Business Domestic air fare rises 25% to N123, 700 in one month Sep 25, 2024 0 In August 2024, the average fare for air travel in Nigeria surged to N123,700.14, a sharp 25.51% increase from!-->…
Business PENGASSAN urges FG to increase stake in Dangote refinery to 45% Sep 25, 2024 0 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government!-->…
Business Nigeria’s unemployment rate rose to 5.3% in Q1 – Report Sep 25, 2024 0 Nigeria’s unemployment rate increased slightly to 5.3% in Q1 2024 from 5.0% in Q3 2023, with females facing higher!-->…
Business Aviation stakeholders back Emirates on dollar airfares Sep 25, 2024 0 Aviation experts have expressed support for Emirates Airlines’ decision to charge Nigerian passengers in dollars,!-->…
Business FG raises N2.75bn via savings bond Sep 25, 2024 0 The Federal Government’s savings bond for September 2027 has attracted successful subscriptions worth N2.75!-->…
Business Legal implications of CBN’s 5% borrowing Cap: Agbakoba and Ozekhome weigh in Sep 25, 2024 0 Legal experts have examined the implications of the Central Bank of Nigeria's (CBN) reaffirmation to maintain its!-->…
Africa South African Rand Appreciates by 11% Amid Economic Recovery Sep 25, 2024 0 As of September 25, 2024, the South African Rand (ZAR) has risen by 11% against the US dollar since February,!-->…
Business PZ Cussons cuts pre-tax losses by 86%, boosts revenue for period ending August 31 Sep 25, 2024 0 PZ Cussons Nigeria Plc reported a pre-tax loss of N5.2 billion in its interim financial statements for Q2 2024!-->…
Business Ethiopian Plans 10 weekly Flights To Rome, Celebrates Six Decades of Services Sep 24, 2024 0 Ethiopian Airlines has announced plans to expand its weekly flights to Rome, Italy, increasing the frequency to 10!-->…
Local Car-Free-Day: Lagos, group, restate commitment to NMT infrastructure devt Sep 24, 2024 0 The Lagos State Government has announced its plans to integrate Non-Motorised Transport (NMT) infrastructure into!-->…
Energy Dangote: NNPC Made Huge Mistake By Reducing Stake in Our Refinery from 20% to 7.2% Sep 24, 2024 0 Aliko Dangote, Africa’s wealthiest man and President of Dangote Group, has criticized the Nigerian National!-->…
Business FG Offers N150bn in Bonds for September Auction with Competitive Rates Sep 24, 2024 0 The Debt Management Office (DMO) has announced that the Federal Government of Nigeria is offering N150 billion!-->…
Business APM Terminals Apapa sees 25% non-oil exports Sep 24, 2024 0 APM Terminals Apapa announced a 25% increase in non-oil export throughput for the first half of 2024, handling!-->…
Business NSIA Insurance grows premium to N22.3bn Sep 24, 2024 0 NSIA Insurance has reported a 24% growth in Gross Written Premium (GWP), rising to N22.3 billion in 2023 from N18!-->…
Business Multilateral banks’ climate financing hit $125bn – AfDB Sep 24, 2024 0 Multilateral development banks, including the African Development Bank (AfDB), have reached a record $125 billion!-->…
Stock Equity market starts week with N79bn gain Sep 24, 2024 0 The Nigerian equity market started the week on a positive note, gaining N79 billion on Monday due to the!-->…
Local Finance ministry, Customs’ bureaucracy stalls zero food import take-off Sep 24, 2024 0 The United States Chamber of Commerce has committed $320 million toward mortgage refinancing and SME financing in!-->…
Business Tariff hike looms as monthly power subsidy hits N181bn Sep 23, 2024 0 Dr. Jobson Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission (ICRC), announced!-->…
Business New US rules to exacerbate trade dispute with China Sep 23, 2024 0 China has issued a warning to the United States, urging it not to take "discriminatory actions" against Chinese!-->…
Local Construction of $3.5bn Bakassi seaport to begin soon – ICRC Sep 23, 2024 0 Dr. Jobson Ewalefoh, Director-General of the Infrastructure Concession Regulatory Commission (ICRC), announced!-->…
Business Customs, SMEDAN partner to ease SMEs’ cross-border trade Sep 23, 2024 0 The Nigeria Customs Service (NCS) is partnering with the Small and Medium Enterprises Development Agency of!-->…
Business $3.5bn business deals sealed at Indonesia-Africa Forum 2024 Sep 23, 2024 0 The 2nd Indonesia-Africa Forum held in Bali, Indonesia, resulted in the signing of 32 business partnership deals!-->…
Stock Stock market sustains bullish trend Sep 23, 2024 0 Ahead of the Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) meeting, the Nigerian stock market!-->…
Banking CBN Expected to Maintain Interest Rates as Inflation Declines Ahead of MPC Meeting Sep 23, 2024 0 As the Central Bank of Nigeria (CBN) commences its 297th Monetary Policy Committee (MPC) meeting, financial!-->…
Finance PenCom reports over N5.72trn public sector contributions in Q2 2024 Sep 23, 2024 0 The National Pension Commission (PenCom) has reported significant growth in both public and private sector pension!-->…
Business External reserves hit 22-month high amid naira struggles Sep 23, 2024 0 Nigeria’s external reserves have surged to a 22-month high of $37.31 billion as of September 2024, driven by!-->…
Business Cooking gas price rose by 69% in August 2024 Sep 23, 2024 0 The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has seen a significant increase in!-->…
Local Nigerian economy to hit $400bn by 2026 – Rewane Sep 23, 2024 0 Bismarck Rewane, the Managing Director of Financial Derivatives Company, forecasts Nigeria's economy to grow by!-->…
Business Dangote officials, refiners tackle marketers over imported PMS Sep 20, 2024 0 Officials of the Dangote Petroleum Refinery and the Crude Oil Refiners Association of Nigeria (CORAN) have opposed!-->…
Business FG eyes economy revamp with single-digit rates, tax incentives Sep 20, 2024 0 The Nigerian government has introduced key economic reforms aimed at stimulating growth by reducing corporate!-->…