Economy
Physical distancing impossible on flights, says aviation minister
Minister of Aviation, Hadi Sirika said it is almost impossible to achieve physical distancing on flights without hurting the revenue...
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‘Don’t rejoice yet over $2.8b AKK Gas pipeline project’
• Socio-political Challenges, Climate Change May Undermine Project – Olawuyi • Projects That Promote Utilisation Of Gas Must Be Supported –...
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Drug/Money laundering: US, India, Ghana write FG, demand extradition of 11 Nigerians
Three countries, the United States of America, India and Ghana, have written respectively to the Federal Government requesting the extradition...
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Indisputable Place of Metering in Nigeria’s Power Stability
One of the most fundamental challenges to effective access to electricity in Nigeria is the absence of an overarching metering...
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Bank credits vulnerable to falling oil prices — MPC member
Falling prices in the oil and gas sector which gulp 26 per cent of the credit in the banking sector...
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Poor electricity costs Nigeria N10tn yearly, says World Bank
The unreliable power supply in Nigeria is causing huge economic losses, estimated at N10.1tn, yearly, the World Bank has said....
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Maintaining Downward Streak, FMDQ Turnover Dropped by N5tn in May
Turnover in the FMDQ market platform witnessed a drop of about N5.0trillion in May with turnover declined by 29.34 per...
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Sanwo-Olu: Churches, Mosques to Remain Shut in Lagos
•Cases hit 27,564, with 11,069 discharged and 628 deaths •FAAN rolls out guidelines for air travellers Governor Babajide Sanwo-Olu...
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Three million candidates apply for 400,000 N-Power jobs
Over three million applicants have enrolled for about 400,000 job spaces in the third batch of the Federal Government’s N-Power...
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Lagos schools to reopen on Aug 3 for ‘revision, exams’
Boarding activities excluded; only SSS 3, TEC 3 to resume Face mask defaulters to be arrested, prosecuted Places of worship, events...
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Passengers to pay double for domestic flights
• NCAA Grounds 18 Aircraft, Bar Non-Compliant Operators • FAAN Issues Travellers’ Mandatory Safety Protocols • Palliative For Airlines Underway,...
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NSIA grows assets to N649.84bn, records N36.15bn profit
The Nigeria Sovereign Investment Authority on Friday disclosed that it grew its total assets from N617.7bn in 2018 to N649.84bn...
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Nova Merchant Bank Raises N10bn Bond to Boost Growth
Nova Merchant Bank Limited is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its...
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GTI Asset Management Limited gets a “BBB-(IM)”
Rating expires 1 June 2021 Agusto & Co assigns a BBB-(IM) to GTI Asset Management & Trust Limited ('GTI-AML' or 'the Manager')....
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Agusto & Co. assigns an “A-(f)” rating to Zenith Money Market Fund
The rating expires on 31 March 2021. Agusto & Co affirms the A-(f) rating assigned to Zenith Money Market Fund (“Zenith...
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Q1 petrol imports rise to 5.32 billion litres
The volume of petrol imported into the country in the first three months of the year rose by 9.24 per...
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Petrol price: NLC demands reversal, NECA backs govt
The Nigeria Labour Congress has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory...
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AMCON takes over Pan Ocean assets over N240 billion debt
The Federal High Court, presided over by Justice A.M. Liman, in the suit between the Asset Management Corporation of Nigeria...
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Foreign reserves fell by $373.23m in June – CBN
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from...
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‘Domestic debt servicing gulps N609.13b in Q1’
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management...
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Investors lose N115bn as stocks reverse gains
Investors lost a total of N115bn on Thursday as the nation’s stock market closed in the red amid profit-taking activities....
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Pandemic Accelerating Digital Transformation, Says RMB Boss
The Chief Executive Officer of RMB Nigeria and the bank’s Regional Head for West Africa, Mr. Michael Larbie, has said...
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Domestic flights resume in Lagos, Abuja July 8
The Minister of Aviation, Hadi Sirika, has announced that Abuja and Lagos airports will reopen for domestic operations on July...
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Agusto & Co. affirms the “Aa-” rating assigned to Rand Merchant Bank Nigeria Limited
The rating expires on 30 June 2021. The rating assigned to Rand Merchant Bank Nigeria Limited (“RMBN” or “the Bank”) reflects its...
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Petrol price hits N143.8, stakeholders push for total deregulation
The pump price band for Premium Motor Spirit has been increased from N121.5 – N123.5/litre to N140.8 – N143.8/litre for...
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