Aero Contractors, one of Nigeria’s largest domestic airlines, is set to lay off some of its workers as its financial crisis becomes worsened. Already, the airline is in talks with aviation unions on how to cut down on the number of workers in its employ. It...

In a bid to check the arbitrary increase in the pump price of kerosene, the Federal Government has placed an order for massive importation of the product, oil marketers have said. According to them, the government has also ordered huge importation of Automated Gas Oil,...

Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation has risen by about 60 per cent, our correspondent has learnt. Gas for power generation is denominated in the US dollar...

The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According to DMO’s auction result obtained from its website on Wednesday, it sold N40bn of 2021 paper at 14.50 per cent. It...

...Eyes on NBS as Kale’s tenure ends today In order to ascertain the actual well-being of banks owing to the nation’s macroeconomic challenges and rising non-performing loans (NPLs), the Central Bank of Nigeria (CBN) is currently carrying out examination on banks. At the end of the...

The National Information Technology Development Agency, Galaxy Backbone and the Federal Institute of Industrial Research have confirmed their participation in this year’s Digital Innovation Conference, which will hold in Kano State. Some other collaborating agencies and institutions include the Nigeria Postal Service, the Nigerian Communications...