Business News

Nigerian Air Force opens recruitment for graduates and postgraduates nationwide

Nigeria, Japan: Kisarazu City clarifies hometown deal, says no immigration plans for Nigerians

Crime and Insecurity

Nigerians paid N2.56 billion in ransoms to kidnappers in one year

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Business News

Business and economic news from Nigeria and around the world.

Just in: FG bars Air France, KLM and other foreign airlines, FG to spend N13 billion for automation projects in 4 airports, domestic flights, international passengers, Coronavirus: FG enforces immediate screening of travellers at airports with new directive

Politics

FG impounds aircraft for illegal flight operations

Flair Aviation, a UK company, was given approval for humanitarian operations but regrettably, we caught them conducting commercial flights.

Fake labs, travel frustrations, passengers allege COVID-19 test Scams at airport, Aviation, Nigerians hit with over 60% delayed and cancelled domestic flights in 2018

Company News

COVID-19: The ‘New Normal’ for Nigerian aviation industry

by Abiola Odutola

The ‘New Normal’ would be challenging but must be adhered to if the industry must survive the outbreak.

FAAN reacts to release of guideline for resumption of flight operations post covid-19, FAAN releases new guidelines for post covid-19 flight operations

Politics

FAAN denies issuing Post-COVID guidelines for resumption of flight operations

FAAN reacted to the allegation of issuing new post-COVID-19 guidelines that it is still working on travel guide for air...

Politics

COVID-19: Over 5,000 tonnes of cocoa beans are stuck in Nigeria

by Abiola Odutola

The cocoa mid-crop output is expected to be weak as measures to curb the spread of the coronavirus hindered farmers...

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Brent crude surges 5.4%, global demand for energy climbs higher

by Olumide Adesina

Brent crude increased by $1.71, 5.49%, as it closed a barrel at $32.84,

Analysing the demands of Nigerian SMEs to achieve global competitiveness

FG grants new MSMEs 80% discount on NAFDAC registration

by Ruth Okwumbu-Imafidon

“It is quite clear that the President is committed to supporting existing MSMEs and encouraging the rise of new ones,...

The week investors stayed on the sidelines at Nigeria’s stock market

by Olumide Adesina

All-Share Index and Market Capitalization both depreciated by 0.72% to close the week at 23,871.33 and N12.441 trillion respectively.

How COVID-19 has hit the advertising and entertainment industries – Effiong

by Ruth Okwumbu-Imafidon

The coronavirus pandemic has hindered corporate brands from spending on advertising from Q1 to Q2 2020.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira strengthens against the dollar at I&E window, closes at N386 to $1

May 15, 2020

The local currency strengthened by N0.58 against the dollar, compared to the N386.58 to a dollar that it traded on...

Chief Justice of Nigeria directs chief judges to decongest prisons due to covid-19

CJN directs Chief Judges to decongest prisons due to covid-19