Business

Tinubu signs Insurance Industry Reforms Bill into law ‎

President Bola Tinubu has signed the Nigerian Insurance Industry Reforms (NIIR) Bill 2025 into Law, marking a major step toward strengthening the financial sector and driving a one trillion  dollar …

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Stock market closes week on positive note, gains N948bn

The equities market sustained its positive momentum throughout the week, closing with N948 billion gain. The performance was driven by sustained buying interest in stocks like UAC of Nigeria, BUA…

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NIMC assures of seamless ID verification

The National Identity Management Commission (NIMC) has reaffirmed its commitment to providing Nigerians with uninterrupted access to identity verification and authentication services. In a statement on Wednesday in Abuja, Head…

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Transcorp posts good 2025 results, grows revenue by N279.7bn, profit BT N85.7bn

……ANNOUNCES N4.064bn INTERIM DIVIDEND TO SHAREHOLDERS Transnational Corporation Plc (“Transcorp Group” or the “Company”), (NGX: TRANSCORP), Nigeria’s leading listed conglomerate, announced its H1 unaudited results, showing impressive year-on-year growth, for…

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Transcorp reports H1 2025 with 60% revenue growth YOY

……delivers shareholders N1.024bn interim dividend payment, 71% growth profit Transcorp Hotels Plc (“Transcorp Hotels” or the “Company”) (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has announced…

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Okomu Oil declares ₦30 interim dividend

Okomu Oil Palm Company has proposed ₦30 per 50 kobo ordinary share as interim dividend for the period ended 30 June 2025. This is revealed in a corporate disclosure filed…

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FG commends NIGCOMSAT for boosting connectivity

The Federal Ministry of Communications, Innovation and Digital Economy has commended the Nigerian Communications Satellite Ltd. (NIGCOMSAT Ltd.) for its pivotal role in fostering national connectivity. The Permanent Secretary, Mr…

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LCCI tasks FG on economic challenges for citizens’ benefit

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to tackle the country’s economic issues to deliver democratic dividends to Nigerian citizens and businesses. LCCI…

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Naira loses against dollar at official market

The Naira opened the trading week almost static on Monday, trading at N1,532.54 to the U.S. dollar at the official market. According to the data released from the Central Bank…

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CAC picks another date for payment of new fees, penalties

…… September 1 The Corporate Affairs Commission (CAC) has announced the postponement of the implementation of new fees and penalties for document downloads on its upgraded registration portal to September…

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