Nigerian authorities are considering the reopening of three international airports in the country, said the Minister of Aviation, Hadi Sirika. The affected aviation facilities are the Mallam Aminu Kano International Airport in Kano State, the Akanu Ibiam International Airport in Enugu State, and the Port Harcourt International Airport in Rivers State. In his remarks on […]Read More
The National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to achieve economically viable communities in Nigeria by growing its intra-Africa export trade volume to $50bn by 2035. The Senior Special Assistant to the President and Secretary, National Action Committee on AfCTA, Francis Anatogu, made the disclosure in an AfCFTA overview […]Read More
The Central Bank of Nigeria has released the list of 47 International Money Transfer Operators that are licensed to operate in the country. It disclosed this on its website in a document titled ‘List of approved International Money Transfer Operators as at February 28, 2021’. While some of the operators had their addresses in Nigeria, […]Read More
The international oil benchmark, Brent crude, fell on Thursday for the fifth straight day to its lowest in two weeks on growing worries about rising COVID-19 cases in Europe and strengthening of the dollar that hurts the value of oil. Brent, against which Nigeria’s oil is priced, tumbled by 6.21 per cent or $4.22 to […]Read More
The Central Bank of Nigeria injected $5.62bn into the foreign exchange market in the fourth quarter of 2020 as part of efforts to ensure the stability of the naira. This was an increase of N1.25bn from $4.37bn intervention in the economy by the banking regulator in the third quarter. The CBN disclosed this in its […]Read More
Nigeria’s external reserves dropped by $523m to $34.475bn as of March 16 from $34.998bn as of March 1, figures from the Central Bank of Nigeria revealed on Wednesday. The reserves, which had continued a downward trend of recent, lost $1.1bn in February, after it dropped from $36.19bn as of February 1 fell to $35.09bn as […]Read More
The Federal Government on Tuesday distributed the sum of N20,000 to 3270 vulnerable rural women across Osun state under its conditional cash transfer programme. Speaking at the event held at Staff Development Centre, Abere in Osogbo, Osun State, the Minister for Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sarita Umar Faruk said 1,635 of […]Read More
The Minister of Aviation, Hadi Sirika, on Monday said the Mallam Aminu Kano International Airport would be reopened for international flights on April 5, 2021. He disclosed this in Abuja at the briefing of the Presidential Task Force on COVID-19. He also said the Port Harcourt and Enugu airports would be reopened for international flights […]Read More
Pays N155b subsidy on 2.9b litres of petrol in Feb., March Despite not being captured in the 2021 budget, an average of N155 billion is being paid by the Federal Government to subsidise 2.9 billion litres of Premium Motor Spirit (PMS) for February and March. Stakeholders in the energy sector, who had raised the alarm […]Read More
Governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications, Dr Isa Pantami, and the Executive Vice Chairman of the Nigeria Communications Commission, Prof Umar Danbatta, will on Monday meet banks and telecoms operators over threat by telcos to disconnect Unstructured Supplementary Service Data to banks today. The Federal government had directed Mobile Network […]Read More