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Aviation

Aviation ministry, private firms collaborate on MMIA renovation

The federal government has announced that it has declared that it has obtained commitments from multiple corporations in the private sector to start renovating Wing D’s arrival and departure sections at Murtala Mohammed International Airport. This was revealed by the Minister of Aviation and Aerospace Development, Festus Keyamo in an interview with President Bola Tinubu’s […]

Aviation

Qatar Airways close to complete acquisition of RwandAir

The Chief Executive Officer of RwandAir, Yvonne Makolo has said he expects Qatar Airways to complete its purchase of a majority interest in the central African country’s carrier as early as next month. Makolo said “It’s been going on for a while, we have been discussing it for almost five years. So, now, we’re really […]

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Nigerian airspace completely covered by radar, says NAMA

The Nigerian Airspace Management Authority affirms that the Nigerian airspace is completely covered by radar. This was disclosed in a statement by the Managing Director of NAMA, Mr. Ahmed Farouk, on Saturday in Lagos, according to Thisday. Farouk stated that Nigeria’s radar stations, located in Kano, Lagos, Abuja, and Port Harcourt, are all operational. He […]

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Inflation rate surges to 33.95% in May 2024 – NBS

Nigeria’s annual inflation rate rose to 33.95 percent in May, marking the fourth consecutive month of increases, as citizens grapple with the high cost of food and goods. The National Bureau of Statistics released the latest Consumer Price Index report, on Saturday which showed that Nigeria’s inflation rate increased to 33.95% in May 2024 from […]

Aviation

Dubai’s new airport to handle 260m passengers annually

The CEO of Dubai Airports, Paul Griffiths, has stated that after the $35 billion Al Maktoum International Airport extension is finished, the emirate will be known as the best, largest, and busiest air passenger terminal in the world, handling 260 million passengers annually. This was disclosed by Griffiths in an interview with Al Arabiya English, […]

News

Technical, financial support to Nigeria worth over $15bn – W’Bank

The World Bank has stated that its technical advisory and finance to support economic growth in Nigeria today totals more than $15 billion. This follows the bank’s disclosure that it had invested in sectors such as reliable power and sustainable energy, girls’ education and women’s economic empowerment, climate adaptation and resilience, water and sanitation, and […]

News

NUPRC deploys fund managers for Host Community Trust Funds

The Nigerian Upstream Petroleum Regulatory Commission stated it had identified 31 competent fund managers to invest 20% of the 3% yearly funds accruing to Host Communities Development Trust Funds. This was disclosed by the Chief Executive Officer of NUPRC, Engr. Gbenga Komolafe in his keynote address during a Town Hall meeting held at Watbridge Hotels, […]

Business

TotalEnergies shareholders authorise N8.49bn dividend

TotalEnergies Marketing Nigeria Plc’s shareholders have authorized a dividend of N8.49 billion for the fiscal year 2023, at N25 per share. This was disclosed at the 46th Annual General Meeting of the company which was held on Friday in Lagos. According to the company’s annual report, the board suggested a dividend of N25 per share […]

News

Wema Bank obtain regulatory approval for N40bn rights issue

Wema Bank has obtained regulatory permission for the allotment of its N40 billion rights offering, which began in December 2023. This marks the completion of the first tranche of its recapitalisation exercise, which began before the Central Bank of Nigeria urged banks in the country to broaden their capital base. This was disclosed in a […]

 Tapswap postpones token allocation indefinitely
Tech

Tapswap project to debut on Open Network blockchain

The Tapswap team has finally announced that their project will now debut on the Open Network blockchain, allaying any doubts regarding the blockchain. This was disclosed in a statement by the Tapswap team via their official X account, stating why it would be launched on the TON blockchain. “Exciting News: Blockchain Announcement We’re thrilled to […]

News

French Embassy unveils €753,000 waste management project in Nigerian universities

The French Embassy in Nigeria, through its Cooperation and Cultural Department, has initiated a €753,000 plastic waste management project that will be implemented in 13 Nigerian colleges. This was disclosed by the Science and Higher Education Attache, Mr Sebastien Bede, at a news conference on Friday in Abuja, according to Nairametrics. Bede said that the […]