CBN Clears Foreign Airlines’ Unpaid Claims
The Central Bank of Nigeria (CBN) announced that it has settled outstanding payments owed to foreign airlines operating in the…
Month: January 2024
Sky Logistics Launches Scholarship Program for Nigerian Travel Agencies
Sky Logistics Limited (GSA Nigeria) Delta Air Lines Incorporated has introduced a scholarship program aimed at supporting select travel agencies…
Jetour Introduces X90 Plus ‘Cruise’ SUV to Nigerian Market
Jetour Mobility Service has unveiled the X90 Plus, also known as ‘Cruise’, in the Nigerian market, offering enhanced features and…
Runway Incursions as Threat to Nigeria’s Aviation Industry
The aviation sector in Nigeria faces a significant challenge with the increasing occurrence of runway incursions, raising concerns among stakeholders…
GlaxoSmithKline Reports 33.76% Profit Decline
GlaxoSmithKline Consumer Nigeria Plc witnessed a significant 33.76% decline in profit, dropping to N510.80 million in 2023 from N771.15 million…
Geregu Power Plc Proposes N8 Dividend per Share
Geregu Power Plc’s board of directors has announced a proposed dividend of N8 per share for the 2023 financial year.…
Seven-Up, UNIDO, Zenith Bank Partner in SME’s Empowerment
Seven-Up Bottling Company, in collaboration with the United Nations Industrial Development Organisation (UNIDO) and Zenith Bank, has organized a bootcamp…
NNPC Engages South Korea for Gas Projects
The Nigerian National Petroleum Company Limited (NNPCL) has initiated discussions with a South Korean consortium led by Daewoo E &…
Kogi State Government Releases N115 Million for JAMB Registration Fees
The Kogi State Government, under Governor Yahaya Bello’s leadership, has allocated N115,000,000 to cover the Joint Admissions and Matriculation Board…
Pension Scheme Assets Hit N18.36tn, Increases by 22%
Data released by the National Pension Commission reveals that the total assets under the Contributory Pension Scheme soared to N18.36tn…
OPay Bolsters Security Measures to Combat Financial Fraud
Nigerian financial technology firm OPay has launched an array of security measures aimed at fortifying its platform against financial fraud,…
Exit of Burkina Faso, Mali, and Niger Threatens ECOWAS Trade Relations
The potential withdrawal of Burkina Faso, Mali, and Niger Republic from the Economic Community of West African States (ECOWAS) poses…
Nigeria-Morocco Gas Pipeline: Minister Assures Uninterrupted Supply
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted supply to the Nigeria-Morocco…
FG to Enforce Sanctions on Vessels Violating Maritime Regulations
During the arrival ceremony of the ‘CMA CGM Scandola’, the largest container vessel fueled by Liquefied Natural Gas, at Lekki…
Dangote Refinery Plans to Import Crude from the US
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is preparing to import crude oil from…
Report Blames Nigeria’s Crude Oil Theft to Military Complicity
Transparency International (TI), in collaboration with the Civil Society Legislative Advocacy Centre (CISLAC), has released a damning report implicating Nigeria’s…
N1.35tn Allocated to Government Tiers, Revenue Agencies Distribute N53.5bn to Others
The data released by the National Bureau of Statistics revealed that Nigeria’s key revenue agencies – Customs Service, Inland Revenue…
Access Holdings Granted Approval for Consumer Lending Subsidiary
Access Holdings Company Plc has secured regulatory approval to establish a consumer lending subsidiary named Oxygen X Finance Company Limited.…
Eterna PLC Becomes Official Distributor for Dangote Petroleum Refinery Products
Eterna PLC, a prominent integrated energy provider in Nigeria, has been appointed as an official domestic sales distributor for the…
Coronation Insurance Shareholders Reviews Buyback Offer
In a recent court-ordered meeting held in Lagos, shareholders of Coronation Insurance Plc successfully negotiated a review of the buyback…
SEC Approves NASD’s Digital Securities Platform
The Securities and Exchange Commission (SEC) has granted approval for NASD Plc to launch its Digital Securities Platform (N-DSP), powered…
Shell Agrees to Sell Onshore Oilfields at $2.4bn
International oil giant Shell has entered into an agreement to sell its onshore oilfields to a Nigerian-led consortium named Renaissance.…
NGX Surpasses 90,000 All-Share Index Mark
On Wednesday, the Nigerian Exchange Limited (NGX) achieved an unprecedented milestone as the benchmark All-Share Index surged past the 90,000…
CBN Clears Forex Liabilities with $2 Billion
The Central Bank of Nigeria (CBN) announced on Wednesday that it has successfully disbursed approximately $2 billion across vital sectors,…
Access Bank Acquire 80% Stake in Finance Trust Bank Uganda
Finance Trust Bank (FTB) Uganda and Access Bank have officially signed a definitive agreement for Access Bank’s equity investment into…
Nigeria’s Stock Market Emerges as World’s Best Surpassing Argentina
Following Wednesday’s positive close, Nigeria’s stock market has claimed the title of the world’s best, surpassing Argentina, a country it…
Nigeria Takes Center Stage at Saudi Arabia’s Future Minerals Forum
Nigeria showcased its prominence at the third edition of Saudi Arabia’s Future Minerals Forum (FMF). The conference, attended by over…