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National Hajj Commission of Nigeria (NAHCON) has secured 52,544 spaces for state pilgrims camps and reserved 16,263 slots for tour operators to enable Nigerian pilgrims perform 2025 Hajj rites in Saudi Arabia. The Assistant Director, NAHCON Information and Publications Division, Hajia Fatima Usara disclosed this in her publication titled “NAHCON always in the Media: Understanding ...
Aviation
President Bola Ahmed Tinubu has appointed Dr. Danjuma Adamu Ismaila as the Rector and Chief Executive Officer of the Nigerian College of Aviation Technology (NCAT) in Zaria, Kaduna State. A statement in Abuja by Special Adviser to the President on Information and Strategy, Bayo Onanuga, announced the appointment. Dr. Ismaila, an expert in air transportation ...
Aviation
The Federal Airports Authority of Nigeria (FAAN) has announced that it is embarking on the recertification process for Kano and Port Harcourt airports. This initiative aims to enhance safety and align the airports with international standards. The Managing Director of FAAN, Mrs. Olubunmi Kuku, disclosed this during a tour of Murtala Muhammed International Airport (MMIA), ...
Aviation
Skyway Aviation Handling Company (SAHCO) PLC has marked a year of outstanding growth and strategic expansion under the leadership of its Managing Director/CEO, Mrs. Adenike Aboderin. Over the past year, the company has significantly improved its financial performance, strengthened key airline partnerships, and set new benchmarks for safety and efficiency in aviation ground handling. SAHCO ...
Capital Market
The Debt Management Office (DMO) on Thursday unveiled Stanbic IBTC Stockbrokers Ltd. as the new stockbrokers of the Federal Government. This is coming after the expiration of the tenure of CSL Stockbrokers Ltd., a subsidiary of First City Monument Bank (FCMB). According to the Director-General of DMO, Patience Oniha, Stanbic is a comprehensive financial house ...
News
Access Bank PLC proudly celebrated the 10th anniversary of the Access Bank Lagos City Marathon last Saturday, highlighting the platform’s ability to foster unity, promote healthy lifestyles, and showcasing African excellence on the global stage. Since its inception in 2016, the marathon has evolved into a premier event, attracting participants from across the continent and ...
Maritime
The Nigerian Maritime Administration and Safety Agency (NIMASA) is reviewing 16 proposals for amendments to the Maritime Labour Convention (MLC), 2006, which is often referred to as the “Seafarers' Bill of Rights”. This much was made public at a three-day Tripartite Technical session which brought together key stakeholders from government, employers, unions, and international maritime ...
Business
...How we arrived at 24.48% rebased inflation figure — Statistician General ...MAN, LCCI lament as raw materials imports rise 119% to N4.53trn ...Inflation rate decline influenced by change in computation base year — CPPE The sharp drop in Nigeria’s inflation rate from 34.8% in December 2024 to 24.48% in January 2025 has sparked mixed reactions ...
Economy
The newly inaugurated Presidential Committee on Economic and Financial Inclusion (PreCEFI) has been assigned its terms of reference, officially marking the start of its mandate to oversee and implement key economic reforms under the Aso Accord. The committee chaired by Vice President Kashim Shettima, is tasked with driving Nigeria’s economic transformation towards the federal government’s ...
Maritime
...As Minister engages stakeholders on CVFF disbursement Nigeria has officially launched its bid to contest for a seat in Category C of the International Maritime Organization (IMO) Council, ahead of the 34th IMO Assembly scheduled for November-December 2025 in London. The announcement was made by the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, ...
Energy
The Nigerian Electricity Regulatory Commission (NERC) has granted electricity distribution companies (DisCos) the authority to disconnect customers found guilty of meter bypassing and other forms of electricity theft without prior notice. This directive was issued through an amendment to the Order on unauthorised access, meter tampering, and bypass, replacing Order NERC/REG/41/2017. The updated regulation, which ...
Business
The Centre for the Promotion of Private Enterprise (CPPE) has commented on the sharp decline in Nigeria’s inflation rate, cautioning that while the figures show a significant drop, the cost of living remains a major concern. According to CPPE, headline inflation fell from 34.8% in December 2024 to 24.48% in January 2025. Food inflation also ...
Business
The African Union (AU) has endorsed Nigeria as the Digital Trade Champion for the continent under the Africa Continental Free Trade Area (AFCFTA) Digital Trade protocol. The endorsement follows the impressive record of the Federal Government in promoting digital enterprise and innovation, Bayo Onanuga, Special Adviser to President. Bola Tinubu on Information and Strategy, said ...
Business
Nigeria’s foreign reserves have surpassed the $40 billion mark for the first time in nearly three years, signalling a crucial milestone in the country’s economic recovery efforts. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, disclosed this development during a high-level meeting with Talal Al-Humond, Assistant Governor for Monetary Affairs at the ...
Energy
The Abuja Electricity Distribution Company says electricity consumers in the Federal Capital Territory (FCT) will begin to enjoy full power supply from Feb 23. The company said this in a statement on its X handle in Abuja on Monday. It said the ongoing restoration efforts by the Transmission Company of Nigeria (TCN) on the underground ...
News
Lafarge Africa, a leading innovative and sustainable building solutions company and manufacturers of a range of cement brands, has signed a Memorandum of Understanding on solid waste management with the Lagos State Ministry of Environment and Water Resources through the Lagos State Waste Management Authority (LAWMA) in line with its ambitious zero waste to landfill ...
Money market
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with the sales of $66 million to authorised dealer banks. Due to supply side shortfall, the naira has been under pressures for two weeks after a full week rally. The forex market volatility caused exchange rate to swing negative for 8 out of ...
Crime
The National Agency for Food and Drug Administration and Control (NAFDAC) has intensified its crackdown on counterfeit drug syndicates, uncovering massive illicit medicine depots and seizing truckloads of fake pharmaceuticals across major markets in Idumota, Onitsha, and Aba. NAFDAC Director General, Prof. Mojisola Adeyeye, declared “enough is enough” as operatives raided illegal drug warehouses over ...
Business
Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions. This initiative, which took effect Tuesday, 11 February 2025, communicates that merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving payments from customers. ...
Energy
The Transmission Company of Nigeria (TCN) has confirmed that no system collapse has occurred this year, despite some instances of line tripping. The company made this statement on its X (formerly Twitter) account over the weekend, addressing concerns about recent grid issues. “TCN management would like to reiterate that there has been no system collapse ...