July 18, 2018
Allianz Group Completes Acquisition of Ensure Insurance in Nigeria
The Allianz Group yesterday announced the completion of the acquisition of 99.03 percent of Nigerian insurer, Ensure Insurance Plc from its…
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Nigeria Unveils New Airline, Nigeria Air
The Federal Government yesterday unveiled a new national airline, Nigeria Air to replace the defunct Nigeria Airways which died 14 years…
GE Power Releases Whitepaper on Digitization of Energy Transmission, Distribution in Africa
As Africa faces emerging opportunities to help deliver efficient, affordable and reliable electricity to consumers, GE Power’s Grid Solutions business yesterday unveiled a…
3-Day Bearish Run Pulls Market YTD Loss to 2018-Low… NSE ASI Down 0.6%
The negative performance of the domestic bourse extended into yesterday’s session dragging the NSE All Share Index (ASI) 0.6% to 36,748.18…
Akwa Ibom: Sustainable Development in Nigeria’s Prime Investment Destination
Seen from afar, Nigeria is one large African nation and the continent's most robust economy, but within the powerhouse that Nigeria…
‘Kemi Adeosun Must Renounce Allegation of NYSC Fraud or Resign’
Kemi Adesoun in NYSC uniform: Real or Photoshop? BudgIT Nigeria, a civic tech organisation, expresses disappointment at the silence of the…
NSE Set to Host 6th Nigerian Capital Market Info Security Forum
The Nigerian Stock Exchange (NSE) is pleased to announce that the 6th edition of its bi-annual Nigerian Capital Market Information Security…
Afrimart, 1st Made-in-Africa B2B E-Commerce Platform Launched
Pan-Africa’s pioneer Business to Business (B2B) e-commerce platform for made in Africa products, AFRIMART officially took off yesterday, offering prospects of…
Insurers’ Results Face Volatile Future under IFRS 17
Insurance companies' results have the potential to become more volatile under the latest proposed International Financial Reporting Standards or IFRS 17…
Farmcrowdy Wins 2018 Digital Business of the Year Award in Africa
Farmcrowdy, Nigeria’s first and leading digital agriculture platform on Friday, won the Digital Business of the Year (2018) award in Africa.…
Global Airlines Financial Monitor: June 2018
The latest financial data from the industry show that airline profitability was strengthening in Q1 2018 compared to the same quarter…
M&A Transactions in Africa Falls in 1st Half 2018
Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018,…
African Trade Insurance Plans $2.5m Dividend Payment to Shareholders
In a much anticipated announcement, the African Trade Insurance Agency (ATI) declared that its General Assembly had approved the first ever…
Selloffs in Banking Stocks Extend Bearish Run to Third Consecutive Day
Yesterday, sell-offs in Banking stocks - ZENITH (-1.6%), GUARANTY (-0.9%),ACCESS (-3.4%) and UBA (-2.0%) - extended the bearish performance in the market to the third consecutive trading session…
