Archives for February, 2021 - Page 8
Why Cryptocurrency Transactions’ Ban In Nigeria Is Justified … CBN
By Ngozi Onyeakusi----- Central Bank of Nigeria (CBN), at the weekend highlighted negative implications of cryptocurrencies thus justifying reasons for restricting Deposit Money Banks and other institutions from…
What’s the big deal about cryptocurrency?
By Obadiah Mailafia A new Central Bank of Nigeria directive, dated February 5, 2021, has ordered all deposit money banks, non-bank financial institutions and…
MMA2 floats in x-ray machines worth $500, 000
*MMA2 Terminal By Ngozi Onyeakusi-------The Murtala Muhammed Airport Terminal 2, (MMA2) operated by Bi-Courtney Aviation Services Ltd (BASL), has imported x-ray machines worth over $500, 000 to enhance…
FIRSTBANK EMPOWERS FIRSTMONIE AGENTS WITH UP TO 1 MILLION NAIRA
By Ngozi Onyeakusi------ furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents Nigeria’s leading financial inclusion services provider, First Bank of…
Commercial insurance prices up 22% in Q4: Marsh
By Matt Sheehan --------New data from broker Marsh shows that global commercial insurance prices increased by 22% in the fourth quarter of 2020. The increase was the largest…
SOVEREIGN TRUST INSURANCE COMMITS TO CLAIMS PAYMENT, PAYS N2.9B IN 2020
By Ngozi Onyeakusi ----- Sovereign Trust Insurance Plc has continued to affirm its commitment and capacity to obligate all genuine claims as and when due. The company, in…
NUJ FCT calls for immediate release of kidnapped Punch reporter
The Nigeria Union of Journalists (NUJ), FCT Council, has called for the immediate release of Okechukwu Nnodim, a correspondent with the Punch Newspapers. Nnodim was allegedly kidnapped…
FBN HOLDINGS ANNOUNCES NEW BOARD APPOINTMENTS
FBN Holdings PLC (“FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes…
Sunu Assurance Posts N4.2bn Gross Premium in 2020
By Ngozi Onyeakusi ------ Sunu Assurances Nigeria Plc, formerly Equity Assurance Plc., one of the foremost underwriting firms in the country has released its interim financial statements for the…
Nigeria commences national business sample survey
By Ngozi Onyeakusi------ The National Bureau of Statistics (NBS) has commenced the National Business Sample Survey (NBSS), a component of National Business Sample Census (NBSC). The NBS’s Head, Public…