Electricity subsidy gulps N30bn per month, says FG

The amount spent on subsidising electricity every month in Nigeria is now about N30bn, the Federal Government has said. It disclosed that the government’s subsidy on electricity had been reduced…

Nigeria risks losing $34bn in annual export earnings – Report

A new study by Standard Chartered has said Nigeria risks losing $34.3bn in annual export earnings if it does not cut carbon emissions in line with the net-zero plans of…

CBN digital currency’ll deepen financial inclusion, says FDC

Analysts at Financial Derivatives Company Limited, led by financial expert Bismarck Rewane, have said the planned introduction of a digital currency will deepen financial inclusion in the country. They said…

Beans, garri prices drove annual food inflation — NBS

The prices of beans and garri drove annual food inflation in May, the National Bureau of Statistic has said in a new report. The ‘Selected food prices watch for May…

Senate plans talks with CBN on offshore banking licence

The Senate Committee on Trade, Industry and Investment has promised to ensure that the Central Bank of Nigeria grants the permit for the establishment of offshore banks to free trade…

Coronation Insurance pays N3.2bn claims

Coronation Insurance Plc said the group paid net claims of N3.21bn to its policy holders in 2020 financial period. According to its financial report to the Nigerian Stock Exchange and…

FRSC partners NAICOM, NHIS on compulsory motor, health insurance

The National Insurance Commission has sought the support of the National Health Insurance Scheme and the Federal Road Safety Corps on implementation of some of the compulsory insurance policies in…

Recapitalisation: Insurance industry assets rise to N2.02tn

Insurance companies’ gross written premium rose to N520bn as of the end of 2020, while their assets hit N2.02tn as the sector undergoes recapitalisation, NIKE POPOOLA reports The Nigerian insurance…

NEPC EXECUTIVE EXPLAINS WHY South East businesses are not accessing federal government’s funds

The Assistant Director of Nigerian Export Promotion Council (NEPC), Abuja, Peter Njoku explains the reason why businesses in the South East do not access federal government funds. Njoku stated this,…

“Don’t Be Offended When People You Know Don’t Support Your Business” – Kiki Osinbajo Tells Business Owners

Kiki Osinbajo, the daughter of Vice-President, Yemi Osinbajo and entrepreneur has advised business owners not to be upset when friends don’t support their business. The Vice President’s daughter stated this…