NAHCO's Profit Rises to N3.8bn in 2022 Nigerian Aviation Handling Company Plc said its pre-tax profit rose by 315.1 per cent in 2022, riding on the back of strong sales income and business-wide efficiency. A statement said the board of the aviation handling group recommended an...

FG Approves N53bn for Ministries The Federal Government has approved a total sum of N52.97bn for various projects in the ministries of Education, Works and Housing and Aviation. The respective ministers revealed this to State House Correspondents after this week’s Federal Executive Council Meeting presided over...

Foreign Transactions On NGX Drop By 53%   The transactions done by foreign investors on the Nigerian Exchange Limited (NGX) decreased by 53.16 per cent from N19.62bn (about $42.51m) to N9.19bn (about $19.94m) between February and March 2023. This was disclosed in the March edition of the...

USSD: Banks, Telcos Meet As Debt Hits N100bn   The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn. As a result, banks and telcos are expected to hold another round of meetings with a view to...

Foreign Airfares Hit New High As Airlines Settle For N582/$1   For the third time in less than a month, the rate of exchange (RoE) applicable to foreign airlines has ballooned, hitting N582/$1 with attendant spike in the cost of international air travel. At the new RoE,...

Telecom Base Stations Fuel Cost Now N400bn - NBS   The cost of powering telecommunication services has hit N33.47bn per month following a 55.16 per cent year-on-year increase in the cost of diesel. According to the National Bureau of Statistics, the cost of diesel rose to N836.81...