A plane belonging to proposed national carrier, Nigeria Air, finally landed at the Nnamdi Azikiwe International Airport (NAIA), Abuja, Friday afternoon in fulfilment of a promise by Aviation Minister Hadi Sirika but to condemnation by the Airline Operators of Nigeria. The outgoing Aviation Minister excitedly announced the arrival of...
BUSINESS
The head of the International Monetary Fund, Kristalina Georgieva, sharply criticized the United States for delaying a possible agreement in the debt dispute until the last minute. The stability of the global financial system is at stake, warned the head of the IMF. She expressed frustration about “12th hour”...
The Naira appreciated at the Investors and Exporters window on Friday exchanging at N464.51 to the dollar a 0.18 per cent increase against the N463.67 to the dollar traded on Thursday. The open indicative rate closed at N463.75 to the dollar on Friday. An exchange rate of N632 to...
The Federal Government of Nigeria, on Friday at the Nnamdi Azikiwe International Airport (NAIA), Abuja, took delivery of a Boeing 737-8000 aircraft to launch Nigeria Air. Speaking at the occasion, the Minister of Aviation and Aerospace, Sen. Hadi SIrika, said there are plans to create a fleet of 35...
MTN on Friday said it would host an exciting online treasure hunt on the mPulse website, with 500 lucky children standing a chance to win shopping vouchers worth 5 million Naira. This is contained in a statement issued by Peace Ikechukwu, Associate Consultant, Black Head Media, MTN Consultant in...
Nigerians on Twitter have been reacting to reports that the Boeing 737-800 series aircraft which the Federal Government flew into Abuja for the unveiling of Nigeria Air belongs to Ethiopian Airlines. According to Daily Trust, the aircraft took off from Addis Ababa, Ethiopia, at 9:55 am on Friday and...
Some Economists have urged the Central Bank of Nigeria (CBN) to focus more on supply side or cost push factors and structural issues fueling inflation in the country. The experts told the News Agency of Nigeria (NAN) on Friday in Lagos that the repeated interest rate hikes had done...
By CALLISTUS OFFOR, Abuja – The Federal Government has unveiled 4,366 digital economy projects implemented in different part of the country as part of efforts to consolidate the National Digital Economy Policy and Strategy (NDEPS). The Minister of Communications and Digital Economy, Prof. Isa Pantami, who unveiled the projects...
By MERCY ULOKO, Abuja President Muhammadu Buhari has been urged to immediately approve the appointment of a new Auditor-General for the Federation(AGoF) before exiting office on May 29. The Nigerian Youths Arise (NYA), a national coalition of youth professionals, made the appeal in a statement issued in Abuja and...
The Niger Delta Development Commission (NDDC), has commended the House of Representatives for passing the N876 billion budget of the Commission for the 2023 financial year. Speaking in an interview at the NDDC headquarters in Port Harcourt, the Managing Director, Dr Samuel Ogbuku, noted that the approval of House...
The Central Bank of Nigeria (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday....
The Federal Inland Revenue Service (FIRS) says it is leveraging on technology to drive increased revenue generation. Mr Kabir Abba, Coordinating Director, General Tax Operations Group, FIRS, said this at the broadcast of the Service’s stewardship on Tuesday in Abuja. The event with the theme “FIRS, Impacting the Nigerian...
The Naira on Tuesday depreciated at the Investors and Exporters window, exchanging at N464.42 to the dollar, a 0.20 per cent decrease against N463.50 traded on Monday. The open indicative rate closed at N464.10 to the dollar on Tuesday. An exchange rate of N632 to the dollar was the...
Dr Ayodele Oni, Partner, Bloomfield Law Practice, says the newly inaugurated Dangote Refinery will reduce the importation of refined petroleum products. Oni made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. He said that the 650,000pbd refinery would substantially increase the nation’s local...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the new Dangote refinery will address fuel shortage and price hike in the country. Mr Chinedu Anyaso, Chairman of IPMAN, Enugu Community depot in charge of Anambra, Ebonyi and Enugu states, said this in an interview with the News Agency...
The Central Bank of Nigeria (CBN) has inaugurated eNaira wallet students ambassadors in the University of Jos (UNIJOS). Esther Tinat, the Branch Manager of the apex bank in Jos, who inaugurated the ambassadors, said that the initiative is from the Central Bank Digital Currency (CBDC), aimed at improving the...
Alhaji Aliko Dangote, Chairman Dangote Group, has given the assurance that the Dangote Petroleum Refinery would turn out its first product before the end of July. Dangote disclosed this at the inauguration of refinery in Ibeju-Lekki, Lagos on Monday. “Beyond the constant availability of high-quality fuels for our transportation...
Social media messenger app, WhatsApp, has announced the ability to edit messages after being sent as its latest editing feature. In a message on Meta broadcast channel, Chief Executive Officer of Meta, Mark Zuckerberg announced the latest feature. See photo below:
African Development Bank (AfDB) Group President, Akinwumi Adesina, said Africa will need about 2.7 trillion dollars by 2030 to finance climate change. Adesina said this at the on-going 2023 AfDB Annual Meetings in Sharm El Sheikh, Egypt on Monday. The theme of the meetings is Mobilising Private Sector Financing...
The President of The Dangote Group, Aliko Dangote, on Monday, said his refinery will generate “massive” job opportunities for the teeming Nigerian youths. He stated this in Lagos during the commissioning of the 650,000 bpd Dangote Petroleum Refinery and Petrochemicals by President Muhammadu Buhari. The project is expected to...