Finance

Insurers’ assets hit N3.3trn as premium income rises by 51%

Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per cent year-on-year, YoY, to N3.3 trillion in Q1’24 from N2.4…

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Bamidele Demands Justice, Calls for Greater Protection of Women and Children

Senate Leader, Opeyemi Bamidele, has called for stronger legal protection and improved access to justice…

Makinde’s Government Loses Three More Appointees to Resignation

Three political appointees have resigned from the Oyo State Government, marking another round of departures…

AI Not a Threat to Democratic Process, Says INEC Chairman

The Chairman of the Independent National Electoral Commission, Professor Joash Amupitan, has said artificial intelligence…

Lagos-Ibadan Expressway Crash Claims Life of Footballer

A yet-to-be-identified footballer has died in a road accident involving a Mercedes-Benz C300 and a…

Oyo Govt Supports Fire Victims, Promises Alternative Shops As It Clears Illegal Structures At Biibco

The Oyo State Government has reaffirmed its commitment to protecting lives, businesses and investments at…

Kimi Antonelli Is F1’s World Champion

Kimi Antonelli has made Formula 1 history, clinching his first world title and becoming the…

Just for You

Trump Sends Recovery Message To Pope Leo XIV After Cancer Surgery

US President Donald Trump has wished Pope Leo XIV a speedy recovery after the pontiff…

Makinde Faults Tinubu’s Economic Reforms, Says Poverty Should Shape 2027 Election Decision

Oyo State Governor, Seyi Makinde, has criticised the Federal Government’s economic reforms, arguing that rising…

Tinubu Warns APC Leaders To Deliver Votes Ahead Of 2027 Election

Bola Ahmed Tinubu has warned governors, lawmakers and other members of his Presidential Campaign Council…

Tinubu Orders Rescue of Abducted Persons, Destruction of Terrorist Camps Nationwide

President Bola Tinubu has directed heads of security agencies to rescue all abducted persons and…

Lasted Finance

Naira depreciates to N1, 520/$ in parallel market

The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday. Similarly, the…

CBN to sanction banks for rejecting old, small Dollar denominations

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of…

Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24

The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent to $22.88 billion in…

CBN’s Interest Rate Hike Hindering Growth, Job Creation – Dangote

The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, yesterday faulted the hike of interest rate to…

CBN will support Eurobond issue, measures to boost external reserves – Cardoso

Governor, Central Bank of Nigeria, Olayemi Cardoso yesterday said that the apex bank will support measures to boost the nation’s external…

Nigeria’s terms of trade falls 0.12%

All commodity terms of  trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the…

Foreign loans drive up capital importation by 19% to $330m

Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million…

Net forex inflow into economy falls 39% to $2.37bn

Net foreign exchange inflow into the economy fell by 39 per cent Month-on-Month, MoM, to $2.37 billion in January from $3.91…

No plan to revoke Wema, Polaris, Unity, Fidelity licences — CBN

The Central Bank of Nigeria yesterday said there are no plans to revoke the operating licenses of Fidelity Bank, Wema…

Stock investors gain N619bn in May despite rates hike

The equities market defied the persistent hike in interest rate by the Central Bank of Nigeria, CBN, at the end of…