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Why Nigerian insurance is one of the lowest globally - CPPE

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Lagos signs power purchase deals to boost supply

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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says CPPE

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Lagos signs power purchase deals to boost supply by

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Hackers breach North Korean spy group’s computer

Italy okays extradition of Chinese hacker wanted by US

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Dangote urges govt, private sector partnership to eliminate malaria

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International travellers to get higher compensation for deaths, flight delays - ICAO
Aviation

Exercise caution with hazardous weather, NCAA warns pilots

The Nigeria Civil Aviation Authority has advised pilots and airline operators to exercise caution with hazardous aviation weather in the rainy season. This circular came on the heels of the advent of the Seasonal Climate Prediction released for the year 2022 by the Nigerian Meteorological Agency. This caution was contained in an advisory circular with […]

Senate probes Niger Delta oil theft
Oil and Gas

EFCC partners marketers to curb oil theft in Niger Delta

The Independent Petroleum Marketers Association of Nigeria has sought the support and intervention of the Economic and Financial Crimes Commission in curbing oil theft and pipeline vandalism in the Niger Delta. This request was made on Monday, May 16, 2022 in Port Harcourt, Rivers State, by the Chairman of IPMAN, Hon. Bello Binna, who paid […]

Electricity

No increment in electricity tariffs – NERC

The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect of the Biannual Review of the Revenue Requirements of Licenses’ published on Tuesday. According to the NERC, where the […]

Naira falls N777 against dollar after CBN announcement
News

Dollar rises to N600 at parallel market

The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. At Zone 4 in Abuja, which is the hub of the parallel market in […]

Why Nigeria must save oil revenues - IMF
Economy

Inflation hits 16.82%, surpasses IMF 2022 projection

The Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed this in its ‘Consumer Price Index April 2022’ report on Monday. The report read in part, “In April 2022, the consumer price index, which measures […]

Aviation

Unions sound warning over plot to take over Arik, Aero

The National Union of Air Transport Employees and the Air Transport Services Senior Staff Association of Nigeria have raised the alarm over an alleged plot by some groups to take over Aero Contractors and Arik. The Asset Management Corporation of Nigeria, the nation’s bad debt manager created by the Federal Government, owns majority shares in […]

Policy and Regulations

FG extends money laundering law to casinos, others

The Federal Government has introduced stricter regulations in the operation of casinos in Nigeria, as part of its fresh move against money laundering. This is just as a new law recently passed by the National Assembly prohibits ownership and operation of shell accounts in the country. The President Major General Muhammadu Buhari (retd.), had on […]

Transportation

FG directs Abuja-Kaduna train services resumption

The Federal Government has directed the resumption of the Abuja-Kaduna Train services by Monday, May 23, 2022, amid failed negotiations over the abducted passengers. The directive was disclosed in a press statement issued by the Spokesman for the Nigeria Railway Corporation, Yakub Mahmood, on Monday. The statement read in part, “The Federal Government through the […]

100% cashless economy possible in Nigeria - Emefiele
News

Emefiele must resign to preserve CBN’s credibility – Experts

Economic experts at a local think-tank, the Centre for the Promotion of Private Enterprise, have urged the Governor of the Central Bank of Nigeria to resign in order to preserve the integrity, credibility, independence, neutrality, and professionalism of the apex bank. They said the partisan disposition of the CBN governor had cast doubts over the […]

Maritime

Containers clearing cost jumps by 67%, vehicle parts’ prices soar

Freight charges in the nation’s seaports have jumped by 67 per cent, resulting in increases in prices of vehicle spare parts, AM Business has learnt. In separate interviews with our correspondent in Lagos, freight forwarders said they used to pay around N600, 000 to clear a 40-foot container loaded with used vehicles’ spare parts, but […]

Agribusiness

Avert disruption in wheat value chain, analysts task FG

Local industry analysts have called on the Federal Government to take a swift and deliberate action to cushion the effects of the disruptions in the global wheat market on Nigeria’s wheat value chain. The call was made in a recently published review of the global wheat market, following the war between two top wheat exporting […]

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