Business & Finance

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, says Emirates Airlines has indicated a definite date to resume flight operations to Nigerian airports. The minister, in a Wednesday post on X (formerly Twitter), said he met with the Ambassador of the United Arab Emirates (UAE) to Nigeria, Salem Saeed …

Food and non-alcoholic beverage costs skyrocketed in April, causing Nigeria’s inflation rate to jump to 33.69 percent, according to the National Bureau of Statistics (NBS). The consumer price index (CPI) report released by the NBS on Wednesday included the inflation figures. “Looking at the movement, the April 2024 headline inflation …

The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for approving the printing of N684.5m notes at the rate of N18.96bn. Emefiele was arraigned before Justice MaryAnn Anenih of the Federal Capital Territory High court on four …

In a symbolic display of diplomatic camaraderie, Senegalese President Bassirou Diomaye Faye recently welcomed Rwandan counterpart Paul Kagame to a vibrant basketball showdown in Dakar. The atmosphere crackled with excitement as the two leaders shared in the thrill of the game between Senegal’s AS Douanes and Rwanda’s APR Basketball Club, …

The Lagos State Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye has unveiled plans to establish five new power hubs across the city, providing residents with alternative sources of clean energy. The Commissioner explained during the state’s Ministerial briefing that the additional power hubs would complement the existing six …

The Ghana Statistical Service (GSS) announced on Wednesday that the year-on-year inflation in the West African country has dropped to 25% in April, which is 0.8 percentage points lower than the 25.8% recorded in the previous month. This indicates that the rate of inflation for April in the country slowed …

The Trade Union Congress (TUC) has threatened a massive protest that will shut down the Nigerian economy should the Federal Government fail to cancel the controversial cybersecurity levy recently introduced by the Central Bank of Nigeria. The TUC in a statement signed by its President, Festus Osifo, on Wednesday, slammed …

A prominent Pay-TV operator, Multichoice Nigeria, has challenged the jurisdiction of the Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja which recently restrained it from increasing the prices of its DStv and GOtv packages. Multichoice’s lawyer, M.J. Onibanjo (SAN) told the CCPT via his application on Tuesday that it …

The Nigerian government through the Corporate Affairs Commission has issued a two-month registration ultimatum to Point of Sales companies to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central Bank of Nigeria. This was stated in an agreement that …

The Central Bank of Nigeria has mandated that banks in the country will soon apply a cybersecurity levy to transactions. According to a circular released on Monday, this levy will take effect in two weeks. The circular, addressed to all commercial, merchant, non-interest, and payment service banks, among others, follows …