The new Management of the Benin Electricity Distribution Company Plc. (BEDC) on Thursday raised alarm over the whereabouts of the meters provided by the Federal Government under the national Mass Metering Programme (NMMP) to the company. It would be recalled…
Some shareholders of companies quoted on the Nigerian Exchange have expressed worry that the frequent imposition of fines on companies defaulting from post-listing requirements is scaring away investors and potential companies willing to list on the nation’s capital market. The…
By Philemon Adedeji Bullish sentiment persisted the Lagos bourse as the benchmark All-Share Index appreciated by 24 basis points representing 0.05 per cent gain to close at 49,499.43 points from 49,475.43 points. Gains in GTCO (+0.45 per cent), First Bank…
The exchange rate between the Naira and the dollar at the black market appreciated by 0.27 per cent to trade at N743/$1 on Thursday, from N745/$1 recorded in the previous trading session. Also, the Naira strengthened against the US dollar…
Federal Government in the reviewed Nigeria Civil Aviation Authority (NCAA) Civil Aviation Act 2022 has strengthened the law guiding remittances of the 5 per cent airfare, contract, charter and cargo sales charge otherwise called ticket sales and cargo sales charges( TSC/CSC)…
The Nigerian Safety Investigation Bureau (NSIB) has signed a Memorandum of Understanding with the Nigerian Navy to enhance mutual efforts in the prevention and mitigation of accidents and serious incidents in the country’s transportation sector. The MoU was signed by…
The African Airlines Association (AFRAA) has estimated a revenue loss of $3.5 billion by the end of 2022. The revenue loss is equivalent to 20 per cent of the loss recorded during the comparable period in full-year 2019. Information contained in AFRAA’s…
…Eyes 28th December for passage …Appropriation Bill may be subjected to hasty processes to meet Jan-Dec cycle While passage of the 2023 Appropriation Bill is much awaited to meet the January – December budget cycle, the Senate has pointed accusing…
Former Theatre Commander, Operation Lafiya Dole, retired Maj.-Gen. Rogers Nicholas, has charged officers of the Nigerian Army to aspire to be fighters, not political officers or those seeking economic gains. Nicholas gave the advice during the decoration of Brig.-Gen. Anyanwu…
The Federal Government and International Fund for Agricultural Development, through the Value Chain Development Programme (FG/IFAD -VCDP) has distributed some support items to farmers affected by recent flooding in the state. Dr Eunice Adgidzi, Nasarawa State coordinator of VCDP, while…
