By Taiye Olayemi Universal Insurance Plc has concluded arrangements for its proposed N3.2 billion rights issue, following the execution of transaction documents at a signing ceremony held in Lagos. The ceremony marked the completion of the preparation phase for the offer and cleared the path for existing shareholders to participateContinue Reading
By Adeola Akinbobola The Accountant-General of the Federation (AGF), Dr Shamseldeen Ogunjimi, has called on the World Bank to ensure speedy approval and disbursement of project funds. Ogunjimi made the appeal in Abuja during a courtesy visit by a World Bank delegation led by Mrs Treed Lane, Manager of theContinue Reading
By Rukayat Moisemhe The Nigerian-British Chamber of Commerce (NBCC) and agriculture stakeholders have called for stronger innovation, investment, and policy reforms to build a resilient sector and secure Nigeria’s path to food security. They made the call at the NBCC Agriculture and Agro-Allied Summit 2026 with the theme: “Ensuring FoodContinue Reading
By Vivian Emoni The Organisation of Youths in International Trade and Commerce (OY-ITC) has called for increased export opportunities and stronger global trade participation for Nigerian youths through skills development and policy support. Dr Chinedu Amadi, President of OY-ITC, made the call in an interview with the News Agency ofContinue Reading
By Taiye Olayemi The stock market on Thursday closed on a negative note as investors lost N1.92 trillion, following sell-offs in banking and cement stocks. This is amid reactions to new regulatory guidelines by the Central Bank of Nigeria (CBN) on foreign subsidiaries of banks. Market capitalisation dropped from N155.780Continue Reading
By Rukayat Moisemhe Hemingway’s Safaris Africa and Lagos Chamber of Commerce and Industry (LCCI) have hosted a five-day robotics bootcamp to equip young Africans with Artificial Intelligence (AI) and robotics skills. This, they said, would solve real-world challenges in alignment with the United Nations Sustainable Development Goals. The Head, MemberContinue Reading
By Rukayat Moisheme Guinness Nigeria Plc says the country has emerged as the third-largest market for the Guinness brand globally, behind Ireland and the United Kingdom. The Finance and Strategy Director of the company, Mr Mayank Kabra, disclosed this during a media parley on Wednesday in Lagos. Kabra said theContinue Reading
By Taiye Olayemi The equities market rebounded, reversing the previous session’s loss with a gain of N628 billion. The gain was driven by renewed investors’ interest in blue-chip and medium-cap stocks. Key gainers included Airtel Africa, Chemical and Allied Products Plc (CAP), Zichis Agro Allied Industries, RT Briscoe Plc andContinue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC) and NAFDAC have signed a Memorandum of Understanding (MoU) to ensure faster consumer complaints resolution and stronger enforcement in the marketplace. Signing the MoU in Abuja, the Executive Vice-Chairman of FCCPC, Mr Tunji Bello, said the MoU would addressContinue Reading
Meitu Reports Record 17.9M+ Global Paying Subscribers in Q1 2026, Up 30.2% YoY Hong Kong – On May 5, 2026, Meitu Inc. (1357.HK) announced its business performance for the first quarter of 2026：As of March 2026, Meitu’s global paying subscribers exceeded 17.90 million, representing a year-on-year (“YoY”) growth rateContinue Reading
