bridging information and transformation
Insurance stocks listed on the Nigerian Exchange (NGX) have recorded a total market capitalisation of N586.864 billion in the first half of the year 2025. The Insurance Carriers, Brokers and Services sub-sector has 20 stocks listed under it, among which are NEM Insurance, AXA Mansard Insurance, AIICO Insurance and others. The sub-sector grew by N59.366 […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has stepped in to mediate a growing dispute between Sterling Oil Exploration & Energy Production Company (SEEPCO) and host communities in Ogbaru Local Government Area of Anambra State, following complaints that the oil firm was not meeting its corporate social responsibility obligations. At an engagement convened by […]
ExxonMobil has named Jagir Baxi as the chairman, managing director, and lead country manager of its affiliates in Nigeria, including Esso Exploration and Production Nigeria Limited and Esso Exploration and Production Nigeria (Offshore East) Limited. Baxi, who succeeds Shane Haris, is bringing a wealth of experience and proven leadership to his new role, where he […]
Key players in Nigeria’s agricultural sector have called on the federal and state governments to increase agricultural funding to at least 10 per cent of the national budget, in line with the Maputo and Malabo Declarations, to effectively tackle rising food insecurity and strengthen the country’s food systems. This resolution emerged from a high-level National […]
Schneider Electric has launched Zeigo Hub, a new digital platform designed to help organisations decarbonise their supply chains at scale, track emissions across multiple supplier tiers, and drive measurable results through education, tools, and expert support. This innovative solution marks a significant step forward in enabling companies to meet their Scope 3 emissions targets and […]
Analysts are forecasting that the Central Bank of Nigeria (CBN) will begin reducing its benchmark interest rate over the coming months, citing a marked decline in inflation and increased stability in the foreign exchange market as key drivers behind a potential monetary policy shift. Analysts at FBNQUEST Merchant Bank say that the Olayemi Cardoso-led Monetary […]
Africa Finance Corporation (AFC) has been assigned a long-term Issuer credit rating of A+ with a stable outlook by the Japan Credit Rating Agency, Ltd (JCR). The rating will enable AFC to continue growing its footprint in Asian capital markets. JCR in its report said “The credit rating reflects AFC’s leading role in infrastructure development […]
The Nigerian Maritime Administration and Safety Agency (NIMASA) has shut down two tank farms, ShellPlux and TMDK Terminals, both located in the Ijegun-Egba area of Lagos State, over violation of the International Ship and Port Facility Security (ISPS) Code. LEADERSHIP reports that NIMASA is the Designated Authority for implementing the ISPS Code in Nigeria. However, […]
In a bid to promote science education and practical learning among students in the Federal Capital Territory (FCT), philanthropist and youth corps member, Mrs. Marvelous Ruona Otaricho, has unveiled a fully-equipped science laboratory for Government Junior Secondary School, Life Camp. The unveiling, which coincided with the global celebration of Nelson Mandela Day, was described as […]
States’ Power Commissioners have formally rejected the proposed 2025 Electricity Act (Amendment) Bill, warning that it risks undermining recent reforms and placing unsustainable financial burdens on electricity consumers and state governments. The strong objections were issued through a statement by the Forum of Commissioners of Power and Energy in Nigeria (FOCPEN), which represents state-level regulators […]