Fuel subsidy affecting Nigeria’s debt serving – Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed had expressed worry over the continuous retention of the controversial fule subsidy regime by the federal government, adding that…
Fuel subsidy overtakes education, health budgets, World Bank warns
The World Bank says the cost of fuel subsidy in Nigeria has exceeded the government’s spending on health, education and social protection for Nigerians. It, therefore, said that removing fuel…
Airbus Helicopters partners Nigerian company
Airbus Helicopters Company has signed a partnership deal with EAN Aviation Limited, making the Nigerian company a distributor for Airbus Helicopters in West Africa. According to a statement, the strategic…
Dollar shortage persists after party primaries
Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer. Between June…
Travelling via airports nightmarish, persons with disability lament
When a polio survivor, Sussan Kelechi Ihuoma, woke up on the bright, sunny morning of April 21 2021, she did so with a smile on her face and with so…
N1.04tn lost to overseas aircraft repairs in 2021 – FG
Nigeria lost $2.5bn (about N1.04tn at the official exchange rate of N415.63/$) to other countries in 2021 for the Maintenance, Repair and Overhaul services on Nigerian aircraft and other facilities,…
Diesel price to hit N1,500 in two weeks – Marketers
The pump price of diesel is projected to reach N1,500 from the current N800 within the next two weeks. The Natural Oil and Gas Suppliers Association made this known on…
Dangote Cement shareholders approve 25% dividend rise
Shareholders of Dangote Cement Plc on Tuesday approved a 25 per cent rise in dividend payment for the 2021 financial period. The shareholders approved N20 per share for the year…
MultiChoice appoints Chief Operating Officer
MultiChoice Nigeria has appointed Ayo Ajala as its chief operating officer. As the chief operating officer for MultiChoice Nigeria, he will oversee customer functions and the business operations of the…
UK court rules against FG as Nigeria loses $1.7bn JP Morgan case
A United Kingdom court Tuesday ruled against Nigeria in its $1.7 billion claims against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in…
Abuja queues persist as NNPC supplies 1.5bn litres of fuel
Latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited show that the oil firm evacuated 1.523 billion litres of PMS…
Stock market investors gain N158bn
Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased…
