Business news
Fidelia Okafor The Nigerian Civil Aviation Authority (NCAA) has declared the Kaduna International Airport, Kaduna, fit and ready for 24 hours local and international operations. An online statement by the General Manager, Public Relations, Mr Sam Adurogboye stated that all the necessary steps to ensure that the status of the Airport as an Alternate Airport […]
Fidelia Okafor Dana Air has started scheduled flights to the Kaduna International Airport following the closure of the Nnamdi Azikiwe International Airport, Abuja for the repair of its runway. The airline said yesterday that it will operate four daily flights from Lagos to Kaduna and one flight each from Uyo and Port Harcourt. “We will […]
Fidelia Okafor The Director General, Standards Organisation of Nigeria, SON, Mr. Osita Aboloma had said that SON is poised to reposition its workforce, processes and activities for optimal performance. He stated this in Lagos while welcoming participants to the on-going 2017 Management Retreat of the Organisation with the theme “Repositioning for Optimal Performance in a […]
National Insurance Commission (NAICOM) has donated N10million to the Federal Polytechnic Offa, Kwara State to boost the institution’s ICT Centre and a grant of N5.4m for the purchase of insurance textbooks for insurance education. The Commission’s donation is to propagate insurance education and help the sector deepen insurance reach in tertiary institutions in the country. […]
Amaka Obiefuna FBN Insurance Limited, an FBNHoldings company associated with the Sanlam Group SA, says it is taking insurance to the nooks and crannies of the country. Val Ojumah, the Managing Director of FBNInsurance Limited, who revealed this assured of the firm’s willingness to go the extra mile in providing affordable and responsive insurance to […]
Amaka Obiefuna Nigeria’s Central Bank has undertaken another round of retail interventions in the interbank foreign exchange market providing a total sum of $367,134,329.93 to meet requests of customers. The sum of $144,073,753.07 was for 45 days forwards, while $223,060,576.86 was for 60 days. Acting Director in charge of Corporate Communications, CBN, Isaac Okorafor, who […]
Winifred Bosa. Health Reform Foundation of Nigeria (HEFRON) and the Partnership for Advocacy in Child and Family Health ( PACFaH) , have called for appropriate allocation, prompt release and value for money utilization of health sector budget by the government. The groups also charged health journalists under the auspices of Health Writers Association of Nigeria […]
Amaka Obiefuna Nigeria’s apex bank, the CBN has recently mandated banks to henceforth ensure that all applications for Basic/Personal Travel Allowance (BTA/PTA) are processed within 24 hours, while Medical and tuitions should be concluded within 48 hours of such applications. In another development the CBN further directed banks to open foreign exchange outlets in all […]
Nigeria’s apex bank, the CBN has recently revealed that the implementation of the Financial System Strategy (FSS) 2020 has prompted the Nigerian insurance gap to reduce from 94 per cent gap in 2007 to 40 per cent as at the end of 2016 as well as an advanced payment system that is being emulated by […]
Amaka Obiefuna. Nigeria’s oldest underwriting company, Universal Insurance Plc. Has dismissed reports it is battling financial challenges. The Nations Newspapers had reported the challenges, but Universal’s CEO, Ben Ujoatuonu told insurance reports touring the company’s new corporate head office in Lagos that Universal is not in any financial mess as reported by the newspaper. Ujoatuonu […]