Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Nigerians react to FG’s move to takeover accounts without BVN
Some residents of the Federal Capital Territory (FCT) have expressed disparate views over the order of interim forfeiture made by Justice Nnamdi Dimgba of the Federal High Court, Abuja directing that 46 million bank accounts not covered by the Biometric Verification Number (BVN) but domiciled in 19 Banks be taken over by the federal government
Air Peace issues customers, agents 1,000 free tickets, gifts at 3
Nigeria’s leading airline, Air Peace has issued over 1,000 free tickets, television sets, fridges and other gift items to its loyal customers and agents to mark its third anniversary.
Africa’s reinsurers’ premium may hit record high in 2018
STRONG indications have emerged that the growth of the Africa’s Reinsurance Market may hit record high in 2018.
Transfer of unclaimed dividend to Trust Fund not acceptable — Igbrude
Unclaimed dividend is the property of retail shareholders and becomes the property of the company that paid it after 12 years period that the shareholders could not claim it as stipulated by law.
Nigeria, African markets remain business haven to foreign reinsurers
Despite the headwinds of currency volatility and inflationary strains in Nigeria and other countries in the continent’s insurance business, foreign reinsurers are falling over themselves to get business from the African markets.
