Finance

  Have you ever had an insurance claim delayed only to receive an offer from your insurer that wasn’t very reasonable? Our team of highly trained insurance experts recovered almost $12 million for Washington state insurance consumers between July 1 and Sept. 30, 2023. They may be able to help you, too! Thousands of consumers […]

  The 36 states of the federation have spent N1.71tn on recurrent expenditures including allowances, foreign trips, office stationery, aircraft maintenance, and more in the first nine months of 2023. This is according to an analysis of their budget performance reports sourced from Open Nigerian States, a budgIT-backed website that serves as a repository of

  Malawi’s President Lazarus Chakwera has imposed a travel ban on himself and his government to cut public spending and help the country’s ailing economy. The move was announced after the International Monetary Fund (IMF) approved a $175-million loan for the southern African nation. “I am imposing a freeze on all publicly funded international trips

  The Federal Government’s recently agreed wage with the Labour Congress, salaries to federal workers, and other non-debt recurrent costs are expected to gulp N7.76tn in 2023. This is based on data from the initial 2023 budget and the recently signed 2023 supplementary budget. The country’s central government recently approved an N2.18tn budget to augment

  Contrary to a recent narrative fast gaining traction with several debates in public recourse, the Central Bank of Nigeria (CBN) has denied reports claiming it plans to redenominate the Naira, the country’s local currency. Dr. AbdulMumin Isa, Director of Corporate Communications at CBN, made the clarification in a statement issued recently with the straight-to-the

  In a bid to address the increasing unemployment rate and boost industrialization in Nigeria, the Federal Government (FG) has partnered with the United Nations Industrial Development Organization (UNIDO). The minister of Marine and Blue Economy, Adegboyega Oyetola disclosed that the move will help in creating more jobs, particularly in the marine and blue economy

  Digital payment service bank, 9 Payment Service Bank (9PSB) has entered into a strategic partnership with XCHANGEBOX, a licensed super-agent service provider, to deliver agent banking solutions to rural, small and medium-sized enterprises (SMEs) via their flagship product, PAYREP. The signing ceremony of the partnership took place at 9PSB head office in Victoria Island,

  The Managing Director of The Alternative Bank, Hassan Yusuf, has said banking should be of benefit to every one. He spoke during the launch of the bank in Abuja. He said: “We believe that banking should be a platform for shared prosperity, where everyone benefits. “And this explains why we refer to our customers

  Nigeria Deposit Insurance Corporation (NDIC), said it has disbursed a cumulative insured N1.084 billion to 29,573 depositors as at September 22, this year. The beneficiaries are 29,573 depositors of closed micro finance banks (MFBs) and primary mortgage banks (PMBs). Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, during the NDIC day at

  The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI), has urged the federal government to exercise its powers under the exclusive legislative list and take action against deliberate violations of minimum employment conditions by states, corporate entities, and multinational organisations. National President, Association of Senior Staff of Banks, Insurance, and Financial