Aero Contractors Airlines yesterday suspended its scheduled service operations, citing inability to cope with the current harsh economy. Closure of the 53-year-old airline, the second largest in the country, took effect when its Lagos headquarters was vacated around 2pm. The airline, however, said the shutdown was temporary, adding it would return to business in the […]
As emphasis on capital expenditure by the Federal Government begins to yield positive results with investment/GDP ratio increasing, the GDP growth rate of the Nigerian economy is likely to beat the IMF prediction of -1.8% for the full year 2016, the Ministry of Budget and National Planning has indicated. Although the recent data released from […]
Africans’ entrepreneurial spirit, energy, and will to succeed are “underappreciated” across the world, Facebook founder and CEO Mark Zuckerberg said Wednesday on a visit to Nigeria’s commercial capital of Lagos. “The thing that is striking [about Lagos and across Africa] is the entrepreneurial energy and the will to succeed,” Zuckerberg told a town hall in […]
Nigeria’s central bank sold an undisclosed amount of dollars, close to the end of market session, to help prop up the naira. The currency market also registered 327 million dollars worth of trades on Monday, about six times more than its usual volume, That included a single 270 million dollars transaction at 345 naira per dollar, […]
The 2016 Dodge Durango is back with more aggressive styling than any other modern SUV. It packs a full-size punch with state-of-the art features that would make any home entertainment system jealous. This is the most technologically advanced SUV in its class. The Durango offers three rows of seating, a range of 3.6-Liter V6 24-Valve […]
Nigeria will be one of the most attractive and easiest places of doing business in the world by 2019, President Muhammadu Buhari said on Sunday in Nairobi, Kenya. Speaking at a plenary session on “Dialogue with the Private Sector” at the sixth Tokyo International Conference for African Development (TICAD VI), President Buhari said his administration is implementing […]
President Muhammadu Buhari says the Federal Government will sustain concrete measures to diversify the economy by devoting more resources to agriculture in the 2017 budget. Speaking to reporters in Nairobi, Kenya at the weekend on the margins of the sixth Tokyo International Conference on African Development (TICAD VI), President Buhari said African countries had a […]
President Muhammadu Buhari, on Saturday night, strongly assured existing and prospective foreign investors that their investments in Nigeria will be fully secured and protected. Speaking at a bilateral meeting with Japanese Prime Minister Shinzo Abe, on the sidelines of the sixth Tokyo International Conference on African Development (TICAD) in Nairobi, Kenya, President Buhari outlined several steps taken […]
Telecommunications services provider, Airtel Nigeria, has announced a strategic partnership agreement with Genesis leading global mobile Internet company, to provide customers on the Airtel network with an amazing opportunity to access and surf on Naij.com and Jiji.ng for free, without data charges and at an absolutely zero-rate. Naij.com is a digital content website which releases news, […]
Nigeria’s naira was quoted at an all-time low of 412 per dollar on the parallel market on Friday. This comes after the suspension of some banks from forex trading leading to dollar shortages. Traders said some bureaux de change operators have been finding it difficult to access their forex account and get dollar supply. The […]