Minister Faults Foreign Airlines Over Blocked Funds, Others The Federal Government has dismissed threats by foreign airlines to suspend operations in Nigeria over their inability to repatriate their blocked forex from the country. The Minister of Aviation, Senator Hadi Sirika, said...

Cooking Gas: Marketers Caution Against Panic Buying   The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerians against panic buying of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas as a result of the Force Majeure declared...

Naira Drops Across Markets As Forex Reserves Dwindle   The naira has continued its free fall across the exchange markets as Nigeria’s foreign exchange (forex) remained depressed amidst dwindling crude oil production. Post-trading data at the weekend showed that the naira during...

Fed Govt’s Earnings From Spectrum Sales Rise To $1.09bn   The Federal Government through the Nigerian Communications Commission (NCC) is set to make at least $1.09bn (N476bn) from the sale of four 5G spectrums. This is after the NCC revealed in a...

In One Year , Airfares Rose By 96.87%   The National Bureau of Statistics has stated that air transportation rose by 96.87 per cent in one year. In its report titled ‘transport fare watch’ (September 2022), the Bureau noted that the average...

Stock Investors Lose N1.7trn In A Week   Investors lost N1.7tn at the end of trading on the floor of the Nigerian Exchange Limited last week, following major dips in Airtel Africa Plc, Beta Glass Plc, and NEM Insurance Plc stocks. The...