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Sunday, April 11, 2021

African Airlines’ Traffic Declined By 68% In February

African Airlines’ Traffic Declined By 68% In February     African airlines’ traffic reduced by 68 per cent in February compared to the figure obtained in February...

CBN Freezes Eleven Bank Accounts

CBN Freezes Eleven Bank Accounts     The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to...

Shippers Count Losses, NPA Resumes Export Receipts

Shippers Count Losses, NPA Resumes Export Receipts       Shippers in the country have said they lost N780bn in 2020 because they could not access shipments in...

Jaiz Bank’s 2020 PBT Hits N3.07bn

Jaiz Bank's 2020 PBT Hits N3.07bn Jaiz Bank Plc, the premier Non-Interest Bank in Nigeria has declared a Profit Before Tax(PBT) of N3.07 billion for...

USSD Charges: MTN, Banks To Resume Talks Today

USSD Charges: MTN, Banks To Resume Talks Today       The meeting between MTN and Deposit Money Banks (DMB) that was held in Lagos ended inclusively yesterday...

DPR Revokes Addax PSCs’ Licences

DPR Revokes Addax PSCs’ Licences     The Federal Government has revoked the four Production Sharing Contracts (PSC) operated by Addax Petroleum Development Nigeria Limited (APDNL). The Director,...

FMDQ Exchange To Begin Derivatives Trading Soon

FMDQ Exchange To Begin Derivatives Trading Soon     FMDQ Securities Exchange Limited yesterday said that the implementation of its derivatives market development project was nearing completion...

FG Insists PIB’ll Resolve Oil Sector’s 70-Year Underdevelopment

FG Insists PIB'll Resolve Oil Sector’s 70-Year Underdevelopment       The federal government has said that when passed, the Petroleum Industry Bill (PIB) will resolve most of...

‘Nigeria Can Export $3bn Worth Of Cocoa Derivatives Under AfCFTA’

‘Nigeria Can Export $3bn Worth Of Cocoa Derivatives Under AfCFTA’       The federal government has disclosed that by taking advantage of the African Continental Free Trade...

NSE: Market Resumes From Easter Holidays With N78bn Loss

NSE: Market Resumes From Easter Holidays With N78bn Loss       The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of...

NNPC Signs $1.5bn P/Harcourt Refinery Repair Contract, Targets 18-month Completion

NNPC Signs $1.5bn P/Harcourt Refinery Repair Contract, Targets 18-month Completion       The Nigerian National Petroleum Corporation on Tuesday officially signed the contract with Tecnimont SPA for...

NDIC Boss Tasks ICAN Member-auditors On Integrity, Accuracy

NDIC Boss Tasks ICAN Member-auditors On Integrity, Accuracy         The Managing Director of the Nigeria Deposit Insurance Corporation, NDIC, Bello Hassan, has charged professional auditors who...

Fuel Marketing Companies’ Revenue Decline By N331.54bn

Fuel Marketing Companies' Revenue Decline By N331.54bn       Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last...

Azman Reshuffles Management Following NCAA Audit

Azman Reshuffles Management Following NCAA Audit       Azman Air has reshuffled a number of appointments amongst its management cadre following the recently concluded audit of the...

COVID-19: $601m Airlines’ Revenue Blocked In 17 African Countries

COVID-19: $601m Airlines’ Revenue Blocked In 17 African Countries       The International Air Transport Association (IATA) has expressed worry over the trapping of $601 million airlines’revenue...

Oil Rally Pushes Nigeria’s Revenue Above Budget Estimate

Oil Rally Pushes Nigeria’s Revenue Above Budget Estimate       The upturn in the price of the international oil benchmark, Brent crude, has pushed Nigeria’s oil revenue...

Azman Failed To Remit N1.54bn Service Charges – NCAA

Azman Failed To Remit N1.54bn Service Charges - NCAA       Azman Air owes the Nigerian Civil Aviation Authority the sum of N1,545,262,120.31 as of December 2020,...

Stock Investors Lost N395bn In March

Stock Investors Lost N395bn In March       Investors in the Nigerian stock market lost N395bn in March as the market capitalisation of equities declined further. The Nigerian...

FOREX: Turnover In I&E Window Drops By 82% To $3.7bn

FOREX: Turnover In I&E Window Drops By 82% To $3.7bn       The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the...

MTN, Banks To Meet Tuesday, Customers Reconnected To USSD

MTN, Banks To Meet Tuesday, Customers Reconnected To USSD       MTN customers have been reconnected to banking channels after commercial banks had blocked them from using...