Friday, May 29, 2026
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Business

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

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P+ Beats Three Agencies to Win NSIA Media Intelligence Business

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ICT

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Capital Market

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NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

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NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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Insurance

Mutual Benefits Delivers Strong 2025 Financial Performance, Record Profit Growth, Balance Sheet Expansion

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Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

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NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation, Market Integrity

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CIIN Concludes Insurance Week 2026 with Awards Galore

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NAICOM Leadership Pays Condolence Visit to the Family of Late Rotimi Edu

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Business

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

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Guinness Nigeria CEO Attributes Strong 2026 Start to Operational Efficiency, Localised Decision-Making

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P+ Beats Three Agencies to Win NSIA Media Intelligence Business

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

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Capital Market

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NGX Group Advances Investor Education Drive with Digital Retail Engagement Initiative

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NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Insurance

Mutual Benefits Delivers Strong 2025 Financial Performance, Record Profit Growth, Balance Sheet Expansion

Mutual Benefits Assurance Plc has announced its audited financial...

Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

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NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation, Market Integrity

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CIIN Concludes Insurance Week 2026 with Awards Galore

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NAICOM Leadership Pays Condolence Visit to the Family of Late Rotimi Edu

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‘AMCON Killed AERO Contractors’

A senior management staff of Aero Contractors has alleged that the Asset Management Corporation of Nigeria [AMCON] was the brain behind the recent indefinite suspension of scheduled air services by Aero Contractors, the nation’s second largest airline.

The official alleged that the management of AMCON connives with the former management of Aero to siphon vital revenue from the airline, making it difficult for Aero to meet basic day-to-day operational needs.

The Aero top management staff told Business Journal: “If you want to know what happened to Aero, go to AMCON because the AMCON people were working with former management of Aero to siphon funds meant for the running of the airline. It is an open secret at the airline but nobody could speak up to avoid being sacked. Buhari cannot be fighting corruption without looking at AMCON. They are more corrupt than the politicians the EFCC is running after. I can tell you clearly that AMCON killed Aero Contractors.”

Business Journal made spirited efforts to reach Mr. Jude Nwauzor, Head of Corporate Communication at AMCON for clarification on the allegation. He did not respond to phone calls and SMS sent to his phone line.

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