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Tag: Nigeria

Nigeria's mineral production rose by 39% in 2021 - NBS
Business

Nigeria’s crude oil production declines by 13%

The Nigerian Bureau of Statistics has  said crude oil production, which represents about two-thirds of government revenue and 90 per cent of its foreign exchange reserves, declined by 13.3% per cent against 2021 in the fourth quarter of 2022. According to the bureau’s most recent data, Nigeria produced 1.3 million lesser barrels of oil per day […]

The vice president of Nigeria, Prof. Yemi Osinbajo
Economy

Osinbajo confident Gateway Agro Cargo International Airport’ll boost economy

IsinThe Vice President of Nigeria, Professor Yemi Osinbanjo has said that the Gateway Agro Cargo International Airport will enhance economic growth and development nationwide. He said this on Thursday, February 23 during the first flight that took place on the just constructed Gateway Agro Cargo International Airport in Iperu, Ikenne Local Government Area of Ogun […]

The Chairman of EFCC
Business

Naira scarcity: Over N500bn old notes still in circulation, says EFCC

The Chairman of the Economic and Financial Crimes Commission, Mr. AbudulRasheed Bawa, on Wednesday said that over N500 billion of the old N1000 and N500 notes are still out of the Central Bank of Nigeria. This, he disclosed while speaking during an interview on Channels Television’s “The 2023 Verdict” programme. On finding out how prepared […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Business

Nigeria’s GDP growth rate records 3.10% decline – NBS

The Nigerian annual Gross Domestic Product recorded a 3.1 percent growth in 2022, this represents a 0.3 percentage point decline from the 3.4 percent recorded in 2021. This was disclosed by the National Bureau of Statistics in the just released GDP report for the fourth quarter, Q4’22. However, the GDP growth in the fourth quarter […]

The First Lady, Aisha Buhari
Business

Old naira: Aisha Buhari blames hacker for fake post

The First Lady of Nigeria, Aisha Muhammadu Buhari has blamed hackers for the fake post regarding the recirculation of the old naira notes which went viral in the early hours of Tuesday. This declaimer was shared to the public in a facebook post Aisha made in the late hours of Tuesday. The Facebook post reads […]

Pilot training school. Aviation School in Nigeria
Business featured

Aspiring pilots pause studies as Aviation schools hike tuition

A number of aspiring pilots who applied to study at aviation schools were forced to pause their plans because of the over 100% tuition hike in Nigeria. BusinessDay’s findings revealed that the major licensed schools for pilot training which are Nigerian College of Aviation Technology, Zaria and International Aviation College, Ilorin, have hiked fees by […]

The Green-White-Green flag of Nigeria
Business

Group partners NGO to boost Nigeria’s infosystems

A group which works with the government to provide solutions to pressing challenges, Palladium,  has partnered with Nigeria Network of NGOs to create an information system and public directory to boost the operations of the Civil Society Organisations. This was disclosed to The Punch on Monday in a statement made by the Communications Lead, Nigeria […]

Air Peace resumes operations after NiMet strike suspension
Business

Air Peace leads domestic flight operations in 2022 – Report

A domestic and international airline in Nigeria, Air Peace, leads other domestic airlines as it records 24,449 flight operations. This is the highest flight operations followed by 10,910 operations of IBOM airline. This was according to the Executive Summary of International and Domestic Flight Operations in Nigeria from January to December 2022 gotten from the […]

Nigerian National Petroleum Corporation Limited logo
Business

NNPCL finishes pipeline repairs at depots

The Nigerian National Petroleum Corporation Limited has finished repairing the pipeline at the Satellites depots area. The Punch reported that the repairs were carried out through NNPCL Pipeline and Marketing, one of the NNPCL subsidiaries. According to the report, the Chairman of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired. Also, It […]

The old 500 and 1000 naira noted
Business

CBN orders banks to collect the N500, N1000 notes

The Central Bank of Nigeria has ordered commercial banks to collect the N500 and N1000 notes from people as deposits, with immediate effect. However, the apex bank still stands on the fact that the old N500 and N1000 are no longer legal tender. Meanwhile, they are still redeemable when taken to commercial banks. CBN pegged […]

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