Naira Exchanges for N1,535/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the...

Aviation Minister Urges Visa Restrictions Removal for Africa’s Business Growth The Minister of Aviation & Aerospace Development, Festus Keyamo, has called on the governments of African countries to take urgent steps in facilitating the removal of visa restrictions to enable the free movement of people...

IATA Praises Nigeria Over Swift Clearance of $831m Backlog The International Air Transport Association (IATA) has praised the Nigerian government for its swift action in clearing the backlog of foreign airlines’ trapped funds, amounting to over $831million. This commendation was delivered by IATA’s Regional Vice President...

NNPC Disagrees as Report Puts Petrol Debt at $6bn Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early April, as the Nigerian National Petroleum Company Limited struggles to cover the gap between fixed pump...

NGX Confirms Jude Chiemeka CEO The Nigerian Exchange Group (NGX) has announced the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited. Chiemeka’s appointment is to take effect from July 1, 2024. This was disclosed in a statement made available by the Head...

Nigeria to Host $5bn African Energy Bank Nigeria has been granted the hosting right for the $5bn African Energy Bank after beating Ghana, Benin Republic, Algeria, South Africa and Cote d’Ivoire in a keenly contested bidding. The Minister of State, Petroleum Resources (Oil), Heineken Lokpobiri, told...