NIGERIA has recorded a negative trade balance quarter-on-quarter, QoQ, as export declined by 19.8 percent to N5.93 trillion in the third quarter of 2022, Q3’22, from N7.4 trillion in Q2’22, while import bill rose 4.2 percent to N5.66 trillion from…
THE Nigerian National Petroleum Company Limited has signed five Memoranda of Understanding with the national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. The five National Oil Companies and relevant entities are from…
…as local currency weakens by 53%, external debt rises by 288% •Nigeria needs strong, productive economy, say economists The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden.…
LEAP Africa has appointed a new board chair, co-chair, and acting executive director. Mrs Omatseye and Mr. Larry Ettah have been appointed as board chair and co-chair respectively. Mrs. Omatseye and Mr. Ettah are astute business leaders of great repute…
NIGERIA’s largest airline, Air Peace has introduced new flights on its Enugu and Owerri routes. According to the airline, there is available scheduled flights as follows, Owerri-Lagos 09:10, Lagos-Owerri 15:30, Enugu-Lagos 07:20 and Lagos-Enugu 17:00 flights. Air Peace also noted…
THE Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have urged the Federal Government to put an end to the fuel shortages and price hike in the country. The Presidents of NLC and the TUC said this in a…
THE Management of Kano Electricity Distribution Company (KEDCO) appoints Sani Bala Sani as the new Head of Corporate Communications. His appointment is part of the Management’s efforts of realigning the company’s workforce for improved operational efficiency and corporate effectiveness. The…
THE Federal Government on Wednesday said state governors were partly responsible for the rising rate of poverty in the country. It blamed the state chief executives for favouring the construction of infrastructure, such as bridges and airports, in cities, rather…
•There will not be fuel price hike during Yuletide period, says govt •NMDPRA assures motorists current stock can last for 34 days •Govt can’t continue subsidy amid diversion – NNPC source For the first time in weeks since the scarcity…
OWNERS of foreign-registered private jets, comprising top business moguls, leading commercial banks and other rich Nigerians, have dragged the Federal Government to court seeking to prevent the government from grounding their planes for allegedly refusing to pay import duty on…
