NGO Tasks New NAICOM Management on Urgent Regulatory Reforms Transparent Protection Ltd/Gte, an insurance Non-Governmental Organisation (NGO), has urged new management of the National Insurance Commission (NAICOM) to urgently step up its regulatory reforms to save the sector. Dr Sam Onyeka, the Lead Director of TPL/Gte, told newsmen in Abuja on Friday, that urgent reform […]

UBA Profits Grows by 166% to N143bn in Q1 Driven majorly by improved core banking activities, United Bank for Africa (UBA) Plc profit accelerated by more than 166% year on year to about N143 billion, details of the financial services group’s unaudited report for first quarter revealed. This translates to 169.4% year-on-year increase in earnings […]

Weak US Jobs Data Boosts Rate Cut Expectations –Note Job creation in the US was weaker, unemployment higher and wage growth more subdued than expected in the April employment report, ING said in a note. With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve interest rate […]

NASS Plans Investigative Summit on Aviation Sector Rep. Abiodun Akinlade, Chairman, House Committee on Aviation Technology, says the National Assembly plans to organise a National Summit on the Aviation Industry to investigate suspected sharp practices in the industry. Akinlade said this in a statement on Thursday in Abuja. “The Senate and House of Representatives Committees […]

Nigeria Ripe for Nuclear Power to Boost Electricity Generation – NAEC The Nigeria Atomic Energy Commission (NAEC) in collaboration with the Centre for Energy Research and Training (CERT), Ahmadu Bello University (ABU), Zaria would deploy nuclear science and technology to strengthen electric power generation in Nigeria. Prof. Yusuf-Aminu Ahmed, Chairman of NAEC disclosed this during […]

Nigeria Accedes to Afreximbank’s Fund for Export Development Agreement  Nigeria has become the latest signatory to the Establishment Agreement of the Fund for Export Development in Africa (FEDA), the development impact-oriented subsidiary of the African Export-Import Bank (Afreximbank). This is contained in a statement signed by Vincent Musumba, Manager, Media Relations, Afreximbank, in Abuja on […]

Cadbury Nigeria Posts N7.32bn Net Loss in Q1 Foreign exchange loss damaged Cadbury Nigeria Plc financial performance in the first quarter of 2024, its latest unaudited report showed.  The consume good company posted net loss of more than N7 billion in the first three months of operation in the current year as result of about […]

Nigeria’s Economy to Experience Significant Growth Soon – Shettima Vice President Kashim Shettima has expressed the optimism that the Nigerian economy would experience significant growth soon. Shettima stated this on Thursday in Abuja at the 2nd Chronicle Roundtable, organised by 21st Century Media Services, publishers of 21st Century Chronicle. The event was as part of […]

Access Bank Advocates Innovative Financing Models to Bridge Healthcare Gap Ralph Opara, Group Head, Commercial Banking Division, Access Bank Plc, says the private sector is crucial in driving innovative financing models and strategic partnerships to bridge the healthcare investment gap in Nigeria. In a statement on Thursday in Lagos, Opara was quoted to have said […]