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Seyi Makinde 1

Agribusiness Owner Accuses Oyo State Governor of Imposing High Taxes

Article Summary Ms Omolara Svensson, an agribusiness owner in Oyo State, accuses the state government of imposing heavy taxes on the sector, risking the survival of such businesses and discouraging young Nigerians from entering the field. Svensson urges for better dialogue with the government and establishing a committee to address these concerns constructively. In response, […]

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Police Chief Urges More Bank Support For Msmes And Artisans

Police Chief Urges More Bank Support for MSMEs and Artisans

The Osun State Police Commissioner, CP Kehinde Longe, has underscored the importance of financial institutions stepping up their support for MSMEs and artisans to help tackle the alarming crime rate in society. This statement was made during a courtesy call by Dr Adekunle Adewole, the Managing Director of LivingTrust Mortgage Bank Plc, and some of

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Nigerian Insurers Shift 60 Oil Gas Ventures Abroad Due To Forex Risk

Nigerian Insurers Shift 60% Oil & Gas Ventures Abroad Due to Forex Risk

In the face of a volatile foreign exchange market, Nigerian insurance companies are exporting a significant amount of their oil and gas operations abroad. A recent probe shows an upward trend in this practice over the last five years, with more than 60% of their business in this sector being assigned to foreign insurance firms.

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Nigerian Insurers Shift 60% Oil & Gas Ventures Abroad Due to Forex Risk Read More »

Transit Gas Nigeria Limited Tgnl In Ogun State

Revolutionizing Energy in Ogun State: Transit Gas Nigeria and NGML Launch New Facility

Transit Gas Nigeria Limited (TGNL), an Axxela subsidiary, in partnership with NNPC Gas Marketing Limited (NGML), has launched a Natural Gas City Gate facility in Ibefun. This new facility is set to provide natural gas to industrial and commercial sectors in Ogun State and the broader Southwest region of Nigeria. The cutting-edge facility can deliver

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Nigerian Electricity Regulatory Commission Nerc

NERC Authorizes Power Disconnection After 12-day Non-payment Period

According to a recent statement, the Nigerian Electricity Regulatory Commission (NERC) has recently given Distribution Companies (DisCos) the green light to cut off power to customers who default on their electricity bills for at least 12 days. In a document titled ‘Customer Protection Regulations, 2023’, released on the NERC website on April 20, 2023, it

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Herbert Wigwe 1

Herbert Wigwe Takes Charge of France Nigeria Business Council after Abdul Samad Rabiu

The founder and Executive Chairman of BUA Group, Abdul Samad Rabiu, has passed the mantle of leadership of the France Nigeria Business Council to Herbert Wigwe, the Group Managing Director of Access Bank. The handover ceremony symbolizes a new era in the Council’s trajectory following Rabiu’s effective two-year tenure as its inaugural President. Rabiu’s presidency

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Nigerian Communications Commission Ncc 1

Telcos Threaten to Cut USSD Services over Banks’ N120bn Debt

A significant disruption in online banking services looms over Nigeria as telecommunication companies (telcos) gear up to suspend Unstructured Supplementary Service Data (USSD) services to banks from 7 pm today. This disruption will affect various banking transactions conducted via mobile phones, including fund transfers, account balance checks, and bank detail verifications. Notably, these transactions can

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Nigerian Exchange Limited Ngx 1

Nigerian Stocks See 58% Investor Pullback Amid Rising Risks

In the face of escalating socio-political uncertainties and naira fluctuations, foreign portfolio investors (FPI) have significantly reduced their stake in Nigeria’s stock market. During Q1’23, investments plummeted to N53.71 billion, marking a steep 58.3 percent YoY downturn from N128.91 billion in the same quarter of 2022. This data is according to a report issued by

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Zainab Shamsuna Ahmed

Urgent Need for Greater Insurance Penetration in Africa: FG

The Federal Government has voiced its concern over the insufficient insurance coverage in Africa and the sector’s limited impact on the economies of various African countries. At the 2023 West African Insurance Companies Association (WAICA) Education Conference in Lagos, the Minister of Finance, Budget & National Planning, Dr. Mrs. Zainab Shamsuna Ahmed, lamented the current

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