NIA urges insurers to look beyond recapitalisation for sustainable growth
The Nigerian insurance industry must look beyond recapitalisation and prioritise the development of technical, operational and human capacity to achieve sustainable growth,…
Business
FG to convert 21 idle dams to power assets
The Federal Government is developing a policy to support small-scale hydropower projects as it seeks to transform 21 idle dams identified along…
TCN secures $1.4bn funding to expand power transmission grid
The Transmission Company of Nigeria has secured more than $1.4bn, equivalent to about N1.87tn, in loans and grants from multilateral development partners…
MTN names Ikenna Ikeme as new regulatory affairs executive
MTN Group has appointed Ikenna Ikeme, the current General Manager of Regulatory Affairs at MTN Nigeria, as Executive for Group Regulatory Affairs,…
Tinubu charges NLNG to harness gas reserves for greater economic benefits
President Bola Tinubu has tasked the management of Nigeria Liquefied Natural Gas with converting the country’s vast gas reserves into tangible economic…
Okin Biscuits resumes production after 17 years of shutdown
Okin Biscuits has resumed production 17 years after its manufacturing operations were halted, following the rehabilitation of one of its production lines…
Mutual Benefits Assurance declares ₦802.46m dividend for 2025
Shareholders of Mutual Benefits Assurance Plc have approved a total dividend of N802.46m for the financial year ended December 31, 2025, at…
Moniepoint shuts down UK remittance arm, MonieWorld
Moniepoint Inc. has announced plans to transition its UK-based remittance business, MonieWorld, as the fintech company shifts capital and resources towards its…
Universal Insurance sues NAICOM over revocation of operating licence
Universal Insurance Plc has commenced legal proceedings against the National Insurance Commission over the revocation of its operating licence, after the Federal…
Taiwan charges nine over illegal export of high-end AI servers to China
Taiwanese prosecutors on Monday charged nine people, including an Nvidia employee and two individuals linked to Super Micro Computer, with illegally exporting…
May & Baker disowns fraudulent M&B equity stake scheme
May & Baker Nigeria Plc has warned against fraudulent investment schemes described as M&B Equity Stake, which are being circulated on the…
US to revoke visas of foreign asylum seekers
The administration of United States President Donald Trump said on Monday that it plans to revoke the non-immigrant visas of foreign nationals…