Nigerian, African Airlines Cargo Demand Rises 20% in One Months  The International Air Transport Association report says African airlines has seen a 22 per cent year-on-year demand growth for air cargo in February—the strongest among all regions. The intra-Africa trade lane showed 42.3 per cent year-on-year...

Why SMEDAN Directs N5bn Loan Applicants to Submit CAC Certificate The Small and Medium Enterprises Development Agency of Nigeria has required N5bn beneficiaries to submit CAC Certificates so it can identify fake applicants and ensure funds are given to the right people. With the new procedure,...

Dangote PMS Will Hit Market Next Month – Report Dangote Refinery is set to supply Premium Motor Spirit (PMS) popularly known as petrol to marketers next month, May 2024, according to sources familiar with the matter. The refinery began distribution of diesel and aviation jet fuel...

Naira Gains at Parallel Market, Sells for N1,250 per Dollar On Monday, the naira appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market. The FX rate is a 0.43 percent increase from the N1,280 recorded on March 29. Currency traders in...

Dangote, BUA, Lafarge Gain N7.921trn in 2024 Q1 In the first quarter of 2024, the market value of Nigeria's three largest cement companies - Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc - has risen by N7.921 trillion. This was according to the trading...

Recapitalization: Banks Expected to Seek Capital Infusion from Stock Market – Senator Senator Osita Izunaso has said that banks are expected to approach the stock market to raise capital in order to meet the new minimum capital requirements set by the Central Bank of Nigeria...