The African Development Bank (AfDB), says its portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars.
This is contained in a statement released by the bank’s Communication and External Relations Department on Sunday.
It said that the bank’s President Mr Akinwumi Adesina disclosed this...
THE Asset Management Corporation of Nigeria (AMCON) on Monday took over Cedar Oil & Gas Exploration and Production Limited over N29 billion bad debt and appointed Receiver/Manager to oversee the firm.
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division granted an injunction against Cedar Oil & Gas...
The President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, yesterday said the company would increase its revenue base from $4 billion to $30 billion by 2021.
Dangote disclosed this when the Minister of Finance, Budget and National Planning, Zainab Ahmed, paid a working visit to the Dangote Refinery, Petrochemicals...
The Lagos State Commissioner for Tourism, Arts and Culture, Pharmacist (Mrs.) Uzamat Akinbile-Yusuf, a Nigerian comedian and actor, Atunyota Alleluya Akpobome, popularly known as Ali Baba and other stakeholders in the Tourism and Entertainment industry will, on Wednesday, May 20, 2020, meet to discuss issues bordering on revamping the...
One of the Binance executives detained in Nigeria, amidst a legal battle over cryptocurrency regulations, has managed to escape custody. Nadeem Anjarwalla, a key figure at the world's largest cryptocurrency exchange, reportedly fled from a guest house in Abuja where he and his colleague were being held by security...
The vision of Governor Udom Emmanuel, to make the Akwa Ibom State owned Airline, Ibom Air, become the West African Aviation power house, is nearing reality, following indications that Ibom Air could soon commence regional operations between Nigeria and The Gambia.
This was part of discussions Monday, when the Gambian...
The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in local currency.
It warned that violators could lose their operational licences if they failed to comply with its guidelines on remittances.
The CBN said this in a circular to International Money Transfer Operators and Payment Service...
The Federal Government has ordered Turkish Airlines to suspend its operations in Nigeria due to repeated cases of poor passenger treatment by the airline.
It gave the directive through the Nigeria Civil Aviation Authority (NCAA), directing the airline to suspend its operations until it was ready to operate with the...
The Nigerian National Petroleum Corporation Limited (NNPCL) has confirmed an upward review of pump price of petrol.
Garba Deen Muhammad, Chief Corporate Communications Officer, NNPC Ltd, confirmed this in a statement on Wednesday afternoon.
“NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS...
Air Peace, one of Nigeria's leading airlines, has officially commenced its highly anticipated Lagos-London flight services, marking a significant milestone in its expansion strategy. The inaugural flight took off on Saturday, fulfilling the airline's earlier announcement of direct flight operations to London, which was made during a prelaunch forum...
