, making it harder for…
How The Pandemic Helped Walmart Battle Amazon Marketplace For Sellers
Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no…
Is That It? Markets Relax About Inflation Pop
Just as long-dormant inflation finally rears its head again, there are some signs that financial markets may already have overestimated…
Pipeline Vandalism Reduced By 37.21% In January – NNPC
The Nigerian National Petroleum Corporation on Tuesday announced a 37.21 per cent decrease in cases of pipeline vandalism across the…
Online Transactions Rise By 99% To N22.77tn
The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from…
ITA, NEPC To Train Agric Entrepreneurs
As part of its commitment to boost trade relationships with Nigeria, the Italian Trade Agency has unveiled its training programme…
Ecobank Appoints New Head Of Corporate Banking
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Akin Dada as the new Executive…
BUA, 27 Others Now Have Active Refinery Licences, Says DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining…
New Zealand Bill Would Require Banks To Disclose Climate Risks, In A World First
New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate…
We’re Losing Millions Of Dollars Selling Cements In Nigeria-Dangotedo
Dangote Group says its cement is cheaper in Nigeria than in Ghana and that it is losing dollar earnings focusing…
France To Open €3.5bn Initiative For SMEs In Nigeria
The French Minister of Foreign Trade and Attractiveness, Franck Riester, had arrived in Nigeria to open the ‘Choose Africa’ conference,…
BUA’S $300m Sugar Refinery Ready Next Year
BUA Group is working towards unveiling its 10,000 tons cane per day (tcb) sugar refinery in the first quarter of…
Europeans Want Digital Euro To Be Private, Safe And Cheap: ECB Survey
Euro zone citizens expect the European Central Bank’s proposed digital euro to be private, safe and cheap, an ECB survey…
French Finance Minister Reaffirms 5% Growth Forecast For France In 2021
French Finance Minister Bruno Le Maire reaffirmed on Wednesday that the French economy should grow by 5% in 2021, and…
LVMH Shares Hit Record High After Strong Sales Figures
LVMH’s shares rose to record highs on Wednesday after the world’s biggest luxury goods company posted sales figures that showed…
KKR-Backed Pizza Platform Slice Raises $40 Million In Latest Funding Round
Slice, an online ordering platform which helps small pizzerias compete with large chains, said on Wednesday it raised $40 million…
Toshiba CEO Steps Down, Shares Surge On Bidding War Expectations
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners…
Tesco Reports 2 Billion Pounds Profit After ‘Exceptionally Strong’ Sales
Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds…
EasyJet Sees More Flying From Late May
British airline easyJet said it expected to start to fly more from late May onwards, guiding that overall in its…
A $9 Million Boss? UniCredit Investors To Decide How Much Orcel Is Worth
Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered…
World Stocks Hit Record High As Bond Yields Ease
Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was…
Buying Diamonds In Lockdown? WhatsApp Can Be Your Best Friend
As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to messaging service…
Coinbase Listing Marks Latest Step In Crypto’s March To The Mainstream
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the…
Russia Calls U.S. An Adversary, Warns Its Warships To Avoid Crimea
Russia on Tuesday called the United States an adversary and told U.S. warships to stay well away from Crimea “for…
Tech Stocks Push S&P 500 To Record Close, Buoy Nasdaq
The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook off…
OPEC Raises 2021 Oil Demand Growth Forecast On Hope Pandemic Wanes
OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside,…