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NCAA declares airports safe despite train services halt

NCAA declares airports safe despite train services halt The Nigeria Civil Aviation Authority assured passengers of their safety at the airports and smooth airline operations as the hunger protests continue nationwide. However, train services were suspended on Thursday as a precautionary measure against damages at train stations, particularly on[Read More…]

August 2, 2024 by Eberechi Constance Comments are Disabled

Global Leaders, Stakeholders Commit To Bold Solutions For Africa At ASIS 3.0

Global Leaders, Stakeholders Commit To Bold Solutions For Africa At ASIS 3.0 The Africa Social Impact Summit (ASIS) 2024, co-convened by The Sterling One Foundation and the United Nations, was held at the Eko Convention Center from July 25-26. This landmark event highlighted the importance of collaboration across[Read More…]

August 1, 2024 by Eberechi Constance Comments are Disabled

Business

NNPC targets two million barrels oil production daily

NNPC targets two million barrels oil production daily The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to two million barrels per day by the end of the year. The country’s daily production rose from 1.27 million barrels in June to 1.6 million[Read More…]

July 31, 2024 by Eberechi Constance Comments are Disabled

Business

Nigeria seeks $500m World Bank loan for dam safety, others

Nigeria seeks $500m World Bank loan for dam safety, others The Federal Government has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the federation. The request was disclosed in World Bank’s Project Information Document on Monday. According to the document,[Read More…]

July 30, 2024 by Eberechi Constance Comments are Disabled

Business

Keyamo orders suspension of NAMA’s 800% charge increase

The Nigerian Airspace Management Agency has suspended its earlier announced increase in navigational charges by 800 per cent based on the directive of the Minister of Aviation and Aerospace Development, Festus Keyamo. This was disclosed this in a statement by the Director of Public Affairs and Consumer Protection of[Read More…]

July 30, 2024 by Eberechi Constance Comments are Disabled

Business

Pace setting Fidelity Bank MD, Nneka Onyeali-Ikpe clocks 60

There is tremendous excitement in the air as the first female Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe clocked 60 years on Sunday July 28, given her outstanding performance in the nation’s financial services sector that had earned her respect amongst banks’ top[Read More…]

July 29, 2024 by Eberechi Constance Comments are Disabled

Business

NIN-SIM Deadline: Telcos bar unregistered mobile lines from service

Telecommunications operators in Nigeria have blocked millions of lines from making and receiving calls as part of an effort to complete the process of linking subscribers’ National Identification Numbers (NIN) with their active SIMs. This is in accordance with the Nigerian Communications Commission’s (NCC) directive to bar all subscribers[Read More…]

July 29, 2024 by Eberechi Constance Comments are Disabled

Business

CAC issues guidelines for banks recapitalisation, merger

CAC issues guidelines for banks recapitalisation, merger The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on Friday, said the new directive is pursuant to its[Read More…]

July 26, 2024 by Eberechi Constance Comments are Disabled

Business

FG warns IOCs against disregarding gas flare directives

FG warns IOCs against disregarding gas flare directives The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives of various regulatory agencies in Nigeria. It stated that though a few IOCs often complied with these directives, most of the[Read More…]

July 25, 2024 by Eberechi Constance Comments are Disabled

Business

CBN increases interest rate to 26.75% amid soaring Inflation

CBN increases interest rate to 26.75% amid soaring Inflation The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices. CBN Governor, Olayemi Cardoso, announced this after[Read More…]

July 24, 2024 by Eberechi Constance Comments are Disabled

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