The Federal Government is to meet foreign airlines operating in Nigeria over issues bordering on the trapped funds belonging to the international carriers, which has risen to over $567m, it was learnt on Sunday. Dubai-based Emirates Airlines had on Thursday announced the suspension of its flight operations in Nigeria indefinitely due to the blocked […]
Despite the availability of 1,847,558,138 litres stock of the Premium Motor Spirit (PMS) petrol stock, its scarcity persisted in the country at the weekend. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in its document titled: “Petroleum Products Stock & Days Sufficiency Data,” which The Nation obtained in Abuja, the stock […]
New Twitter owner Elon Musk has cried out over the massive drop in the microblogging site’s revenue which he claimed is caused by activist groups pressuring advertisers. He said this is happening even though nothing has changed with content moderation on the platform since his takeover. “Twitter has had a massive drop in revenue, […]
The Management of Air Peace has announced that there would be flight delays in and out of Abuja due to a runway incursion on Friday morning at the Nnamdi Azikiwe International Airport, Abuja. The airline noted that the incursion led to the temporary closure of the Abuja airport. This is according to a statement […]
Dubai based Emirates Airlines has disclosed plans to suspend operations into Nigeria indefinitely effective from October 29, 2022. According to a statement by the airline on Thursday and obtained by our correspondent, the airline said it had no option but to suspend flights to and from Nigeria to mitigate against further losses moving forward. […]
The richest billionaire Elon Musk has revealed plans to cut about 3,700 jobs at Twitter Inc which is equally half of the company’s workforce in a bid to cut costs. Musk, who just acquired Twitter made the revelation on Wednesday according to Bloomberg News citing people familiar with the matter. According to the report, […]
New Twitter owner Elon Musk said Wednesday that it will be “a few more weeks” before any banned accounts — such as that of former US president Donald Trump — may be restored on the platform. Twitter users have been watching closely to see whether Musk will reinstate Trump, banned for inciting last year’s […]
Transactions on the e-Naira platform has risen to N8 billion, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed. Addressing participants of the 28th Annual Executive Seminar of the organization, in Abuja, this morning, he said that the CBN digital currency was a huge success and has attracted other […]
FMN, Plc, has recorded 29.2 percent increase in gross profit to N33.2billion in the half year 2022 unaudited financial report despite the challenging macroeconomic environment. The Company also posted 38 percent increase in revenue for the period. According to the company, operating performance in the food segment was strong, notwithstanding a challenging environment with […]
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell 69 percent, year-on-year (YoY), to $1.5 billion in October 2022, from $4.88 billion in October 2021. No immediate reason for the sharp decline was given but dealers said it could be attributed to supply […]
