Following major delays that happen during the importation of aircraft and aircraft spares despite the removal of Duties on them, the Airline Operators of Nigeria (AON) has said that it is working with the management of Nigeria Customs Service to…
Leadway Assurance Company Limited, one of Nigeria’s leading insurers, has, in consortium with other leading insurance companies – Sanlam Insurance, Mutual Benefits and LASACO, successfully disbursed the sum of N535 million in Group Life Insurance claims to 68 beneficiary members…
The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Directors/Chief Executives of banks to a maximum of 12 years from 10 years. CBN, in a circular on the new, “Corporate Governance Guidelines for Commercial, Merchant, Non-interest…
Stakeholders have said that except Nigeria produces more for exportation and the attitude toward locally-manufactured goods changes, the current challenge with foreign exchange (FX) will persist. They stated this in interviews with journalists in Ibadan on Monday against the backdrop…
An economist, Prof. Uche Uwaleke, has urged the Central Bank of Nigeria (CBN) to look into the new service charges on Point of Sale (PoS) trasactions by the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN). Uwaleke, Professor…
The Central Bank of Nigeria (CBN) has disclosed that it recovered N471.82billion as cumulative repayment from the bank’s intervention programmes in the first half of 2022. According to the apex bank’s half-year report for 2022, the recovery rate rose by…
The inability of wide bodied aircraft to take off and land at the Port Harcourt International Airport, on Thursday and Friday over inadequate fire risk preparedness will increase insurance premium of foreign airlines into Nigerian airports. It was reported that…
Policyholders of Anchor Insurance Company Limited who suffered Insured risks in 2022 financial year, were compensated to the tune of N1.42billion. The claims paid showed a 42.60 percentage rise when compared to the N997.42million compensated it made in 2021 financial…
An electricity expert, Mr Adetayo Adegbenle, has advised Distribution Companies(Discos) to meet up to 70 per cent metering gap within their network before increasing tariff on electricity consumption. Adegbenle, Convener, PowerUp Nigeria, gave advice in an interview with the News…
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has revealed that three oil companies have commenced importation of fuel into Nigeria. Farouk said this at a crucial meeting of stakeholders in Lagos.…
