Business

The closure of the border between Nigeria’s northern corridor and Niger Republic has put $1.3 billion worth of trade at risk along the trans-Saharan road, a road network connecting six African countries (Algeria, Chad, Mali, Niger, Nigeria, and Tunisia). The trans-Saharan road corridor borders seven northern Nigerian states —Sokoto, Kebbi, …

AXA Mansard Insurance Plc, a member of the AXA Group has announced its financial results for the second quarter ended June 30, 2023, implementing the IFRS17 and IFRS9 accounting standards, which became effective on January 1, 2023. Consequently, Gross earned premiums, now called Insurance Revenues become the principal revenue indicator …

Ikeja Hotel has reported a 230 percent in profit after tax to N397.54 million in the first half of 2023 from N120.48 million in the same period of 2022. On a quarterly basis, profit after tax stood at N362.11 million from N9.65 million. The hotel recorded 157 percent growth in …

Berkshire Hathaway (BRKa.N) on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Rising interest rates, as well as a rebound in performance at the Geico car insurer, allowed Berkshire’s …