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Insurance, pension operators urged to meet customers’ needs

Operators in the insurance and pension sectors have been urged to provide enhanced services to the customers and quickly resolve their complaints to ensure growth and confidence in the sectors. This statement was made during the sixth Businesstoday conference with the theme, ‘Prioritising excellent customer services in insurance and pension businesses’ in Lagos.’ The Managing […]

Electricity Energy News

Grid collapse: Group demands audit of power sector under Buhari

Civil rights advocacy group, Human Rights Writers Association of Nigeria, on Sunday, said it is disturbing that under the watch of the President, Major General Muhammadu Buhari (retd.), the national power grid is collapsing intermittently even after humongous investments. HURIWA, in a statement by its National Coordinator, Emmanuel Onwubiko, lamented that despite trillions of dollars […]

Electricity News

Blackout as national grid collapse third time in one month

The national electricity grid collapsed again on Friday evening, making it the third time the grid had collapsed within the space of one month. Some power distribution companies confirmed the development in separate messages on Friday evening. The Abuja Electricity Distribution Company stated that the collapse had resulted in power outage in its area of […]

Agribusiness

FG begins dry season wheat harvest, targets 1,000MT

The Federal Government has commenced the harvesting of wheat from its first dry season wheat farm in Papa community, Nafada Local Government Area, Gombe State. It said about 1,000 metric tonnes of wheat would be harvested from the 200 hectares farm in the state to shore up the country’s wheat production and help ameliorate the […]

100% cashless economy possible in Nigeria - Emefiele
Banking

CBN, others partner to close infrastructure deficit, raise $37bn

The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the Infrastructure Corporation of Nigeria is signing an agreement with some public and private sector partners to raise funds to close infrastructure deficit in the country. He spoke during an event on InfraCorp term sheet signing with independent asset managers in Lagos on Friday. The […]

New naira'll make ransom payment difficult - CBN
Banking

Four banks record 477,405 unresolved complaints in 12 months –Reports

Within a period of one year spanning January 1 to December 31, 2020, four top banks in Nigeria recorded a total of 477,405 unresolved customer complaints. The banks are Zenith, Guaranty Trust Bank, United Bank for Africa and Access Bank. The figures were arrived at after analysing the 2020 annual financial reports of the banks. […]

Economy Investment

Ajaokuta steel: Experts fault FG’s plan to engage British firm

Experts in the steel industry have kicked against the Federal Government’s alleged move to engage a British firm in reviving the Ajaokuta Steel Company. Speaking with the News Agency of Nigeria on Friday in Abuja, the stakeholders expressed displeasure against the backdrop of employing a British firm to revive the Ajaokuta steel mill, saying it […]

Investment Real Estate

Canada to ban Nigerians, others from buying homes

Canada is set to ban Nigerians and other foreigners from buying homes for two years as prices of real estate properties soar in the North American country. The measure will help the country provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market, Bloomberg reported Thursday. According […]

Economy

Nigeria has over 80,000 refugees, 3.2 million IDPs -UN

The United Nations High Commissioner for Refugees, the UN agency for refugees, on Wednesday, said over 80,000 refugees and 3.2 million internally displaced persons were in Nigeria and in dire need of help. It said most Nigerians were unaware that the country was hosting over 80,000 refugees, particularly in the southern states, as the bulk […]

Transportation

Air passengers grow by 34% in Nigeria, others — IATA

The International Air Transport Association says air travel in Nigeria and other African countries grew by 34.7 per cent in February. The Geneva-based trade association representing over 230 international/global airlines said Africa posted a strong rebound in February 2022 compared to January 2022 while Omicron-related impacts moderated outside of Asia. It added that the war […]

Telecommunications

SIM-NIN: Deactivated subscribers want three-month extension

A large number of telecommunication subscribers trying to link their National Identification Number and Subscriber Identity Module together were left frustrated on Wednesday as heavy traffic on telecom networks slowed down the process. This is coming after the Federal Government through telecom companies barred Nigerians who had not linked their SIMs and NINs together from […]