President Buhari reconstitutes NNPC Board. President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC). This President made the call after the expiration of the term of the board members appointed in 2016.
Air Peace lifts off 301 Chinese from Nigeria. Air Peace has airlifted 301 Chinese from the Murtala Muhammed International Airport (MMIA), Lagos to Guangzhou Baiyun International Airport.
FirstBank rolls out virtual accounts opening for customers. FirstBank of Nigeria Limited has rolls out simplified online accounts openings for customers. The lender has effectively put in place measures to enable customers open accounts through their mobile phones, without visiting its banking halls.
Adesina: No nation has veto power on AfDB – African leaders. No fewer than 15 former African Presidents on Friday rallied support for President of African Development Bank (AfDB), Dr. Akinwumi Adesina, lauding him for taken the bank to amiable heights.
NSE drifts south on account of profit taking in banking stocks. The Nigerian Stock Exchange halted successive bullish trend on Thursday on account of profit taking in banking stocks.
AfDB’s Board of Governors deny asking Adesina to step down for probe The Bureau of the Boards of Governors of the African Development Bank (AfDB) on Thursday denied asking the bank’s President, Dr. Akinwumi Adesina to step down for any probe. The Chairman of the bureau, Niale Kaba in a statement...
AIICO Grows Insurance Premium to ₦17.6bn, Rolls Out Digital Channels. AIICO Insurance Plc has bolstered its insurance premium by 23% to ₦17.6 billion in the first quarter of financial year 2020. The growth in insurance premium written in the first quarter came amidst global economic disruptions.
Monetary Policy Committee cuts benchmark interest rate to 12.5%. Against investment banking analysts’ expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Thursday cut the policy rate from 13.5% to 12.5%.
Africa’s COVID-19 cases hit 123,000 – WHO. The World Health Organisation (WHO) on Thursday reported that COVID-19 cases in Africa as at May 26 had risen to over 123, 000.
AMCON Seeks Bailout for Aviation, says it has injected ₦50bn. Asset Management Corporation of Nigeria (AMCON) seeks bailout for Aviation sector, said it has injected around ₦50 billion solely to stabilize airline operations in the country between 2012 and 2020.