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AIICO Insurance Ranked the Largest Insurer in Nigeria

After taking the spot from Leadway Assurance in 2022, the latest data from MoneyCentral shows AIICO Insurance Plc still remains Nigeria’s largest insurer by...

Banks Seek Piece of Stanbic Pensions Pie as Asset Management Fees Hit N33bn

Nigerian Banks are seeking to get a piece of the lucrative Pensions business built by tier-two lender Stanbic IBTC, which booked impressive asset management...

I am Working For Tinubu, Not APC – Wike

The Minister of Federal Capital Territory, Nyesom Wike, on Wednesday, clarified that he is working for President Bola Tinubu and not the All Progressives Congress. “I...

Gabon Junta Appoints Army Officer as Transitional President

Soldiers in Gabon appointed the head of the republican guard as the OPEC member state’s new leader, hours after placing President Ali Bongo under house arrest...

Dangote Foods to Have 17.35 billion Shares as Merger Terms Outlined

Dangote Sugar Refinery Plc has notified the Nigerian Exchange Limited and the investing public that the Merging Entities have agreed the terms and conditions...

Petrol Queues To Return Over Pipeline Vandalism

Long queues for petrol are beginning to resurface at filling stations in Lagos and Ogun states, and in few other locations in South-Western states. Queues...

NNPC $3bn AFREXIM Loan Deal Stalls as Lenders Hesitate

The $3 billion crude repayment loan the Nigerian National Petroleum Corporation (NNPC) Limited announced it sealed with the African Export-Import (Afrexim) Bank has reportedly...

Nigerian Breweries to Alleviate Debt Load by Restructuring Tenors

The management of Nigerian Breweries Plc is thinking outside the box as they have expressed the intention to convert some short-term obligation into long-term...

US Knew of Saudis’ Persecution of African Migrants but Kept Silent – NYT

The US government has for long been aware of the alleged mistreatment African migrants have been systematically subjected to at the border between Yemen...

Surprise Crash In Crude Inventories Sends Oil Prices Higher

The American Petroleum Institute (API) has reported a massive 11.486-million-barrel draw in U.S. crude inventories, compared with the previous week's 2.418-million-barrel draw as the...

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