The National Insurance Commission (NAICOM) has taken decisive action by dismissing the board and management of African Alliance Insurance Company. This move comes in response to concerns over delayed payments to annuitants and other policyholders.
The decision was announced by...
Durubata Limited has launched Appmint, an innovative no-code AI platform designed to empower small and medium-sized enterprises (SMEs) across Africa. This platform aims to address the challenges faced by African businesses, such as high costs and complex technological solutions.
Appmint...
The Nigerian Naira continued its downward trend, weakening both on the official and black markets. On Monday, the currency exchanged at 1,670.75/$ on the official market and 1,748/$ on the black market.
The Central Bank of Nigeria's (CBN) increased focus...
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have joined forces to unlock over $1 billion in local currency financing for key sectors of the Nigerian economy.
This partnership aims to improve access to long-term, affordable...
Wages Finance, a cooperative platform, has introduced a new mobile app designed to help users achieve their financial goals. The app aims to encourage savings, facilitate safe investments, and promote financial literacy.
The app leverages technology to modernize traditional cooperative...
Heirs Holdings and the Tony Elumelu Foundation have taken a significant step towards empowering young African entrepreneurs by providing $5,000 in seed capital to each of them. This initiative is part of their broader mission to drive economic growth...
Nigeria's free trade zones have emerged as significant drivers of economic growth, attracting substantial foreign direct investment and fostering industrial development. Four prominent zones in Lagos State—Lagos Free Trade Zone, Lekki Free Trade Zone, Alaro City, and Lagos Deep...
The Nigerian-Hungarian Chamber of Commerce has taken a significant step towards fostering stronger economic ties between the two countries. The chamber recently held its first breakfast meeting and induction ceremony, inducting 30 new members.
The event highlighted Hungary's rich history,...
The Aig-Imoukhuede Foundation has reaffirmed its commitment to bolstering public service excellence in Nigeria. During a recent courtesy visit to the newly appointed Head of the Civil Service of the Federation, Mrs. Didi Walson-Jack, the foundation's Chairman, Mr. Aigboje...
Transnational Corporation Plc (Transcorp) has successfully completed a share capital reconstruction, reducing its total issued shares by 75%. This strategic move, aimed at maximizing long-term shareholder value, involved consolidating shares at a ratio of 1 to 4.
"This share reconstruction...
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