The Nigerian Civil Aviation Authority, NCAA, has imposed a fine of N9.5 million on a non-schedule airline for operating in the country without flight clearance. The NCAA spokesman, Sam Adurogboye, said in a statement on Sunday that the Letter of Sanction conveying the penalties had been sent to Lyxor International, a non-schedule general aviation operator. […]
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The value of the dollar continued to diminish against the naira as the Nigerian currency was traded at N390 at the parallel market on Thursday in Abuja. The News Agency of Nigeria reports that the Naira had also appreciated against the Euro, exchanging at N400 while remaining stable against the Pound Sterling at N465. The […]
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…93,000 APPLICANTS – 55 COUNTRIES AND TERRITORIES …1,000 ENTREPRENEURS SELECTED FOR AFRICA’S LARGEST ENTREPRENEUSHIP PROGRAMME The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. Over 93,000 entrepreneurs, from 55 countries and territories in Africa, applied – more than twice […]
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The Federation Account Allocation Committee (FAAC) on Tuesday shared N429.1 billion, about N36 billion less than what the three tiers of government shared as revenue for January. And the shortfall, according to the Finance Minister, Kemi Adeosun was caused by the unrelenting sabotage of oil pipelines by Niger Delta militants and the fall in oil […]
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Nigeria’s foremost indigenous courier and logistics company, Red Star Express Plc has assured its clients and customers nationwide that the closure of the Abuja Airport will not affect its business. Abuja is a major destination for all courier business. Most packages emanate from Lagos and other economic cities such as Port Harcourt, Kano, Kaduna, Ibadan […]
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The Naira on Monday continued to extend its gains against the dollar at the parallel market, exchanging at N440 (buying rate) and N445 (Selling rate) to a dollar, from N445/N450 it traded on Friday, while the Pound Sterling and the Euro closed at N530 and N465. At the Bureau De Change (BDC) window, the Naira […]
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The Asset Management Corporation of Nigeria (AMCON) has announced the sale of Keystone Bank, one of Nigeria’s commercial banks to to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium). In a statement signed by Jude Nwauzor, AMCON head of corporate communications, the bad debt bank said it “is […]
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The presidential spokesperson, Garba Shehu, says efforts to get the nation out of its present economic challenges are beginning to yield positive results, especially in agriculture. The presidential aide said this in Abuja on Sunday. According to him, an increase in the volume of rice production and processing across the country is already saving the […]
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…Shareholders Laud Transcorp Hotels’ performance, Approve dividend payment Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc commended the management and staff of the Company for recording a strong financial and operational performance […]
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The Nigerian National Petroleum Corporation (NNPC) on Friday said it had taken measures to recover 130 million litres of petrol that evaporated from the depots of Capital Oil & Gas and MRS in Lagos. The NNPC Chief Operating Officer, Downstream, Mr Henry Ikem-Obih, made this known in Abuja in a statement by Mr Ndu Ughamadu, NNPC […]
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