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N5.9b Debt: FG orders demolition of Globacom masts nationwide
- October 16, 2021
- Posted by: admin
- Category: Digital Economy, Economy, Latest News, Marine & Aviation
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The Presidency is reportedly set to demolish masts belonging to Globacom Limited across the country for failure to pay N5.9 billion renewal fees for height clearance to its agency. The Presidency had already sent a memo to some of its appendage agencies including the Nigerian Civil Aviation Authority (NCAA) to recover debts and other government
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NIGERIA’S FINANCIAL UPDATES
- October 16, 2021
- Posted by: admin
- Category: Economy, Latest News
NIGERIA FINANCIAL UPDATES AS AT OCTBER 13, 2021 1. EXCESS CRUDE ACCOUNT (ECA) BALANCE AS AT 13TH OCTOBER 2021 STANDS AT $60, 857,773.43 2. STABILIZATION ACCOUNT BALANCE AS AT 13TH OCTOBER, 2021 STANDS AT N 25,009,892,511.55 3. DEVELOPMENT OF NATURAL RESOURCES ACCOUNT BALANCE AS AT 13TH OCTOBER, 2021 STANDS AT N56, 144,024,000.71 Source: The Honorable
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- October 16, 2021
- Posted by: admin
- Category: Economy, Latest News, Youths & Sports
While appreciating the role of lawful peaceful protests in the advancement of public discourse under democratic governance, the National Economic Council (NEC) strongly advise those planning public protests across the country to mark the anniversary of the #EndSARS, to consider other lawful alternative means of engagement. This is because of the current security situation across
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Buhari Assures Insurers Of Speedy Signing Of Insurance Industry Bill, Receives CIIN Grand Patron Award
- October 15, 2021
- Posted by: admin
- Category: Economy, Insurance & Pensions, Latest News
President Muhammadu Buhari yesterday in Abuja assured the insurance industry of speedy signing into law the consolidated Insurance Industry Bill 2020. The President gave the assurance during his conferment ceremony as the Grand Patron of the Chartered Insurance Institute of Nigeria (CIIN) by the Chairman and members of the Governing Council of the Institute, Sir
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CBN supports Lagos Blue Line project with N60bn
- October 14, 2021
- Posted by: admin
- Category: Economy, Latest News
The Central Bank of Nigeria said on Thursday that it had supported the Lagos State Blue railway line project with N60 billion to facilitate ease of passengersβ movement and that of businesses in the state. The Director, Development and Finance of the CBN, Mr Phillip Yusuf, disclosed during an inspection of the project, held in
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Dubai Travel: Emirates Suspends Flights To And From Nigeria Until Oct 31
- October 13, 2021
- Posted by: admin
- Category: Economy, Latest News, Marine & Aviation, Tourism
Dubai’s flagship carrier Emirates, yet today announced the extension of suspension of Nigeria flights until October 31st, 2021. According to the information on its website, βcustomers who have been to or connected through Nigeria in the last 14 days will not be permitted on any Emirates flights bound for Dubai. Affected flight bookings have been
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Buhari appoints Yakusak as new CEO of NEPC
- October 12, 2021
- Posted by: admin
- Category: Economy, Latest News
The President, Muhammadu Buhari has approved the appointment of Dr. Ezra Yakusak as Executive Director/Chief Executive Officer of the Nigeria Export Promotion Council. This was announced by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, on Tuesday via his Facebook page. According to the presidential aide, the appointment is for
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Key to Air Cargo Resilience Post Pandemic: Industry Cooperation, Safety, SustainabilityΒ and Modernization
- October 12, 2021
- Posted by: admin
- Category: Economy, Latest News, Marine & Aviation
The International Air Transport Association (IATA) which represents some 290 airlines, comprising 82% of global air traffic has urged the air cargo industry to continue working together at the same pace, with the same levels of cooperation as during the COVID-19 pandemic to overcome future challenges and build industry resilience.Β Sustainability, modernization, and safety were highlighted
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12.5kg cooking gas may sell for N10,000 by Dec, say marketers
- October 10, 2021
- Posted by: admin
- Category: Economy, Energy, Latest News
Marketers of Liquefied Petroleum Gas, well known as cooking gas, on Saturday, reportedly expressed worry over the supply shortage leading to persistent increase in the price of the commodity. They warned that 12.5kg of cooking gas currently selling between N7,500 and N8,000 could rise to N10,000 before December if nothing was done to address the
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Dollar scarcity: Foreign airlines slash ticket sales on Nigeria routesDollar scarcity: Foreign airlines slash ticket sales on Nigeria routes
- October 10, 2021
- Posted by: admin
- Category: Economy, Latest News, Marine & Aviation, Tourism
As the naira crisis continues to worsen, foreign carriers operating in Nigeria have reportedly begun moves to reduce the total number of tickets they sell on Nigerian routes amid worsening dollar scarcity that has made it difficult for them to repatriate billions of naira in ticket sale proceeds to their head offices abroad. The development