Fakoyejo Olalekan

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

CBN’s $200 Billion FX Repatriation Programme Worsening Nigeria’s Problem – World Bank

The World Bank said the ‘Race to US$200 Billion In FX Repatriation (RT200 FX)’ Programme of the Central Bank of Nigeria (CBN) has worsened Nigeria’s foreign exchange (forex/FX) problem. Recall that the central bank created the RT200 FX Programme to raise $200

December 27, 2022

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business

CBN Places 6,047 BVNs On Fraud Watch List, BVN Linked Accounts Increase

The Central Bank of Nigeria (CBN) has placed some Bank Verification Numbers (BVN) of bank customers on a watch list for fraudulent transactions. This comes as Nigeria prepares for a very important general election in 2023 following the completion of two terms

December 27, 2022

Domestic Airplane Ticket Rises By 97.09%, As Inflation, Dollar Rate, Others Bite

Business·Insights

Domestic Airplane Ticket Price Rises By 97.09%, As Inflation, Dollar Rate, Others Bite

The National Bureau of Statistics (NBS) has disclosed in its Transport Fare Watch report for November 2022 that the average cost of domestic airplane tickets in Nigeria rose by 97.09 per cent year-on-year last month. According to the Transport Fare Watch report,

December 27, 2022

21 International Airlines Operating In Nigeria

Business

Bad Weather Threatens Domestic Airlines’ Revenue

The revenue of domestic airlines is under threat as the Nigeria Civil Aviation Authority (NCAA) warns that hazardous weather in the dry season will affect flight operations. Pilots, airline operators and air traffic controllers (ATCs) were advised to exercise caution during flight

December 26, 2022

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

German Embassy Rejects Old Naira Notes Before CBN’s Deadline

The German Embassy has disclosed that it will stop accepting old naira notes before the deadline set by the Godwin Emefiele-led Central Bank of Nigeria (CBN). Prime Business Africa had reported that the central bank redesigned the naira and announced that the

December 26, 2022

Erisco Foods CEO Criticses Nigerian Gov't Over Importation Trades

Business

Erisco Foods CEO Slams Nigerian Gov’t On Importation

Chief Executive Officer of Erisco Foods, Eric Umeofia, has alleged that Ministries, Departments and Agencies under the Nigerian government antagonise the coountry’s future. Umeofia, whose company produces tomato paste, curry powder, and season cubes, among others, said they don’t actually support economic

December 26, 2022

USAir Peace CEO Reveals Why Airline Is Yet To List On Capital Market

Business·Transport

Foreign Airlines Won’t Last 72 Hours Operating Domestic Flights In Nigeria – Air Peace’s Allen Onyema

Chairman and Chief Executive Officer of Air Peace, Allen Onyema, says foreign airlines can’t survive challenges faced by airline companies operating domestic flights. Onyema, who doubles as the vice-president of the Airline Operators of Nigeria (AON), said without preferential treatment, foreign airlines

December 26, 2022

'Illegal Mining Threatens Nigeria's Economic Growth'

Business·Insights·Oil & Gas

UK’s Coal Mining Approval Gives Credence To Hypocrisy Allegation

The decision of the United Kingdom to approve a coal mine operation in Cumbria, in December, has given credence to the labelling of western countries as ‘hypocritical’ among developing nations. Developed countries have been mounting pressure on Nigeria and other African countries

December 23, 2022

Ghana Regrets 'Unauthorised' Abuja Travel Advisory

Business·News

Ghana Begins Visa On Arrival For Nigerians, Others Amid Liquidity Issues

To boost tourism revenue during the yuletide, the Ghanaian government has begun to issue Ghana visa on arrival. The Ghanaian government is currently expressing liquidity problem that has forced Ghana’s president, the Nana Akufo-Addo, to suspend repayment of debt service under certain

December 23, 2022

Business·Oil & Gas

Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

The Presidential Candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, has said he will remove subsidy on Premium Motor Spirit (PMS), also known as petrol if elected in 2023 election. Tinubu said he’s going to make the bold decision that

December 23, 2022

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Fakoyejo Olalekan

CBN’s $200 Billion FX Repatriation Programme Worsening Nigeria’s Problem – World Bank

CBN Places 6,047 BVNs On Fraud Watch List, BVN Linked Accounts Increase

Domestic Airplane Ticket Price Rises By 97.09%, As Inflation, Dollar Rate, Others Bite

Bad Weather Threatens Domestic Airlines’ Revenue

German Embassy Rejects Old Naira Notes Before CBN’s Deadline

Erisco Foods CEO Slams Nigerian Gov’t On Importation

Foreign Airlines Won’t Last 72 Hours Operating Domestic Flights In Nigeria – Air Peace’s Allen Onyema

UK’s Coal Mining Approval Gives Credence To Hypocrisy Allegation

Ghana Begins Visa On Arrival For Nigerians, Others Amid Liquidity Issues

Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

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