HomenewsEconomy

  • Ground Handling Priorities Post Pandemic: Tackling Labor Shortages, Safety, Modernization

    • November 17, 2021
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation, Tourism
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    The International Air Transport Association (IATA) is focusing on standards, digitalization and addressing the skilled labor shortage to build resilience and ensure long-term sustainability post pandemic for ground handling activities.  “There will be challenges as ground handling operations ramp up to meet growing demand as the aviation industry’s recovery from COVID-19 progresses. Overcoming labor shortages,

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  • BREAKING: NERC increases prices of electricity meters

    • November 12, 2021
    • Posted by: admin
    • Category: Economy, Energy, Latest News
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    The Nigerian Electricity Regulatory Commission (NERC) has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021. It announced this in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission and addressed to managing directors, all electricity distribution companies and all meter asset providers. The circular,

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  • FAAN plans tough punishments to tackle corrupt practices at airports

    • November 10, 2021
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation
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    The Federal Airports Authority of Nigeria on Monday declared that henceforth any public or private sector official at the airport found to be involved in whatever form of corrupt practice would lose his or her On Duty Card permanently. It said this and other measures had become necessary following the repeated trending online videos of

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  • Air Cargo, up 9.1% in September, Capacity Remains Constrained

    • November 4, 2021
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation
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    The International Air Transport Association (IATA) has released September 2021 data for global air cargo markets, showing that demand continued to be well above pre-crisis levels and that capacity constraints persist.   According to IATA’s latest report, the comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19. Unless otherwise

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  • eNaira: CBN plans app for persons without bank accounts

    • November 2, 2021
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News
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    The Chief Executive Officer of Bitt Inc., Brian Popelka, has said a phone application for people without bank accounts will be rolling out soon.He said the present version of the eNaira app could only be used by people with bank accounts. Bitt Inc. is the Central Bank of Nigeria’s technical partner for the digital currency,

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  • CBN Targets Financing 25,000 Graduate Entrepreneurs Annually

    • November 1, 2021
    • Posted by: admin
    • Category: Economy, Latest News
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    The Central Bank of Nigeria (CBN) has rolled out a new scheme targeted at financing 25,000 graduate entrepreneurs annually, which will, in turn, create an additional 75,000 sustainable jobs annually across the country. This, the apex bank said, is coming in form of loans for university and polytechnic graduates who are willing to set up

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  • Obiano commissions Anambra International Airport as NCAA fails to approve maiden flight

    • October 31, 2021
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation, Tourism
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    Governor Willie Obiano of Anambra State, Friday reportedly commissioned the Anambra International Passenger and Cargo Airport, Umueri, for commercial use amidst fanfare by indigenes of the state. This came as the aviation regulatory authority, Nigeria Civil Aviation Authority (NCAA), failed to approve the take-off of two commercial flights that were billed to land at the

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  • eNaira: 33 banks join platform as CBN mints 500m, transactions free of charges for 90 days

    • October 25, 2021
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News
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    The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said 33 Nigerian banks have joined the eNaira platform and it has minted N500 million worth of digital currency, even as the apex bank informed that all transactions conducted on these platforms, will be free for 90 days. Ememfiele said this at a ceremony

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  • FG to launch eNaira Monday, says CBN

    • October 23, 2021
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News
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    President, Muhammadu Buhari will officially launch the Nigerian Central Bank Digital Currency, known as the eNaira, on Monday, at the State House, Abuja. The Director, Corporate Communications, CBN, Osita Nwanisobi, said this in a statement on Saturday titled ‘President Buhari to unveil eNaira on Monday, 25 October 2021.’ It stated that the launch of the

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  • UK invites Foreign Truck Drivers, Poultry Workers for short term visas

    • October 17, 2021
    • Posted by: admin
    • Category: Economy, Latest News
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    The United Kingdom (UK) has said it would grant 10,500 short-term work visas to foreign truck drivers and poultry workers until Christmas 2021. According to a statement issued by the Department for Transport over the weekend, 5,000 heavy goods vehicle (HGV) drivers would be able to come to work in the UK for 3 months

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