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Why Nigerian insurance is one of the lowest globally - CPPE

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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says CPPE

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Lagos signs power purchase deals to boost supply by

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Hackers breach North Korean spy group’s computer

Italy okays extradition of Chinese hacker wanted by US

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Dangote urges govt, private sector partnership to eliminate malaria

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Protests as Lebanon's currency hits new low
Economy

Protests as Lebanon’s currency hits new low

The Lebanese pound fell to a new low against the US dollar on the black market Monday as a severe economic downturn has sparked bank hold-ups by angry depositors and anti-government protests. Recent weeks have seen a spate of incidents in which people armed with real or toy guns held up banks to demand access […]

MTN launches 5G network
Telecommunications

MTN launches 5G network

Telecommunications giant, MTN, launched commercially launched the fifth-generation technology, in Nigeria on Sunday. The launch took place during an event that enabled guests to test the use of the technology. Nigeria becomes the third African country to have launched the 5G network, after Kenya and South Africa, following MTN’s establishment of the technology in Lagos. […]

Buhari unveils SDG financing framework
Economy

Buhari, Bill Gates, others to speak at global investment forum

The President, Major General Muhammadu Buhari (retd.) will be delivering a keynote address at the second edition of the Nigeria International Economic Partnership Forum. NIEPF, a global economic investment platform organised by the Federal Government in partnership with the Africa Business Roundtable will hold 22 September, 2022. Disclosed in a statement by the Senior Special […]

FG loses N16tn to tax waivers - Report
News

FG loses N16tn to tax waivers – Report

The Federal Government has lost N16.76tn in revenue between 2019 and 2021 as a result of tax breaks and concessions offered to large businesses. According to The PUNCH, by the end of 2021, 46 businesses had benefited from various tax advantages and duty waiver programs, while 186 businesses’ requests were still being processed. These were […]

Oil Theft: Nigeria loses $150m every two days
Oil and Gas

FG loses N32bn to oil terminals shutdown daily

A recent report has revealed that Nigeria loses as much as N32 billion daily as a result of the shutdown of three crude oil export terminals. The PUNCH reported that the government closed a combined capacity of 580, 000 barrels per day from the three terminals. A breakdown of the losses revealed that a total […]

Lebanese rob five banks one day over frozen savings
News

Lebanese rob five banks one day over frozen savings

Five Lebanese banks were stormed Friday by depositors seeking to unlock frozen savings, the latest in a string of such “heists” that have garnered wide public support in the crisis-hit country. Lebanon has been mired in an economic crisis for more than two years since the value of its currency began plummeting and banks started imposing […]

Nigeria Air: FG warns against fake recruitment website
Aviation

Nigeria Air: FG names Ethiopian Airlines technical partner

Federal Government has selected Ethiopian Airlines as its technical partner and core investor for the establishment of Nigeria Air. According to ThisDay, the Ministry of Aviation disclosed the development to newshounds on Friday. Choosing Ethiopian Airlines will put to an end, several months of speculations about who become the technical partner and core investor in […]

Nigeria, Morocco commence 5,600km gas pipeline project
Oil and Gas

Nigeria, Morocco commence 5,600km gas pipeline project

Nigeria and Morocco have formally commenced the construction of the long-awaited 5,600km Nigeria-Morocco Gas Pipeline project. A Memorandum of Understanding was signed to that effect by the Nigerian National Petroleum Company Limited and the Office National des Hydrocarbures et des Mines of Morocco on Thursday. According to The PUNCH, the NNPC disclosed that the signing […]

FBN Insurance targets 1m customers in one year
Insurance

FBN Insurance targets 1m customers in one year

First Bank of Nigeria Insurance Limited said it will be in increase its policyholders from 400,000 to 1 million in the next one year. According to Vanguard, FBNInsurance Managing Director, Mr. Tunde Mimiko said this at a press conference. He disclosed, “This is not about promises, we have the personnel to achieve this. We are […]

World Bank punishes Nigerian firms, individuals for corruption
Economy

Prepare for recession, World bank warns CBN

The World Bank on Thursday issued a warning to the Central Bank of Nigeria and other central bank across the world that they should prepare for a recession following reoccurring increase of interest rates. It would be recalled that the CBN during its last Monetary Policy Committee meeting in July in Abuja increased the benchmark […]

New naira'll make ransom payment difficult - CBN
Economy

CBN responsible for export exchange rate – NCS

The Nigeria Customs Service said the Central Bank of Nigeria is responsible for the exchange rate increase on imported goods. According to the Nation, NCS said this in a statement yesterday by it’s Public Relations Officer, Timi Bomodi saying it is only the CBN that has the power to do so. The statement reads, “The […]

Shell CEO Ben van Beurden to resign 2023
Oil and Gas

Shell CEO Ben van Beurden to resign 2023

Shell announced that CEO Ben van Beurden will step down at the end of the year after nearly a decade of holding the position. According to Reuters, Wael Sawan will become its next chief executive on Jan. 1. This is coming following a report that Shell had been actively looking for a successor to replace […]

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