Airline operators face jailterm for non-remittance of sales charge
The Nigeria Civil Aviation Authority has revealed that airline operators in the country now risk two-year imprisonment, N5 million fine, or both penalties over failure to remit statutory Ticket…
AfDB president Akinwumi Adesina loses mum
The President of African Development Bank, Dr. Akinwumi Adesina, has lost his mother, Eunice Adesina. The Guardian reported that the matriarch of the Adesina family died on Thursday, December.…
Group supports West African SMEs with $100m
The African Guarantee Fund Group, through its subsidiary AGF West Africa, and the Orabank Group, have concluded a portfolio guarantee agreement for a 60bn FCFA worth $100m, aimed at supporting…
CBN reveals overall benefit of cash withdrawal limit
The Central Bank of Nigeria has stated that the cash withdrawal limit is not anti-people. According to The PUNCH, this was stated by the Deputy Governor, Financial System Stability, CBN,…
Analyst predicts 2023 challenges for Netflix
Industry analyst have predicted that streaming platform, Netflix's investors will have plenty to worry for in 2023 despite it's 65 percent stock increase since July. According to Wall Street…
Buhari names BOI’s executive directors
The President, Major General Muhammadu Buhari (ret.) has given his approval for Mallam Shekarau Omar to serve a second term as Executive Director Small and Medium Enterprises. Omar will now…
Stanbic IBTC adopts Gombe community school
Standard Bank group, Stanbic IBTC Holdings, has explained reasons for adopting Kurba Community Primary School in Yamaltu Deba Local Government Area of Gombe State. The Chief Executive of the…
Honeywell begins enrollment for talent development program
Honeywell Group has called on members of the public, entrepreneurs and tech enthusiasts to take part in its fifth talent development program slated for early next year to help salvage…
Why Nigeria’s foreign reserves lost $2.2bn – CBN
The Central Bank of Nigeria has explained reasons why Nigeria’s foreign reserves lost $2.22 billion in a sustained demand pressure in the foreign exchange market. In its Financial Stability…
Nigeria’s biovaccine company to begin production before Q2 2023
Biovaccines Nigeria Limited, a joint venture between the Federal Government of Nigeria and May & Baker Nigeria Plc, is set to commence the production of vaccines before the second quarter…
Yuletide: MTN, Airtel, others to earn big on increased call, data
Telecommunications operators in Nigeria are expected to earn more revenue as a result of a projected rise in calls and data usage this festive period. According to Nairametrics, the…
CBN bows to pressure, increases weekly withdrawal limit
The Central Bank of Nigeria has raised the weekly maximum limit for cash withdrawals by individuals and corporate entities through all channels to N500,000 and N5,000,000, respectively. In a letter…
