AMCON vows to recover N227 billion debt from Arik Air
The Asset Management Corporation of Nigeria has reiterated its commitment to recovering the N227 billion debt owed by Arik Air, while intensifying…
News
Transport Minister calls for increased infrastructure funding
The Minister of Transportation, Senator Said Alkali, has urged for increased funding to sustain and expand the country’s transportation infrastructure, as outlined…
US Supreme Court upholds TikTok ban, gives deadline for shutdown
The United States Supreme Court has upheld legislation that mandates a nationwide ban on TikTok unless its parent company, ByteDance, divests ownership…
SpaceX Starship explodes, airlines divert flights
Elon Musk’s SpaceX Starship rocket exploded in space shortly after its Thursday launch from Texas, with the debris visible over the Caribbean.…
US probes engine failure risk in over 870,000 GM trucks
The United States National Highway Traffic Safety Administration has initiated a preliminary investigation into more than 870,000 General Motors vehicles, including full-size…
Standard Alliance Insurance addresses delay in financial statement filings
Standard Alliance Insurance has explained the unavoidable delay in filing its Unaudited and Audited Financial Statements for the year ending December 31,…
Fuel subsidy removal triples FAAC allocation to N3.2tn – Presidency
The removal of the fuel subsidy by President Bola Tinubu’s administration has led to a significant increase in the revenue shared among…
EU allocates €510m humanitarian aid to Nigeria, others
The European Union has unveiled an initial €1.9 billion humanitarian aid package for 2025, with €510 million earmarked for Nigeria and other…
FG to convert 10,000 vehicles to CNG in 10 weeks
The Federal Government has initiated the 10-for-10 Campaign, aiming to convert 10,000 commercial vehicles to run on Compressed Natural Gas within a…
FG no longer involved in fixing fuel prices – Minister
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that international crude oil prices are a key factor driving…
Governors, tax reform committee agree on revised 50% VAT equality
Nigerian governors have approved a revised Value Added Tax formula, which allocates 50% based on equality, 30% on derivation, and 20% on…
NEXIM partners US EXIM Bank to boost US-Nigeria trade ties
The Nigerian Export-Import Bank and the Export-Import Bank of the United States signed a Memorandum of Understanding on Thursday to strengthen trade…