Business
47 IMTOs get approval to operate in Nigeria
The Central Bank of Nigeria (CBN) has approved 47 companies to operate as international money transfer operators (IMTOs), an effort interpreted as a move towards breaking the historical dominance The
Local carrier to take delivery of Boeing Max aircraft
Nigerian carrier, Air Peace, has disclosed plans to add a brand new Boeing 737-Max aircraft to its fleet and operations. The post Local carrier to take delivery of Boeing Max
Julius Berger, Stanbic IBTC, others lift capitalisation by N178 billion
Following gains recorded by blue-chip stocks, including Julius Berger and Stanbic IBTC, the Nigerian Stock Exchange (NSE) reopened upbeat yesterday as market capitalisation appreciate The post Julius Berger, Stanbic IBTC,
Weak awareness slows insurance policy uptake
PwC Nigeria has revealed in its latest report, entitled: ‘Insurance penetration in Nigeria’ that the nation’s insurance industry is performing below its risk capacity. The post Weak awareness slows insurance
Aviation ministers seek regional cooperation to revive air transport
Aviation ministers in the West African States have sought regional cooperation to stimulate the quick recovering of air transport. The post Aviation ministers seek regional cooperation to revive air transport
Stock market rebounds as investors gain N178bn
By Peter Egwuatu The stock market rebounds as it opened the week (Monday) on a positive note with investors gaining over N178 billion from their investment. Specifically, the Nigerian Stock
Turkish Lira Plunges after Erdogan Sacks Central Bank Governor
Turkey’s lira plunged 15 percent to near its all-time low after markets opened following President Tayyip Erdogan’s shock weekend decision to sack a hawkish central bank governor and install a
IFC invests E20m in Nigeria, other emerging economies
By Princewill Ekwujuru International Finance Corporation (IFC) has invested 20 million euros in Bolt, a mobility service company, to promote access to on-demand mobility services in emerging economies including Nigeria.
Diaspora cash remittances drop by 27% to $17.2bn
Bright prospects for 2021 as Q4’20 records 10.6% growth By Babajide Komolafe In apparent reflection of the severe impact of the COVID-19 pandemic on the incomes of Nigerians
How to achieve irreversible recovery, inclusive growth – Bank CEOs, experts
Chief executive officers of Nigerian banks and financial experts have enumerated measures and policies that the government should implement in order to achieve irreversible recovery and inclusive growth as the
