Bread makers have said they would commence a four-day warning strike tomorrow, July 21 to protest the unbearable cost of doing business in Nigeria. In a statement on Wednesday, the …
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- AfricaBanking, Finance & InvestmentNewsNigeriaWestern Africa
CBN to place restriction on accounts of Nigerians converting Naira to the US dollar.
The Central Bank of Nigeria (CBN) has issued a stern warning to Nigerians converting Naira to the US dollar. According to CBN, it would place a post-no debit on bank …
President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company ( NNPC) Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a …
- AfricaBusinessEastern AfricaFood ProductionKenyaNewsTrending Today
State eases maize flour prices to Sh100 until elections
The government has subsidised the price of maize flour to Sh100 for a two-kilogramme packet in a deal with millers aimed at diffusing public outrage over the high cost of …
- AfricaBusinessNewsNigeriaTechnologyWestern Africa
Flutterwave to shut down virtual dollar card service from July 17, 2022
Fintech company, Flutterwave, has said it will be shutting down its virtual dollar card service also known as Barter card, effective from July 17, 2022. The company disclosed this in …
The National Bureau of Statistics on Friday revealed that the nation’s headline inflation rate increased to 18.60 per cent in June, up from 17.71 per cent in the previous month. …
- AfricaBusiness and EconomyNewsNigeriaWestern Africa
Naira hits 620/$ at parallel market as FX demand surges
The naira fell to N620 per dollar yesterday at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8 percent from …
- AfricaGlobal NewsNewsNigeriaTechnologyTransportation & LogisiticsWestern Africa
Air peace records full load factor on inaugural flight to China
Air peace yesterday recorded full load factor of 240 passengers on its inaugural flight from the Murtala Muhammed International Airport, Lagos to Guangzhou, China. This was also as the airline …
- AfricaNewsNigeriaTransportation & LogisiticsWestern Africa
N1.04tn lost to 2021 aircraft repairs in foreign countries – FG
Nigeria lost $2.5bn (about N1.04tn at the official exchange rate of N415.63/$) to other countries in 2021on Nigerian aircraft Maintenance, Repair and Overhaul services and other facilities, the Federal Government …
The The Nigerian Exchange (NGX) has upgraded Skyway Aviation Handling Company (Sahco) Plc from a low-priced stock to medium-priced stock following recent appreciation in the share price of the aviation …