You are here
Home > Nigeria news

Strike: NNPC begs oil workers to exercise restrain

Strike: NNPC begs oil workers to exercise restrain

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute involvingRead More …

Prices of garri crash in Enugu markets

Prices of garri crash in Enugu markets

Prices of garri, a stable food on Nigerians table, continued to crash in some Enugu markets. A market survey in some major markets in Enugu metropolis on Saturday revealed that the prices of the white and red garri nosedived by about 36 per cent. Some sellers said that the fall in price was due toRead More …

Nigeria’s foreign debt stands at $22.08bn

Nigeria’s foreign debt stands at $22.08bn

Nigeria’s foreign debt currently stands at $22.08 billion according to the National Bureau of Statistics (NBS). The bureau puts domestic debt at N3.48 billion. The NBS in the Nigerian Domestic and Foreign Debt Q2 2018 report released in Abuja shows that $10.88billion of the debt is multilateral and $274.98 million is bilateral. Multilateral debts are debts owed by developing countriesRead More …

Emirates upgrades aircraft on Abuja route

Emirates upgrades aircraft on Abuja route

Emirates Airlines has upgraded its operating aircraft on the Abuja route to a Boeing 777-300ER from the 777-300 classic. The upgrade took effect at the weekend. The airline according to its Regional Manager West Africa, Afzal Parambil took the step as part of its commitment to the Nigerian market. He said “The upgrade of ourRead More …

Breadmakers canvass downward review of 15% levy on wheat

Breadmakers canvass downward review of 15% levy on wheat

Premium Breadmakers Association of Nigeria (PBAN) has called on the Federal Government to review downwards the 15 percent levy on wheat grain imports to help drive down the price of flour which constitute about 75 percent of baking ingredient. The body said the 15 per cent  reduction in the levy on wheat grain will leadRead More …

Domestic carriers commend FG over suspension of national airline

Domestic carriers commend FG over suspension of national airline

….Investing over $3 billion on unprofitable venture , not in national interest Umbrella body of domestic carriers,  Airline Operators of Nigeria (AON), has commended the Federal Government for taking bold steps to suspend indefinitely the controversial carrier – Nigeria Air. The airline body said judging by the tough economic times in the country today, itRead More …

Revenue automation: NCAA gives ultimatum to 30 foreign carriers

Revenue automation: NCAA gives ultimatum to 30 foreign carriers

The Nigerian Civil Aviation Authority (NCAA)  on Thursday gave  December 31, 2018 as deadline   to foreign carriers which are yet to  Automate/Integrate on the Avitech platform for the remittance of five percent Ticket Sales Charge/Cargo Sales Charge[TSC/CSC] to do so or face severe sanctions. The ultimatum by NCAA came on the heels of regular meetings;Read More …

NDIC to host IADI workshop in Lagos

NDIC to host IADI workshop in Lagos

The Nigeria Deposit Insurance Corporation (NDIC) will host the next edition of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual General Meeting and Technical Assistance Workshop. This is according to a statement by Mohammed Kudu Ibrahim, Head of Communication & Public Affairs of the Corporation. According to the statement: “The eventRead More …

NNPC records N17.16b trading surplus

NNPC records N17.16b trading surplus

The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial and OperationsRead More …

Mixed reactions greet suspension of national carrier by FG

Mixed reactions greet suspension of national carrier by FG

Mixed reactions on Wednesday greeted the suspension of the proposed national carrier: Nigeria Air as airline operators and industry players describing it as an expected outcome. They said the suspension of the controversial project is evidence that government did not get its act right in the project that has elicited much debate because of theRead More …

Top