Six new businesses have been given permission to import petroleum products into Nigeria, the Federal Government announced on Monday. The Managing Director of Nigeria Mainstream and Downstream Petroleum Regulatory Authority…
The Central Bank of Nigeria (CBN) has declared the removal of cash deposit limitations on domiciliary accounts, saying account holders can withdraw up to $10,000 per day. The apex bank,…
The naira should be freely floating against the dollar and other major world currencies, according to reports from the Central Bank of Nigeria (CBN). This is as the naira trades…
The Interim Managing Director of Nigeria Air, Capt Dapo Olumide, on Tuesday, said the aircraft used to unveil the country’s national career was a legitimate chartered flight from Ethiopian Airlines.…
Nigeria is withholding $812m unrepatriated airline funds, the International Air Transport Association (IATA) has said. This is as Africa’s most populous nation is topping the list of five countries that…
Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector’s post-pandemic recovery remains fragile, an industry group said on Monday. The industry is…
The Katsina State Internal Revenue Service (KTIRS) has embarked on a warning exercise to recover over N1 billion in debt and liabilities from erring commercial banks and other taxpayers operating…
Chinese President Xi Jinping has assured President Bola Tinubu of increased economic cooperation with Nigeria, saying the country is important to Africa and the world. According to a statement by…
The meeting between the Federal Government and the Nigerian Labour Congress (NLC) over fuel subsidy removal has ended without a consensus. The meeting began around 4 pm on Wednesday at…
The Nigerian Labour Congress (NLC) says the recently launched Dangote Petrol Refinery may not take complete care of the needs of Nigerians and may not bring down prices of petroleum…