Senate proposes airlines’ bailout as operators insist on flights’ suspension
The Senate Committee on Aviation, on Tuesday, met the Airline Operators of Nigeria over the threat by domestic airlines to suspend flight operations nationwide from Thursday due to high cost…
Fuel scarcity, others raised inflation rate to 15.7% in February –NBS
The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in January, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed…
Blackout as national grid collapses
Power generation on the national grid collapsed to zero megawatts around 10.40am on Monday, leading to widespread blackout across the country. Different power distribution companies alerted their customers about the…
E-hailing cab drivers halt operations in Rivers
E-HAILING cab drivers have halted operations in parts of Port Harcourt as they protested against an alleged unhealthy work relationship with the e-hailing companies they ride for. About 100 drivers…
FG begins agro-investment scheme for N-Power beneficiaries
The Federal Government on Monday inaugurated the NEXIT/CBN agri-business small and medium enterprises investment scheme for exited N-Power beneficiaries in batches A and B. Minister of Humanitarian Affairs, Disaster Management…
CBN sets N1m limit for cash collection centres
The Central Bank of Nigeria has pegged the minimum transaction limit for corporate and individuals transacting with Bank Neutral Cash Hubs at N1m and N500,000 respectively. The banking regulator disclosed…
Lekki seaport’ll contribute $360bn to Nigeria’s GDP – FG
The Lekki Deep Seaport in Lagos Free Trade Zone is going add about $360bn to Nigeria’s Gross Domestic Product within 45 years, the Federal Government announced on Sunday. The Minister…
Bakers threaten shutdown as diesel price soars
Bakers under the aegis of Premium BreadMakers Association of Nigeria are mulling a total shutdown of operations, following steady and fast increases in the price of diesel in the past…
Negotiations with labour on fuel subsidy removal still ongoing – FG
The Federal Government is still in negotiations with the organised labour as regards the removal of subsidy on Premium Motor Spirit, popularly called petrol, it was gathered on Sunday. Officials…
FG inaugurates 35-hectare Imo farm estate
THE Federal Government has inaugurated the rehabilitated 35-hectare Achara-Ubo Emekuku Integrated Farm Estate in Imo State, engaging about 1,000 farmers in the project. It said the rehabilitated farm estate, which…
Wakanow appoints Aleshinloye head of marketing
Wakanow, a travel agency, has announced the appointment of Muyiwa Aleshinloye as its new head of Marketing. The agency disclosed this in a statement. It said, “Effective immediately, Muyiwa will…
CBN releases operating guidelines for R200 policy
The Central Bank of Nigeria has released guidelines for the operationalisation of its R200 policy. The apex bank recently initiated the R200 policy in an effort to reduce exposure to…
