HomenewsDigital Economy

  • Emirates Flights To Nigeria Now 7 Times Weekly Due to $85m Trapped Revenue

    • July 30, 2022
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    • Category: Digital Economy, Latest News, Marine & Aviation, Tourism
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    Emirates Airlines has reportedly announced that it would reduce its flights to Nigeria from August 15 2022 due to its failure to repatriate its revenue earned from ticket sales in Nigeria. The airline said it would be forced to reduce flights from Dubai to Lagos from 11 times per week to seven times per week,

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  • Domestic Airlines Increase Airfares.

    • July 30, 2022
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    • Category: Digital Economy, Economy, Latest News, Marine & Aviation, Tourism
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    Nigeria airlines have increased fares for domestic flights to at least N80,000 depending on the trip over the rising cost of aviation fuel and foreign exchange (FX) crisis. Checks by TheCable on Friday showed that Azman Air flight from Lagos to Kano/Kaduna increased from about N60,000 to N100,000. Air Peace also increased fares to N80,000 for flights

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  • Interest rates: Five key questions facing the European Central Bank as it plans first increase in 11 years

    • July 20, 2022
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    • Category: Digital Economy, Economy, Latest News
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    The European Central Bank is reportedly set to deliver its first interest rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken. That outlook is getting murkier by the day because inflation is still accelerating and growth slowing sharply. “The

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  • CBN Raises Interest Rate To 14%, Second Time In 2022

    • July 19, 2022
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    • Category: Digital Economy, Economy, Latest News
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    For the second time this year, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again raised the benchmark interest rate to 14 per cent from 13 per cent to curtail the rising inflation..In June, Nigeria’s inflation rate reached a five-year high at 18.60 percent. The monetary policy rate (MPR)

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  • Airlines Announce Shutdown May 9, As Aviation Fuel Hits N700 Per Litre.

    • May 6, 2022
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    • Category: Digital Economy, Economy, Energy, Latest News, Tourism
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    The Airline Operators of Nigeria (AON) has announced the shutdown of operations after aviation fuel reached an all-time high of N700 per litre. Airline operations will be shut down across the country from Monday May 9, due to the skyrocketing cost of aviation fuel. AON sympathized with passengers, adding that the current situation with Jet

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  • Airlines, agents to begin sale of tickets in dollar April, 19

    • April 14, 2022
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News, Marine & Aviation, Tourism
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    Information has emerged that with effect from April 19, 2022, some foreign airlines’ electronics would start accepting issuing of tickets in United States Dollars and no more in Naira. This new policy was caused as a result of the difficulty in repatriating airlines’ huge funds stuck in Nigeria and other countries coupled with foreign exchange

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  • COVID-19: FG Scraps Post-arrival PCR Test for Fully Vaccinated Travellers

    • April 4, 2022
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    • Category: Digital Economy, Economy, Latest News, Marine & Aviation
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    The Federal Government has scrapped post-arrival PCR COVID tests for fully vaccinated travellers entering Nigeria.This was contained in a revised travel protocol the Presidential Steering Committee (PSC) on COVID-19 released at the weekend. The committee under the chairmanship of the Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, said fully vaccinated passengers

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  • FAAN apologises for power outage at Lagos airport

    • April 2, 2022
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News, Marine & Aviation
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    The Federal Airports Authority of Nigeria has apologised for the power outage at the Murtala Muhammed International Airport, Lagos. The apology was contained in a statement by FAAN’s acting General Manager, Corporate Affairs, Faithful Hope-Ivbaze. It had that many passengers were stranded over power outage at the departure lounge of the MMIA. The statement read,

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  • Fuel thieves caused inferno, collapse of high tension towers – TCN

    • December 25, 2021
    • Posted by: admin
    • Category: Digital Economy, Economy, Energy, Latest News
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    The Transmission Company of Nigeria has said Friday’s inferno in Lagos that led to the collapse of five high tension towers was caused by petroleum products pipeline vandals. The inferno occurred at a vandalised pipeline on Isheri Olofin, off Igbando-LASU Expressway and it caused massive damage to the 330KV Ikeja-West Akangba Transmission Line 1. TCN’s

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  • Flight disruption likely over 5G signals -Airline experts

    • December 19, 2021
    • Posted by: admin
    • Category: Digital Economy, Economy, Health, Latest News, Marine & Aviation, Tourism
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    Airline executives have warned that interference from 5G signals using C-band spectrum could lead to flight disruptions. According to Cnet, these industry executives said that if the United States wireless carriers push forward with its plans to begin deploying a specific type of 5G service early next year in spite of interference concerns brought to

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