Business

The Minister of Aviation and Aerospace Development, Festus Keyamo has revealed that  Emirates Airlines  has concluded plans to resume flights with Nigeria. This followed numerous visits from President Bola Tinubu to UAE over the communication breakdown between both countries. Featuring on Arise Television on Monday, Keyamo, said the Emirates Airline had already indicated its readiness in a letter sent to…

Tshe Capital Market Integrity, Transparency and Good Governance Group has written a petition to the President Bola Tinubu demanding the sacking of the management team of the Securities and Exchange Commission (SEC) over what it described as the poor performance of the Nigerian capital market. The group made the claim in a petition titled “Call for the removal of the…

The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them of the sale of $10,000 to each BDC at a rate of N1,101/$1. CBN in a circular stated that each BDC is instructed to sell the dollars to eligible customers at a rate not exceeding 1.5% above the purchase price. This suggests…

By Innocent Raphael The Eko Electricity Distribution Company (EKEDC) has released the list of consumers who will be affected by the recent price adjustment of tarrif in Lagos State. EKEDC disclosed the list in a post via its X handle on Sunday, responding to several requests of concerned electricity consumers over an earlier post made by the company on Thursday.…

The Nigerian Electricity Regulatory Commission (NERC) has taken enforcement action against the Abuja Electricity Distribution Plc (AEDC) for noncompliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for power distributing company. AEDC has been fined N200 million for failure to comply with the prescribed customer band classifications for the tariff billing. The management of NERC in…

As part of activities to mark the 2024 International Women’s Day, Unity Bank Plc and the Association of Nigerian Women Business Network (ANWBN) have partnered to reach out to over 90 women groups across Nigeria through the Yanga Account. At a forum held in Abuja, Unity Bank unveiled the Yanga account to the women’s group, providing opportunities for the members…

The Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message which has stirred controversy among adherents of the faith.  Western Post recalled that FIRS Easter message to Christians in Nigeria, the agency had shared a flier showing a Point of Sale (PoS) machine with the caption, “Jesus paid your debt, not your taxes”. The message triggered…

Chairman of Air Peace Airlines, Chief Allen Onyema on easter Monday, recounted how elements within the Murtala Mohammed International Airport (MMIA), Lagos, are doing everything possible to frustrate the flight operation of the airline into London, which commenced last weekend. Narrating a tale of woes, which he said started more than seven years ago with several stumbling blocks deliberately put…

Dangote oil refinery started supplying petroleum products to the local market on Tuesday, a company executive and fuel marketing associations said, a major step in the country’s quest for energy independence. The refinery, Africa’s largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the continent’s richest man Aliko…

Kunle Sanni The Minister of Aviation and Aerospace Development, Festus Keyamo, has underlined the government’s commitment to supporting Nigerian airlines in securing long-term aircraft leases at competitive rates, in line with global industry standards. The Minister emphasized that the government is dedicated to assisting domestic airlines in their international endeavors and will respond to any challenges that hinder their operations…