Business

NGO trains over 20,000 undergraduates on plastic pollution

NGO trains over 20,000 undergraduates on plastic pollution

By Peter Egwuatu   U-Recycle Initiative Africa, a youth-led Non-Governmental Organisation, NGO, has trained over twenty thousand youths across four federal universities in Nigeria through the second edition of its flagship multi-year initiative for universities, called PlasticWize 2.0. The NGO is advancing environmental education, circular economy solutions, and climate action across Africa. Through PlasticWize 2.0, themed, “Redefining […]
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NPA backs Abuja MoU on  regional maritime cooperation

NPA backs Abuja MoU on  regional maritime cooperation

By Godwin Oritse Managing Director  of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Speaking at the programme’s launch in Abuja, Dantsoho reaffirmed […]

Stock market: Investors lose N13.3trn in June amid profit-taking

Stock market: Investors lose N13.3trn in June amid profit-taking

•FTSE Russell delays Nigeria’s Frontier Market status   over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […]

Violence against women declines from 9% to 5% in six years— UN Women

Violence against women declines from 9% to 5% in six years— UN Women

By Favour Ulebor Abuja-The United Nations Entity for Gender Equality and the Empowerment of Women, UN Women, has said the prevalence of sexual violence against women in Nigeria declined from 9 per cent in 2018 to 5 per cent in 2024. UN Women Representative to Nigeria and ECOWAS, Ms. Beatrice Eyong, disclosed this during the close […]

NELFUND set to crack down on varsities’ unethical practices

NELFUND set to crack down on varsities’ unethical practices

By Joseph Erunke Abuja-The Nigerian Education Loan Fund, NELFUND, has condemned what it described as unethical practices by some tertiary institutions accused of withholding tuition refunds from students and arbitrarily increasing school charges, despite benefiting from the federal government’s scheme. The Fund, in a public notice issued by the Director, Strategic Communications, Oseyemi Oluwatuyi, yesterday, said […]

‎Premium Pension posts 24% AUM growth, sustains dividend run

‎Premium Pension posts 24% AUM growth, sustains dividend run

‎‎By Rosemary Iwunze‎‎Premium Pension Limited has recorded total assets of N21.07 billion for the fiscal year ended December 31, 2025. ‎This is against N15.84 billion recorded in 2024. ‎This was disclosed to shareholders by the Chairman of the company, Maj. Gen. Bitrus Kwaji (Rtd) at its Annual General Meeting (AGM) in Abuja. ‎He stated that […]

‎Mutual Benefits delivers strong 2025 financial performance

‎Mutual Benefits delivers strong 2025 financial performance

By Rosemary Nwunze ‎‎Mutual Benefits Assurance Plc has announced its audited financial results for the year ended 31 December 2025, reporting a strong performance marked by significant growth in profitability, improved insurance revenue and continued expansion of its balance sheet. The results underscore the company’s resilience, disciplined execution and strategic positioning within Nigeria’s insurance industry. […]

NAICOM charges insurers to adopt customer-centric business model

NAICOM charges insurers to adopt customer-centric business model

By Rosemary Iwunze The National Insurance Commission, NAICOM, has said that insurers must deliberately transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin who stated this at the opening ceremony of the Insurance Week 2026, noted that customer-centric model entails actively involving clients in the product development process […]

Mutual Benefits pays N13.6bn claims in Q1’26

Mutual Benefits pays N13.6bn claims in Q1’26

By Rosemary Iwunze Mutual Benefits Assurance Plc has paid claims of N13.6 billion to policyholders across its General Insurance and Life Business portfolios in the first quarter of 2026. The company noted that the impressive payout underscores the company’s enduring commitment to prompt claims settlement, financial strength and the fulfillment of its core promise to […]

Access ARM Pensions grows revenue to N42.4bn, declares N2 dividend

Access ARM Pensions grows revenue to N42.4bn, declares N2 dividend

…Profit rises 48% to N16.1bn Access ARM Pensions has posted a sharp rise in revenue in its first full financial year following the merger between Access Pensions and ARM Pensions, underscoring the scale benefits and operational efficiencies already being unlocked from the combination. The pension fund administrator grew gross revenue by 50.4 percent to N42.4 […]

First Bank named Nigeria’s strongest brand in 2026 by Brand Finance

First Bank named Nigeria’s strongest brand in 2026 by Brand Finance

First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]

Why agriculture must wear a new face — Xtralarge boss

Why agriculture must wear a new face — Xtralarge boss

  By Cynthia Alo The Group Managing Director of Xtralarge Farms and Resorts, has called for a radical transformation of Nigeria’s agricultural sector, urging stakeholders to “re-adorn” farming and reposition it as a profitable, modern enterprise capable of driving food security and economic growth. Speaking at the 2026 Vanguard Economic Discourse in Lagos, the agribusiness leader […]

AXA Mansard grows insurance revenue by 22% to ₦160.6bn, navigates profit dip amid FX volatility

AXA Mansard grows insurance revenue by 22% to ₦160.6bn, navigates profit dip amid FX volatility

By Rosemary Iwunze AXA Mansard Insurance Plc has reported a 22 per cent increase in insurance revenues to ₦160.56 billion for the financial year ended December 31, 2025, underlining sustained growth momentum despite a challenging macroeconomic environment marked by inflationary pressures and foreign exchange volatility. The insurer, a member of the AXA Group, disclosed this […]