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BUSINESS

Airline operators have canvassed the overhaul of the procedures adopted by the civil aviation regulator in the issuance of the all-important Air Operators Certificate (AOC), a mandatory requirement before airlines could embark on commercial scheduled flights.

Airline operators have canvassed the overhaul of the procedures adopted by the civil aviation regulator in the issuance of the all-important Air Operators Certificate (AOC), a mandatory requirement before airlines could embark on commercial scheduled flights. The carriers have expressed concerns over the four-stage laborious and revenue depleting procedures adopted by the Nigeria Civil Aviation Authority (NCAA) in considering carriers that qualify to be issued the licence. Rather than sticking to the […]

todayAugust 2, 2021

BUSINESS

Petrol consumption in Nigeria leaped by 340 million litres within a space of one month, figures released by the Nigerian National Petroleum Corporation showed on Sunday.

Petrol consumption in Nigeria leaped by 340 million litres within a space of one month, figures released by the Nigerian National Petroleum Corporation showed on Sunday. Providing data contained in its March 2021 financial and operations report, the oil firm said 1.75 billion litres of Premium Motor Spirit, popularly called petrol, was consumed in March 2021. Findings have shown that from the corporation’s earlier report the consumption in February 2021 […]

todayAugust 2, 2021

BUSINESS

The Senate has demanded a refund of funds totalling N665.8bn which were allegedly diverted by the Office of Accountant General of the Federation from the Solid Mineral Development Fund and Stabilisation Fund to ministries, departments and agencies of the Federal Government.

The Senate has demanded a refund of funds totalling N665.8bn which were allegedly diverted by the Office of Accountant General of the Federation from the Solid Mineral Development Fund and Stabilisation Fund to ministries, departments and agencies of the Federal Government. The beneficiaries, according to the Office of the Auditor General of the Federation, included Independent National Electoral Commission, Ministry of Power, Nigerian Army, as well as former President Goodluck […]

todayJuly 29, 2021

BUSINESS

The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators.

The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators.   Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed that the naira was bought and sold for 502 and 503.5.   The naira had earlier traded at 504/$ early in July.   At the Investors & Exporter forex window, […]

todayJuly 26, 2021

BUSINESS

Ahead of the two-day Monetary Policy Committee meeting starting on Monday, a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate.

Ahead of the two-day Monetary Policy Committee meeting starting on Monday, a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate. The CBN had at its meeting in May retained the MPR at 11.5 per cent, the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively. Speaking with reporters a former President, Association of National Accountants […]

todayJuly 26, 2021 2

BUSINESS

Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday.

Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday. The NGX All-Share Index closed 1.90 per cent higher to 38,667.90 basis points on Friday from 37,947.18bps the previous week, while the market capitalization rose to N20.15tn from N19.77tn. Investors’ trading volumes dropped by 11.27 per cent […]

todayJuly 26, 2021

BUSINESS

The Federal Government has extended the deadline for NIN-SIM data verification to October 31.

The Federal Government has extended the deadline for NIN-SIM data verification to October 31. This was contained in a joint statement signed by the Director of Public Affairs of the Nigerian Communications Commission, Dr Ikechukwu Adinde, and the Head, Corporate Communications at Nigeria Identity Management Commission, Mr Kayode Adegoke issued on Saturday. According to the statement, the extension was due to a request by stakeholders to ensure that the registration […]

todayJuly 26, 2021 1

BUSINESS

Nollywood actress, Iyabo Ojo has appreciated critics for making her more famous.

Nollywood actress, Iyabo Ojo has appreciated critics for making her more famous. In an Instagram post, the movie star was full of thanks for those who continuously defame her at every point. According to Iyabo Ojo, their constant hate has brought her fame. The mother of two further stated she would be showing proper appreciation to them by organising a giveaway even though she has blocked most of them on […]

todayJuly 22, 2021 3

BUSINESS

The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start delivering refined products by September next year, the Nigerian National Petroleum Corporation has said.

The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start delivering refined products by September next year, the Nigerian National Petroleum Corporation has said.   NNPC officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of PHRC on April 6th and parties in the agreement announced the commencement of the project.   Speaking on Tuesday on the […]

todayJuly 21, 2021 3

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