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Category: Business
Naira gains massively, hits N1,485.95 per dollar
The naira recorded massive gains, the highest in months, to continue its appreciation streak against the dollar on the foreign exchange market. FMDQ data showed…
Nigeria secures $1.1 AfDB loan to provide electricity for 5m people
Nigeria has secured a $1.1 billion loan from the African Development Bank to provide electricity for 5 million people by the end of 2026. President…
PETROAN reacts as NMDPRA issues gas distribution licences to marketers
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has said the issuance of gas distribution licences to petroleum marketers is instrumental in repositioning…
Hardship: Nationwide protest looms as Nigerians reject telecom tariff increase
A nationwide protest is currently brewing in Nigeria following the recent approval by the Nigerian Communications Commission (NCC), for telecommunication operators to increase tariff by…
What CBN must do to win fight against rising inflation – World Bank, IMF
The World Bank Group and International Monetary Fund (IMF) have told the Central Bank of Nigeria how to win a fight aimed at tackling the…
Naira gains N20 weekly against Dollar
The Naira gained N18.85 and N20 against the dollar on a week-on-week basis, respectively, at the official and parallel foreign exchange markets. At the official…
Flight delays, cancellations should be strictly penalised – FG panel
The Federal Government, through the Central Results Delivery Coordination Unit, has urged the Ministry of Aviation and Aerospace Development and the Nigerian Civil Aviation Authority…
50% Telecoms tariff hike: Subscribers reject planned NLC shutdown
The National Association of Telecommunications Subscribers (NATCOMS) has rejected the shutdown and boycott of telecom service proposal by the Nigeria Labour Congress in protest of…
Naira drops against dollar on official, black markets
The naira dipped against the dollar in both official and parallel foreign exchange markets on Tuesday. FMDQ data showed that the naira weakened further for…
Nigerian airline secures IATA certification
A Nigerian airline, Air Peace, has secured International Air Transport Association Operational Safety Audit (IOSA), certification. The company made this known in a statement sent…