The Chief Executive Officer of Enterprise Life Nigeria, Funmilayo Omo, has said modernising the legacy insurance processes in the country was cost-intensive but essential to boosting penetration. Omo said …
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Nigeria expenditure on fuel importation in Q1|24 increases to N4.39tr – NBS
By: Babajide Okeowo Nigeria’s expenses on motor spirits (also known as fuel) and lubricants (processed) soared to N4.39 trillion in the first quarter of 2024. According to the breakdown, N2.6 …
Read More »France, Spain, Netherlands top export destinations as trade surplus hits N6.5trn in Q1|24-NBS
Babajide Okeowo France, Spain, The Netherlands, India, and the United States have emerged as the top five export destinations for Nigeria in the first quarter of 2024, fresh data released …
Read More »Nigeria’s FX reserve rises to $32.8bn after 10-week slump
After a 10-week dip of $1.8bn, Nigeria’s foreign exchange reserve has shown a steady increase over the past six days, indicating a recovery process for the economy’s external reserve. …
Read More »Nigeria’s GDP per capita to hit $1,120.67 by 2029 – IMF
Nigeria’s Gross Domestic Product per capita is expected to reach $1,120.67 by 2029, according to the International Monetary Fund. The IMF data analysed by The PUNCH revealed a fluctuating …
Read More »Heritage: CBN supervision in financial sector’s best interest, say bank directors
The Bank Directors’ Association of Nigeria has expressed confidence that the decision of the Central Bank of Nigeria to revoke the licence of Heritage Bank was in the best …
Read More »Govt to enforce miners’ insurance policy – Alake
The Minister of Solid Minerals Development, Dele Alake, has reaffirmed the Federal Government’s commitment to enforcing insurance policy for mine workers in the country. According to a statement issued …
Read More »FG issues 95 licences to boost electricity generation by 989MW
The Federal Government issued 95 licences, permits and registration certificates for the generation of 989.42 megawatts of electricity in 2023 as part of measures to shore up Nigeria’s power …
Read More »Airlines struggle to clear backlog after strike
Nigerian airlines are grappling with operational challenges as they work to accommodate passengers and clear the backlog caused by the strike embarked on by the Nigeria Labour Congress and …
Read More »How digital kiosks can curb urban migration – NIGCOMSAT boss
Managing Director and Chief Executive Officer of Nigeria Communication Satellite, Jane Egerton-Idehen, shares with DANIEL ADAJI the ongoing efforts at providing internet service to rural Nigerians Could you elaborate …
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