archiveSeptember 13, 2016

Arik Air, Nigeria's largest airline, cancelled all of its flights on Tuesday in what it called a temporary disruption related to insurance renewal, it said in a statement on Tuesday. The company said the disruption was likely to continue for the next few days as it awaited approve from national...

Nigerian Communications Commission (NCC) said it has discovered 41 fake and unlicensed service providers operating in the country’s telecommunications landscape. In its 2016 Q1 Compliance Monitoring and Enforcement Reports, the commission said in Lagos that there was compliance monitoring regarding the engagement of unlicensed service provider, providing internet/data access in...

Afrinvest (West Africa) Limited,  a wealth advisory firm, is set to unveil the 2016 edition of its annual Nigerian Banking Sector Report on Wednesday, 21st September, 2016 in Lagos.. Managing Director of Afrinvest Mr. Ike Chioke, revealed that this year’s report, which is the 11th edition since its inception in...

Arik Air has reportedly cancelled its September 12 flight to Nigeria without telling the passengers the reasons behind surrounding such unilateral decision. Passengers who're yet to board the aircraft got the rudest shock of their lives when the cancellation was officially announced around 9.48pm Tuesday night (Sept 12). There was...

President Muhammadu Buhari has promised that those who abused public trust will face justice, in addition to returning their stolen assets to the nation. He, however, assured patriotic Nigerians that they have nothing to fear in the fight against corruption as his administration would ensure justice and fairness to all....

The Managing Director/Chief Executive Officer, FBNInsurance Limited, Mr Val Ojumah, has identified business opportunities for insurance in the non-oil sector in the light of current economic downturn largely brought about by crashing oil prices. Speaking at the opening session of the professional forum of the Chartered Insurance Institute of Nigeria...

The Access Bank UK Limited, a wholly-owned subsidiary of Access Bank Plc, a Nigerian Stock Exchange-listed company, expects to see strong growth in its trade finance business linking the Middle East region with Nigeria and other Sub-Saharan markets, Jamie Simmonds, CEO at The Access Bank UK told Gulf News in...

The International Energy Agency said demand growth for oil was slowing while supply was rising and looks set to go on at least six months longer than previously thought. The agency said demand growth for oil was slowing while supply was rising and looks set to go on at least...

Zenith Bank Plc and First Bank of Nigeria (FBN) Holdings Plc have stronger liquidity ratio required by Central Bank of Nigeria (CBN) to absorb a reasonable shock from customers’ emergency withdrawal. Liquidity ratios are a class of financial metrics used to determine a bank’s ability to pay off its short-term...

Foreign airlines flying to Nigeria have started to refuel abroad to bypass pricey and increasingly scarce, jet fuel as the country battles a hard currency shortage that has made fuel available only at a very high price. According to Reuters report monitored by Business247 News Online, “It is the second...