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

    • July 19, 2022
    • Posted by: admin
    • 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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  • Aero Contractors to Suspend Operations July 20

    • July 19, 2022
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation, Tourism
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    One of the leading airline operators in Nigeria, Aero Contractors, had reportedly announced the indefinite suspension of its operations, citing the rising cost of maintenance, inflation and foreign exchange (FX) scarcity, amongst others as the reason for its action. In a statement issued on Monday, the company, which is the oldest airline in the country,

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  • AIO Named Kenya’s Dr Ben Kajwang As President, Released Dates For 26th African Reinsurance Forum

    • July 19, 2022
    • Posted by: admin
    • Category: Economy, Insurance & Pensions, Latest News, Marine & Aviation, Tourism
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    Dr Ben Kajwang, Director at the College of Insurance had recently been namedthe President of the African Insurance Organisation (AIO) at the just concluded 48th AIO Conference and Annual General Assembly held at theEdge Convention Centre in Nairobi. Dr Kajwang is the immediate past Vice President, and he took overfrom Mr Tope Smart, the Group

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  • FEC approves projects to improve power supply in Nigeria

    • June 30, 2022
    • Posted by: admin
    • Category: Economy, Energy, Latest News
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    The Federal Executive Council (FEC) has approved projects to shore up power supply across the country. Minister of Power, Abubakar Aliyu, announced this after the Federal Executive Council (FEC) meeting, presided by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. Mr Aliyu said the projects were aimed at strengthening the capacity of

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  • Aviation Leaders Assemble in Doha for IATA’s 78th AGM

    • June 18, 2022
    • Posted by: admin
    • Category: Latest News, Marine & Aviation, Tourism
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     The International Air Transport Association (IATA), announced that leaders of the global aviation industry are gathering in Doha, Qatar, for the 78th IATA Annual General Meeting (AGM) and World Air Transport Summit (WATS), with Qatar Airways as the host airline. The event (19-21 June) attracts the industry’s most senior leaders from among IATA’s 290 member

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

    • May 6, 2022
    • Posted by: admin
    • 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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  • New UK Visa Exempts Graduates From Nigerian Universities.

    • May 6, 2022
    • Posted by: admin
    • Category: Economy, Education, Latest News, Tourism
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    The United Kingdom is set to begin issuance of a new visa that allows holders of first degrees, masters, and doctorates to travel to the country and work in fields such as science, technology, innovation, and entrepreneurship by May 30. The visa – high potential individual visa, allows applicants to relocate to the UK without

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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
    • Posted by: admin
    • 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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