African airlines’ traffic Down by 78.3% in April –IATA The International Air Transport Association (IATA) has announced that domestic travel demand improved in April 2021 compared to the prior month, although it remained well below pre-pandemic levels, while recovery in...

CBN denies report to nationalize Unity Bank The Central Bank of Nigeria (CBN) has denied media reports of plans to nationalise Unity Bank Plc. The Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, in his reaction described it as, “fake news”...

Digital currency Underway- CBN The Central Bank of Nigeria (CBN) has revealed plans to announce the coming on board of digital currency before the end of the year. The apex bank’s Director Information Technology, Rakiya Mohammed disclosed this at the end...

FG Eyes $6bn Global Coconut Market The Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum, has said the federal government is committed to supporting current efforts aimed at harnessing the immense potentials of the coconut commodity whose...

‘We are Exceeding Borrowing Threshold for 2021’-FG Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday admitted that the federal government is exceeding its borrowing plan for 2021, blaming the development on the COVID-19 pandemic and the fall...

Nigeria Sells Idle Electricity To Four Countries The Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria. Abdulaziz, who is also...