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Sanwo-Olu Orders Total Ban On Okada In Six Local Councils, Nine LCDAs.

No hike in electricity Tariffs – NERC

Nigeria’s Q1 trade imbalance increased by 175% to $764 million, according to the Central Bank of Nigeria.

JAMB denies that its scoring system is flawed and that it has no plans to hold another UTME.

Police Destroy N10 million worth of Drugs in Lagos.

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 Reps, Airline Operators Blame Aviation Fuel Hike, Scarcity On Hoarding
Business Latest News News Nigeria

Reps, Airline Operators Blame Aviation Fuel Hike, Scarcity On Hoarding

Ayomide Oyewole 11/03/2022

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

 Nigeria Aviation Fuel Scarcity
Business Latest News News

Nigeria Aviation Fuel Scarcity

Ayomide Oyewole 10/03/2022

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

 FEC Approves Plans to Review Trade Policy, Boost Agribusiness.
Business Latest News News

FEC Approves Plans to Review Trade Policy, Boost Agribusiness.

Ayomide Oyewole 10/03/2022

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

 NNPC releases additional 381.8 Million Litres of Fuel, Queues lessen
Business Latest News News

NNPC releases additional 381.8 Million Litres of Fuel, Queues lessen

Ayomide Oyewole 07/03/2022

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

 Air passenger traffic dips to 3.38million
Business Latest News News

Air passenger traffic dips to 3.38million

Ayomide Oyewole 04/03/2022

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

 Nigeria ready to deploy 5G Network, says NCC
Business Latest News News Tech

Nigeria ready to deploy 5G Network, says NCC

Ayomide Oyewole 04/03/2022

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

 OPEC: Russia/Ukraine crisis raises anxiety over energy flows
Business Latest News News

OPEC: Russia/Ukraine crisis raises anxiety over energy flows

Ayomide Oyewole 02/03/2022

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

 Nigerian Banks Expose Clients with Suspicious Dollar Transactions
Business Latest News News

Nigerian Banks Expose Clients with Suspicious Dollar Transactions

Ayomide Oyewole 28/02/2022

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

 Stocks Plunge, Oil Prices Surge amid Russia-Ukraine Tensions
Business Foreign Latest News News Politics

Stocks Plunge, Oil Prices Surge amid Russia-Ukraine Tensions

Ayomide Oyewole 23/02/2022

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

 FG to Partner CBN, SEC on National Savings Scheme
Business Latest News News

FG to Partner CBN, SEC on National Savings Scheme

Ayomide Oyewole 23/02/2022

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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