Leadway Assurance has signed a Memorandum of Understanding with the Federal Civil Service Staff of Nigeria Cooperative Society Union to provide over 300,000 civil servants with affordable bespoke insurance coverage. The insurer disclosed in a statement that the MoU between it and one of Africa’s largest umbrella bodies of the cooperative societies covers Ministries, Departments,…
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa Plc, said it has commenced the 2022 edition of its ‘National Essay Competition’ in Nigeria with a call for entries. A statement said the competition is part of UBA Foundation’s education initiative aimed at promoting literacy, and encouraging healthy and intellectual competition…
President Muhammadu Buhari, Vice President Yemi Osinbajo, Governor Babajide Sanwo-Olu of Lagos State, Mrs Zainab Ahmed, the Minister of Finance are among the top dignitaries billed to attend the 15th Annual Banking and Finance Conference organized by the Chartered Institute of Bankers of Nigeria (CIBN). The two-day Conference scheduled to hold at theTranscorp Hilton Hotel,…
The World Bank Group President, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for the poor and vulnerable. He also stressed the need for a unified exchange rate in Nigeria, which would significantly improve the business-enabling environment in Nigeria, attract foreign…
The Lagos chamber of commerce and industry has said that without concrete and quick steps to stem the rising inflation, in Nigeria, it may continue into the end of the year. A statement signed by LCCI Director-General, Chinyere Almona, said a major worry was that the inflation scourge was constraining production, causing job losses, and…
ccess Bank Plc has received the commendation of the Central Bank of Nigeria for its commitment on sustainable banking principles. The CBN gave the commendation at a programme in Abuja which it jointly hosted with the European Organisation for Sustainable Development. The programme, organised for seniors executives of Deposit Money Banks, was targeted at creating…
The Nigerian National Petroleum Company (NNPC) Limited says it deducted N448.78 billion in July to cater for subsidy payments. The company said in its monthly presentation to the federation account allocation committee (FAAC) meeting on August 24th, 2022. The figures showed that the country has paid N2.04 trillion to offset subsidy payments in the 7-month…
Hundreds of Lufthansa flights have been cancelled as pilots stage a one-day strike to press their demands for better pay and conditions at Germany’s biggest carrier. The airline said about 800 flights were grounded at its two biggest hubs, Frankfurt and Munich, on Friday due to the walkout. More than 100,000 passengers would be affected,…
Mannir Takubu, Katsina deputy governor, says the federal government has released N6.25 billion for the establishment of cattle ranches in LGAs affected by banditry in the state. Yakubu, who is also the commissioner for agriculture and rural development, spoke during the ranch stakeholders development meeting in Katsina, on Monday. According to NAN, he said the…
