Linkage Assurance Plc says it has secured the approval of its shareholders to increase the authorised share capital of the company from N7.5bn to N15bn. It said it would achieve this by the creation of additional 30 billion ordinary shares at 50 kobo each. A statement from the firm said this was to enable the […]

Anchor Insurance Company Limited said it recorded a gross written premium of N3.4bn at the end of 2018 financial period. A statement said this represented 54.38 per cent growth over the performance of N2.2bn in 2017 and the highest, since the company was established in the past 30 years. The Chairman, Board of Directors of […]

The solid minerals sector contributed N52.75bn to the revenue of the federation in 2017, a 21 per cent increase on the N43.22bn contributed by the sector in 2016, the latest report on the industry released by the Nigeria Extractive Industries Transparency Initiative on Sunday stated. According to the report, the information and data followed an […]

Banking sector’s credit to private sector rose to N25.47tn in September, setting a new record for the year, a new report by the Central Bank of Nigeria has revealed. Analysts have said the 65 per cent Loan-to-Deposit policy of the CBN has continued to increase banks’ credit to the private sector. In a bid to […]

The Nigeria Police Force and a property development firm, Echostone Nigeria Limited, have signed an agreement for the development of 100,000 housing units across the country. The Director, Echostone, Mr Sammy Adigun, said the agreement was part of ongoing efforts to bridge the country’s housing deficit. He said the intention of the parties to the […]

The Debt Management Office has said the Federal Government will not tap international debt markets for the remainder of the year. The Nigerian government approved a three-year plan in 2016 to borrow more from overseas, with 40 per cent of its loans expected from offshore sources to lower borrowing costs and help to fund record-high […]

Zenith Bank Plc said its gross earnings increased by four per cent from N474.6bn in the third quarter of 2018 to N491.26bn in third quarter of 2019. A statement from the group said its profit before tax grew by five per cent from N167.3bn in third quarter of 2018 to N176.18bn in Q3 of 2019. […]

 For the 31st consecutive month, the Central Bank of Nigeria’s Manufacturing Purchasing Managers Index recorded expansion rising to 58.2 index points. The CBN in the PMI report which was released on Friday said the latest index represents an expansion in the manufacturing  sector. The index, according to the CBN report, grew at a faster rate […]