Tinubu Appoints Yemi Cardoso as CBN Governor President Bola Ahmed Tinubu has appointed Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian...

Nigeria’s Inflation Hits 25.80% As Food Prices Rise – NBS According to the Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS), Nigeria’s inflation has jumped to 25.80% for August 2023. The latest figure is 1.72% points higher than the 24.08% reported in...

In Q1/2023, NNPC Retail Made N18.4 Billion – Mele Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that NNPC Retail made N18.4 billion in the first quarter of 2023, after acquiring OVH Energy in 2022. Kyari said...

Air Peace Enhances Fleet With Five New Embraer E175s Worth $288.3m Air Peace, Nigeria’s largest airline, has placed a firm order for five Embraer E175 aircraft worth $288.3 million. This strategic decision marks a significant step forward and is in alignment with Air Peace’s ongoing strategy...

FG to Disburse N431bn to Road Contractors The Federal Government has announced plan to disburse N431 billion to road contractors across the country. The Minister of Works, David Umahi, disclosed this as he interacted with contractors responsible for road dualisation projects and the ministry’s zonal directors...

UAE Visa Ban: FG Assures Airlines of Funds Rehabilitation The Federal Government has said it is currently working on the final details related to the United Arab Emirates visa issue. This followed the recent lifting visa ban on Nigerians by the UAE. The Minister of Aviation and...