The Federal Government of Nigeria has approved the re-opening of the Seme land border for the importation of vehicles.9jayarn report that, the Director of Road Transport in the Ministry of Transportation, Ibrahim Musa, disclosed this on Wednesday, June 21,...
The Central Bank of Nigeria (CBN) says cash deposits into domiciliary accounts will not be restricted, and customers “shall have unfettered and unrestricted access to funds in their accounts”. The bank spoke in a statement issued after a meeting...
Nigeria has reclaimed its position, overtaking Libya, as Africa’s largest oil producer.In its latest monthly report, the Organisation of Petroleum Exporting Countries (OPEC) said Nigeria’s oil production increased by 185,000 barrels per day (bpd) to 1.184 million bpd in...
JP Morgan, an American multinational financial services firm, says the naira is expected to appreciate, and trade at about N600 to the dollar in the coming months.The financial institution made the projection in a statement on Thursday.On Wednesday, the...
The Managing Director of Nigeria Air, Dayo Olumide has disclosed that the aeroplane that landed at the Nnamdi Azikiwe International Airport, Abuja on 26th May 2023, was a chartered one from Ethiopia.Olumide disclosed this while answering questions from the...
Some years ago, Aliko Dangote, Africa’s richest man invited media leaders to a luncheon at then Protea Hotel in Ikeja to mark his 55th birthday.Some of his guests sat around him at the centre table. They chatted freely. Discussions...
As the Nation awaits the inauguration of Asiwaju Bola Ahmed Tinubu as President of Nigeria on May 29th, 2023, one major apprehension of the citizens is the looming removal of Petrol subsidies, which is now a given, considering that...
President Muhammadu Buhari has officially unveiled the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos.The State-of-the-Art refinery is expected to not only make the country self-sufficient in refined products but also position it as a potential exporter of surplus products.The presence...
The Federal Executive Council (FEC) has approved the implementation of the Employee Compensation Act (ECA) 2010. Chris Ngige, Minister of Labour, spoke to state house correspondents after an emergency FEC meeting on Monday.The Employee Compensation Act (ECA) 2010 makes comprehensive provisions...
