Aero Contractors, Nigeria’s oldest aviation company, has taken delivery of the first set of two Dash-8 (Q-400) aircraft at the Nnamdi Azikiwe International Airport, Abuja. The Nigerian registered aircraft owned by UMZA Air will be operated by Aero Contractors under a joint venture agreement between both parties. The Dash 8 aircraft is one of the…
The presidential candidate of the Labour Party, Peter Obi has called for the need to restrict the country’s federal borrowing to a statutory 5 percent of the country’s previous year’s revenue.“…it has become imperative to restrict Federal borrowings to the statutory 5% of the previous year’s revenue,” Mr Obi in a series of tweets on…
The Nigerian Railway Corporation (NRC) has reduced the number of trips on the Lagos-Ibadan train service route as the country’s economic condition continues to worsen. Making this disclosure in an interview with The Punch Newspaper on Tuesday, NRC Managing Director, Fidet Okhiria, disclosed that the corporation cut down the number of trips on Lagos-Ibadan route…
European Union (EU) member states will not be allowed to import any more coal from Russia after the transitional period for the bloc’s embargo ends at midnight on Wednesday, according to the union. The embargo was part of the fifth sanctions package agreed by the EU in April and will be in full force from…
Lagos State Governor, Mr. Babajide Sanwo-Olu on Wednesday said the State Government will strengthen its partnership with the United States and work closely to deepen a mutually beneficial relationship on security, business, entertainment, technology and good governance, among others, to better the lives of the citizens. Governor Sanwo-Olu made the statement on Wednesday while receiving…
The National Bureau of Statistics (NBS), says the number of Electricity Distribution Companies (DisCos) customers in Nigeria increased from 10.37 million in 2020 to 10.51 million in 2021. This is according to the NBS Nigeria Electricity Report 2021 released in Abuja on Monday. The report focuses on energy billed, revenue generated and customers by DISCOS…
The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to adopt measures to increase the country’s revenue and borrow from cheaper sources to cushion Nigeria’s debt portfolio. The President, LCCI, Michael Olawale-Cole, gave the advice in a statement on Monday in Lagos. Mr Olawale-Cole said the advice had become necessary…
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, would host the 2022 Stanbic IBTC Africa China Trade Expo as part of its efforts at promoting trans-regional trade and development between Nigeria and China. The trade expo would feature a panel discussion, masterclasses on trade, a presentation on the Stanbic IBTC Africa China Trade…
The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the countryThe Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in NigeriaSince 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facility First Bank of Nigeria Limited, Nigeria’s premier and…
