Featured Archives

Inflation rate hits 22.79% in June – NBS

The National Bureau of Statistics on Monday disclosed that Nigeria’s inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023. The News Agency of Nigeria reported that the inflation rate rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the […]

aadelekepdnlimited-com
17th July 2023
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Lebanon to sell unlimited US dollars to save crashing pound

Economy featured

Nigeria’s external reserve drops by $2.9bn in 2023 H1 — Report

Nigeria’s external reserve has fallen by about $2.8 billion in the first half of 2023 as Nigeria continues to struggle with weak crude oil output and a lack of foreign investor participation in the capital market. Nairametrics reported that the external reserves at the beginning of the year was at $37 billion but have […]

aadelekepdnlimited-com
2nd July 2023
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Tony Elumelu Foundation to support female farmers

featured Opinion

Investing in Africa’s power sector’ll alleviate poverty – Elumelu

The Chairman of Heirs Holdings, Tony Elumelu, has called on the private sector stakeholders to ensure adequate investments in Africa’s power sector in order to alleviate poverty. Elumelu, who is also the chairman of Transcorp Power Limited, made this statement on Monday, while receiving the discharge certificate of the Ughelli power plant. The […]

aadelekepdnlimited-com
9th May 2023
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55 Views

Aviation featured

International airlines raise exchange rate to N551/$1

International Airline operators in Nigeria have reportedly adjusted their exchange rate from N462/$1 to N551/$1. Nairametrics reported that airlines adjusted the exchange rate on their Global Distribution System owned by Amadeus. The exchange rate between the naira and dollar sold as high as N551/$1 for the second straight day, on the official spot […]

aadelekepdnlimited-com
23rd March 2023
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63 Views

Electricity featured

Electricity: ‘I’ll declare war’ on power sector, vows Obi

The presidential candidate of the Labor Party, Peter Obi, at the Chatham House on Monday said he is going to declare war on power in Nigeria.This, he said, referring to the challenges ravaging the power sector of the country.The former Anambra state governor speaking on: ‘House On Policy Changes governance in Nigeria’ said that Nigeria’s […]

aadelekepdnlimited-com
16th January 2023
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50 Views

Disney buys streaming firm BAMTech

Disney is now officially a 100% stakeholder of BAMTech, the streaming technology services group that powers Disney+ and the company’s other direct-to-consumer services. Recall that, earlier in November, Disney paid $900 million to Major League Baseball to buy out the league’s remaining 15% stake in BAMTech, the media conglomerate disclosed in an SEC filing […]

aadelekepdnlimited-com
30th November 2022
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55 Views

Economy

How more taxes’ll reduce debt load – FG

The Federal Government said the collection of more taxes and is diversion to the right fiscal sectors of the economy will help curtail excessive external borrowing and lessen the high debt burden in Nigeria. According to The Punch, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a tax expenditure workshop […]

sadeniyipdnlimited-com
19th October 2022
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110 Views

Aviation featured

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 to The Punch, Demuren told the Federal Government adding that the economy class passengers can buy their tickets in naira, which he proposed will help […]

sadeniyipdnlimited-com
29th August 2022
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69 Views

Electricity

Electricity workers suspend indefinite strike

Less than 24 hours after embarking on a nationwide strike, the electricity workers under the joint umbrella of the National Union of Electricity Employees and Senior Staff Association of Electricity and Allied Companies have suspended their industrial action for two weeks. AMBusiness reported that a blackout was experienced across the country after the striking workers […]

enitan
17th August 2022
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63 Views

Auction abandoned containers at seaports, NPA urges Customs

Ports and Airports

Nigeria to benefit from UK’s new trade scheme

The United Kingdom is set to introduce a new trading scheme that will benefit Nigeria, and other African countries amid the global recession. The PUNCH quoting Uk’s International Trade Secretary Anne-Marie Trevelyan reported that the UK will cut price tariffs on hundreds of everyday products exported into the country from 2023. A wide variety of […]

enitan
17th August 2022
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83 Views

News

Traders stranded as Nigeria, Benin link-bridge collapse

The bridge between Nigeria and the Republic of Benin collapsed on Monday, halting international trade between the two nations. The bridge was located in Chikanda, in the Baruten Local Government Area of Kwara State. According to The PUNCH, the bridge fell following a rainstorm that began last Sunday and lasted until Monday. Reported also indicated […]

oamudipepdnlimited-com
17th August 2022
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95 Views

News

Controversy as Seplat disputes ExxonMobil deal cancellation

Hours after the President, Major General Muhammadu Buhari (retd.), announced the withdrawal of the approval given to Seplat Energy to buy Mobil Producing Nigeria Unlimited’s shares, the company Thursday stated that it had not heard from the Federal Government on the reversal. According to The PUNCH, the company added that it was requesting clarification from […]

oamudipepdnlimited-com
12th August 2022
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60 Views

FG unveils locally-made machines to cut housing costs

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