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Lasaco Assurance Posts N3 billion Loss Amid 129% Solvency Margin

Lasaco Assurance Plc has recorded its first Full Year operating loss in more than decade even as the insurer has the financial strength to meet its obligation to policyholders. The...
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Lasaco Assurance Posts N3 billion Loss Amid 129% Solvency Margin

Bala Augie -
Lasaco Assurance Plc has recorded its first Full Year operating loss in more than decade even as the insurer...
Markets

University of Suffolk Graduation Event for Unicaf Scholars Held in Lagos

Bala Augie -
The University of Suffolk, United Kingdom, has graduated 400 Nigerian students at a formal ceremony held on Saturday, January 31, at the...
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First HoldCo Surges 8% on 5x Volume as Investors Cheer ₦748bn ‘Clean-Up’

Bala Augie -
Shares of First HoldCo PLC outperformed the broader market today, jumping 8.04% on massive turnover as investors signaled their...
Energy

African Energy Bank Ready for April Launch as Nigeria Delivers Abuja HQ

Bala Augie -
Nigeria has officially handed over the headquarters of the Africa Energy Bank in Abuja, setting the stage for an...
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Ellah Lakes Losses Widen to ₦2.27bn as Overhead Swallows Revenue

Bala Augie -
Ellah Lakes PLC, the Nigerian agro-allied firm betting on oil palm and cultivation, saw its losses widen to ₦2.27...
Markets

Recapitalisation: Silent Layoffs, Infrastructure Deficit Threat to $1trn Economy

Bala Augie -
BY BLAISE UDUNZE The Central Bank of Nigeria’s recapitalisation exercise, which is scheduled for a March 31, 2026, deadline, has...
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Nigeria Tax Chief Oyedele Warns of March 31 Deadline Amid Widespread Non-Compliance

Taiwo Oyedele, Chairman of Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms, has issued a final call to...
Economy

Saudi Arabia and Nigeria Sign First-Ever Workers Recruitment Pact

Bala Augie -
Saudi Arabia and Nigeria have signed their first workers’ recruitment agreement, further opening the Saudi labor market to skilled...
Economy

Nigeria Dollar Reserves Hit 8-Year High of $45.9bn Signals New Era of Exchange Rate Stability

Bala Augie -
Nigeria’s gross foreign exchange (FX) reserves have surged to $45.9 billion, marking their highest level since August 2018. This milestone,...
Economy

Dangote Gasoline Surge to 200,000 b/d Ends Nigeria’s European Fuel Reliance

Bala Augie -
Nigeria’s Dangote refinery supplied 32 million liters/day to the Nigerian market, equivalent to 200,000 barrels per day (b/d) and...
Economy

Nigeria Dec. Inflation Tumbles to 15.15% as Food and Core Continue Slide

Bala Augie -
The National Bureau of Statistics (NBS) has reported that headline inflation crashed to 15.15% in December 2025. The data...
Economy

Reform Dividend: Why the World Bank Thinks Nigeria is Entering a 4.4% High-Growth Cycle

Bala Augie -
In a major show of confidence in the federal government’s ongoing reforms, the World Bank has upgraded Nigeria’s 2026...

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