Some members of the House of Representatives have raised safety concerns over operations at the Kaduna International Airport. Speaking at a plenary session, a member said: “The House notes and is disturbed that there are allegations that failing installations and procedure at the Kaduna International Airport grossly falls short of international standard and poses great […]
The Central Bank of Nigeria (CBN) on Thursday offered the sum of $100 million to meet the requests of wholesale customers, out of which $91 million was taken, indicating greater apprehension among dealers who anticipate a further crash of the dollar in the FOREX market. Confirming the offer, the Acting Director of Corporate Communications at […]
The management of Arik Airline says it has resolved the lingering impasse with labour unions in a meeting mediated by the Nigerian Civil Aviation Authority (NCAA). According to a statement issued on Friday by the Media Consultant to the airline, Mr Simon Tumba, the NCAA brokered the peace meeting held Thursday evening. Tumba listed unions […]
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that the agency will not rest on its oars until the full implementation of the International Ship and Port Facility Security (ISPS) code in Nigeria is attained. Dr. Peterside made the promise during the opening of the ISPS Code […]
The Nigeria Immigration Service (NIS) has announced the introduction of a liberalised online Visa on Arrival (VOA) facility to the public, especially foreign investors willing to invest in Nigeria. The Comptroller-General of the NIS, Mr Muhammad Babandede, made the announcement on Thursday in Abuja. Babandede said that the measure was part of the resolution of […]
The continuous Central Bank of Nigeria’s (CBN) intervention in foreign exchange (forex), has caused the Naira to hit the dollar again on Wednesday. The currency traded N400 to a dollar at the black market on Wednesday in Abuja. The News Agency of Nigeria (NAN) reports that the Naira has also appreciated against the Pound Sterling […]
Fidelity Bank Plc, in its bid to strengthen educational development and enhance the health and wellbeing of students through physical recreational activities, has donated sporting facilities to the Special (Deaf & Dumb) Education Secondary School in Calabar, Cross River State. The bank under the auspices of the Fidelity Helping Hands Programme (FHHP), the multi-purpose vehicle […]
Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion for the year ended December 31, 2016, bringing the total payout to N63.422 billion. The dividend, which translates to N1.77 per share, was paid out of N129.65 billion recorded for the year. The shareholders gave the approval at the Annual General Meeting […]
The Nigerian National Petroleum Corporation (NNPC) has debunked claims in some quarters that Aiteo Eastern Exploration and Production Company is among the oil firms from which it is allegedly set to recover crude oil allocation accruals worth $42 million spanning 2012 through 2014. A top NNPC source who spoke in Abuja urged the public to […]
Wall Street indexes closed Tuesday with their sharpest decline in five months as major firms posted losses and oil prices fell. President Donald Trump’s plan to lower corporate taxes may not come as soon as businesses had expected because repealing the nation’s health care system, known as Obamacare, has been met with resistance in the […]