Business Archives - Page 7 of 20

New Pension Plan Could Change How Small Businesses Save — Leadway

March 24, 2026

Leadway Pensure PFA Limited has said Nigeria’s Personal Pension Plan will transform how small business owners save for retirement, making contributions more flexible and accessible. The company stated that the Personal Pension Plan is a key initiative for Nigeria’s economic development, particularly as a large portion of the workforce operates within the informal sector. It...

NGX Rally Extends as Investors Gain N1.8trn in Three Days

March 23, 2026

Trading on the Nigerian equities market closed on a positive note last week, as investors gained about ₦1.765 trillion in three trading sessions on the Nigerian Exchange Limited. The market recorded gains during a shortened trading week, with activities spanning three sessions. The positive performance reflects continued investor participation and movements in key equities. Market...

Tariff Crisis Threatens Shipping Operations, Jobs in Nigeria

March 21, 2026

Shipping companies operating in Nigeria have warned that ongoing tariff-related disputes could force them to shut down local operations, raising concerns over potential job losses in the maritime sector. The warning follows tensions linked to tariff increases and disputes between shipping firms and stakeholders within Nigeria’s port system. The situation has affected operations and heightened...

Shippers Council Appeals for Dialogue as Freight Forwarders Protest

March 20, 2026

The Nigerian Shippers Council has urged freight forwarders to adopt dialogue in resolving disputes after some staged a protest at the offices of Mediterranean Shipping Company over recent tariff increases. Freight forwarders protested at the company’s offices in response to an increase in shipping line tariffs. The picketing action took place as part of industrial action by...

Call Grows for Female Leadership in Nigeria’s Energy Sector

March 20, 2026

Energy companies in Nigeria have been urged to increase the appointment of women to top leadership positions as part of efforts to promote inclusion in the sector. The call was made by the Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, during activities marking International Women’s Day 2026. She noted that the energy sector...

42% of Nigerians Say Interest Rates on Bank Loans Are Rising – Survey

March 19, 2026

A recent survey shows that 42 percent of Nigerians believe interest rates on bank loans are rising, with many respondents highlighting high borrowing costs as a major concern. The findings are contained in the latest Vanguard All‑Africa Poll, which assesses public perceptions of the economy and public sector performance. The poll covers views on inflation,...

Middle East Conflict May Raise Reinsurance Costs for Nigerian Insurers

March 19, 2026

Nigerian insurance companies are likely to face higher reinsurance costs as a result of disruptions caused by the ongoing conflict in the Middle East, according to industry experts. Reinsurance companies play a key role in the global insurance market by providing insurance for insurance firms. When reinsurers incur large losses or face increased uncertainty, they...

UBA Joins NIDCOM to Unlock Diaspora Capital Flows

March 19, 2026

United Bank for Africa Plc and the Nigeria Diaspora Commission have strengthened their collaboration to enhance diaspora capital inflows and support diaspora‑driven initiatives in Nigeria. The development follows the signing of a Memorandum of Understanding between UBA and NIDCOM at the Nigeria Diaspora Investment Summit held in Abuja. The agreement is aimed at improving engagement...

FCMB Secures International Licence After N500bn Capital Raise

March 17, 2026

FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and retained its international banking licence after obtaining all required regulatory approvals. The recapitalisation exercise forms part of efforts by banks to meet new capital requirements set for international banking operations in Nigeria. FCMB undertook a series of capital-raising...

Visa, Zenith Bank Launch Signature Card for Affluent Customers

March 16, 2026

Visa Inc. has partnered with Zenith Bank to introduce the Visa Signature Card, a premium payment solution designed for affluent customers in Nigeria. The card was unveiled during a media briefing at the Zenith Bank headquarters in Victoria Island, Lagos. Executives from both organisations said the initiative forms part of efforts to expand premium banking...

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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

June 3, 2026

An ISWAP commander killed during ongoing military operations in Nigeria’s North-East was among at least 50 terrorists neutralised by troops of Operation Hadin Kai, according to military authorities. The operation, which targeted Islamic State West Africa Province (ISWAP) fighters and other insurgents, was carried out as part of intensified efforts to dismantle terrorist networks operating...

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

June 2, 2026

Teachers in Enugu State on Tuesday joined a nationwide solidarity rally organised by the Nigeria Union of Teachers (NUT), marching to the Government House in Enugu to demand the immediate release of abducted Oyo pupils and their teachers. The demonstration followed a directive from the national leadership of the union after the abduction of dozens...

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

June 2, 2026

The Oyo lawmakers defection trend gained momentum on Tuesday as six members of the House of Representatives from Oyo State formally left the Peoples Democratic Party (PDP) for the Allied Peoples Movement (APM). The lawmakers announced their departure during plenary at the House of Representatives, citing the prolonged internal crisis and leadership disputes within the...

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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

Enugu Teachers Besiege Government House, Demand Release of Abducted Oyo Pupils

Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

Tinubu Re-Election Project Is My Number One Priority, Oborevwori Declares

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New Pension Plan Could Change How Small Businesses Save — Leadway

NGX Rally Extends as Investors Gain N1.8trn in Three Days

Tariff Crisis Threatens Shipping Operations, Jobs in Nigeria

Shippers Council Appeals for Dialogue as Freight Forwarders Protest

Call Grows for Female Leadership in Nigeria’s Energy Sector

42% of Nigerians Say Interest Rates on Bank Loans Are Rising – Survey

Middle East Conflict May Raise Reinsurance Costs for Nigerian Insurers

UBA Joins NIDCOM to Unlock Diaspora Capital Flows

FCMB Secures International Licence After N500bn Capital Raise

Visa, Zenith Bank Launch Signature Card for Affluent Customers

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ISWAP Commander Killed as Troops Eliminate 50 Terrorists in North-East

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Oyo Lawmakers Defection Deepens as Six Reps Dump PDP for APM

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