The World Bank has said the naira lost 10.2 per cent of its value in 2022. The bank was speaking on the heels of the rising food and fuel prices responsible for high inflation in the country in 2022. The…
By Seun Ibiyemi The Executive Director, Asset Management Corporation of Nigeria (AMCON) Dr Eberechukwu Uneze said the fact that AMCON has so far recovered over N1.4trillion out of the total N1.76trillion it paid to acquire Eligible Bank Assets from 22…
The Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has charged operators in the Insurance and Pension industries to maintain excellent customer satisfaction to improve the sectors. Yusuf gave the charge while delivering a…
The Information Secur ity Society of Africa – Nigeria (ISSAN), a not-for-profit organisation dedicated to the protection of Nigeria’s cyberspace has called on banks and other financial institutions in the country to embark on deliberate efforts to train and retrain…
By Ibiyemi Mathew The Federal Government of Nigeria has extended the deadline for the deep offshore oil block mini-bid round. This is in a bid to boost confidence in the transparency and continuity of the Nigeria 2022/2023 Deep Offshore Oil…
By Seun Ibiyemi The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the promotion of 510 workers of the agency. This was announced by the Director General of NIMASA, Dr Bashir Jamoh on Wednesday through…
By Mathew Dennis The Manufacturers Association of Nigeria (MAN) has presented an industrialisation blueprint to the Federal Government. MAN President,Otunba Francis Meshioye and Director-General, Segun Ajayi Kadir, made the presentation to the Minister of Finance and National Planning, Zainab Ahmed,…
President Muhammadu Buhari on Wednesday inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigerian Startup Act (NSA) 2022. A statement by Femi Adesina, Special Assistant to the President on Media…
By Seun Ibiyemi The International Air Transport Association latest report has revealed that the total amount of foreign airlines’ trapped funds in Nigeria has risen to $802m and warned the Nigerian government that the situation could hamper air connectivity, economic…
Nigeria’s local insurance firms lost about N81.8 billion to their foreign counterpart instead of N37.8 billion as provided by the relevant local content law on oil and gas insurance in 2022. The law stipulated that 70 per cent of total…
