Arik Air Grounded By Aviation Minister Keyamo After Court-Mandated Assets Sale; AMCON, NAMA React
Aviation Minister Keyamo has ordered the grounding of Arik Air operations due to a recent court order for asset sales to offset debts
Aviation Minister Keyamo has ordered the grounding of Arik Air operations due to a recent court order for asset sales to offset debts
NCS has reported N2.74 trillion revenue in H1 2024, surpassing targets by 8%, with e-auctions and duty windows boosting growth.
Toyota Chairman Akio Toyoda’s future uncertain as shareholder support fell to 72%, lowest in company history, amid testing violations concerns.
KPMG West Africa Economist, Adelokun has implored government to take bold steps to address Nigeria’s food cost challenges effectively.
Policymakers have been encouraged by easing price pressures, as headline inflation nears Fed’s target, suggesting an interest rate cut.
Jimoh Oyibo says Tinubu should hold NAFDAC’s Director General accountable for banning sachet liquor.
Tension is raised further in Nigeria as angry citizens flood MTN offices across the country over disconnected lines.
Heineken’s half-year results have shown 12.5% profit, falling short of estimates, with a $948 million China resources impairment charge.
Fitch Solutions has projected that Nigeria’s inflation will moderate to below 25% by end of 2024 after peaking at 34.19%
SERAP has sued CBN over unaccounted N100bn dirty notes and other funds, emphasising that recovering missing funds would serve public interest.
ITF has collaborated with CIPMN to launch a special certification for Nigerian artisans, to enhance skills and professionalise the industry.
BUA Cement has announced plans to expand production to 20 million tonnes annually, boosting capacity from 17 million tonnes.
The Taskforce on Illegal Air Charter Operations has alleged that Nigerian private jet owners illegally conduct commercial charters, causing revenue losses.
CITN and ANAN leaders have applauded government’s windfall tax decision, urging judicious use of collected taxes for national benefit.
Dangote Industries says its refinery has to source 67% of it’s crude oil needs outside Nigeria to meet production capacity.
The Central Bank of Nigeria sold FX to 29 Authorised Dealer Banks, ensuring liquidity at rates between N1470.00/$1 and N1510.00/$1.
OpenAI has launched SearchGPT, an AI-powered search engine, challenging Google’s dominance and integrating with ChatGPT for enhanced results.
Health expert Francis Fagbule says Nigeria’s government should invest revenue from sugar sweetened beverage tax in public health initiatives.
Italian oil and gas giant, Eni, has received regulatory approval from the NUPRC for the sale of Agip to Oando
NEITI has urged the FG to eliminate gas flaring by 2025 as Nigeria’s energy demand is projected to rise significantly.
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