Emirates Airline has made a significant return to Nigeria, resuming operations in Lagos for the first time in two years. The flight EK 783 landed at Murtala Muhammad International Airport on October 1, 2024, at 3:32 PM, marking the airline’s…
The African Export-Import Bank (Afreximbank) is set to invest $200 million in Nigeria’s creative industry, a statement from the Ministry of Arts, Culture, and Creative Economy has revealed. In a statement issued yesterday, the ministry announced that this investment was…
The National Bureau of Statistics (NBS) says 20.30 billion litres of Premium Motor Spirit (PMS) also known as petrol was imported in 2023. The NBS stated this in its Petroleum Products Distribution Statistics for 2023 released in Abuja on Tuesday.…
The Nigerian Economic Summit Group (NESG) has said that for Nigeria to achieve the desired national development, efforts must be focused on diversifying the economy, creating jobs, and fostering a growth trajectory that promotes social inclusion and provides targeted intervention…
The Nigeria Deposit Insurance Corporation (NDIC) says it has strengthened its collaboration with the judiciary to expedite the prosecution of failed financial institutions. The Managing Director of NDIC, Mr Bello Hassan, said this at the Corporation’s special day at the…
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has said it will address ticket racketeering at the Abuja-Kaduna Train Service (AKTS). The Deputy Director, Public Relations of NRC, Yakub Mahmood gave the assurance in a statement in Lagos. “Information has…
By Seun Ibiyemi According to the Nigeria Extractive Industries Transparency Initiative (NEITI)’s 2022 and 2023 Independent Oil and Gas Industry Report released last weekend in Abuja, about 7.68 million barrels of crude were either stolen or lost in Nigeria in…
The Nigeria Deposit Insurance Corporation (NDIC) has adopted the Nigeria Inter-Bank Settlement System (NIBSS) to pay insured depositors of the now-defunct Heritage Bank, citing limitations in the Remita payment platform. NDIC’s Deputy Director at the Enugu Zonal Office, Pamela Roberts,…
The Federation Allocation Accounts Committee (FAAC) has deducted N622.75 million over a 15-month period to repay loans disbursed to farmers under the Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme. The Anchor Borrowers Programme, launched by the CBN in November…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) under Governor Yemi Cardoso has seen a significant boost in Nigeria’s banking reserves, reaching N26.8 trillion in August 2024, up from N19.4 trillion a year earlier. This surge follows the CBN’s…
