The temporary closure of the Nnamdi Azikiwe International Airport, Abuja, has been approved by the Federal Government. The closure which will take effect from the midnight of Tuesday March 7, is to enable the Federal Airports Authority of Nigeria (FAAN) to carry out a major rehabilitation of the runway at the airport. The Managing Director […]
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Red Star Express Plc, on March 1st, 2017 commenced a food delivery service through its subsidiary, Red Star Support Services. Aptly known as the “Express Food Delivery Services”, the product has been designed to create a seamless process for people with time constraints and limited opportunity to order for breakfast, lunch or even dinner at […]
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For the first time since eight days ago when the Central Bank of Nigeria (CBN) adjusted the foreign exchange policy, the naira maintained its rate of N450 to a dollar at the parallel market. According to NAN, the pound sterling and euro crashed further at the parallel market, exchanging at N535 and N460 respectively, while the […]
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The Federal High Court in Ibadan on Wednesday awarded N530,000 to Oluwole Aluko for unathorised deduction from his mobile lines by MTN, Nigeria. In his judgment , Justice Nathaniel Ayo-Emmanuel, held that MTN had admitted guilt by not challenging the action. “The plaintiff has the right to allow or reject the use of a caller […]
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Rotimi Amaechi, minister of transportation, has told governors not to ban motorcycles and tricycles because doing so “would affect the nation’s economy negatively”. Speaking on Tuesday in Abuja during the celebration of the national day of Amalgamated Commercial Tricycle and Motorcycle Owners, Repairers and Riders Association of Nigeria (ACOMORAN), Amaechi said a lot of Nigerians […]
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The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar. However, it was N450 to a dollar at the close of transactions on Monday. A survey carried out by the News Agency of Nigeria (NAN) on Tuesday at the Bureau […]
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The Organisation of Petroleum Exporting Countries (OPEC) has lost over $1 trillion to fluctuation of oil prices, its Secretary General, Dr Mohammed Barkindo has said. Barkindo disclosed this on Monday while addressing a news conference organised by the Minster of State for Petroleum, Dr Ibe Kachikwu. According to the OPEC scribe who is on a […]
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The Naira on Monday continued to strengthen against the dollar and other major currencies, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained N10 to exchange at N450 to a dollar at the parallel market, while the Pound Sterling and the Euro exchanged at N560 and N470. At the Bureau De Change (BDC) […]
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The Asset Management Corporation of Nigeria, AMCON, on Monday said Arik Air, under its previous management, owed the International Air Transport Association, IATA, $78 million (about N25 billion). Simon Tumba, Media Consultant to Arik Air, gave the figure while speaking with journalists in Lagos. The airline was on February 9 taken over by the Federal […]
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Nokia on Sunday night re-launched the Nokia 3310 nearly 17 years after its debut. The revamped version will be sold under licence by the Finnish start-up HMD Global, which also unveiled several Nokia-branded Android smartphones. One expert said it was a “fantastic way” to relaunch Nokia’s phone brand. “The 3310 was the first mass-market mobile […]
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