Business
African airlines records 10.1% increase in int’l passengers demand in August – IATA
African airlines reported a 10.1% increase in international passenger demand in August 2024 compared to the same month in 2023,...
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NNPC ends exclusive purchase agreement with Dangote, marketers can now buy directly from the refinery
The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market...
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FG targets 10bcf gas output by 2030, 4 million bpd oil production
The federal government has said it is targeting about 4 million barrels per day oil production and 10bcf of gas...
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CBN Unveils Electronic Foreign Exchange Matching System to Enhance Transparency and Market Efficiency
In a move aimed at fostering transparency and curbing market distortions, the Central Bank of Nigeria (CBN) has announced the...
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Lagos partners Netherlands govt on converting waste-to-energy project
The Lagos State Government has revealed a €120 million commitment from the Netherlands government to back its ongoing waste-to-energy project...
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Up to 49% businesses in Nigeria increase prices in September – Stanbic PMI
Inflationary pressures continue to hit Nigerian businesses as up to 49% of business in the country reported increasing prices of...
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World Bank approves $1.57 billion for healthcare, governance, climate projects in Nigeria
The World Bank has approved three new projects for Nigeria, totalling $1.57 billion in financing.According to a statement released on...
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Lagos Red Line Rail Begins Partial Operations
The Lagos Rail Mass Transit (LRMT) Red Line has commenced partial, invitational passenger operations on Wednesday, August 28th, 2024, following...
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Ghana Bans Grain Exports to Prevent Food Shortage Amid Drought
Ghana has followed Nigeria and other African nations in banning the export of certain grains, including rice, corn, and soy,...
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Arik and Aero Contractors May Be Merged, Converted to National Carrier – AMCON
The Asset Management Corporation of Nigeria has said Arik and Aero Contractors airlines may be merged and converted to a...
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