Despite the precipitous drop in yields on government instruments and the wrought caused by the coronavirus pandemic, listed insurers such as AIICO, Wapic and Cornerstone have grown investment income.
Insurers...
Nigeria is home to 200+ FinTechs, whose activities are primarily focused on payments with increased activities in the lending and savings space. This is...
Nigerian non-financial corporate debt pile is around N1.75 trillion, and at about 1.02 percent of gross domestic product, it has never been bigger.
The pandemic...
The Peoples Democratic Party (PDP), Oyo State chapter, has commended Governor Seyi Makinde over what the party described as “matching every word with action...
The Northeast Governors Forum has called for execution of more Federal Government capital projects in 2021 to ensure rapid development of the region.
The forum...
Industry regulator, the National Insurance Commission (NAICOM) today handed over five new operational insurance licenses to four insurance companies and one reinsurance company.
The insurance...
The auditors of International Energy Insurance have warned that the existence of a material uncertainty may cast significant doubt on the company’s ability to...
The underwriting conditions of AIICO Insurance are fast deteriorating as the bigger threats to the company’s balance sheet are low yield environment and the...
The underwriting portfolio of Mutual Benefit Assurance has been impacted by the coronavirus pandemic as mounting obligation to policy holders’ impacted negatively on profit.
For...
Industry regulator, the National Insurance Commission (NAICOM) today handed over five new operational insurance licenses to four insurance companies...
Premier League clubs in Liverpool and London will be able to welcome some supporters back into their stadiums after the Government announced which tiers...
A preliminary autopsy reportedly leaked to the Argentine press has revealed that Diego Maradona died of heart failure.
The footballing legend passed away at his home...
The legendary Argentinian footballer Diego Maradona has died at the age of 60, the Argentinian football association has said.
Maradona, who captained Argentina's 1986 World...
The price of Bitcoin (BTC) dropped below $17,000 again on Nov. 27 across top exchanges, including Binance. The recent pullback comes as whale exchange...
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s...
MTN Nigeria the largest telecommunications firm in the country is quietly building up its mobile money and Fintech business and Banks should be worried...
The auditors of International Energy Insurance have warned that the existence of a material uncertainty may cast significant doubt on the company’s ability to...
Guaranty Trust Bank (GTB) stock has soared by 26 percent in the past one-month alone which has helped propel the tier-one financials market capitalisation...
The Coronavirus has affected every sector across the globe, and the hotel industry is among the hardest hit.
The outbreak of the deadly coronavirus that...
The American mainstream media yesterday launched a coordinated effort to proclaim Joe Biden as President-Elect as projections have been made that the former Vice-President to Barack...
President Muhammadu Buhari has officially commissioned the 5,000 barrels per day Waltersmith Modular Refinery in Imo State.
Waltersmith Petroman Oil Ltd., is a Nigerian independent...
Africa industrialist Adam Molai has launched a $1-million fund to provide entrepreneurs with capital to kickstart or expand their enterprises, in a massive boost...
The ValuAlliance Value Fund, formerly called the SIM Capital Alliance Value Fund is proposing a distribution of ₦10.00/unit, for the financial year ended 30th...
Nigeria is home to 200+ FinTechs, whose activities are primarily focused on payments with increased activities in the lending and savings space. This is...
MTN Nigeria Communications PLC has gone into a national roaming partnership with 9mobile and the pilot run in Ondo State is currently live.
This partnership...
Co-creation Hub (CcHUB) has acquired eLimu, a leading EdTech firm and digital educational content provider in East Africa.
The goal of the acquisition is to...
The family of Ifeanyi Okereke, the vendor killed by a security aide of Femi Gbajabiamila, speaker of the house of representatives, is demanding N500...
Nigeria’s Current-Account deficit narrowed in the Second Quarter (Q2) of 2020 as exports again dropped faster than imports amid a global economic slowdown caused...
The Central Bank of Nigeria (CBN) is breaking its own rules regarding Ways and Means Advances extended to the Federal Government (FG), MoneyCentral analysis...
Dangote Cement announced a share buyback program late last year that intends to repurchase up to 10 percent of outstanding float of the company.
A share...
For years, money-market mutual funds have offered better returns than bank deposits (even with the current slide in fixed income yields).
They are also just...
