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  • Monday, August 10, 2026

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InsideBusiness - Business News in Nigeria
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Finance

Access Holdings’ ₦351bn Rights Issue Opens July 8

InsideBusiness Jul 2, 2024
Access Holdings Plc on Tuesday finalised the arrangements to raise a total of ₦351,009,103,017.25 by way of a Rights Issue to existing shareholders to enhance its working capital requirements, which includes organic growth funding for its…
Finance

Access Holdings, Four Others Tier-1 Banks Incur N243.96bn In AMCON Fees In 2023

SOLA SOLOMON Apr 29, 2024
Access Holdings Plc and four publicly listed Tier-1 banks in Nigeria incurred N243.96 billion in banking sector resolution costs to the Asset Management Corporation of Nigeria (AMCON) in the 2023 financial year. The levy for…
Insurance

NEM Insurance, Others Delay 2023FY On IFRS 17 Adoption

SOLA SOLOMON Apr 22, 2024
For implementing International Financial Reporting Standard 17 (IFRS), NEM insurance Plc, among others listed on the Nigerian Exchange Limited (NGX) are to delay 2023 filings of audited result and accounts to the investing public. An…
Companies

Coronation Group, Access Holdings Plc, Safaricom, M-PESA Africa In Alliance To Explore Remittances

InsideBusiness Mar 25, 2024
Coronation Group, Access Holdings Plc, Safaricom Plc and M-PESA Africa have come together to broaden access to remittances across Africa in a strategic alliance to propel financial inclusion and nurture economic prosperity for millions…
Finance

FBN Holdings Announces Femi Otedola As New Chairman

InsideBusiness Jan 31, 2024
The management of FBN Holdings Plc, on Wednesday announced the appointment of Femi Otedola as their new Chairman. The billionaire investor succeeds the outgoing Chairman of the board, Ahmad Abdullahi. The acting company sectary, FBN…
Finance

Access Holdings Acquires Megatech Insurance Brokers

InsideBusiness Jan 15, 2024
Access Holdings Plc on Monday said it has obtained all required regulatory approvals for the acquisition of Megatech Insurance Brokers Ltd, an insurance brokerage company licensed and regulated by the National Insurance Commission (NAICOM).…
Market

Fbn Holdings, 28 Others’ Tumble Trigger N192bn Dip In Equities Market

InsideBusiness Dec 7, 2023
The equities market of the Nigerian Exchange Limited (NGX) on Thursday closed on a negative note, as price declines in FBN Holdings Plc and 28 others dragged the overall capitalization lower by N192 billion. The Nigerian Exchange Limited…
Insurance

Heirs Insurance Group Records N20bn Gross Premium In 2022

Heirs Insurance Group Sep 5, 2023
Heirs Infor the financial year ended December 31, 2022surance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), has announced N19.9 billion gross premium, a 226 per cent jump over N6.1bn in 2021. With the…
Top Stories

Yayale Ahmed Led-Board Sells IGI Insurance’s 40% To Coopvest Ltd For N4.88bn

BADEJO ADEMUYIWA Dec 7, 2022
The board of Industrial and General Insurance Company (IGI) Plc led by former Secretary to the Government of the Federation  of Nigeria,Yayale Ahmed may have sold the 40.7 per cent unallocated shares of the company.
Economy

Unpaid Dividend’s Worries Grow In Insurance, Other Markets

EHIME ALEX AND CLEMENT OGBEMUDIA Aug 29, 2022
Increasing non-payment of dividends is unsettling to shareholders who have turned annual meetings of companies into battlegrounds where they vent their anger on management and the board of directors. The meetings are sometimes turbulent…
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