Kaspersky Discloses That Nigeria Records Second HiWednesday, June 7, 2023
According to a report by Kaspersky, Nigeria faces the second-highest number of cyberattacks in Africa. Ranked 50th globally for online threats, Nigeria was only behind Kenya which was ranked 35th globally. South Africa completed the top three, ranking 82nd globally. Stressing on the report, th ...
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International Airlines Targets $803bn RevenueWednesday, June 7, 2023
The International Air Transport Association disclosed plans of strengthening airline industry profitability in an upgrade of its outlook for 2023. The Director-General, IATA, Willie Walsh, noted that airline industry net profits are expected to reach $9.8bn in 2023. This represents over 100 per c ... |
‘EY World Entrepreneur Of The Year’, Interswitch CEO Joins 48 Others To CompeteWednesday, June 7, 2023
For this year rsquo;s EY World Entrepreneur of the Year title, the Group Managing Director and Chief Executive Officer of Interswitch, Mitchell Elegbe, starting from today will join 48 other exceptional entrepreneurs, representing 49 countries across the globe to compete. Elegbe, winner of the 20 ... |
M&B Embarks On New Investment To Improved PerformanceWednesday, June 7, 2023
May Baker Nigeria Plc has reinstated its commitments to shareholders on the new investments that would boost company 39;s performance, shareholders rsquo; value and profitability. Speaking at the company rsquo;s 72nd yearly general meeting in Lagos, the chairman of the company, Daisy Danjuma, s ... |
Nigeria’s Imports Fall By 25.8 Per Cent Year-On-YearTuesday, June 6, 2023
Due to cash scarcity triggered by naira redesign implementation, the Nigeria rsquo;s total imports fell by 25.83 percent in the first quarter (Q1) of 2023, from N7.5 trillion recorded in Q1 lsquo;2022 to N5.56 trillion. However, the figure recorded last quarter was higher than the N5.36 trillion re ... |
IMF urges Nigeria To Focus On Raising RevenueTuesday, June 6, 2023
For Nigeria to resolve its debt issues, the Resident Representative of the International Monetary Fund (IMF) office in Nigeria, Ari Aisen, has advised Nigeria to efficiently raise revenues and manage its expenditure. Aisen disclosed this at the Proshare WebTV online event organised recently. Corr ... |
In Seven Years, Nigeria’s Debt Exceeds Revenue By N13tnTuesday, June 6, 2023
According to findings, in seven years, Nigeria rsquo;s total debt outweighed the revenue generated by the Federal Government by N13.26tn. The findings were based on data from the Central Bank of Nigeria and the Debt Management Office. It was learnt that the Federal Government recorded revenue ... |
CBN, FG Records N930bn Fiscal Deficits In Two MonthsTuesday, June 6, 2023
According to the Central Bank of Nigeria, the Federal Government recorded N930.8bn fiscal deficit in January and February 2023. The CBN in its monthly economic report for February 2023 stated that, ldquo;The estimated overall fiscal deficit of the FGN expanded in February, due to a drop in the r ... |
Report Indicates FG Can Borrow N759bn From CBNSunday, June 4, 2023
It was disclosed that the Federal Government (FG) can borrow up to N759bn from the Central Bank of Nigeria through the Ways and Means Advances according with the new guideline by the National Assembly. The Ways and Means Advances is a loan facility utilised by the central bank to finance the gove ... |
Capital Market Operators Set To Tackle Cyber ThreatsSunday, June 4, 2023
According to some experts, a strong cybersecurity framework is important in protecting the data and assets of investors as well as those engaging in online stocktrading. This was discussed at the virtual conference organised by the Institute of Capital Market Registrars and the Fintech Associatio ... |
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