Fakoyejo Olalekan

Isa Pantami Reveals Role Traditional Rulers Must Play In NIN Registration

The Minister of Communications and Digital Economy, Isa Pantami, said traditional rulers are needed for Nigerian government to increase National Identification Number (NIN) registration. Pantami made this known on Friday at Nigeria’s fourth identity day in Abuja, where he revealed that almost

September 17, 2022

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Stock Market: Over N35.19 billion Lost, As Sell Off Sinks NGX Group, Unity Bank, Others

Nigerian equity market depreciated by -0.13% on Friday, causing a loss of N35.19 billion in the market capitalisation, which fell to N26.68 trillion, from N26.72 trillion. This followed the 65.24 basis points lost by the All-Share Index today, resulting to it declining from

September 16, 2022

Business

FG Selects New Foreign Investor, Technical Partner For Nigeria Air

The Nigerian government has reportedly entered into an agreement with Ethiopian Airlines, that will see the latter become a technical partner, as well as core investor in Nigeria Air. It was gathered that the Aviation Ministry sent pilots to Addis Ababa for

September 16, 2022

Uncertainty Surrounds Azman Air’s Future, As Firm Fails To Raise Funds For Aircraft

Business

Azman Air, NCAA Finally Resolve Disagreement Over N1.2 billion Ticket Debt

Following the suspension of its flight operation, Azman Air has reached an agreement with the Nigerian Civil Aviation Authority (NCAA) over its N1.2 billion debt. On Thursday, Azman Air had temporarily shut down its operation after NCAA clampdown on the company for

September 16, 2022

PWC Raises Concern About Traders, FIRS’ VAT Direct Initiative

Business

Inflation Rate: Bread, Fish, Gas, Other Prices Increasing Cost Of Living In Nigeria

The cost of living in Nigeria skyrocketed last month when food inflation hit its highest rate in almost 17 years in August, after rising to 23.12%, with Nigeria’s inflation rate surging to 20.52% in the same month. The Nigerian inflation rate had

September 16, 2022

Business

Revealed: How N1.2 billion Debt, Repayment Disagreement Led To Azman Air’s Suspension

The Director-General of Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu, has revealed that Azman Air shutdown operation due to debt and the company’s inability to renew Air Transport Licence (ATL). Prime Business Africa had reported that Azman Air suspended its passenger

September 16, 2022

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

Business

MTN Nigeria Debt Set To Rise, As SEC Approves New N100 billion Loan

The Securities and Exchange Commission (SEC) has approved request by MTN Nigeria to register a new N200 billion Bond Issuance Programme, as the telecommunications firm seek new capital. The GSM company, in a statement released on Thursday, said it had registered the

September 16, 2022

Business

Azman Air Joins Dana Air, Aero To Suspend Flight

Available air transport for passengers continue to shrink, with Azman Air joining Dana Air and Aero Contractors to suspend flight operation in Nigeria. Having allegedly failed to meet the Air Operators Certificate (AOC) renewal process, Azman Air cancelled flight operation, reportedly informing

September 15, 2022

Business·Markets

Sell-off In UAC Nigeria, Vitafoam, Others Wipe Off N19.11 billion in Nigerian Stock Market

Nigerian stock exchange dip -0.07%, causing the equity capitalisation to lose N19.11 billion, as it depreciated to N26.72 trillion from N26.74 trillion on Thursday, amid sell-off in Vitafoam and UAC Nigeria. This was on the back of the All-Share Index shedding 35.45

September 15, 2022

Cameroonian, Alain Nkontchou, Now Owns 5.13% Of Ecobank After Parting With N917.54m

Business·Insights

Ecobank: Cameroonian Billionaire Alain Nkontchou Set To Become First Foreigner To Own 5% Of Nigerian Bank

Nigerian stock market activities of Cameroonian billionaire, Alain Nkontchou, indicates the investor has his eyes on the 5% majority ownership of Ecobank Transnational Incorporated (ETI). This is according to analysis of multiple documents obtained by Prime Business Africa from the capital market

September 15, 2022

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Fakoyejo Olalekan

Isa Pantami Reveals Role Traditional Rulers Must Play In NIN Registration

Stock Market: Over N35.19 billion Lost, As Sell Off Sinks NGX Group, Unity Bank, Others

FG Selects New Foreign Investor, Technical Partner For Nigeria Air

Azman Air, NCAA Finally Resolve Disagreement Over N1.2 billion Ticket Debt

Inflation Rate: Bread, Fish, Gas, Other Prices Increasing Cost Of Living In Nigeria

Revealed: How N1.2 billion Debt, Repayment Disagreement Led To Azman Air’s Suspension

MTN Nigeria Debt Set To Rise, As SEC Approves New N100 billion Loan

Azman Air Joins Dana Air, Aero To Suspend Flight

Sell-off In UAC Nigeria, Vitafoam, Others Wipe Off N19.11 billion in Nigerian Stock Market

Ecobank: Cameroonian Billionaire Alain Nkontchou Set To Become First Foreigner To Own 5% Of Nigerian Bank

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