Capital Express drives life insurance with digital platforms
Capital Express Assurance Limited has expressed commitment to making life insurance policies more accessible to Nigerians through its digital channels. Speaking on the company’s digital platforms, the Managing Director, Mrs Bola Odukale, said Capital Express introduced its Mobile App and USSD channels to make it easy for the insuring public
Naira depreciates to new low against dollar
Naira has fallen further against the U.S. dollar at the official market on Tuesday, a day after the currency recorded an insignificant gain at the spot market. According to data released by the The Nigerian Autonomous Foreign Exchange Fixing (NAFEX), where forex is officially traded, naira which opened at N427.30
Amid rising debt, subsidy cost jumps by 370%
The cost of fuel subsidy is estimated to increase by 369.93 per cent from 2021 to 2023, Saturday adaeventsnews has learnt. In 2021, the Nigerian National Petroleum Corporation said fuel subsidy gulped N1.43tn, although there was no record for under-recovery in January. The Minister of Finance, Budget and National Planning,
Dangote now 63rd, as Elon Musk tops 100 billionaires’ ranking
Chairman of Aliko Dangote Group, Aliko Dangote, is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released, yesterday, the Chief Executive Officer of Tesla, Elon Musk, was listed as the richest billionaire in the world, as of Monday. Among the
Dangote Cement rolls out N1bn consumer rewards scheme
Dangote Cement Plc has unveiled the season-3 ‘Goodies bag’ consumer promotion targeted at empowering over 500 Nigerians with a total of over N1billion cash prizes for the next 16 weeks. Speaking at the unveiling ceremony in Lagos, Group Managing Director, Dangote Cement Plc, Michel Puchercos, said that the season-3 of
Lagos generates 870,000 tonnes of plastic waste yearly – Firm
A waste recycling company, Freee Recycle Limited says Lagos State generates 870,000 tonnes of plastic waste annually. Speaking at an event recently in Lagos, Managing Director of BASF West Africa, Jean-Marc, described the volume of waste generated by the state as a source of wealth for the state. According to
Nigeria suffering from under-utilisation of mineral resources – Minister
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that Nigeria and other African countries suffer from the under-utilisation of mineral resources despite huge deposits. Adegbite, represented by the Director-General, Nigerian Mining Cadastre Office, Obadiah Nkom, said this at the first International Conference and Exhibitions of the Nigerian
CBN agric guarantee hits N131b
The Central Bank of Nigeria (CBN) has guaranteed the sum of N130. 90 billion loan to farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) between its inception in 1977 and May, this year. The Chairman of the Board of the ACGSF, Mr. Stephen Okon, gave the update at the
IBEDC commences mass disconnection of electricity over huge debts by customers
The Management of Ibadan Electricity Distribution Company (IBEDC) said it has retooled its revenue drive strategy to ensure that customers with huge debts pay up. The affected customers include those with the issues of non-payment of bills, underpayment of bills, meter bye-passing, use of illicit meters and energy theft. The
Bread producers threaten strike over bakery materials’ price hike
Bread producers and caterers on Friday threatened to withdraw their services nationwide due to the unprecedented increase in bakery materials and the neglect of the Federal Government to this matter. In a communiqué issued by their national body – Association of Master Bakers and Caterer of Nigeria, they stated that