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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Banking

CBN appoints new press secretary.

The Central Bank of Nigeria has appointed Dr Isa Abdulmumin as its acting director of Corporate Communications Department. Abdulmumin, formerly a deputy director, took over from Osita Nwanisobi, who retired from the bank on Friday, after serving as the director of…
Economy

The IMF estimates N4.26 trillion in non-banking foreign currency.

The International Monetary Fund (IMF) estimates that amid the central bank’s policy to restyle the Naira, non-bank currencies will reach 4.26 trillion naira by 2023. Personnel report; The IMF has publicly stated that CBN will increase the amount of cash withdrawn from the bank despite aggressive attempts to get more money out of the hands of the banking system. The report shows that funds…
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