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Local airlines lose 60 per cent operation to weather disruptions
- September 25, 2021
- Posted by: admin
- Category: Economy, Marine & Aviation, Tourism
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Local airlines have apologised for multiple delays and cancellations in the air transport service, attributing the discomfort to bad weather that has cost carriers about 60 per cent loss in their operations. The operators, under the aegis of Airline Operators of Nigeria (AON), yesterday, empathised with the travelling public, though assured of efforts to manage
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Five banks fined N1.4bn for forex infractions, others
- September 22, 2021
- Posted by: admin
- Category: Digital Economy, Economy, Latest News
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half of the year. The banks are the United Bank of Africa, Fidelity Bank, Access Bank, Guarantee Trust Bank and
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UK employs 353 Nigerian doctors in 100 days
- September 22, 2021
- Posted by: admin
- Category: Economy, Health, Latest News
At least no fewer than 353 Nigerian doctors have been registered to work in the United Kingdom in the last 100 days. Checks on the website of the General Medical Council – the body which licenses and maintains the official register of medical practitioners in the UK – showed that the GMC licensed at least
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Nigerians to pay more for electricity as FG ends N30bn monthly subsidy
- September 21, 2021
- Posted by: admin
- Category: Economy, Energy, Latest News
More difficult times await Nigerians in the months ahead as the Federal Government yesterday announced it is ending the N30 billion monthly electricity subsidy by January 2022. The decision is also to affect all forms of subsidies hitherto extended to operators in the power sector value chain. The Special Adviser to the President on infrastructure, Ahmed
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Herders with guns risk 21-year imprisonment as Sanwo-Olu signs bill
- September 21, 2021
- Posted by: admin
- Category: Agriculture, Economy
The Lagos State Government has prohibited cattle herders from owning or carrying guns, saying herders in possession of firearms will face 21 years imprisonment. This was part of the provisions of the Bill Prohibiting Open Cattle Grazing and Trespass of Cattle on Land signed into law by the state governor, Mr Babajide Sanwo-Olu, on Monday,
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Sanwo-Olu signs anti-open grazing bill into law
- September 20, 2021
- Posted by: admin
- Category: Agriculture, Economy, Latest News
Lagos State Governor Babajide Sanwo-Olu has signed the bill prohibiting open cattle grazing in the state into law. Sanwo-Olu, who assented to the bill during the State’s Executive Council meeting in Alausa on Monday, directed the security agencies to swing immediately into action and enforce provisions of the law. He said that by implication, it
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Buhari Approves Incorporation Of NNPC, Appoints Senator Ifeanyi Ararume Board’s Chairman
- September 19, 2021
- Posted by: admin
- Category: Economy, Energy, Latest News
President Muhammadu Buhari, has directed that the Nigerian National Petroleum Company Limited be incorporated. He also approved the appointment of the Board and Management of the NNPC Limited with Senator Ifeanyi Ararume as Chairman. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, was appointed Chief Executive Officer. This was
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2021 NAIPCO Annual Conference Holds In Lagos October 14.
- September 13, 2021
- Posted by: admin
- Category: Economy, Insurance & Pensions, Latest News, Marine & Aviation
The National Association of Insurance and Pension Correspondents (NAIPCO) has concluded plans to hold its 2021 annual conference in Lagos on Thursday, October 14th, 2021 With the theme; ‘COVID-19 Impact On Financial Inclusion; Opportunities For Insurance and Pension Sectors,’ the conference, will hold at Oriental Hotel, Lekki Road, Lagos. According to the Chairman, 2021 NAIPCO
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Naira hits all-time low of 543 against Dollar.
- September 9, 2021
- Posted by: admin
- Category: Digital Economy, Economy
The naira on Thursday continued its downward spiral on the parallel market, selling for N543 to the dollar on Thursday. While bureau de change operators in Abuja bought dollar at N540, it was sold for N543. The British Pound was also sold for £1/N740. The development comes 44 days after the Central Bank of Nigeria
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AfCFTA: Osinbajo Reveals Opportunities For Insurance Industry, Urges Operators To Take Advantage.
- September 9, 2021
- Posted by: admin
- Category: Digital Economy, Economy, Insurance & Pensions
The Vice President of Nigeria, Yemi Osinbajo has called on insurance operators in Nigeria to take advantage of the huge opportunities in the African Continental Free Trade Area (AfCFTA). Osinbajo who made the call virtually at the Gala Night for the installation of Mr. Tope Smart as the 47th African Insurance Organisation (AIO) stated that