Airline operators and members of the House of Representatives ad-hoc committee investigating the scarcity and astronomical increase in the cost of aviation fuel have blamed the situation on hoarding of the products by marketers. This is as the Nigerian Civil Aviation Authority (NCAA) has raised concerns that it may be forced to shut-down aviation services […]Read More
House to Meet With NNPC GMD, DG NCAA, Jet A1 Marketers Lagos and Abuja — Worried about the present challenge being faced by airline operators following the hike in the price of aviation fuel, the House of Representatives will today meet with the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, […]Read More
The Federal Executive Council FEC on Wednesday, approved the review of Nigeria’s trade policy and agribusiness policy to enhance revenue through right farm gate pricing. The new policy also bans foreigners and their representatives from purchasing agricultural commodities at the farm gates. Adeniyi Adebayo, minister of Trade and Industries, disclosed this while briefing the State House Journalists […]Read More
The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds of millions of litres of petrol to address the situation. In its latest weekly national PMS evacuation report for February 21 to 26, 2022, seen on Sunday, […]Read More
Airports in Nigeria recorded a dip of 3.38 million passengers in the last three years, data from regulatory authorities reveal. According to data obtained by Reporters from the Nigerian Civil Aviation Authority (NCAA), figures for passengers processed for travelling at the nation’s airports for 2021 stands at 14.2 million compared with the 10,447,321 for last year. But […]Read More
The Executive Vice Chairman of Nigerian Communications Commission (NCC) Prof Umar Danbatta has informed the commission is on the verge of deploying the Fifth Generation (5G) network in Nigeria. He affirmed Spectrum licenses for the companies that will roll out services have have been issued. He spoke during the NCC day at the Ongoing 43rd […]Read More
The Organisation of Petroleum Exporting Countries (OPEC) has said despite its efforts at preventing any disruption to energy flows, the ongoing crises in Russia and Ukraine have triggered a reasonable degree of anxiety and uncertainty in the global energy market. Secretary-General Dr Mohammad Sanusi Barkindo expressed the fears in his opening remarks at the 60th […]Read More
In line with the resolve of the Central Bank of Nigeria (CBN) to halt a regime of arbitrage in the foreign exchange market, some Nigerian banks have started exposing the identities of customers, who allegedly obtained dollars by false pretence, and traded them at a profit in the parallel market. This is coming as the […]Read More
The stock market fell in volatile trading on Tuesday after Russian President Vladimir Putin ordered troops into two breakaway regions in eastern Ukraine, a move that was met with a new round of sanctions from the West, as some officials warned that ‘the invasion of Ukraine has begun.’ According to Forbes, global stock markets took […]Read More
The Minister of Finance, Budget and National Planning, Zainab Ahmed on Tuesday received the National Savings Scheme Report from the Working Group, with a pledge to collaborate with stakeholders in implementing the recommendations. The working group was constituted virtually by the minister in May 2020 due to the Covid-19 pandemic. Its responsibilities were to study […]Read More
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