Written by Jaiz, Taj, Lotus Bank Recapitalisation to Drive Islamic Finance Growth The decision to double capital base of Nigeria Islamic lenders: Jaiz bank plc, Taj Bank and Lotus Bank Limited are expected to support industry growth in the coming years, according to Fitch Ratings note. The global rating agency expects the Islamic finance sector in Nigeria […]
NDLEA Arrests Nigerien With Illicit Drugs The National Drug Law Enforcement Agency (NDLEA), has arrested a 32-year-old Nigerien, Hassan Mummuni, with 4,000 pills of diazepam and 1.250kg Cannabis Sativa(Indian Hemp). A statement by NDLEA spokesperson Femi Babafemi on Sunday in Abuja stated that the suspect was nabbed along the Lalgo-Birnin Kebbi road, Kebbi on Saturday, […]
IATA Partners Emirates, Airbus on CBTA The International Air Transport Association (IATA), Emirates, and Airbus have joined forces to deliver a Competency-Based Training and Assessment (CBTA) programme for the Airbus A350 type rating. Mr Nick Careen, IATA’s SVP for Operations, Safety and Security, disclosed this in a statement on Tuesday. Careen said that this was […]
Alpha Mead Registers N5bn Commercial Paper Programme on FMDQ Alpha Mead Facilities & Management Services Limited has registered N5 billion commercial paper programme on FMDQ platform, according to an official statement. According to the notice, the registration of this the company commercial paper programme, sponsored by Pathway Advisors Limited, allows Alpha Mead Facilities to efficiently […]
UBA Plc. Pays Shareholders N95.8 Billion as Dividend for FY2023 Shareholders of Africa’s Global Bank, United Bank for Africa (UBA) Plc, have praised the board, management and staff of the Bank on the impressive performance recorded over the past years and especially in 2023, culminating in the payout of N78.7bn as final dividend for the […]
Kerosene Price Increases 6.3% in April, Says NBS The National Bureau of Statistics (NBS), says the average retail price of a litre of kerosene increased from N1,354.40 recorded in March 2024, up by about 6.3%, to N1,439.64 in April 2024. The Bureau said this in its Kerosene Price Watch for April 2024, released in Abuja […]
Tinubu Assures Chinese Executives Safety of Investments President Bola Tinubu says Nigeria is a safe hub for investments and that his administration will provide the needed support to ensure that businesses thrive in the country. Tinubu gave the assurance when he received a delegation led by the Chairman of the China Railway Construction Corporation (CRCC), […]
Emirates to Resume Lagos-Dubai Flights October 1 amidst Visa Ban Amidst visa ban, Emirates Airlines says it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai. In an official statement released on Thursday, the airline, with its hub in the United Arab Emirates (UAE), said flight services […]
Fitch Revises Egypt’s Outlook to Positive as ‘Macros’ Improve Fitch Ratings has revised the Outlook on Egypt’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to Positive from Stable, and affirmed the IDR at ‘B-‘. According to the rating note, the sovereign near-term external financing risks have markedly reduced due to the Ras El-Hekma deal with […]
The Nigerian Postal Service (NIPOST) has clamped down on unlicensed courier operators in Kaduna. Many offices of the affected courier, express services delivery, dispatch services, and logistics services were sealed by NIPOST during an enforcement exercise led by the General Manager of the Courier and Logistics Regulatory Department (CLRD), Mr. Shonde Dotun. Speaking after the […]