Business News

How Nigerian Insurance Reform Act 2025 will reshape the industry – Tunji Andrews

Tinubu’s reforms have tripled transaction volumes and values in Nigeria’s capital market in 2 years – Chairman NGX Group

China donates $1 million to support Nigeria’s flood victims

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Business and economic news from Nigeria and around the world.

JUST IN: Toyota Nigeria and Globe Motors sever partnership after 25 years, Toyota, Honda recall over six million vehicles as airbags endanger lives, Toyota suspends operations in China over Coronavirus outbreak

Toyota, Honda recall over 6 million vehicles over airbags malfunction

by Fakoyejo Olalekan

Toyota and Honda are to recall over six million vehicles worldwide due to the danger they pose for drivers.

Nigeria’s EFCC targets Baba Ijebu over tax fraud

by Emmanuel Abara Benson

EFCC is targeting billionaire businessman and founder of Premier Lotto, Kessington Adebutu in an ongoing corruption investigation.

Quality of local rice improves as food prices drop across major markets

Blurb

Food items’ stock pile-up across major markets, as prices continue to drop

by Research Team

The latest Household survey carried by Nairametrics Research Team showed that prices of major food items in Lagos dropped significantly.

Union Bank issues series 3 and 4 Commercial Paper, set to raise N20 billion, Union Bank downsizes operations, as MBU Capital acquires Union Bank of UK, Shareholders report Union Bank to Attorney General’s Office over proposed share dealing, Union Bank releases FY 2019 financial result, records profit increase, Union Bank Nigeria Plc posts N15.9 billion profit in 9M 2020, up by 2%

Union Bank downsizes operations, sells UK arm to MBU Capital

by Fakoyejo Olalekan

Union Bank has downsized its business after its United Kingdom subsidiary was sold to MBU Capital Limited.

After settling dispute with FG, MTN Group's Chairman pays President Buhari a visit

After settling dispute with FG, MTN Group’s board pays President Buhari a visit

by Emmanuel Abara Benson

MTN Group Limited’s Chairman of the board of directors, Mcebisi Jonas, was in Abuja on Tuesday visiting President Muhammadu Buhari of Nigeria.

Stanbic, Zenith, GTBank, lead actively traded stocks on Tuesday

GTBank, Stanbic, Zenith, others lead actively traded stocks on Tuesday

by Samuel Oyekanmi

Stanbic IBTC Bank, Zenith Bank, UBA, Fidelity Bank and GTBank led the actively traded stocks on the floor of the...

Should Gokada and Max.ng be afraid of ORide?, OPay reacts to office shutdown, N25 million license fee, OPay management denies payment issue as ORide riders protest against road transport workers union, Transportation: Lagos bans okadas and tricycles…including Gokada & Oride

Market Views

Transportation: Lagos bans okadas and tricycles…including Gokada & Oride

by CSL Stockbrokers

Lagos is becoming increasingly unsafe for its citizens due to the increasing rate of robbery perpetrated mainly by robbers using...

Mutual Funds, Mutual Fund gone bad: Nigerian investor discloses his 10 years investment that nosedived , Nigeria’s mutual fund asset value reaches N1 Trillion

Nigeria’s mutual funds generate over N529billion in new investments in 2019

by Uche Ndimele

A review of the NAV Summary Report has disclosed that Nigerian mutual funds attracted N520,418,401,269.22, in contributions in 2019.