Trapped forex: Expert pushes for ticket purchase in dollars
To resolve airlines' $464m trapped funds, a former Director-General of the Nigerian Civil Aviation Authority, Dr Harold Demuren, proposed that first-class and business class passengers buy tickets in dollars. According…
Primera MFB boosts SMEs with N5bn
Small and Medium Scale Enterprises have enjoyed N5 billion in financing from Primera Microfinance Bank in 2022. According to The Punch, Primera, a fully licensed and technology-driven finance institution that…
Trapped forex: CBN releases $265m to airlines
In a move to curtail the crisis parading the aviation sector, the Central Bank of Nigeria released the sum of $265 million to airlines operating in the country to settle…
Nigeria’s GDP rose by 3.54% in Q2 2022 – NBS
The Nigeria Bureau of Statistics revealed that the country's Gross Domestic Product grew by 3.54 per cent in the second quarter of 2022. According to Nairametrics, this is an improvement…
Fashola justifies debts incurred under Buhari regime
The Minister of Works and Housing, Babatunde Fashola, stated that all debts incurred under the regime of the president, Major General Muhammadu Buhari (retd.), are justifiable. Fashola stated this at…
MTN tests 5G in Lagos, six other states
Telecommunication giant, MTN Nigeria Communications Plc on Thursday began an open 5G experiment in preparation for the imminent launch of 5G services in Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri,…
Energy transition: Solar firms to get grants, says Osinbajo
Vice President Yemi Osinbajo has revealed the Federal Government will be providing grants through its Universal Energy Facility to solar companies. Osinbajo said this on Wednesday on his verified social…
FG unveils energy transition plan, gets $3bn investment
Vice President Yemi Osinbajo Wednesday launched Nigeria's Energy Transition Plan which will help Nigeria tackle energy poverty and climate change crises. In a series of Tweets on Wednesday, Osinbajo added…
55 African businesses to receive VISA grant
Visa in collaboration with Standard Bank and the United Nations Economic Commission will be giving grants to women fund managers in South, East and West Africa. According to Nairametrics, the…
Osinbajo unveils National Council on Infrastructure
The new National Council on Infrastructure has been unveiled by the Vice President, Prof Yemi Osinbajo on Tuesday. During the unveiling, Osinbajo said the move would bridge the nation’s infrastructure…
How Nigeria recovered N86.2bn stolen oil in one month
A report has revealed how Nigeria recovered N86.2bn worth of stolen oil through the efforts of various security operatives across the 36 States of the Federation in the last month.…
Samsung leads Qatar’s mega-solar projects
Gas-rich Qatar on Tuesday announced two major solar projects that will more than double its energy output from renewable sources within two years. Energy Minister Saad Sherida al-Kaabi hailed the…
