FG insists on suspension of Nigeria -Niger Republic flight The Nigerian Airspace Management Agency has aid the ban on flights between Nigeria and Niger Republic persists. NAMA clarified that authorised exemptions to the ban include over-flight aircraft traversing Nigerian airspace, aircraft in a state of emergency, and special[Read More…]
NCRIB tells FG to reconsider Classification of NAICOM as Revenue Generating Agency The Nigerian Council of Registered Insurance Brokers has called on the Federal Government to reconsider its stand on the directive classifying the National Insurance Commission as revenue generating agency. Prince Babatunde Oguntade, the President of the[Read More…]
FG to pay N1.6trn electricity subsidy in 2024, as NERC approves new tariffs for DisCos The Nigerian Electricity Regulatory Commission (NERC) has approved new electricity tariffs for the 11 distribution companies (DisCos) in the country, with effect from January 1, 2024. NERC’s chairman, Sanusi Garba, made this known on[Read More…]
FG approves Air Peace, Flynas, Max air for 2024 haji pilgrimage The Federal Government has approved three airlines, Air Peace, Flynas and Max Air, to serve as exclusive carriers to airlift passengers for the 2024 Hajj pilgrimage. Similarly, the government has approved three cargo companies, Cargo Zeal Technologies Limited,[Read More…]
FG to begin new regulation for digital money lenders in 2024 The Federal Government of Nigeria has said that it will implement a new regulatory framework for digital money lenders, DMLs, known as loan apps. The Chief Executive Officer of the Federal Competition and Consumer Protection Commission, FCCPC,[Read More…]
FG, Kuwait sign air pact The Federal Government has signed a Bilateral Air Service (BASA) agreement with the State of Kuwait. Represented by the Minister of Aviation and Aerospace Development, Festus Keyamo, the accord between the two countries was formalised at Riyadh during the International Civil Aviation Organization (ICAO), ICAN[Read More…]
FG declares 4IR technologies application open The Federal Government on Monday declared open applications for the Fourth Industrial Revolution technologies (4IRTA) which is meant to optimise Nigeria’s economy. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani disclosed this in a statement on X with the[Read More…]
FG welcomes Mexican investors, promises incentives The Minister of Solid Minerals Development, Dele Alake, has lauded the decision of investors from the Republic of Mexico to visit Nigeria in search of investment in solid minerals. The Minister in a statement signed by the Special Assistant to the Minister on[Read More…]
FG says Nigeria lost N4.3tn to oil theft in five years The Federal Government, on Monday, revealed that more than N4.3tn worth of crude oil was stolen in 7,143 pipeline vandalism cases within a period of five years. It disclosed this at the Nigeria International Pipeline Technology and Security Conference[Read More…]
FG to approve Seplat’s acquisition of $1.3 billion ExxonMobil assets Seplat Energy Plc, a leading Nigerian independent energy firm registered on the Nigerian Exchange Limited and the London Stock Exchange, has said that the federal government will approve the acquisition of $1.3 billion ExxonMobil’s shallow-water assets. The FG had previously[Read More…]
