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Currency Outside Banks Drops by 3.32% – CBN

Currency Outside Banks Drops by 3.32% – CBN Currency held outside of Nigeria’s banking system dropped to N3.66tn in July, about 3.32 per cent lower than it was in the previous month. This was disclosed in Money and Credit data available on the website of the...

Nigeria, Boeing sign MoU to Boost Aviation Sector

Nigeria, Boeing sign MoU to Boost Aviation Sector The federal government has signed a Memorandum of Understanding with an aircraft manufacturer, Boeing to boost the nation’s aviation sector. Disclosing this in a statement on Thursday, Tunde Moshood, the Special Assistant on Media and Communications to Minister...

AFC To Support Africa’s Largest Gas To Methanol Project In Nigeria

Africa Finance Corporation (AFC), a leading provider of infrastructure solutions across the continent, is considering a project development facility to support Africa’s largest gas-to-methanol plant, located in Nigeria. 

STBMAN Voices Concerns Regarding Nigeria’s Digital Switch Over

The Set Top Box Manufacturers Association of Nigeria (STBMAN) has voiced its concerns about the direction of Nigeria’s Digital Switch Over (DSO) project and attributed the delays to corruption or incompetence within the relevant agencies. 

IMF: Sustaining Current Economic Reforms Will Deliver Annual Growth of 8%

The International Monetary Fund (IMF) is advising the Federal Government of Nigeria to sustain its ongoing economic reforms for the country to get better and achieve the desired economic growth that will lift the majority of citizens out of poverty. 

FG Mulls Converting Arik, Aero Contractors To National Carriers

FG Mulls Converting Arik, Aero Contractors To National Carriers The Asset Management and Corporation of Nigeria (AMCON) has said Arik and Aero Contractors airlines may be merged and converted to a national carrier. The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this on Monday at...