Business

Max Air has resumed its domestic operation two weeks after it was suspended following the decision of the Nigeria Civil Aviation Authority (NCAA) to suspend the operation of its B737 aircraft type. The NCAA through a letter NCAA/DG/AIR/11/16/363, suspended Parts A3 and D43 with regards to the operation of Max...

President Bola Tinubu, Friday, expressed the willingness of the Federal Government of Nigeria to support global tech giant, Google Incorporated, to create one million digital jobs in the country. The President gave the assurance when he received Google Global Vice President, Mr. Richard Gingras in his office. at the Presidential...

The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji Garba Abubakar, disclosed the commission’s intention to delete 100,000 registered companies from its database....

The Nigerian National Petroleum Company Limited says it recorded 240 incidences pertaining to crude oil theft and pipeline vandalism in the Niger Delta in one week. NNPC, in a documentary on its social media handle on Wednesday, said the incidents mostly occurred in Bayelsa state between July 15 and 21,...

Google says Nigerians can now use their Verve naira cards to make digital transactions on Play Store — the company’s applications distribution service. In a statement on Thursday, the tech giant said it is partnering with Verve, the largest domestic card scheme in Africa, to enable Nigerians to make purchases...

The National Bureau of Statistics (NBS) says the price of petrol in Nigeria increased by 210.31 percent year-on-year. This means Nigerians, in June 2023, paid an average price of N545.83 for a litre of petrol compared to N175.89 in the period last year. Details on the price movement are contained...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate (MPR) by 25 basis points to 18.75% from its initial 18.5%, representing the highest interest rate in 22 years. The announcement was made by the acting CBN governor, Folashodun Shonubi during a...

The balance in the Excess Crude Account has remained stagnant at about $474m in the last two years despite remittance of N907bn to the Federal Account Allocation Committee by the Nigerian National Petroleum Company Limited. The NNPCL had resumed remittances to FAAC in June after failing to do so due...

…as another firm moves to invest 250m USD on lithium factory Following concerns raised about emerging threats to security around mining sites in part of the state, Nasarawa State Government is partnering with the Nigeria Mining Cadastre Office (NMCO), to regulate mining activities in the state. This came to fore...

The Nigerian Ports Authority (NPA) has generated a total revenue of N191.4 billion from its operations in the first half of 2023, remitting N55.712 billion to the Consolidated Revenue Fund (CRF) of the Federation. These disclosures were contained in a half-year 2023 performance reports released by the NPA Managing Director...