Business

Hadi Sirika, former minister of aviation, says Nigeria Air was unveiled by the national carrier’s shareholders and not the federal government. The former minister spoke when he appeared on Arise TV on Sunday. Nigeria Air, which has an ownership structure of 49 percent held by Ethiopian Airlines, 46 percent by...

The National Bureau of Statistics (NBS) has announced an upward review of the country’s tax-to-gross domestic product (GDP) ratio for 2021 to 10.86 percent from 6 percent. In its report titled ‘Tax-to-GDP Ratio Revised Computation (2010-2021)’, the statistics agency said the revised calculation now includes relevant revenue collected by other...

The Nigerian National Petroleum Company has confirmed that once the Dangote Refinery starts pumping out refined petroleum products from late July or early August, the NNPCL will cut down on its imports of Premium Motor Spirit, popularly called petrol. NNPCL is currently the sole importer of petrol into Nigeria, a...

Leke Adeboye, son of the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has gifted N2 million to five youths. The donation is to help fund their businesses. Speaking during the donation, Leke noted that he knew the struggles that Small and Medium Enterprise owners face...

E-hailing drivers under the aegis of the Amalgamated Union Of App-Based Transport Workers Of Nigeria (AUATWON) have shutdown operations over low fares. The strike, which began on Wednesday, was also in protest of the high commission rates set by Uber and Bolt — the two biggest ride-hailing service providers in...

In today’s fast-paced digital world, staying connected is more important than ever. Whether it’s for work, entertainment, or keeping in touch with loved ones, having a reliable smartphone with a long-lasting battery is crucial. Recognizing this need, itel has introduced the itel P40, a smartphone designed specifically for Nigerians who...

For their strict compliance to rules and regulations governing road usage, the Dangote Cement Plc, Transport division, has quadrupled the enrollment of female truck drivers into the Dangote Articulated Truck Driving School. The Dangote Articulated Truck Driving School, Obajana, Kogi State is considered unique, being the first of its kind...

*tasks FG, labour on transparent implementation of subsidy removal Plan Centre for Transparency Advocacy has asked the Federal Government and organised labour to ensure that the best interests of Nigerians are prioritize as they negotiate the removal of subsidy on petrol. Organised Labour led by the Nigeria Labour Congress (NLC)...

Nigeria is withholding $812m unrepatriated airline funds, the International Air Transport Association (IATA) has said. This is as Africa’s most populous nation is topping the list of five countries that account for 68 per cent of the total blocked funds worldwide. IATA disclosed this in a statement on Sunday by...

Petrol prices have almost doubled across fuel stations in Benin Republic after it was announced that subsidy would be removed in Nigeria, the BBC is reporting. Petrol from Nigeria is regularly smuggled into neighboring countries including Cameroon, Ghana, Benin Republic and as far as Sudan. The broadcasting company quoted sources...