The President and Chairman Board of Directors of African Export-Import Bank, Professor Benedict Oramah, will lead discussions on critical issues that will give further insights into the economic transformation of Africa at the 2023 Annual Lecture of The Chartered Institute of Bankers of Nigeria.
Scheduled to hold on March 29, 2023, the theme of the lecture which will hold in Lagos is, “Unlocking…
The International Air Transport Association on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 from $662m in the corresponding period last year,
IATA disclosed this in…
Virgin Atlantic has joined SkyTeam Alliance, becoming the first and only UK member airline of the alliance.
Virgin Atlantic is a founding partner of a Joint Venture with SkyTeam members, Delta Air Lines and Air France-KLM
Virgin Atlantic formally joined SkyTeam, the global…
Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid a worsening foreign exchange crisis.
Shortage of FX in the country has forced lenders to take drastic measures to meet their dollar obligations in recent times.
In an emailed letter to customers, some DMBs on Tuesday slashed the amount of PTA their customers can apply for…
Deposit Money Banks have begun to ration the disbursements of old N1,000 and N500 notes to their customers amid uncertainty over whether the Central Bank of Nigeria will release the old notes in its custody.
This came about 24 hours after the CBN Governor, Godwin…
The board of Dangote Sugar refinery plc has appointed Yabawa Lawan Wabi, as an Independent Non-Executive Director.
According to a corporate notice signed by the Company Secretary, Temitope Hassan, the appointment was approved by the board at its meeting held on February…
The Federal Airports Authority of Nigeria has announced that Runway 18R and 36L of the Murtala Muhammed International Airport, Lagos, will be shut for eight weeks down for maintenance.
The Runway 18R and 36L is specifically dedicated for international flights. Following the development, the Federal Government has diverted all international flights to Runway 18L and 36R located at the domestic wing…
An increase in failed payment transactions in February caused a 4.83 per cent decrease in the value of cashless transactions to N37.67tn from the N39.58tn that was recorded in January 2023.
This came as the usage of epayment gateways recorded a 41.29 per cent…
Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank of Nigeria had cleared the bills for the transaction.
It was also gathered that Deposit Money Banks…
Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number.
The National Identity Management Commission disclosed this in a statement signed by its Head, Corporate Communications, Kayode Adegoke, on Monday.
According to the commission, the fee is to improve the quality of service, accuracy, and speed of passport services through…