Cyber insurance drops by 10% – Report
Alex Omenye Cyber insurance dropped by 10% in June compared with 2022, turning a recent sharp rate rise, broker Howden said on Wednesday in a report. Due to an increase…
FG recovered N58bn from 7,000 debtors – Report
In over 946 ministries, divisions, and organisations across the country, the Federal Government has taken action against its debtors and has so far recovered N58 billion from 7,000 debtors.…
How Nigeria passenger traffic grew 60% in four years – IATA
Nigeria's passenger traffic and seat capacity have significantly increased, reaching levels that are about 60% higher than those seen in 2019. According to the International Air Transport Association, this expansion…
Nestlé Nigeria changes board of directors
Nestlé Nigeria Plc has announced some changes to its board of directors. According to the company announcement, Namit Mishra has been named finance and control director of Nestlé Nigeria Plc,…
Banking sector is economy’s livewire, expert tells Tinubu
A former Managing Director and Chief Executive Officer of Bank of Agriculture Limited, Dr. Mohammed Santuraki, has stated that the banking sector is the live wire of Nigeria's economy. According to The…
Twitter CEO Yaccarino defends Elon Musk’s tweet limit
Alex Omenye Twitter CEO Linda Yaccarino defended the temporary limit on the number of tweets users can read per day on Tuesday in a tweet. The company also reported that…
PayDay co-founder, COO Ogechi Obike steps down
Alex Omenye Ogechi Yvonne Obike, the co-founder and chief operating officer of Payday, has declared her decision to step away from the company. While she did not give a specific…
Nigeria is on the right track, Tinubu tells Bank of America
President Bola Ahmed Tinubu has voiced confidence that his administration is on the right track despite the country's issues, saying Nigeria has no excuse to disappoint the rest of the…
NBS reports 34.1% increase in average passengers’ airfare
The National Bureau of Statistics has reported that within a year, the average fare paid by air travelers for specific routes for a single trip grew by 34.06 percent. This…
Airtel Africa awards top directors £2.3m in shares
Two of Airtel Africa Plc's top directors, Olusegun Ogunsanya and Jaideep Kishore Paul, have received shares worth £2.3 million. According to the company's announcement, the shares were given out in…
Cambodia bans Meta Oversight board
Alex Omenye Days after the 22-member monitoring board recommended suspending Prime Minister Hun Sen's Facebook account due to content violations, Cambodia declared on Tuesday that the group was not wanted…
Subsidy removal, FX unification: We’re on right track – Tinubu
President Bola Tinubu on Tuesday stated that his administration is on the right path in light of its recent economy policies. He stated this while receiving…
