Nigerian Payment Firms To Generate $1.19bn From Remittances
Nigerian banks, fintech companies and mobile money operators are likely to earn $1.19bn from remittances this year, according to estimates made by PricewaterhouseCoopers.
The global consulting firm had predicted that remittances by Nigerians in the Diaspora could grow...
Buhari Approves N600bn Intervention Fund For Power Sector
The power sector is going to get another intervention of N600bn from the Federal Government very soon.
President Muhammad Buhari has signed for the release of the funds; it was gathered on Wednesday in Abuja.
The Market Operator, Transmission...
By 2050, Global Investments In Renewables To Hit $13.3trn
A new report, produced by Bloomberg NEF (BNEF), has said global investments in renewable energy generation will hit at least $13.3 trillion by 2050.
Indeed, in the next 31 years, almost half of the world’s electricity could...
Banks Suffer N100bn Bad Loans In Power Sector
A total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as non-performing, the latest data from the National Bureau of Statistics have shown.
The power and energy sector, out of 22 sectors/business...
Recapitalisation: Consolidated Hallmark Demand N3.9bn Capital Rise
Consolidated Hallmark Insurance has revealed plans to raise its capital base from N6.1bn to N10bn in line with the National Insurance Commission directive on recapitalisation.
NAICOM recently increased the minimum paid-up share capital of all classes of insurers, insurance...
Nigeria Spent N40trn On Food Imports In 21yrs - NBS
National Bureau of Statistics Data have shown that Nigeria spent over N40trn on food imports in 21 years to meet domestic consumption. Data from the National Bureau of Statistics (NBS) and Central Bank of Nigeria...
