Business

The Nigerian Airspace Management Agency (NAMA) has grounded several aircraft belonging to Arik Airline due to an outstanding debt of $2.5 million. The decision follows an order from the enforcement department of the Federal Capital Territory (FCT) High Court. According to a statement released by NAMA on Tuesday, the grounding of Arik’s aircraft is a direct consequence of the court…

Telecoms firm, MTN, has closed down its offices nationwide following the vandalism of the company’s properties on Monday.  Some MTN offices were vandalised by aggrieved customers whose lines were disconnected for defaulting in the NIN-SIM linkage policy. Hours after the incident, MTN said it was closing its offices nationwide on Tuesday. “Yello customer, please be informed that our shops nationwide…

Community Energy Social Enterprise Limited (CESEL) has partnered Mechanized Agriculture Investment (MAIS) Limited to deploy solar irrigation systems across 20,000 hectares of farmland in Kogi State. According to a statement, the partnership seeks to boost food production, create jobs, and enhance food security in Nigeria. The project will focus on key crops like rice, cassava, and soybeans, while also exploring…

Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending across Nigerian consumers. The bank said customers can access the bank’s digital loans for businesses, vehicle financing, school fees payment, among others. QuickBucks Loans allow customers to get that assistance fast and easily. Since the introduction of its first digital PayDay loan in 2017, Access Bank has issued…

The Association of Licensed Telecommunication Operators of Nigeria (ALTON) has refuted online reports suggesting that the ongoing subscriber line barring exercise is connected to the planned national protest, #EndBadGovernanceInNigeria. On Saturday, many Nigerians were barred from making or receiving calls by their mobile operators, just days before the nationwide protest scheduled for August 1. However, ALTON, in a statement clarified…

The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM), over the weekend, threatened to renew agitation for greater autonomy and control of their natural resources, if the Nigerian National Petroleum Corporation (NNPC) and the International Oil Companies (IOCs) fail to sell and supply crude oil to Dangote Refinery and other local Refineries, in their bid to ensure that Nigeria…

Nigerian Communications Commission (NCC) has ordered MTN Nigeria, other telecommunication companies to immediately reactivate lines affected by National Identification Numbers (NIN)- Subscriber Identification Modules (SIM) verification Issues. The Director, Public Affairs, NCC, Reuben Muoka in a statement on Monday stated that the commission over  the weekend noticed  many telecom subscribers/ consumers were unable to access their phone lines because of…

Access Bank Plc has been honoured at the Euromoney Awards for Excellence 2024, being named Nigeria’s Best Bank and Ghana’s Best Bank for Environmental, Social, and Governance (ESG). These accolades highlight the Bank’s outstanding performance and commitment to sustainable practices across its operations in Africa. For over two decades, Access Bank has consistently demonstrated its ability to innovate and provide…

The 28th Annual Conference of the League of Airport and Aviation Correspondents (LAAC) commenced with a powerful call for strategic innovation and collaboration to ensure the future of Nigeria’s aviation sector is protected. Held in Lagos on Friday July 26, the conference themed: “Aviation Sustainability Amidst A Challenging Macro-Economic Environment”, drew industry leaders, stakeholders, and experts to discuss pressing issues…

Thousands of Nigerians woke up on Sunday to find their SIM cards barred by MTN Group Limited, sparking widespread outrage. The telecommunications giant claimed that the affected subscribers had failed to link their National Identification Number (NIN) with their SIM cards. In response, scores of disgruntled subscribers stormed MTN offices in major cities, including Osogbo in Osun State; Ikeja, and…