Nigeria-Niger Republic flights remain suspended – FG
The Nigerian Airspace Management Agency played a role in the ongoing prohibition on aircraft travel between the two countries. The PUNCH reported that according to NAMA, exceptional flights, aircraft in a…
Nigerians studying abroad responsible for increase in exchange rate – CBN gov
The governor of the Central Bank of Nigeria has stated that Nigerians students studying abroad are the reason for the increase in the exchange rate in Nigeria. Cardoso said this…
UAC returns to profitable ways, reports N12.7bn profit in 2023
Following a pre-tax loss of N4.4 billion in 2022, UAC Nigeria Plc showed a return to profitability in 2023 with a pre-tax profit of N12.7 billion. UAC reported N118.7 billion…
Spotify surpasses 600m users
Spotify, the music streaming giant on Tuesday, announced that it has surpassed 600 million monthly users by the end of 2023. Furthermore, the company expressed optimism about achieving profitability in…
Nigeria’s inflation will fall to 21% in 2024 – Cardoso
Despite rising food and commodity prices, the governor of the Central Bank of Nigeria, Olayemi Cardoso, has guaranteed that Nigeria's inflation rate will decline to 21.4% in 2024. Cardoso disclosed this…
Seven Nigerian states to face food crisis in 2024 — W’Bank
Borno, Adamawa, Kaduna, Katsina, Yobe, Sokoto, and Zamfara states are the ones the world bank spoke about. According to the World Bank's most recent Food Security report, because of armed conflict…
IMF Projects Nigeria’s inflation rate to drop to 15.5% in 2025
Nigeria's inflation rate is expected to drop to 15.5 per cent in 2025 and 23 per cent in 2024, according to the International Monetary Fund. The IMF's Division Chief of…
ESCAP urges urgent CBN MPC meeting to raise interest rates
The director of ESCAP Management, Esili Eigbe urged Olayemi Cardoso, the governor of the Central Bank of Nigeria to convene an urgent Monetary Policy Committee (MPC) meeting in order to raise interest rates…
Senate moves to increase Custom’s 2024 revenue target
In order to avoid more borrowing for the nation, the Nigerian Senate has notified the Nigeria Customs Service that the agency's N5.079 trillion income target for 2024 will be reevaluated…
6000 brands receive certification from SON
The Standards Organisation of Nigeria has demonstrated its dedication to maintaining quality standards in the nation by successfully certifying an astounding 6000 brands. The former director of product certification at…
Tesla capitalization: Musk’s wealth drops $30bn in 2024
By Alex Omenye The year 2024 has not been favorable for billionaire Elon Musk, as his net worth takes a hit following a $30 billion drop in Tesla’s market capitalization…
Alphabet seeks outside funding to scale internet provider GFiber
Alphabet intends to increase the pace of its development into new cities by seeking outside financing for GFiber, the subsidiary that offers internet and Wi-Fi access in select areas of…
