MALARIA AND COMMON COLD PATIENTS TO BE DENIED BOARDING~ MD AERO CONTRACTORS

The Managing Director of Aero Contractors, Capt. Ado Sanusi, has advised persons with malaria and cold not to bother going to the airport because they may not be allowed to…

BREAKING NEWS: FG HIKES PETROL PUMP PRICE TO #143.80

The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, in a…

TRANSCORP HOTELS SHAREHOLDERS APPROVE N10BN RIGHTS ISSUE

Shareholders of Transcorp Hotels Plc, owners of Transcorp Hilton Abuja and Transcorp Hotels Calabar, have unanimously authorised the Board of Directors to raise N10 billion in its proposed Rights Issue…

DOMESTIC FLIGHTS REOPENING: AIRPEACE FLIES 25 EMPTY AIRCRAFTS, IN READINESS FOR RESUMPTION

Air Peace, an indigenous airline had, on Thursday revealed that it flew all 25 aircrafts in their fleets on the 24th of june, in readiness for the resumption of operations,…

YOU WILL FACE WORST RECESSION IN 40-YEARS W’BANK TELLS FG

The collapse in oil prices resulting from COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, the World Bank has…

FEDERAL GOVERNMENT CEASES THE PURCHASE OF VEHICLE

With Wednesday’s approval of the N2.3 trillion Nigeria Economic Sustainability Plan by the Federal Executive Council, the Federal Government has stopped what it called non-critical and administrative capital spending, including…

WORLD BANK APPROVES $750 MILLION FOR NIGERIAN POWER SECTOR

The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday.…

CORONAVIRUS PANDEMIC – CONSUMERS INCOME DROPS BY 30%

Consumer income levels have fallen by 30 per cent in Nigeria since March due to the impact of the COVID-19 pandemic on the economy. This was disclosed in a recent…

JUST IN: FLIGHTS TO RESUME OPERATION ON..

Virgin Atlantic has announced its intention to resume flights from Lagos to London Heathrow from August 24, 2020. According to a statement by the airline, the international flight will be…

CBN imposes N216bn CRR levy on banks

In a bid to mop up liquidity and prevent speculation in the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday deducted N216 billion from banks accounts as…