BUSINESS

141 domestic airlines have gone into extinction in 17 years

The Nigerian Civil Aviation Authority (NCAA) says from 150 airlines in its register when it started operating in 2000, only eight or nine airlines are operating in the country as of now. Sam Adurogboye, NCAA’s general manager, public relations, said ...

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GTBank Gets Triple Honors at Euromoney Private Banking Awards

Foremost African financial institution; Guaranty Trust Bank plc, reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Private Banking Services, Best Commercial Banking Capabilities & Best Net-worth Specific Services in Africa’ during the 2017 ...

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Presidency, NASS move to improve business environment

Presidential Enabling Business Environment Council (PEBEC) chaired by Acting President Yemi Osinbajo, SAN has approved a 60-day national action plan to push through short term reforms. The Acting President, who addressed journalists after the Council’s meeting  at the State House, ...

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Naira gains, as new forex policy takes effect

The naira moved to 515 per dollar on Tuesday, following the introduction of new policy actions by the Central Bank of Nigeria (CBN). The naira, which was trading at 520 to the dollar on Monday, after falling from 510 the ...

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CBN’s new FOREX guideline gives you $16,000 PTA per year, $15,000 per semester

The Central Bank of Nigeria (CBN) says every Nigerian, 18 years or older, is entitled to $4,000 per quarter of $16,000 per year for personal travel allowance (PTA) under the guidelines for the adjusted foreign exchange policy. On Monday, CBN ...

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CBN provides banks with forex for school fees, medical payments

As part of efforts to alleviate the hardship experienced by Nigerians in need of forex for school fees, traveling allowance and medical treatment, the Central Bank of Nigeria (CBN) has provided additional forex to financial institutions across the country. Isaac ...

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Goodie Ibru resigns position as Chairman of Ikeja Hotels

Goodie Ibru has resigned as chairman of Ikeja Hotels Plc. His resignation came barely two months after a judge in Abuja backed up his claim as the chairman of the hotel group, amidst a rancorous  family dispute, involving Maiden Ibru, ...

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REDTV Extends Presence to Francophone Africa, Premiers Boutique Hotel

REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal,launched its Francophone version on Thursday. The fun-filled event, supported by  the United Bank for Africa (Plc), was held at the Azalaï Hotel in Abidjan Cote d’Ivoire.  It ...

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NIGERIA – inflation rate hits 18.72 % in January

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), which measures inflation increased by 18.72 per cent (year-on-year) in January from 18.55 per cent recorded in December, 2016. The CPI, which measures the average change over time in ...

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UBA Wins Most Innovative Bank of the Year

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another award to its growing list of laurels as it emerged Most Innovative Bank of the Year at the Independent Newspapers Awards The award ...

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