The United States has announced a significant reduction in visa privileges for Nigerian citizens, limiting non-immigrant visas to single-entry permits valid for three months. This marks a major policy shift from the previous arrangement, which allowed Nigerians to receive multiple-entry visas valid for up to five years. The new […]
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Plural Health Emerges to Tackle Africa’s Fragmented Healthcare Systems
As African countries push for universal health coverage, a persistent challenge continues to undermine progress: fragmentation. From disconnected hospital systems to slow insurance processing and inaccessible patient records, the lack of coordinated digital infrastructure remains a major barrier to effective healthcare delivery on the continent. Plural Health, a Nigerian health […]
CBN PMI Report Flags Cost Strain Across Major Sectors …Says Agriculture Sector Bears Highest Cost Burden The Central Bank of Nigeria (CBN) has raised the alarm over mounting cost pressures across Nigeria’s productive sectors, warning that the persistent rise in input prices could trigger a fresh wave […]
ISA 2025: VP Shettima Seeks Support to Grow Capital Market
Vice President Kashim Shettima has solicited the support of the Judiciary to grow the capital market through the delivery of verdicts that are well-reasoned, timely, and technically sound. Vice President Kashim Shettima who stated this at the opening of a two-day Judges’ Workshop organized by the Securities and Exchange Commission […]
Afreximbank Faces Second Downgrade in Four Weeks …As Moody Flags Funding Strain, Cites Lending Risks
The African Export-Import Bank (Afreximbank) has been dealt a fresh blow as Moody’s Investors Service issued a second credit downgrade in less than a month, citing deteriorating asset performance, increased exposure to distressed sovereign borrowers, and a narrowing pool of funding sources. The global ratings agency lowered […]
Wema Bank, Aradel Join NGX30 As Conoil Julius Berger Exit
The Nigerian Exchange Limited on Tuesday announced the results of its half-year market index review, which saw significant changes across several key indices, including the NGX 30 Index. The adjustments, according to the NGX, were based on the market capitalisation methodology, which took effect at the open of […]
Notore Chemical Completes Plans To Delist From NGX
Notore Chemical Industries Plc has officially concluded arrangements to delist its shares from the Nigerian Exchange Limited (NGX), following the implementation of a court-approved Scheme of Arrangement involving the company and its minority shareholders. In a notice issued to the NGX and made available to the investing public […]
ISAN Demands Suspension of Controversial Dividend Transfer Law
Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN) has issued a strong condemnation of the recently passed legislation mandating the transfer of all unclaimed dividends from company registrars to accounts managed by the Securities and Exchange Commission (SEC), as domiciled with the Central Bank of Nigeria […]
SAHCO Shareholders Approve ₦812m Dividend Payout
Shareholders of Skyway Aviation Handling Company (SAHCO) Plc have approved a total dividend payout of ₦812m for the 2024 financial year, reflecting a significant increase in shareholder returns. The approval was given at the company’s Annual General Meeting (AGM) held in Lagos. The dividend, which amounts […]
Rewane: Tinubu’s Borrowing Must Focus on Revenue, Reform Dividends
An economist and Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has cautioned that Nigeria could face increasing borrowing costs unless the Tinubu administration adopts a more strategic and results-oriented approach to debt management. Rewane made this known during an appearance on Channels Television, Thursday, where he urged […]