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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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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
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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Five banks fined N1.4bn for forex infractions, others
- September 22, 2021
- Posted by: admin
- Category: Digital Economy, Economy, Latest News
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half of the year. The banks are the United Bank of Africa, Fidelity Bank, Access Bank, Guarantee Trust Bank and
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Naira hits all-time low of 543 against Dollar.
- September 9, 2021
- Posted by: admin
- Category: Digital Economy, Economy
The naira on Thursday continued its downward spiral on the parallel market, selling for N543 to the dollar on Thursday. While bureau de change operators in Abuja bought dollar at N540, it was sold for N543. The British Pound was also sold for £1/N740. The development comes 44 days after the Central Bank of Nigeria