Nigeria, USA Annual Trade Now $10bn   The Consul-General of the United States Consulate in Lagos, Nigeria, Will Stevens, has said that Nigeria and the US have a $10bn annual trade relationship. Steven disclosed this on Monday in Lagos while speaking at the opening ceremony of the...

Air Peace Hikes Lagos-Abuja Ticket to N200,000   From November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace is to hit N200,000. The harsh economy has been affecting the aviation business causing airlines to increase their fares amid lamentations from passengers. This development...

CBN Postpones Cash Deposit Fees' Implementation The Central Bank of Nigeria (CBN) has once again extended the suspension of processing fees on cash deposits above N500,000 for individuals and N3,000,000 for corporates until March 31st, 2025. This latest decision allows individuals and corporate entities to continue...

Oil Sector Draws $5m Foreign Investment in Q2 Efforts of the government to bring in investors to Nigeria’s oil and gas sector appear not to have yielded the desired result as the sector only attracted $5m foreign investment in the second quarter of the year,...

Ethiopian Airlines Consortium Disputes Keyamo's Claims on Nigeria Air Project In a formal petition addressed to President Bola Ahmed Tinubu, the Ethiopian Airlines Consortium has urged the Nigerian government to intervene in an ongoing dispute involving Aviation Minister Festus Keyamo and the controversial national carrier...

After IMTOs Engagement, Remittances Rose to Almost $600m in September – Cardoso The Central Bank of Nigeria (CBN) says remittance inflows rose to almost $600 million as of the end of September. Olayemi Cardoso, CBN governor, announced at a special summit dinner organised by the Nigerian...