Hopes of Nigerians witnessing the take-off of a new national carrier, Nigeria Air, before the end of this administration, remains a far cry. This came as a Federal High Court sitting in Lagos asked the Director General of Nigeria Civil Aviation Authority, NCAA, to halt the issuance of an Air Operator’s Certificate, AOC, to […]
The National Bureau of Statistics (NBS) has disclosed that domestic air transport fares increased by 66.36 per cent in the last one year. This was contained in its latest report titled, ‘Transport Fare Watch (February 2023)’. According to the Bureau, the average fare paid by air passengers in air travel for specified routes single […]
Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media. The email to employees referred to a new stock compensation program in the San Francisco-based […]
Bitcoin hit an eight-month high to surge past $25,000 on Thursday as the volatile cryptocurrency rises despite pressure from US regulators. The digital coin has soared by 50 percent since the start of the year, though it remains far off its peak of $68,992, which it reached in November 2021. Bitcoin reached $25,249 on […]
The Naira on Thursday exchanged at 461.10 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.02 per cent compared with the 461.17 it exchanged on Wednesday. The open indicative rate closed at N461.25 to the dollar on Thursday. An exchange rate of N462 to the dollar was […]
The Borno chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to reopen all outlets in the state with immediate effect. Mohammed Kuluwu, IPMAN chairman in the state, issued the directive on Tuesday. Earlier today, the state chapter of the association directed its members to suspend all operations and […]
The Nigerian National Petroleum Company (NNPC) Limited has apologised to Nigerians for the over three months of pains caused by the nationwide fuel scarcity. The Group CEO, NNPCL, Mele Kyari, who spoke during an interview on Channels Television’s special election programme The 2023 Verdict on Tuesday, assured the public that the “glitch” will be […]
Independent marketers of Premium Motor Spirit, popularly called petrol, are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price. It was gathered on Saturday that the Nigerian National Petroleum Company Limited, Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of […]
The Nigerian National Petroleum Company (NNPC) Limited says it has taken over Addax Petroleum’s production sharing contract (PSC) assets. Addax is owned by Sinopec, a state-owned Chinese firm. Mele Kyari, group chief executive officer (GCEO), NNPC Limited, GCEO; and Yonghong Chen, outgoing managing director (MD), Addax, signed the closing documents on behalf of the […]
The commercial banks yesterday told the House of Representatives that they were bound by the guidelines of the Central Bank of Nigeria, CBN, as their regulator in the implementation of the cashless policy. The banks in a meeting with the adhoc committee of the House set up to interface with them on the withdrawal […]
