Economy

Airlines urge to expand insurance coverage

Some experts have decried the low level of insurance penetration in the country and called on industry stakeholders to tailor products to the different regions in order to boost its patronage. They spoke at the symposium organised by the UNILAG Actuarial Science and Insurance class of ‘89 alumni in honour of Prof. Kunle Aduloju in Lagos with the theme, ‘Developing insurance and financial…
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Banking

Non-oil exports reached $75 million in 2 months - report

Earnings from non-oil export in October and November rose to $75m, figures obtained from the Central Bank of Nigeria have revealed. The CBN stated in its November economic report that non-oil export earnings rose by 16.9 per cent to $0.40bn, from $0.35bn in October. It…
Market

Slowdown in production causes currency shortage - NESG

The Nigerian Economic Group Summit said Nigeria’s weak manufacturing sector was the main factor behind the currency crisis. Senior Economist at NESG Dr. Wilson Erumebor reveals this in a recent article published by Foresights Africa. Entitled “Nigeria in…
Aviation

The NCAA praised the fund's safety record by Dana.

The Nigerian Civil Aviation Authority has commended Dana Air for grounding its airplanes for proper maintenance checks. The Director General of NCAA, Captain Musa Nuhu, disclosed this exclusively to our correspondent in Abuja. According to Nuhu, Dana Air grounded all its aircraft to carry out maintenance checks on them. “They noticed that some of their aircraft were due for maintenance and they…
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Economy

El-Rufai warned against challenging the election results.

The Kaduna State Government has warned against any form of protests over the Saturday’s presidential and National Assembly elections results in the state. According to the Commissioner for Internal Security and Home Affairs, Samuel Aruwan, the announcement of result…
Technology

Ericsson said 5G will drive revenue growth.

Technology company, Ericsson, has said there is a correlation between fifth generation (5G) uptake and revenue growth by business operators. According to a research from the Ericsson Mobility Report, there is evidence for communication service providers (CSPs) worldwide by identifying a correlation between 5G uptake and revenue growth. Flattening revenues have been a challenge for service…
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Aviation

FG Orders Implementation of New US Visa Validity Policy.

The Federal Government has directed the full implementation of a new visa reciprocity policy for citizens of the United States of America with effect from March 1, 2023. The Minister of Interior, Rauf Aregbesola, said the directive was issued following approval for the…
Banking

The CBN reviews the terms of office of bank directors.

The Central Bank of Nigeria has revised the regulatory requirements for the tenure of executive management and non-executive directors of Deposit Money Banks and Financial Holding Companies in the Code Of Corporate Governance For Banks And Discount Houses (Ref: FPR/DIR/CIR/GEN/01/004). In a circular titled ‘Review of tenure of executive management and non-executive directors of Deposit Money…
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