Category: Business

Prestige Assurance hits 34% gross premium growth

Prestige Assurance Plc increased its gross premium written by 34% to N12.4 billion at the...

NCC to block stolen SIMs in five minutes

The Nigerian Communications Commission has suggested shortening the process from 30 minutes to 5 minutes...

Lasaco Assurance announces N183m dividend payment

Lasaco Assurance Plc has announced that it will pay a 15 kobo dividend on each...

30% CIT on foreign tankers to cut FG’s profit – Shipowners

The 30% corporation income tax that was recently imposed on members of the International Association...

Analysts predict crude oil won’t sell $90/barrel

Some oil market analysts have predicted that the price of crude oil is not anticipated to...

Heineken’s top shareholder, Charlene de Carvalho, loses $877m

The largest stakeholder in Heineken and one of the richest women in the world, Charlene...

Manufacturers spent N119bn on electricity in nine years – MAN

Manufacturers’ Association of Nigeria has reported that manufacturers spending on alternative energy sources increased by 82%...

How equity investors his N8bn profit one week

The Nigerian Exchange Limited’s recent trend of optimistic trading slowed this past week, resulting in...

Transcorp’s revenue hits 31% increase, jumps to N82bn

Transnational Corporation Plc, an indigenous conglomerate, has revealed that it experienced remarkable development across all...

AXA Mansard hits N11bn from FX profit

Axa Mansard has reported second-quarter earnings that increased pre-tax profits by 597% to N12.8 billion. The...

MTN reports 39.3% drop in fintech clients in H1 2023

MTN Nigeria recorded a 39.3% drop in fintech users for the first six months of...

NASCON Allied Industries to merge with Dangote sugar refinery

The Board of Directors of NASCON Allied Industries Plc authorized a merger plan with Dangote...