Wip Africa Plans To Expand Real Estate Investment

N318.2b Claimed By Policyholders in Q4 2022, Says NAICOM

The National Insurance Commission (NAICOM) has noted that the policyholders have claimed N318.2 billion in the insurance industry as claims of their insurance policies as of the fourth quarter of 2022. The data was gleaned from the market statistics of the Fourth Quarter 2022 report released by NAICOM. The report revealed that there was remarkab ... Read more

The World Needs $35 Trillion ForTransition Technology By 2030, Says IRENA

The International Renewable Energy Agency (IRENA) has estimated that the world will need around $35 trillion for transition technology by 2030. Around 41 per cent of planned energy investments by 2050 remain targeted at fossil fuels, IRENA said, adding that “new investment decisions should be carefully assessed to simultaneously drive the ... Read more

AI Will Bridge Africa’s $120bn Lending Gap

The Chief Executive Officer of VerifyMe, Esigie Aguele, declared that artificial intelligence will help accelerate Africa’s drive towards achieving open finance and bridging the continent’s $120bn lending gap. Aguele made the projection while speaking on a TV business programme, Power Lunch West Africa, on CNBC at the weekend. He ... Read more

Nigerian-Bound Cargoes Worth N825bn Trapped Globally – Shippers

Jonathan Nicol (Member, Board of Trustees Nigerian Shippers Association)

The Nigerian Shippers Association has disclosed that 68 per cent of Nigerian-bound cargoes worth N825bn have been trapped at different ports around the world due to the ongoing cash crunch in Nigeria. A member of the Board of Trustees of NSA, Jonathan Nicol, in a telephone conversation with a correspondent in Lagos on Monday, also said that many ... Read more

Diamond Aircraft Seeks Investment Opportunities In Nigeria

Mr. Bin Chen (Chairman of Diamond Aircraft Industries GmbH)

Diamond Aircraft, a leading aircraft manufacturer, has disclosed its plans to expand and invest into Africa with a focus on Nigeria. The company, which has over 6,000 aircraft flying worldwide, has not had a clear strategy for Africa until now. The Chairman, Diamond aircraft, Bin Chen, disclosed this over the weekend when he led his team on a ... Read more

N622bn Decrease In Stock Market Capitalization

Investors recorded lost of N622bn at the close of trading on Monday due to sell-offs of some telecoms and banking stocks. The market which opened with the All-Share Index at 54,892.53 lost 2.08 per cent to close 53, at 750.77. The market capitalisation also depreciated by 2.08 per cent to N29.281tn. In terms of volume, a total of 100.882 mill ... Read more

Opara Disclose His Plans For CIBN A

Dr. Ken Opara (President/Chairman, Council of the Chartered Institute of Bankers of Nigeria (CIBN)

Dr. Ken Opara is the President/Chairman of the Council of the Chartered Institut ...
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MTN Propose To Merge Finance Subsid

MTN Nigeria has disclosed the proposed merger of its two finance subsidiaries &n ...
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Ogun Projects Agro-cargo Airport As

Ogun State disclosed its plans to turn gateway agro-cargo airport into an agro-p ...
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NGX Fines N779m On 16 Firms For Mar

The Nigerian Exchange Limited has sanctioned 16 companies for multiple market in ...
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New Solar Cell Plant Set To Boost P

There is a positive view that the construction of the first Solar Cell Productio ...
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