Corporate and Commercial

PricewaterhouseCoopers said it has shut down its offices in nine Sub-Saharan African countries. It listed Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo, Republic of Congo, Republic of Guinea, and Equatorial Guinea as countries affected. In a statement published on its…

InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, has announced the successful equity investment by the UK Government-backed MOBILIST programme, alongside other institutional investors, further strengthening its institutional shareholder base following the completion of its equity private placement. This strategic investment, it said…

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled…

The President of the Dangote Group, Alhaji Aliko Dangote, has revealed that his cements plants in Ogun State will generate 18 million metric tons per annum. Dangote made this known when he visited the Governor of Ogun State, Dapo Abiodun, concerning the six…

Insurance company, Aiico has forecasted a Gross Written Premium (GWP) of ₦114.3 billion for the second quarter of 2025 from insurance revenue of ₦67.2b currently recorded. In a notice to the Nigerian Stock Exchange (NSE) on Wednesday, the firm said the 2025 projections…

Transnational Corporation Plc (Transcorp) has grown profit before tax (PBT) by 132 per cent to N136.7 billion last year, up from N58.8 billion in the previous year. Similarly, profit after tax (PAT) climbed 188 per cent to N94.1 billion, compared to N32.6 billion…

Guinness Nigeria Plc has announced key changes to its board of directors, reflecting its commitment to strong corporate governance and strategic leadership. The announcement is contained in a statement signed by the company’s Legal Director/Company Secretary, Abidemi Ademola. The statement announces as follows: “Dr…

American technology company, International Business Machines (IBM), has exited the Nigerian economic space. The company announced that it is also leaving other African countries like Ghana, while it transfers its operations to a third-party company. IBM is one of the latest international companies to…

The National Insurance Commission has issued additional regulations for insurers in the annuity business in Nigeria. According to a statement on Friday, NAICOM which said the new regulations are effective February 1, said they were issued in a bid to sanitise that segment…

Director General, Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has said that for Nigeria to achieve its quest for a trillion-dollar economy, the country needs more investments in critical infrastructure to drive the much-needed digital revolution for growth and development. She…