Business

The Chairman of the Dangote Group, Aliko Dangote, has said that with the plan the Dangote Refinery has in place, Nigeria will not need to import premium motor spirit (PMS) by next month. Dangote said that the refinery, which has already started supplying diesel and aviation fuel in Nigeria, has the capacity to meet the diesel and petrol needs of…

By Innocent Raphael The Nigerian Union of Petroleum and Natural Gas (NUPENG) Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have called for the immediate withdrawal of recently imposed landing charges on helicopter operators. NUPENG’s General Secretary, Afolabi Olawale, and PENGASSAN’s General Secretary, Lumumba Okugbawa, in a joint statement, strongly criticized the Federal Ministry of…

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for Securities and Exchange Commission (SEC’s) guidance and collaboration in harmonising peer-to-peer (P2P) forex sector in the country. In an official courtesy visit to the newly appointed SEC Director-General, Dr. Timi Agama, the President of Association of Bureau de Change Operators of Nigeria, ABCON, Aminu Gwadabe congratulated the…

By Innocent Raphael The Federal Airports Authority of Nigeria (FAAN) has unveiled E-tag sales on Friday. The E-tags will allow entry into the 24 federal airports across the country. This development follows a presidential directive, approved during the latest Federal Executive Council (FEC) meeting, requiring all users of federal airports to pay tolls at the gates. A statement posted on…

By Innocent Raphael The Minister of Aviation and Aerospace Development, Festus Keyamo, has said Emirates Airlines will resume flights to Nigeria. This announcement follows Keyamo’s meeting with UAE Ambassador to Nigeria, Salem Saeed Al-Shamsi, at the UAE Embassy in Abuja. Keyamo revealed that Emirates has confirmed a specific date for the resumption of flights, which will be officially announced by…

The Federal Government thrrough Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has directed marketers to include compressed natural gas (CNG) pumps in retail stations nationwide. The chief executive officer (CEO), NMDPRA, Farouk Ahmed gave the directive during a meeting with suppliers of petroleum products on May 14 in Abuja. “We will require that CNG add on to be put…

The National Bureau of Statistics (NBS) on Wednesday disclosed that Nigeria’s inflation rate increased to 33.69 per cent in April 2024 from 33.20 per cent reported in March 2024. According to NBS, the inflation rate movement, showed an increase of 0.49percentage points when compared to the March 2024 headline inflation rate. The report stated that, “On a year-on-year basis, the…

The Central Bank of Nigeria (CBN) has confirmed the Federal Government’s appointment of nine  Pre-Shipment Inspection Agents (PIAs) effective from May 13, 2024, as part of the move to streamline and monitor oil and gas exports. The apex bank has also announced the appointment of two Monitoring and Evaluation Agents (MEAs) to oversee the activities of the PIAs in their…

By Innocent Raphael Federal Government has announced the implementation of helicopter landing levies, in a bid to align with global standards and recover operational costs. The Ministry of Aviation and Aerospace Development made the announcement on Monday in a statement signed by Odutayo Oluseyi, the Head of Press and Public Affairs of the ministry, based in Lagos. Acknowledging the pivotal…

By Innocent Raphael The Minister of Aviation and Aerospace Development, Festus Keyamo, has urged Air France-KLM to extend lower-priced ticket fares to Nigerian travellers, citing the importance of fairness in ticketing. This call came during a meeting between the Minister and representatives of the airline, as disclosed in a press statement by Keyamo’s Special Assistant on Media and Communications, Tunde…