NIGERIAN carrier, Air Peace, has suspended flights to Dubai, United Arab Emirates, over the non-issuance of visas to Nigerians. The UAE carrier, Emirates Airlines, had earlier suspended its flights, citing the inability to repatriate ticket funds in addition to the…
THE Central Bank of Nigeria (CBN) has promised to protect Nigerians without bank accounts, to ensure they don’t suffer any loss in the proposed Naira redesign exercise. According to the bank, it would protect Nigerians in Unbanked, Underserved, and Rural…
A Boko Haram splinter group, Islamic State West African Province has ordered farmers and fishermen in the Lake Chad region to stop transacting in naira. The move by the terror group was a result of the announcement by the Central…
PRESIDENT Muhammadu Buhari has said his administration will not go back on the plan of the Central Bank of Nigeria (CBN) to redesign the nation’s highest currency notes of N1,000, N500, and N200. Buhari said this on Wednesday evening in…
THE Central Bank of Nigeria has stopped disbursing funds to farmers under the Anchor Borrowers Programme which started in 2015, but beneficiaries kicked against this on Thursday. Presidents of 68 agricultural commodities’ associations told journalists in Abuja on Thursday that…
THE naira has rebounded by 20.8 per cent to 720/dollar at the parallel market, findings by The PUNCH have shown. The development came two weeks after the local currency came under severe pressure at the black market, following the announcement by…
THE Group Managing Director of NNPC Limited, Mele Kyari has blamed petroleum subsidy for the high rate of smuggling of the products across the border. Mr Kyari, while speaking at a summit organized by the House of Representatives Committee on…
The Ogun State Government, under the leadership of Dapo Abiodun, yesterday, took a major step towards making the state an oil producing one, as a firm, Gasoline Integrated International, expressed its readiness to build a N3b refinery in Tongeji Island,…
THE Association of Bureaux Des Change Operators of Nigeria (ABCON) says Naira has continued to firm against the Dollar at the parallel market as date for CBN new currency introduction draws closer. Alhaji Aminu Gwadabe, President, (ABCON), said this in…
TRAVELLERS on the Abuja and Kaduna route can heave a sigh of relief after the minister of transportation, Mu’azu Sambo, reiterated yesterday that the Abuja-Kaduna train service will resume this November. The resumption of the rail service will no doubt…
