Business

The Director General, Securities and Exchange Commission, Dr Emomotimi Agama has disclosed that the Commission is engaging with developers to co-create a framework for regulation of stablecoins.

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Leadway Assurance Company Limited has announced a landmark financial performance for the year ended December 31, 2024, posting a record-breaking ₦173.2 billion in insurance revenue, representing a 51% increase from ₦114.4 billion in 2023. 

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In a strategic move to position Nigeria’s capital market as a catalyst for cross-border investments, Nigerian Exchange Group Plc (NGX Group) and the Securities and Exchange Commission (SEC) have reaffirmed their commitment to fostering cross-border capital market partnerships.

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Dangote Petroleum Refinery is pleased to announce the commencement of a significant national initiative designed to transform Nigeria’s fuel distribution landscape. Effective 15th of August 2025, the Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boost distribution network.

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The Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar, in a bid to strengthen collaboration between Nigeria and China, has met with the Governor of Hunan Province, His Excellency Mao Weiming, in Changsha, China, for high-level discussions aimed at deepening collaboration between Nigeria and Hunan Province at both federal and sub-national levels.

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Lekoil Nigeria Limited, a leading indigenous oil and gas exploration and production company, is pleased to announce the successful completion of the first crude oil export from the Otakikpo Onshore Terminal.

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The Securities and Exchange Commission has insisted that CBEX (Crypto Bridge Exchange), operating under the corporate identity of ST Technologies International Ltd, also known as Smart Treasure/Super Technology, remains banned in Nigeria as it has not been registered by the Commission.

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Nigeria's leading financial information platform, Proshare, has released its latest Tier 1 banks report, "Getting Bigger, Braver, and Dominant – The Class of 2025". 

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In furtherance of its long-standing commitment to education and youth development, leading financial institution, Fidelity Bank Plc, has donated a wide range of relief and academic materials to Government Junior Secondary School, Elekahia, Port Harcourt, Rivers State.

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In alignment with the Federal Government’s Renewed Hope Agenda, the Nigerian Maritime Administration and Safety Agency (NIMASA) has received commendation from the Bureau of Public Service Reforms (BPSR) for its forward-thinking approach to institutional reforms.

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