The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as only few filling stations dispensed the commodity. But despite the scarcity and queues, which had lingered for several days, the Nigerian National Petroleum Corporation insisted on Monday that it had enough product to keep the […]
By Foster Obi The Airport Council International (ACI) World has awarded Nnamdi Azikiwe International Airport Abuja the Airport Service Quality (ASQ) Award 2020 based on customers judgment as the Best Airport by Size and Region (5 to 15 million passengers per year in Africa). A press statement signed by Henrietta Yakubu, General Manager, Corporate Affairs […]
The queues for petrol grew worse in some parts of the country on Sunday following the shutdown of many filling stations amid heightened expectations of an increase in the pump price of the product. The Minister of State for Petroleum Resources, Chief Timipre Sylva, had on February 9 said Nigerians should prepare for the pain […]
Ngozi Okonjo-Iweala takes over the World Trade Organization on Monday amid hopes that she will spur the beleaguered body into addressing its towering challenges, including the pandemic-fuelled global economic crisis. “The WTO is too important to allow it to be slowed down, paralysed and moribund,” the first woman and first African to ever lead the […]
The Nigerian National Petroleum Corporation (NNPC) says there are no plans to increase the ex-depot price of premium motor spirit, better know as petrol, within the next one month. The ex-depot price is fixed by the Petroleum Products Marketing Company (PPMC), a subsidiary of the NNPC — it’s the price at which depot owners sell […]
…Launch Land, Sea, Air Operational Assets The Nigerian Navy and Nigerian Maritime Administration and Safety Agency (NIMASA) are intensifying efforts to protect, interdict, and deter threats around vessels anchored in the Secure Anchorage Area (SAA), off the coast of Lagos. Director General of NIMASA, Dr. Bashir Jamoh, announced this in Lagos during a courtesy visit […]
Crude oil futures surged during the mid-morning trade in Asia March 1, with the oil market reversing the previous session’s losses as risk-on sentiment gripped the markets following the US House of Representatives’ approval of further US fiscal relief, even as traders continued to eye the upcoming OPEC+ meeting. At 10:44 am Singapore time (0244 […]
Vice President Yemi Osinbajo on Friday said cryptocurrencies should be regulated in Nigeria instead of “killing” it. He made the remarks during a keynote at the CBN/Bankers Committee’s Initiative for Economic Growth. The CBN had recently reaffirmed its oppositional stance towards cryptocurrencies, placing huge restrictions on its trade within Nigeria. According to the CBN, cryptocurrencies […]
Naira on Friday fell at the parallel market below the 480th mark to the dollar, the first time in nearly three months, a day after the government said it would take time to unify multiple exchange rates. At the unofficial market, data from abokiFX.com showed the domestic currency exchanged for the green back at N482, […]
By Foster Obi Emirates SkyCargo is partnering with UNICEF as part of the Humanitarian Airfreight Initiative to expedite transportation of COVID-19 vaccines around the world. UNICEF recently launched the Humanitarian Airfreight Initiative, and Emirates airline was one of the 10 leading airlines to sign agreements with UNICEF to support the prioritization of delivery of COVID-19 […]