President Muhammadu Buhari has approved the designation of Lekki Deep Seaport, Nigeria’s deepest Seaport as a Customs Port and Approved Wharf. The Nigerian Port Authority (NPA) disclosed this in a statement posted …
Nigeria
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AfricaBusinessNewsNigeriaWestern Africa
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AfricaEducationNewsNigeriaPoliticsWestern Africa
Peter obi condemns foreign training as university strike lingers
Peter Obi, the presidential candidate of the Labour Party, has criticised the Federal Government of Nigeria over sending public officeholders on training abroad which he has described as misplaced priorities …
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AfricaNewsNigeriaPoliticsWestern Africa
Orji Uzor Kalu expresses hope over diaspora voting for Nigerians
Orji Uzor Kalu, Chief Whip of the Senate, says Nigerians in the diaspora will soon be able to vote from their countries of residence. He spoke on Thursday in Maryland …
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AfricaNewsNigeriaTransportation & LogisiticsWestern Africa
FEC permits Nigeria Air to lease aircraft for operations
The Federal Executive Council (FEC) has approved that Nigeria Air should lease three Airbus and Boeing aircraft to start operations. The Minister of Aviation, Senator Hadi Sirika, announced this Wednesday, July …
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AfricaBusinessNewsNigeriaTransportation & LogisiticsWestern Africa
Airlines cut flights as aviation fuel price skyrockets
Airlines operating in Nigeria have resorted to cutting flight schedules on major routes in the country as a result of the shortage and lingering scarcity of jet gas being experienced …
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Nigeria’s debt service ratio has been ranked the worst in the world by the Economist Intelligence Unit (EIU), the world leader in global business intelligence. Analysts at the EIU in a …
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The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Peoples Gazette on Wednesday showed the …
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The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion being revenue that was generated in June 2022 to the federal government, states and local governments …
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AfricaBusiness and EconomyNewsNigeriaWestern Africa
IMF retains Nigeria’s 2022 growth prospect at 3.4%
The International Monetary Fund (IMF) has retained projected economic growth of 3.4 percent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) …
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Nigerian equities on Monday opened the week extending its losing streak for the fifth consecutive session as investors’ investment declined by N313 billion. The All Share Index (ASI) decreased by …