Special Economic Zones Drew $66m to Nigeria – MD OGFZA The Managing Director of the Oil and Gas Free Zones (OGFZA), Bamanga Usman Jada, said the special economic zones (SEZ) have attracted $66 million in foreign direct investment into the country. This comes as he was...

Air Peace Gets Clearance to Fly into New York The Ministry of Aviation and Aerospace Development has given the green light to Air Peace for international flights to and from John F. Kennedy International Airport in New York, USA. This decision comes after Peace submitted a...

Wigwe: Access Holdings’ Stock Price Drops by 6.26% on NGX The stock price of Access Holdings Plc on the Nigerian Exchange Limited (NGX) yesterday, dropped by 6.26 per cent or N1.55 per share amid the news of the death of the company’s Group Managing Director,...

EU Companies Account for Over 130,000 Jobs in Nigeria, Study Reveals According to a recent study by Commercium Africa, more than 230 European Union (EU) companies currently operating in Nigeria account for over 130,000 jobs in the country. The study commissioned by the EU also showed...

FG to Probe DisCos Over Non-performance The Federal Government has declared on Monday that the power distribution companies will lose 50 per cent of their operating expenditures over non-performance after a careful probe. It made this known through the Nigerian Electricity Regulatory Commission (NERC) at the...

Naira Drops to N1,534 per Dollar In the official foreign exchange market, naira fell to an new all-time-low as it sells for N1,534 per Dollar on Monday. This shows a loss of 3.93 per cent fall or N58 from the N1,476.13/$ the national currency closed last...