Accessing funding for a business can be done through multiple channels, depending on your stage of growth, business model, and financial needs. Here are the main options: • Traditional financing from banks or credit unions.• Options include:• Term Loans (fixed repayment schedule).• Lines of Credit (flexible borrowing limit).• Requires a strong business plan, good credit,…
customers to question quality. volume, and profitability.
In 2025, the NGX Insurance Index, which tracks 15 of the sector’s most capitalized and liquid players, has surged by 82% YtD, second only to the Consumer Goods Index and far ahead of the broader market’s 37% YtD gain. Companies riding this wave include AXA Mansard Insurance and Cornerstone Insurance Plc.AXA Mansard’s market value has risen by 101% year to far, to N148.5 billion, making it the NGX’s third-most valuable insurance stock.Cornerstone has grown 78% year to date to a market capitalization of N116 billion, placing fourth in the category.These improvements have generated strong real returns for investors. Beyond the price increase, the important question…
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that Petrobras, the state-owned oil behemoth of Brazil, is seeking new avenues in Nigeria’s upstream sector, focusing particularly on deepwater and ultra-deep-water ventures. In a message shared on X (formerly Twitter) on Wednesday, NNPCL stated that its Executive Vice-President for Upstream, Udy Ntia, engaged with Petrobras…
Economist and founder of Awabah, Tunji Andrews, asserts that the Nigerian insurance sector is on the brink of significant change following the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025. Enacted earlier this month by President Bola Tinubu, this legislation brings forth extensive modifications designed to modernize the industry, enhance regulatory supervision, and…
With reference to the All-Share Index, the Nigerian stock market concluded on a high note on August 26, adding 321.59 points and extending its upward momentum for the third consecutive session after a week of declines. Ending the day at 141,761.36, up from an opening of 141,439.77, the index grew by 0.23%, resulting in a…
On Thursday, Bank of Japan board member Junko Nakagawa expressed concerns that ongoing ambiguity related to U.S. tariff regulations could negatively impact corporate and consumer confidence, potentially hampering both the Japanese and global economies. Nakagawa remarked in a speech available on the BOJ’s website that although a trade deal has been established between Japan and…
China has donated $1 million to Nigeria to support affected by the recent devastating floods. The donation was formalised on Wednesday in Abuja through a signing ceremony between the Chinese government and Nigeria’s Ministry of Budget and Economic Planning, as reported by the News Agency of Nigeria (NAN). At the event, Chinese Ambassador to Nigeria,…
When listed companies go silent on dividends, investors end up holding dead money Forty-five out of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least five years. That means roughly one in every three quoted firms has withheld cash rewards from shareholders over that period, according to…
The naira yesterday recorded further weakness against the United States dollar, with the margin between the official and parallel market exchange rates widening to N13 per dollar. Figures from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at N1,537 per dollar, a one-kobo depreciation from Monday’s N1,536.99 per dollar. In contrast, the…
