By Ayomide Otitoju Leadway Assurance Company Limited has announced a record-breaking ₦173.2 billion in insurance revenue for the financial year ending December 31, 2024—marking a 51% increase from ₦114.4 billion in 2023. The insurance giant also disclosed the settlement of ₦117 billion in claims, reinforcing its status as Nigeria’s top claims-paying insurer for the eighth…
By Ayomide Otitoju Pay-TV provider GOtv has announced a special customer reward initiative running from Monday, June 16 to Thursday, July 31, offering subscribers a free upgrade to the next viewing package upon renewal—at no extra cost. In a statement issued on Monday, GOtv revealed that customers will automatically enjoy access to more channels and…
By Ayomide Otitoju The Dangote Petroleum Refinery has announced a new distribution initiative aimed at reducing inflation, cutting fuel costs, and generating employment across Nigeria. The plan, unveiled in a statement on Tuesday, involves the free delivery of Premium Motor Spirit (PMS), diesel, and other petroleum products to major users, including petrol station operators, manufacturers,…
By Ayomide Otitoju Fidelity Bank Plc has strongly denied recent media allegations that its Managing Director, Mrs. Nneka Onyeali-Ikpe, paid ₦5 billion to evade detention by the Nigeria Police, describing the claim as “false, malicious, and intentionally misleading.” In a statement issued on Monday, the bank refuted a report published by Sahara Reporters under the…
By Ayomide Otitoju Kevin Ugwuoke, Executive Director and Chief Risk Officer at Fidelity Bank Plc, has formally taken office as President of the Chartered Risk Management Institute of Nigeria (CRMI), pledging transformative reforms aimed at strengthening risk governance across sectors in the country. Speaking during the handover ceremony held in Lagos over the weekend, Ugwuoke,…
By Ayomide Otitoju The Inspector-General of Police (IGP), Kayode Egbetokun, has vowed to end the wave of violence and senseless killings in Benue State and other parts of the country, declaring that the Nigeria Police Force will no longer tolerate attacks on communities. Egbetokun made the declaration on Monday during a visit to Governor Hyacinth…
By Ayomide Otitoju A fresh wave of Israeli airstrikes struck Tehran overnight, including a direct hit on the headquarters of Iran’s state television broadcaster, reportedly killing three people, as hostilities between Israel and Iran entered a fifth consecutive day. The Israeli military confirmed it had launched coordinated attacks on multiple missile and drone facilities in…
By Aymide Otitoju Nigeria and Ghana could face heightened economic pressures as a result of the escalating conflict between Iran and Israel, with rising oil prices and investor uncertainty threatening currency stability, foreign investment, and inflation, according to a new report by SBM Intelligence. In the report, titled The Escalating Iran-Israel Conflict and its Implications…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has taken a central role in arranging a landmark $1.6 billion senior secured term loan facility for Suriname’s state-owned energy firm, Staatsolie Maatschappij Suriname N.V., marking a major milestone in the country’s push towards offshore oil production. Afreximbank served as global coordinator and joint mandated lead arranger…
