Construction of agro-cargo airports by Nigerian states is misplaced priority – Finchglow GMD
Key Highlights Agro-cargo airports are being constructed by State governments in Nigeria, but some experts believe that this is a misplacement of priorities since important basic amenities are lacking in…
Nigerian bank workers’ involvement in fraud rises by 250% in Q3 2022 —Report
Key highlights A total of 112 bank staff were involved in fraud between July and September last year, surpassing 32 recorded in the same period in 2021. Out of the…
Naira Scarcity: Kingsley Moghalu says cashless policy was not introduced to ‘abolish cash transactions’
Key highlights Moghalu said CBN introduced the cashless policy a decade ago and the purpose was to encourage digital and electronic payments for increased efficiency. He also noted that he…
Uk court finds former deputy senate president guilty of Organ trafficking
<!– Uk court finds former deputy senate president guilty of Organ trafficking – Nairametrics <!– new comment –> <!– Dot audience –> A United Kingdom Court has convicted Ike Ekweremadu,…
Gainers and losers of CBN’s cash swap, naira redesign policy
Key highlights The cash crunch could cost Nigeria’s economy to the tune of $20 million. The CBN policy has had mixed effects on Nigerians in the past three months. Supermarkets,…
Seplat Energy Plc terminates consultancy agreement with its former Chairman Dr. A.B.C Orjiako
Key highlights Seplat Energy said it terminated the agreement agreement due to repeated breaches of a material nature, such as making significant commitments on behalf of the company without board…
UK Set To Launch New Visa Route For International Entrepreneurs
Key highlights The startup and innovator visa will be merged to become the Innovator Founder route The new visa route will also eliminate the requirement for founders to have £50,000…
Rising inflation beyond what conventional monetary policy tools can fight – Chukwu
KEY HIGHLIGHTS The inflation we are witnessing today is structural in nature and is largely driven by food inflation. Banks are presently enjoying some level of tale-wind effects despite the…
BREAKING: International Airlines adjust exchange rate to N551/$1
Key highlights International airline operators in Nigeria have adjusted their exchange rate to N551/$1 from N460/$1 The adjustment is on their Global Distribution System (GDS), which is a primary reservation…
How Nigeria adopted modular solutions to address its gas financing problems in the short term
Key highlights This report highlights small and modular solutions as one-way African countries can still explore natural gas. Nigeria has been identified as being able to use modular solutions to…