Boeing International Corporation says it is ready to assist airlines in Nigeria in accessing adequate aircraft insurance coverage through partnership with buoyant lessors and global financiers. Mr Moore Ibekwe, Boeing Sales Director, Africa Region Commercial Airlines, disclosed this in Dublin, Ireland during the startoff meeting of the “Boeing Lessor Forum“ scheduled to hold from Jan….
Egypt is stepping up diplomatic engagement with African nations as it seeks to bolster security in the strategically vital Horn of Africa and Red Sea region. Ongoing conflicts in the region have sharply cut into Egypt’s crucial Suez Canal revenues. The diplomatic effort comes as Egypt grapples with a 60 per cent drop in canal…
Sao Tome and Principe’s President Carlos Vila Nova issued a presidential decree on Sunday appointing Americo D’Oliveira dos Ramos as the country’s new prime minister. Before the appointment, Americo Ramos served as the governor of the country’s central bank. This decision followed the resignation of former Prime Minister Ilza Amado Vaz, who submitted her resignation…
Director-General of Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has arrived in China, as part of commitments to strengthening the bilateral trade between the two countries. Tegbe, in a statement made available to the News Agency of Nigeria (NAN) on Sunday in Abuja, described the business trip as a significant step to furthering the comprehensive strategic…
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened three pips to 7.1879 against the on dollar Tuesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
Gov Sheriff Oborevwori of Delta has activated the state chapters for indigenes living in Some African and Asian countries to engage them in the policies and programmes of his administration. Dr Favour Obakoro, the State Ambassador, Senior Special Assistant on Morals and Diaspora to the Governor, disclosed this at a press conference on Tuesday in…
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1876 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
Gov Nasir Idris of Kebbi has approved the release of N585.4 million for payment of tuition fees for 100 students studying in different Indian universities. The Commissioner for Higher Education, Alhaji Isah Abubakar-Tunga, made this known at a news conference on Monday in Birnin Kebbi. He said that the payment is for Kebbi indigenes studying…
Bankit Microfinance Bank has unveiled its web banking platform to provide customers with additional digital channel to manage and carry out uninterrupted daily transactions on their phones, laptops and other devices. Yen Choi, Chief Executive Officer, Bankit Africa, in a statement on Tuesday said with the innovative solution, the bank was redefining convenience and security…
The World Bank has raised Nigeria’s target for National Identification Numbers (NIN) issuance under the Digital Identity for Development (ID4D) project from 148 million to 180 million, reflecting confidence in the country’s progress despite earlier setbacks. The ID4D project, launched in February 2020 with a $430 million budget, aims to establish an inclusive digital identity…
