Author: Ogochukwu Ndubuisi

Heirs Insurance Group Receives ISO 27001 Certification Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has received the ISO 27001 certification from the Management System Certification Body (MSECB), a globally recognised provider of Information Security Management audit and certification. This is a testament of its commitment to ensuring the highest level of security across all its digital channels, the group said in a statement. This milestone follows a rigorous evaluation of the Group’s Information Security Management System (ISMS), encompassing operational processes, workforce practices, and adherence to comprehensive security policies. ISO 27001 is an internationally recognised benchmark for managing information security, ensuring…

The equities market trading activities trending positively during intraday session on Nigerian Exchange (NGX) platform. With the strong buying side, there is hope the local bourse would reverse downward trend.

CBN Did Not Recommend Naira Redesign to Ex-President Buhari – Witness A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Obiorah, on Thursday said the board of the apex bank never recommended the 2022 Naira redesign to former President Muhammadu Buhari. Obiorah said this while testifying virtually before the FCT High Court at the resumed hearing in the ongoing trial of the suspended governor of the CBN, Godwin Emefiele. Emefiele is standing trial before Justice Maryanne Anenih, on  four-count charge bordering on disobedience to the direction of law and illegal act causing injury to the public. Emefiele…

The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 has proposed a penalty of N20 million or 10 years imprisonment or both for Ponzi scheme operators.

Money market rates climbed further over a depressed funding profile in the banking system. Due to the absence of significant inflows from maturing instruments, the money market liquidity level closed on negative territory again on Thursday.

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revved up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd).

The Federal Government has secured a loan facility of 134million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country.

Access Holdings Plc has announced that its banking group’s, subsidiary, the Access Bank UK Limited has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited. In a statement, the group said Afrasia bank is Republic of Mauritius’ fourth largest bank by total assets.

Prices of crude oil decline over rising U.S dollar. The global commodity market trading bearish ahead of US Federal Reserve (Fed) Chairman Jerome Powell speech. The U.S Fed chair is scheduled to speak on the economic outlook after inflation surge triggered caution markets temperature. Strong dollar has raised energy costs for major importers –China, US and India amidst geopolitical tensions.

NNPC Board Makes Key Leadership Appointments, Gets New CFO The Board of Directors of Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced the appointment of Mr Adedapo Segun as the oil outfit’s Chief Financial Officer (CFO). The board also appointed Mr Isiyaku Abdullahi as the Executive Vice President (EVP), Downstream, and Mr Udobong Ntia as the Executive Vice President (EVP), Upstream. Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., in a statement on Wednesday, said the strategic leadership appointments reflected continued dedication to improved corporate governance operational efficiency. Soneye said the key appointments would ensure long-term success in…