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IATA welcomes Somalia airspace upgrade to ‘Class A’

The International Air Transport Association has commended Somalia for upgrading of its airspace and the surrounding area to ‘Class A’. This comes after air traffic control services in the African country resumed operations after a 30-year interruption on January 26, 2023. Approximately 300 airlines, or 83% of worldwide aviation traffic, are represented by IATA. The […]

jonuorahpdnlimited-com
26th January 2023
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Business featured

10 things to know about recently commissioned Bestaf lubricant plant

The President, Major General Muhammadu Buhari (ret.d), recently commissioned a 200m-litre lubricant plant on Monday during his 2-day business visit to Lagos. The project is described as the first of its kind as far as the West African market is concerned. The Bestaf lubricant plant is owned by the founder and chief executive officer of […]

jonuorahpdnlimited-com
26th January 2023
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News

Duty hike: Used vehicle imports drops 40%

The Nigeria Customs Service’s Ports & Terminal Multipurpose Limited Command, has disclosed that the introduction of Vehicle Identification Numbers for processing imported automobiles resulted in a 40% decline in imported vehicles in 2022. According to The PUNCH, this was disclosed by the outgoing Controller of the command, acting Assistant Comptroller General, Suleiman Bomai, […]

oamudipepdnlimited-com
26th January 2023
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Agribusiness

Buhari hails AfDB, others for $538m agric fund

The President, Major General Muhammadu Buhari (retd.), on Wednesday applauded the provision of $538.05m by the African Development Bank, the Islamic Development Bank, and the International Fund for Agricultural Development. According to The PUNCH, the funds were donated for the first phase of the Special Agro-Industrial Processing Zones for Nigeria programme. This came after […]

oamudipepdnlimited-com
26th January 2023
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Ports and Airports

Ondo, Benin sea ports get steering committee

Juliet Buna The Federal Ministry of Transportation has inaugurated a Project Steering Committee for the proposed Ondo Deep Sea and Benin River Ports. The inauguration was performed by the Permanent Secretary of the Ministry of Transportation, Dr. Magdalene Ajani, in Abuja. A statement signed by the Director of Press & PR, […]

aadelekepdnlimited-com
25th January 2023
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217 Views

News

DMO put bonds worth N360bn on auction

Bisola David Four Federal Government of Nigeria bonds valued at N360 billion have been made available by the Debt Management Office for subscription via auction at N1,000 per unit. According to The Punch, a circular from the DMO states that the bonds being offered are a 10-year, N90 billion FGN bond with a new opening […]

oamudipepdnlimited-com
25th January 2023
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166 Views

Agribusiness featured

FG to generate $500m from cashew export – Minister

Bisola David The minister of agriculture and rural development, Dr. Mohammed Abubakar, claims that cashew nut exports from Nigeria earned over $250 million in revenue in 2022 and are projected to bring in around $500 million in revenue in 2023. According to a report by The Pinch,he said this on Tuesday in Abuja at the […]

oamudipepdnlimited-com
25th January 2023
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195 Views

News

Walmart increases minimum wage to $14 per hour

By Christian George While firms globally are stylishly slashing down its workforce, Walmart has concluded plans to increase its hourly workers wage in the U.S to $14. This was made known today by the company in an email that the new wage will reflect in the paycheque on March 2, 2023. Report has it […]

oamudipepdnlimited-com
25th January 2023
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293 Views

News

Five facts about Imota rice mill

The Imota rice mill was on Monday, commissioned by the President, Major General Muhammadu Buhari (retd.), in Lagos State. The much anticipated project has been adjudged to be a game changer in the agricultural sector because of the proposed impact of the project on the economy landscape of the state and nation at large. […]

oamudipepdnlimited-com
24th January 2023
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281 Views

News

Lekki sea port’ll reduce Nigeria’s trading cost – NPA MD

Kazeem Owoseni The Managing Director of Nigerian Port Authority, Mohammed Bello Koko has said that, with the newly commissioned Lekki Deep Sea Port in Lagos State, the traffic flow around Apapa will improve and the cost of trading in the country will be reduced drastically. Koko who disclosed this in his Statement on […]

oamudipepdnlimited-com
24th January 2023
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201 Views

News

What every Nigerian should know about the interest rate

Oluwanifemi Ojo Interest rate is a measure of the amount paid on a borrowed money or the amount received for saving money. This means, if an amount of money is borrowed, the individual/entity is required to pay a percentage of the money within a specified period, based on the agreed term. Similarly, if an […]

oamudipepdnlimited-com
24th January 2023
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272 Views

Banking featured

New naira note: CBN insist on January 31st deadline

Juliet Buna The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes, as they will cease to be legal tender in the country. The PUNCH reported that the CBN Governor, Godwin Emefiele reiterated the CBN’s stance after […]

jonuorahpdnlimited-com
24th January 2023
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173 Views

Electric car demand rises in Europe amid Middle

Dangote Sugar plans ₦500bn rights issue for growth

EU antitrust chief rejects push to relax merger

Brent nears $95 over fears of US-Iran ceasefire

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Some Populer Post

Electric car demand rises in Europe amid Middle East

Standard Chartered tops M&A advisory rankings in West Africa

Court dismisses Air Peace suit against FCCPC investigation

Dangote Sugar plans ₦500bn rights issue for growth

IATA welcomes Somalia airspace upgrade to ‘Class A’

10 things to know about recently commissioned Bestaf lubricant plant

Duty hike: Used vehicle imports drops 40%

Buhari hails AfDB, others for $538m agric fund

Ondo, Benin sea ports get steering committee

DMO put bonds worth N360bn on auction

FG to generate $500m from cashew export – Minister

Walmart increases minimum wage to $14 per hour

Five facts about Imota rice mill

Lekki sea port’ll reduce Nigeria’s trading cost – NPA MD

What every Nigerian should know about the interest rate

New naira note: CBN insist on January 31st deadline

Electric car demand rises in Europe amid Middle.

Standard Chartered tops M&A advisory rankings in West.

Court dismisses Air Peace suit against FCCPC investigation

Dangote Sugar plans ₦500bn rights issue for growth

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