Air Peace, Arik Air, Dana Air, Azman and Max Air have said they will be suspending all their domestic flight services as part of efforts to curtail the spread of the coronavirus.
While Air Peace, Arik Air and Azman’s suspension will become effective from midnight of Friday, March 27, Max...
Stanbic IBTC Bank Plc has reaffirmed its interest in the growth of the Nigerian entertainment industry in Nigeria. The bank has reiterated its support for the construction of various cinemas as well as the provision of infrastructure to galvanize growth in the industry.
Enterprise Finance Officer, Enterprise Banking, Stanbic IBTC...
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.
The World Bank, in a new report, titled ‘Nigeria in times of COVID-19: Laying foundations for a...
Polaris Bank has introduced its Agency Banking Solution to serve as a vehicle to reach the unbanked and underbanked, as well as deepen financial inclusion across the country.
The product known as ‘SurePadi’ was designed to provide convenient and easy access to funds and other banking services in far-flung neighbourhoods,...
President Bola Ahmed Tinubu has approved the extension of the ban on the export of raw shea nuts for a further one year, from February 26, 2026, to February 25, 2027.
The decision underscores the administration’s commitment to advancing industrial development, strengthening domestic value addition, and supporting the objectives of...
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has unveiled ongoing investigations into foreign exchange forwards worth approximately $2.4 billion, highlighting discrepancies and irregularities in these transactions.
Governor Cardoso disclosed this information following the Monetary Policy Committee (MPC) meeting in Abuja, shedding light on the forensic audit conducted to assess...
The Minister of Information and Culture, Alhaji Lai Mohammed, has said BUA Cement's massive increase in production, especially since 2015, was made possible by the conducive business environment provided by the Federal Government.
The Minister, who stated this during a media tour of BUA Cement's Sokoto Plant on Wednesday, listed...
In a move aimed at bolstering the foreign exchange market, the Central Bank of Nigeria (CBN) has given the nod for the sale of $10,000 to each Bureau De Change (BDC) at the rate of N1,251/$1. This development was communicated through a circular directly addressed to the BDCs by...
The Nigeria LNG Limited says it has paid over $7bn as taxes and issued more than $15bn as dividend to the Federal Government since it started operations.
NLNG’s Managing Director, Tony Attah, who disclosed this recently in Abuja, also stated that the company had the target of expanding its LNG...
Nokia’s chief executive officer Rajeev Suri will leave the telecom equipment provider in September and be replaced by the current head of Finnish energy group Fortum, Nokia announced on Monday.
Pekka Lundmark will take over on September 1, Nokia said.
Suri, who has been Nokia’s president and CEO since April 2014,...
