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Leadway Unveils Unified Pension Brand With N3trn Assets, 1.2m Contributors

Leadway Holdings has unveiled Leadway Pension Fund Administrator (Leadway PFA) as its unified pension brand following the operational integration of Leadway Pensure and PAL...

Dollar Entry Point Under 10 Cents Masks First HoldCo’s Structural Reform and Profit Boom

Despite a record-breaking rally on the Nigerian Exchange that pushed its local market capitalization past ₦6 trillion ($4.35 billion), First HoldCo Plc presents a...

First Bank Parent to Deploy $1 Billion Capital Proceeds for Insurance and Fintech Expansion

First HoldCo Plc has opened a 1.4 trillion naira ($1 billion) public offering following regulatory approval from the Central Bank of Nigeria, unlocking a...

Nigerian Unicorn Fintech PalmPay Eyes Hong Kong IPO

Africa-focused fintech PalmPay Ltd, valued at more than $1 billion in an ongoing funding round, is preparing for a potential Hong Kong initial public...

Billionaire Otedola Targets Over 51% Stake in First HoldCo

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has indicated that he intends to build a controlling stake of more than 51%...

NEC Approves Refinancing of $3.3bn Project Gazelle

The National Economic Council (NEC) has approved the refinancing of the 3.3 billion dollars Project Gazelle Pre-Export Finance Facility through a new 4.5 billion...

NAICOM Confirms 43 Insurers, Reinsurers Meet NIIRA 2025 Capital Requirements

The National Insurance Commission (NAICOM) has confirmed that 43 insurance and reinsurance companies have complied with the new minimum capital requirements stipulated under the...

Israel, Nigeria Reaffirm Commitment to Strengthening Bilateral Cooperation

Israel and Nigeria have reaffirmed their commitment to strengthening bilateral cooperation in key economic sectors. The sectors include security and defence, agriculture and food security,...

Summit: Delta Govt. Earmarked $100m For De-risking Investments -Oborevwori

Gov. Sheriff Oborevwori of Delta says the state government has set aside 100 million dollars (about N173 billion) as viability gap funding to de-risk real investments...

Naira Recovers, Gains N3.38 at Official Market

The Naira on Monday opened the month of August on a positive note at the official market, trading at N1,364.83 to a dollar. Data from...

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