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Airlines avert shutdown despite jet fuel price surge

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Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months

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Reps stops CBNs sale of Polaris Bank
Banking Uncategorized

Reps stops CBNs sale of Polaris Bank

The House of Representatives has asked the Central Bank of Nigeria to halt the planned sale of Polaris Bank Plc. According to reports, the lawmakers urged the CBN to wait until all processes for an open, transparent, and competitive bid are completed in accordance with best practices and procedures for divestment of this type. The […]

WTO boss Okonjo-Iweala reacts to GCON honour
News

WTO boss Okonjo-Iweala reacts to GCON honour

The President, Major General Muhammadu Buhari (retd.), has on Tuesday conferred on the Director General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, the second highest honour in the land, the Grand Commander of the Niger. Okonjo-Iweala was among the over 400 Nigerians and foreigners who received the national honours at the Award Ceremony which […]

Obajana cement plant properly acquired- Dangote
News

Obajana cement plant properly acquired- Dangote

Dangote Cement Plc’s parent company, Dangote Industries Limited, insisted that all proper procedures were followed when it acquired the cement factory in Obajana, Kogi State. According to The PUNCH, this came after the Kogi State government alleged that the business lacked proof of ownership for the plant. According to an official statement, Kogi State had […]

Why others must envy, copy Lagos - Aviation Minister
News

Why others must envy, copy Lagos – Aviation Minister

  The Minister of Aviation, Hadi Sirika, has lauded the Lagos State for its growing economy, adding that the state should be emulated. Sirika said this while presenting the approval for the new Lekki-Epe airport to the Lagos State Governor, Babajide Sanwo-Olu on behalf of the Federal Government. The presentation was held at the Lagos […]

Nigeria gained $2.6bn from non-oil export six months
News

Nigeria gained $2.6bn from non-oil export six months

The Chief Executive Officer, Nigerian Export Promotion Council, Dr. Ezra Yakusak, has announced that Nigeria’s non-oil export sector gained $2.6bn in the first six months of 2022. He made this known in Ado Ekiti during a two-day Export hand-holding programme organised by NEPC for youth entrepreneurs in Ekiti State. According to The Punch, he stated […]

How Nigeria’s refineries lost 218 workers, N69bn
Oil and Gas

How Nigeria’s refineries lost 218 workers, N69bn

  Data from the financial statements of Nigeria’s refineries, newly provided by the Nigerian National Petroleum Company Limited, showed that the number of employees dropped by 218 within a year, while the facilities registered a cumulative comprehensive loss of N69.03bn over the review period. The Nigerian National Petroleum Corporation runs Nigeria’s three refineries: the Kaduna […]

100% cashless economy possible in Nigeria - Emefiele
News

Analysts kick as CBN loans to FG hit N22tn

A recent report has revealed that the Federal Government is owing the Central Bank of Nigeria the sum of twenty-two trillion naira, leaving analysts fuming. According to The PUNCH, FG, in August 2022, borrowed N1.46tn from the Central Bank of Nigeria through Ways and Means Advances, raising its debt to the Apex bank from N20.61tn […]

Flood: Gas scarcity looms as NLNG stops operations
Oil and Gas

Gas price hike imminent as forex scarcity persist

Owing to the lingering scarcity of dollars in the country, there are speculations that Nigerians might have to pay more for gas. According to The PUNCH, National Operations Controller, the Independent Petroleum Marketers Association of Nigeria, IPMAN, Mike Osatuyi said independent importers were obtaining dollars from the illegal market, thus the price of gasoline would […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

NNPC, IPMAN address fuel scarcity

  The Nigerian National Petroleum Company and the Independent Petroleum Marketers Association of Nigeria have allayed the fears of Nigerians over possible fuel scarcity in some parts of the country. The PUNCH reported that the scarcity of PMS worsened on Thursday in Abuja, as the Federal Government attributed the development to flooded roads in Kogi […]

Airtel Africa begins $100m share buy-back
Telecommunications

How Airtel Africa lost ₦752bn in one week

Airtel Africa Plc lost ₦752 billion at the end of the week’s trading to rank top loser of the week after sustained stock sustained sell pressure. Nairametrics reported that the telecoms company’s stock dropped by 10% to N1,800 per share, from N2000, which was the opening figure for the trading week. According to Nairametrics, Airtel […]

Obajana cement plant properly acquired- Dangote
News

Obajana plant: Kogi, Dangote continue dispute over ownership

The Kogi State Government and Dangote Cement Plc continue to press their claims for ownership of the Obajan cement plant in Kogi State, resulting in a worsening dispute. Dangote management has threatened legal action in response to the recent invasion of the plant and the shooting of its employees by armed vigilantes acting on government […]

  • enitan
  • 8th October 2022
  • 3 Comments
  • 221 Views
Air France, Airbus face trial over 2009 crash
Aviation

Air France, Airbus face trial over 2009 crash

Air France and aircraft maker Airbus go on trial in Paris on Monday on charges of involuntary manslaughter in the 2009 crash of a flight from Brazil, killing all 228 people aboard. The case focuses on alleged insufficient pilot training and a defective speed monitoring probe, which was quickly replaced on planes worldwide in the […]

  • enitan
  • 8th October 2022
  • 1 Comment
  • 328 Views

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