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Air Peace flight from Abuja to Lagos was delayed after a bird strike occurred before takeoff on November 14, 2024. The airline returned the aircraft to the ramp for safety measures. Passengers disembarked and a replacement aircraft was deployed, minimizing disruptions and ensuring safety.
A...
Access Bank UK has acquired a majority stake in Mauritius' Afrasia Bank, marking a major expansion in Africa. The acquisition strengthens Access Bank UK's corporate and personal banking operations and establishes Mauritius as a strategic hub for trade finance, enhancing cross-border transactions...
NNPCL has achieved a major milestone, reaching 1.8 million barrels per day (mbpd) in crude oil production. The company is on track to meet President Bola Tinubu's target of 2 million barrels per day by December 2024. Additionally, NNPCL has increased gas production to 7.4 mmscf.
The Nigerian...
NNPC Ltd. and Dangote Refinery have signed a landmark 10-year gas supply agreement, marking a major step for Nigeria's energy sector. The deal will supply 100 MMSCF/D of natural gas for the Dangote Refinery in Ibeju-Lekki, aligning with President Tinubu's industrial growth vision and enhancing...
The Nigerian government seeks a $10 billion investment in the power sector through Public-Private Partnerships (PPP) over the next 5-10 years to provide 24-hour electricity. Minister Adebayo Adelabu and ICRC DG Dr. Jobson Ewalefoh emphasize the role of private sector funding in improving the...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured a bulk purchase deal with Dangote Petroleum Refinery, allowing members to buy petrol at N990 per liter when transported by truck. This direct supply arrangement aims to reduce pump prices, ensure consistent...
![Today's Naira Rate[12-11-2024]: Naira Hits Unprecedented Low of N1,735 per Dollar in Black Market](/data/attachments/210/210139-73c462305b83b320f621df1b58c50ac0.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[12-11-2024]: Naira Hits Unprecedented Low of N1,735 per Dollar in Black Market
The Nigerian naira has plummeted to a record low of N1,735 per dollar in the black market, underscoring Nigeria’s ongoing currency crisis. With demand far outpacing supply, the widening gap between official and parallel rates highlights deep economic challenges and the urgent need for foreign...
MultiChoice Nigeria reported a loss of 243,000 DStv and GOtv subscribers between April and September 2024, citing inflation and economic challenges. Facing record-high costs, the company has adjusted its focus toward streaming growth, while also managing legal challenges in Nigeria related to...
Air Peace introduces a first-class cabin on its Lagos-London route, with fares starting at £4,495. The premium offering includes exclusive in-flight meals, lounge access, and a baggage allowance. Available from November 11, 2024, this service enhances the airline's global competitiveness...
Nigeria’s Federal Government is implementing a single-digit tax reform to reduce the tax burden on citizens and businesses. Led by Taiwo Oyedele, the reform includes tax simplification, collaboration between authorities, and lowering corporate tax rates, aiming to boost economic activity and...
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