Business
Fuel Subsidy Ends With Buhari’s Term on May 29 -Finance Minister
Mrs. Zainab Ahmed, Nigeria's Minister of Finance, Budget, and National Planning, stated that the contentious petrol subsidy would be eliminated...
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Nigeria’s inflation rate rises to 21.91% -National Bureau of Statistics Report
In February 2023, the consumer price index (CPI), which measures the rate of change in prices of goods and services,...
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Why $743 million Backlog of Multinational Airlines’ Frozen Funds is Still Trapped in Nigeria
The Nigerian government has increased the amount of foreign airlines' earnings that cannot be repatriated to $743 million from $662...
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Final Central Bank of Nigeria Adheres Court’s Order, Authorises Acceptance of Old Naira
The Central Bank of Nigeria (CBN) has stated that the previous N200, N500, and N1000 notes are valid until December...
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Naira Policy Crisis: Buhari Exonerates Self
President Muhammadu Buhari responded to the Supreme Court's ruling on the old N500 and N1,000 notes by stating that he...
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FAAN Closes Runways 18R and 36L of Murtala Muhammed International Airport
The Federal Airports Authority of Nigeria (FAAN) has announced that runways 18R and 36L will be closed for maintenance at...
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Banks to Start Imposing N50 Electronic Transfer Charge on Domiciliary Accounts
The Ministry of Finance, Budget, and National Planning has instructed commercial banks to begin imposing a N50 electronic transfer charge...
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How Nigerian Telcos Lost 12 million Internet Subscribers in 2021 Due to SIM-NIN Linkage -NCC Reports
Due to the national identification number (NIN) linkage policy, the Nigerian Communications Commission (NCC) estimates that telecommunications providers lost 12...
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How Roger Brown, CEO of Seplat Energy Got Sacked Due Racial Discrimination against Nigerians
Seplat Energy reports that Roger Brown, its chief executive officer (CEO), has resigned. In a statement released on Friday and...
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Why NCAA is Probing Lufthansa Airlines
The Nigerian Civil Aviation Authority (NCAA) has initiated an investigation into allegations that Lufthansa Airlines mistreated over 200 passengers destined...
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