Francis Abel The Enduring Value of Whole Life Insurance: A Comprehensive Guide When it comes to long-term financial planning and wealth preservation, whole life insurance stands out as a powerful and versatile tool. Unlike term life insurance, which provides coverage for a specific period, whole life insurance offers lifelong protection and a unique blend of benefits that … Read more
The Nigerian currency, Naira, depreciated by N130 against the United States dollar at the parallel foreign exchange market on Sunday. A Bureau De Change operator, Mistila Dayyabu, disclosed this in an interview. He noted that Naira dropped to N,1420 per dollar from N1,290 in less than 48 hours at the parallel market. READ ALSO :Naira’s … Read more
Separatist group, the Indigenous People of Biafra (IPOB) has threatened to shut down the Enugu Electricity Distribution Company over poor power supply in the South-East. The group called on the Chairman of the Enugu DisCo, Emeka Offor, and its management to “stop defrauding” the people, adding that residents had been compelled to pay “illegal estimated … Read more
The Federal Government may consider the suspension of the $56.7bn peer-to-peer cryptocurrency market after a crucial meeting between the Securities and Exchange Commission, and digital asset operators scheduled for Monday. Nigeria’s volume of crypto transactions grew by nine per cent year-over-year to $56.7bn between July 2022 and June 2023, according to the 2023 Geography of … Read more
The Transmission Company of Nigeria (TCN), on Saturday, in Benin, said that there would be a power outage in its Amukpe substation for two weeks. This is according to a statement signed by the General Manager, Public Affairs of TCN, Ndidi Mbah. Mbah said the disruption would begin on May 4 and last till May … Read more
The Nigerian Electricity Regulatory Commission (NERC), has unbundled the Transmission Company of Nigeria (TCN) with the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO). The company disclosed this in an order signed by its Chairman, Mr Sanusi Garba and Mr Muslim Oseni, Vice Chairman in Abuja on Saturday. According to the order, … Read more
Guaranty Trust Holding Company (GTCO), one of Nigeria’s most efficiently run bank, has just announced the largest ever pre-tax profits in Nigerian banking history. According to information contained in its first-quarter earnings, the bank posted a pre-tax profit of N509.3 billion, more than six times the profits it made in the same period in 2023. … Read more
Independent marketers expect the current fuel supply crisis in parts of the country to abate not later than next week. Their optimism is hinged on the ongoing efforts to free seven fuel-laden vessels trapped in Warri. The vessels are carrying a total of 150 million litres of Premium Motor Spirit (PMS) an official of the … Read more
The Chief Executive Officer of one of the leading cryptocurrency platforms in Nigeria, NoOnes, Ray Youssef, has revealed that peer-to-peer popularly known as P2P is probably like $500bn business in Nigeria alone. Youssef said this in an interview with Techpoint Africa on the heels of an imminent ban on cryptocurrency in the country. Speaking on … Read more
OPay, a leading financial technology company, has warned its customers against trading in cryptocurrency or any virtual currency on its app. In a notice issued on Friday, the company said it would block any account found engaging in such trading and also forward the details of the account owner to the regulator. READ ALSO :CBN … Read more