Tochukwu Chukwu
- Business , News , Politics
- December 28, 2020
- 235 views
Airlines will pay $3,500/passenger for COVID-19 guidelines’ violators
The Nigerian Civil Aviation Authority has vowed to fine airlines $3,500 for each passenger that refuses to adhere to the new travel protocols announced by the Presidential Task Force on…
- Business , News
- December 28, 2020
- 191 views
14 insurers to pay N9.7bn #EndSARS riot claims
A total of 1,036 individuals and corporates that recorded losses during the recent #EndSARS protests across the country have lodged claims through 14 insurance companies; 667 of the claimants are…
- Business , News , Politics
- December 27, 2020
- 198 views
Economic crisis: Naira to fall further in January, says CBN report
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira…
- Business , News , Politics
- December 25, 2020
- 220 views
Discos assure consumers of stable power supply
Two of the nation’s power distribution companies, Ibadan Electricity Distribution Company and Eko Electricity Distribution Company, have assured customers of stable supply during this festive season. The Discos gave the…
- Business , News
- December 25, 2020
- 203 views
CBN revokes licences of seven payment services providers
The Central Bank of Nigeria has revoked the operating licences of seven payment services providers. The CBN disclosed this on Thursday on a report titled ‘Revocation of operating licences of…
- Business , News
- December 24, 2020
- 217 views
Telcos begin backend integration into NIMC database
THE MOBILE NETWORK OPERATORS IN NIGERIA HAVE STARTED THE PROCESS OF BACKEND INTEGRATION WITH NIMC’S DATABASE TO FACILITATE THE VALIDATION AND VERIFICATION OF DIGITAL IDENTITIES AS WELL AS THE ENROLMENT…
- Business , News
- December 24, 2020
- 266 views
Low production pushes up cement price by 35%
The inability to meet market demand for cement coupled with low production volume by major cement companies in Nigeria have driven prices up by 35 per cent. An investigation by…
- Business , News
- December 24, 2020
- 231 views
Banks borrow N1.7tn from CBN in three months
Deposit Money Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The CBN disclosed this in its third quarter economic report. Part of the…
- Business , News , Politics
- December 21, 2020
- 218 views
Food prices rising, household incomes precarious – NBS
The prices of most food items increased in November this year, while the incomes for many households are still in precarious situations, the National Bureau of Statistics has said. In…
- Business , News , Politics
- December 21, 2020
- 237 views
CBN revokes 42 microfinance banks’ operating licences
The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. The Nigeria Deposit Insurance Corporation disclosed this on Friday in an announcement on…
