The Kingdom of Saudi Arabia has lifted the ban imposed on Nigerian flights in the wake of the emergence of Omicron COVID-19 variant. Daily Trust reports that the ban was imposed on December 8, 2021, thereby stalling all Umrah preparations by the Hajj and Umrah operators in Nigeria. The lifting of restrictions was announced […]
The Corporate Affairs Commission (CAC) had directed that schools and other institutions of learning would no longer be approved as business names. The CAC’s Registrar-General gave the directive in a March 4, 2022 circular signed on his behalf by Tolulope Sonaike. The circular, seen by The Nation, was titled “Registration of schools and academies” […]
The Nigerian National Petroleum Company (NNPC) Limited has urged Nigerians to avoid panic buying, adding that it has enough petrol in stock. Mele Kyari, group managing director, NNPC, said this while briefing journalists in Abuja on Wednesday, shortly after a meeting with the National Union of Petroleum and Natural Gas Workers (NUPENG) and Petrol […]
The World Bank says it is preparing a $3 billion aid package for Ukraine in the face of Russia’s invasion. The bank said the funding would start with a fast-disbursing budget injection of at least $350 million this week, followed by $200 million for health and education. David Malpass, World Bank President and Kristalina […]
THE cost of transportation is on the increase across the country following the hike in the pump price of Premium Motor Spirit, popularly called petrol, in fillings stations in states. Motorists still besieged the few filling stations that dispensed PMS in Abuja and neighbouring Nasarawa and Niger states on Tuesday, as many outlets in […]
The Nigerian National Petroleum Company (NNPC) has assured Nigerians of its continued efforts to return the supply of petrol to normalcy. The NNPC asked Nigerians to be patient, saying it has sufficient stock of petroleum product for distribution across the country. The company also said it is working with partners to ensure the product reaches […]
The Nigerian National Petroleum Company (NNPC) Limited says it expended N210.38 billion on petrol subsidy in January 2022. Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol. NNPC said this in its monthly presentation to the Federation Account Allocation Committee (FAAC) meeting concluded on Thursday, February 24. […]
The Nigerian Communications Commission (NCC) says MTN Nigeria and Mafab Communications Limited have made their full payment of $273.6 million each for the fifth generation (5G) spectrum licence. In December 2021, after 11 rounds of bidding that lasted for eight hours, Mafab and MTN Nigeria emerged as the two successful winners of the 3,5gigahertz […]
The value of the cryptocurrency market has fallen by $250 billion in a few hours after Russian forces launched an attack on Ukraine early Thursday morning. In a televised speech, Russian President Vladimir Putin announced a “special military operation” designed to achieve the “demilitarization and denazification of Ukraine”. According to data from coinmarketcap.com, the […]
The Airline Operators of Nigeria (AON) has justified the adjustment in air fare. Daily Trust reports that there has been outcry from members of the flying public over the increment in air fare with a one-way economy ticket costing over N50,000. However, justifying the increment at a media briefing in Lagos, on Wednesday, Vice-President […]
