IATA Warns Nigeria as Airlines Trapped Funds Hit $802m
The International Air Transport Association, a trade organization for international airlines headquartered in Switzerland, recently released data showing that the…
Year: 2023
The New Twitter Verification Makes it Hard to Distinguish between Legacy and Paid Verified Accounts.
On April 1, Twitter was intended to formally delete old verification checkmarks. The label now says, “This account is verified…
Stanchart Appoints Executive Director
The Standard Chartered Bank Ghana PLC now employs Mr. Asante as its chief financial officer. He started working at Standard…
Former Arik Management and AMCON Quarrel over the Acquisition of an Airline
The Federal High Court’s Friday ruling in Lagos has sparked a dispute between Asset Management Company of Nigeria (AMCON) management…
Leadway Achieves N104.4 Billion In Total Premium, Being The First Insurance Company
Leadway has become the first insurance business in Nigeria to reach the 3-digit billion milestone.With total premiums collected of N104.4…
Kenya Lost its Position as ATI’s Primary Stockholder.
After undisclosed new cash injections into the pan-African Institution, Togo and Benin have surpassed Kenya as the leading shareholders of…
Removal of Subsidies Will Enable N7trn’
Dr. Muda Yusuf, the chief executive officer of the Center for the Promotion of Private Enterprise (CPPE), listed the advantages…
LFZ completes the N17.5 billion 20-year Series 3 Infrastructure Fixed Rate Issuance
The Lagos Free Zone Corporation (“LFZC or LFZ”) has announced the successful issue of a N17.5 billion 20-Year Series 3…
Sterling Bank stock trading is halted on NGX
The Nigerian Exchange Limited’s trading floor has halted all activity in Sterling Bank shares. The suspension, according to a notification…
Chinese Loans Increased by 209% Under Buhari, Reaching $4 billion.
Under Major General Muhammadu Buhari, the amount borrowed by the Federal Government from China has increased by 209.15 percent (retd.)…
OPEC and its Partners Start New Oil Output Curbs.
The Organization of Petroleum Exporting Countries and its partners, known as OPEC+, announced voluntary cutbacks to their crude oil output…
NEPZA: Free-trade Zones Would Generate N35.1 billion in Customs Duty.
The Free Trade Zones (FTZs) Programme, according to the Nigeria Export Processing Zones Authority (NEPZA), brought in a total of…
FIRS and NCDMB Offer a 20% Tax Refund to Encourage Investment in the Oil Business.
Oil and gas businesses seeking to lower their tax obligations and increase profitability by investing in R&D are being offered…
Banks Reimburse Consumers with Soiled, Damaged Notes, Easing the Cash Shortage.
This comes after numerous commercial banks over the weekend paid consumers with naira notes in person and through automated teller…
Firm will Introduce Merchant Financing Program.
Akshay Grover, the chief executive officer of the Pan-African fintech company Cellulant Group, which has operations in 18 countries, stated…
Oseni Becomes the Next Substantive MD of Wema Bank.
Moruf Oseni will serve as the managing director and CEO of Wema Bank Plc, with effect from April 1, 2023.…
Lack of Foreign Currency and Rising Aviation Fuel Prices are to Blame for Higher Airfares.
Airlines have faced significant challenges as a result of the high cost of aviation fuel, which accounts for a sizable…
World Bank Announces Ajay Banga As Sole President-Nominee
The Board of Executive Directors of the World Bank Group confirmed that US citizen Ajay Banga was the only candidate…
Insurance Industry Growth Policies are Sought by Loss Adjusters.
In order to fully utilize the potential of the insurance sector, the Institute of Loss Adjusters of Nigeria has stated…
NITDA Advises SMEs to Use Digital Technologies.
According to the National Information Technology Development Agency, if entrepreneurs running Micro, Small, and Medium-Sized Businesses want to thrive in…
A Firm Promotes Sustainable packaging
Tetra Pak, a provider of food processing and packaging solutions, has launched its “better with carton” campaign to advocate for…
UBA Increases Profit by 31% to N201 billion.
United Bank for Africa said that its 2022 financial period saw a N201 billion profit before taxes. This information was…
FirstBank Renamed its Subsidiaries in the UK and Africa.
The United Kingdom and Sub-Saharan Africa subsidiaries of First Bank of Nigeria Limited have received notice of a phased corporate…
According to the UN, 64.3 million Nigerians Lack Access to Sufficient Food.
According to the World Food Programme, a part of the United Nations, 32% (64.3 million) of Nigerians do not have…
NICA Establishes Governance Committees
The National Institute of Credit Administration’s governing council has established committees, which were inaugurated by the institute’s president, Mr. Andy…
Seafarers Claim that 4,000 Ships Berth in Lagos Ports Each Year.
The Mission to Seafarers, Lagos, a maritime organization, has revealed that 4,000 ships call at Lagos ports each year. According…
Lagos and Fintech Sign an Agreement to Increase IGR
A Memorandum of Understanding between the Lagos State Government and eTransact has been struck in order to control uncontrolled development,…
Oando Earns a Profit of N34.7 billion.
Oando Plc, an energy firm, reported that its earnings after tax increased to N34.7 billion in the fiscal year 2021.…
Alison-Madueke, Aluko, and Omokore’s Fraud Proceeds were Recovered by the US for Nearly $53 million.
The U.S. Department of Justice said that two civil actions seeking the forfeiture of different opulent assets that were the…
Moribund Mills: Swallow N1.63 trillion in Paper Imports in Five Years
Nigeria spent N1.63 trillion on the importation of paper and related products in the last five years despite having an…