By Taiye Olayemi NEM Insurance Plc has reported an increase in its total assets from N124.23 billion to N186.04 billion for the year ended Dec. 31, 2025. The group disclosed this in a statement on Monday in Lagos. The statement read: “At the group level, total assets rose significantly byContinue Reading
An economic expert, Dr Sand Mba-Kalu, has urged the NNPC Ltd. to ensure transparency, accountability and robust institutional safeguards in the proposed Technical Equity Partnership for the rehabilitation of state-owned refineries.Continue Reading
By Taiye Olayemi The Nigerian equities market extended its rally on Monday, lifting market capitalisation above N160 trillion as investors recorded a combined gain of N3.162 trillion. Capitalisation climbed 2.01 per cent, rising from N157.094 trillion on Friday to N160.256 trillion, underscoring sustained demand across the exchange. The All ShareContinue Reading
By Vivian Emoni The Abuja Chamber of Commerce and Industry (ACCI) has described China’s zero-tariff policy for African goods as a major opportunity for Nigeria’s exporters. Mr Agabaidu Jideani, the Director-General of the chamber, said this in Abuja while reacting to China’s decision to remove tariffs on goods from 53Continue Reading
By Okeoghene Akubuike The Infrastructure Concession Regulatory Commission (ICRC) and the Ministry of Art, Culture, Tourism and Creative Economy (FMACTCE) have commenced discussions on the development of major tourism infrastructure projects across Nigeria. A statement issued in Abuja by Ifeanyi Nwoko, Acting Head of Media and Publicity of ICRC, saidContinue Reading
By Lucy Ogalue A Chinese company, Launch Design Shanghai, and Hybrid Motors Nigeria are set to boost electric vehicle manufacturing in Nigeria. Chief Executive Officer of Hybrid Motors Nigeria, Jubril Arogundade, disclosed this in a statement on Sunday in Abuja. Arogundade said the partnership would support electric vehicle manufacturing andContinue Reading
By Okeoghene Akubuike The Federal Executive Council (FEC) has approved three strategic Public-Private Partnership (PPP) projects aimed at strengthening Nigeria’s infrastructure base and stimulating economic growth across critical sectors. This is contained in a statement issued by Ifeanyi Nwoko, Acting Head of Media and Publicity of the Infrastructure Concession RegulatoryContinue Reading
By Okeoghene Akubuike Dr Adebowale Adedokun, Director-General(D-G), Bureau of Public Procurement (BPP), has identified weak sanctions against misconduct and inadequate capacity among procurement officers as major factors undermining Nigeria’s procurement system. Adedokun disclosed this while speaking with the News Agency of (NAN) in Abuja on Sunday, on challenges confronting theContinue Reading
By Okeoghene Akubuike The Bureau of Public Procurement (BPP) says the Federal Government saved about N1.1 trillion within a year through a newly established Price Intelligence Unit. Dr Adebowale Adedokun, Director-General(D-G), BPP, disclosed this in an interview with the News Agency of Nigeria(NAN) in Abuja on Sunday. Adedokun said thatContinue Reading
By Okeoghene Akubuike The Bureau of Public Procurement (BPP) says the Federal Government’s Nigeria First policy is designed to promote local businesses without shutting out foreign investors from participating in the nation’s economy. The Director-General of BPP, Dr Adebowale Adedokun, stated this in an interview with the News Agency ofContinue Reading
