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Finance & Markets

Australian Market Slips To Modest Losses In Mid-market

(RTTNews) - The Australian stock market is slipping to modest losses in mid-market moves on Friday, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,050 level, with

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NAICOM Unveils Initiative to Raise Insurance Penetration to 10% of GDP by 2031

• Insurers target 25 million Nigerians, 6,000 professionals, 250,000 MSMEs in 5-year ISSP blueprint • Omosehin demands stronger underwriting, governance, claims settlement •Leadway Assurance…

  • NAICOM launches five-year initiative to boost insurance penetration.
  • Target is to raise insurance penetration to 10% of GDP by 2031.
  • Initiative is Insurance Sector Strengthening Programme (ISSP) with stakeholders.

Tinubu Backs October Launch of African Credit Rating Agency

• Describes it as right step towards building financial institutions to assess continent’s economies and risks Deji Elumoye in Abuja President Bola Tinubu has lent his support for the October,

  • President Bola Tinubu supports African Credit Rating Agency launch in October 2026.
  • Tinubu advocated for AfCRA creation in February 2026 and May Africa CEO Forum.
  • AfCRA must earn global capital confidence through independence and rigorous assessments.

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