Emirates has been voted ‘Best Airline Worldwide’ for the eighth
consecutive time by the Business Traveller Middle East Awards 2021. The airline also took home
accolades for ‘Airline with the Best First Class’ and ‘Airline with Best Economy Class’.
At the close of the two-day meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the members unanimously voted to retain major economic parameters, with the benchmark lending rate at 11.5 per cent
The key strategic issues and challenges around agricultural exports will be discussed at a major webinar event being hosted by The Nigerian-British Chamber of Commerce (NBCC) on Thursday, May 27, 2021 at 12:00pm
FG approves Lagos, Abuja, 2 other international airports as Special Economic Zones
The Nigerian Government announced it has approved four international airports in Lagos, Kano, Abuja and Port Harcourt as Special Economic Zones. This was disclosed in a statement by Aviation Minister, HadiSirika on Thursday morning
CBN removes N379/$1 exchange rate from website
The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the NAFEX rate is now the default reference exchange rate for official and legitimate transactions. A check by Nairametrics confirms it has been removed while sources within the CBN also confirmed it has been officially removed.
Badagry Deep Seaport to commence operations earlier than planned
Lagos State Government is ready to give the necessary support for the timely delivery of the Badagry Deep Seaport project. The Badagry Deep Seaport is expected to commence operations earlier than planned, as the Lagos State Government is ready to give the necessary support for the timely delivery of the project.
Buhari removes Bala Usman as NPA MD, appoints replacement
President Muhammadu Buhari has approved the recommendation of the Ministry of Transportation under Rt. Hon. Rotimi Amaechi for the setting up of an Administrative Panel of Inquiry to investigate the Management of the Nigerian Ports Authority (NPA).
N120b CBN metering intervention timely – Consumers
One of the myriad of challenges bedeviling the Nigerian Electricity Supply Industry (NESI) is metering. On its own, the Nigeria Electricity Regulatory Commission (NERC) in March 2021 directed the 11 Electricity Distribution Companies (DisCos) to replace obsolete and faulty meters. According to Order No. NERC/246/2021, of March 4, seven million customers in the electricity market were un-metered. The commission that alluded to an enumeration that was carried out added that three million meters among the installed ones were faulty. HERE
NICON Insurance faults report on Senate summon
NICON Insurance Limited has faulted a report on its invitation to the Senate over failure to remit pension fund to the Pension Transitional Arrangement Directorate. In a statement titled, ‘NICON Insurance faults report on senate summon’, the insurance firm recalled the report, which stated that the Nigerian Senate had summoned the firm over ‘Failure to remit N17.4bn pension fund to PTAD’