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Aviation News

Aviation stakeholders move to address industry challenges

Stakeholders in Nigeria’s aviation industry are planning a strategy to address the sector’s difficulties. This disclosure was made in a press statement signed by the Chairman of the Conference Planning Committee, Chinedu Eze, on Tuesday, according to The Punch. At the 28th Annual Conference of the League of Airport and Aviation Correspondents, they will discuss […]

Kenya shuts down internet amid violent protests over finance bill
featured News

Kenya shuts down internet amid violent protests over finance bill

Yesterday, June 25, protests against Kenya’s Finance Bill 2024 turned violent, with reports of internet throttling and disruptions adding to the chaos. Kenyans, rallying under the hashtag #RejectFinanceBill2024, took to the streets in large numbers. Tragically, the unrest has resulted in deaths and raised significant concerns about digital rights and freedom of expression. NetBlocks, a […]

Aviation News

Airline operators acknowledge jetA1 price reduction

The Airlines Operators of Nigeria acknowledged a reduction in the country’s aviation fuel prices, following the commencement of operations at the Dangote refinery. This development occurred after the association met with the Dangote group’s management team to discuss constraints that are making the crucial commodity more expensive, resulting in rising airfares, according to The Punch. […]

President Tinubu to reduce inflation to 15% by 2025
Economy News

Administration will continue strategic reforms to address economic challenges – Tinubu

President Bola Tinubu has declared that his administration will continue to pursue its proposed strategic reforms and actions to solve the country’s underlying structural concerns. This was disclosed in a statement by Tinubu at the Nigeria Employers Summit on Tuesday in Abuja themed, “Economic Renaissance: Harnessing government reforms and private sector agility,” according to The […]

Aviation News

Aviation school, NANTA partner to eradicate quackery

The President of the National Association of Nigeria Travel Agencies, Yinka Folami, has confirmed his willingness to work with the Lagos Aviation School to prevent quackery among its members. This disclosure was made by the association on Tuesday at the launching of a new building for the school in Lagos, according to The Punch. In […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
News

W’Bank allocates $45.5m funding for Nigeria’s NIN drive

The World Bank has allocated $45.5 million to Nigeria’s National Identity Management Commission as part of the Digital Identification for Development (ID4D) project. According to the World Bank’s implementation report, the money was disbursed in multiple tranches between December 2021 and April 2024, with the process still ongoing. In February 2020, the Bretton Woods Institute […]

News Oil and Gas

FG meets local refiners over pricing, debunks Dangote’s claims

The Federal Government announced on Tuesday that no unclean fuel was imported into Nigeria, contradicting a recent statement made by a Dangote Petroleum Refinery executive. This was disclosed by the federal government during a meeting with the oil marketers and local refiners of crude oil in Abuja, according to The Punch. The meeting’s participants discussed […]

News

CBN record $172m rise in diaspora remittance one month

The Central Bank of Nigeria recorded a $172 million rise in direct remittances in one month. The recent CBN statistics reviewed indicated that remittances totaled $138.56 million in January, $39.14 million in February, $104.90 million in March, $193.31 million in April, and $365.44 million in May 2024, according to The Punch. The data shows a […]

News

Cardoso ‘pleased’ with naira recent stability, says worst days over

Nigeria’s Central Bank governor, Olayemi Cardoso, says he’s “relatively pleased” with the naira’s recent stability. In an interview with Bloomberg TV on Tuesday, Cardoso affirmed that the naira’s high volatility would not resurface again. He said “I do believe that we have more or less seen the worst in terms of volatility,” Cardoso said. “We […]

News

Neurotech Paradromics to begin human trials for brain implant in 2025

Alex Omenye Neurotech startup Paradromics has disclosed plans to commence human trials for its brain implant in 2025, intensifying the competition in the burgeoning brain-computer interface market. This strategic move positions Paradromics directly against Elon Musk’s Neuralink, a leader in public attention within this sector. In an interview with CNBC Tech, Paradromics’ CEO and founder, […]

News

Standard Chartered to fund key Nigerian infrastructure projects — Wale Edun

The coordinating minister of the economy and finance, Wale Edun has announced that Standard Chartered Bank has expressed interest in financing key infrastructure projects in Nigeria, including the Lagos-Calabar coastal highway, the Port Harcourt-Maiduguri rail line rehabilitation, and the provision of $3 billion in innovative financing for the NLNG dividend initiative. This was disclosed by […]

News

NOTAP to prosecute firms using imported technologies without its evaluation

The National Office for Technology Acquisition and Promotion has said it would penalize and prosecute Nigerian companies that are importing technologies without submitting the same for evaluation and registration. This was disclosed by the Director-General of NOTAP, Dr. Obiageli Amadiobi on Monday at a news conference in Abuja, according to Nairametrics. According to Amadiobi, under […]

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