Multichoice's announcement of a price adjustment on its DStv and GOtv packages, effective from May 1, 2024, has stirred reactions from Nigerians. The planned increase, reported to be about 25%, has sparked frustration among subscribers who are already grappling with economic challenges.
Many...
Festus Keyamo, the Minister of Aviation and Aerospace Development, has issued a directive to the Nigeria Civil Aviation Authority (NCAA) to suspend Dana Air following recent incidents that raised concerns about the safety and financial viability of the airline's operations.
In a letter from...
The Federal Airports Authority of Nigeria (FAAN) has announced the reopening of runway 18L/36R at the Murtala Mohammed Airport in Lagos following the recent incident involving a Dana Air plane. The runway was temporarily closed after the aircraft skidded off it during landing.
FAAN's Director...
The Economic and Financial Crimes Commission (EFCC) has taken decisive action by freezing 300 illegal forex trading accounts. This revelation came during an interactive session with journalists in Abuja on Tuesday, April 23, 2024, as disclosed by EFCC Chairman, Ola Olukoyede.
The targeted...
Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian...
Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel. The prices now stand at N940 and N980 per litre, respectively, marking a noteworthy decrease from the previous rates.
This decision follows closely on the heels of the refinery's recent...
The Naira experienced a notable uptick on Tuesday morning, fueled by the Central Bank of Nigeria's (CBN) strategic move to sell dollars to Bureau de Change (BDC) operators at a discounted rate. This intervention aimed to alleviate the mounting pressure observed in the black market. According to...
The Nigerian Naira faced further devaluation on Wednesday, reaching a record low of N1,260 against the US dollar in the parallel foreign exchange market. This marks a significant 2.44 percent decline from the N1,230 exchange rate recorded just days prior on April 19.
At the official window...
The former President of the Society of Petroleum Engineers, Joe Uwakwue, revealed that the Tinubu Administration is still paying fuel subsidies, proposing a significant increase in the pump price of Premium Motor Spirit (PMS) to N925 per liter.
Uwakwue's statement implies that despite the...
Following the recent resignation of Dr. Adesola Adeduntan, First Bank of Nigeria Limited (FirstBank) has announced the appointment of Mr. Olusegun Alebiosu as its acting Chief Executive Officer. With a distinguished career spanning over three decades in the banking and financial services...
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