Kenya Airways has stated that three African countries are withholding $28 million of the airline’s revenue. The countries are Nigeria, Malawi, and Ethiopia, according to a...
There are strong indications that a Middle East carrier, Emirates Airlines, will resume flights in Nigeria within the shortest possible time. This followed the release of...
By Umar Suleiman Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Monday said the federal government was proposing an aggregate expenditure of...
The Centre for the Promotion of Private Enterprises (CPPE) has argued that the Nigerian Bureau of Statistics (NBS) under-reported the contribution of Nigeria’s Maritime sector to...
The contribution of Information and Communication Technology to Gross Domestic Product (GDP) rose to 18.44% in the second quarter of 2022. The National Bureau of Statistics...
Growth was driven by 4.8% expansion in non-oil sector Inflation soared to a near 17-year high of 19.6% in July Nigeria’s gross domestic product (GDP) grew...
By FBNQuest We discuss some of the highlights of the Nigerian Economic Summit Group’s (NESG) pre-summit virtual event held yesterday, titled – Key Drivers for Economic...
Nigerian Equities Market maintains positive posture as key market indicator inched up further by 986.13 basis points to close above 49,000bps on Thursday. The Nigerian Exchange...
A civil society organisation, Vanguard for Transparency and Accountability, has commended the Lagos State Internal Revenue Service (LIRS) over its recently introduced Whistle-Blower Initiative. The body described...
The Nigerian equity market commenced week in the red as the local bourse shed N15 billion on Monday, driven by a massive profit-taking spree in the...
Even as many challenges may be confronting the Nigerian operating space, the federal government has clarified that an increase in landing and parking fees of aircraft...
The Minister of Information and Culture, Alhaji Lai Mohammed has revealed why the newly completed Lagos Airport Terminal has not commenced operations months after it was...
Relevant Nigerian authorities have commenced work to address issues around revenue of foreign airlines that have been trapped in Nigeria, put at over $464 million. The...
Global crypto-currency exchange Binance has appointed former HSBC South Africa global banking head Hannes Wessels as its country manager for South Africa. In his new role, Wessels will...
The Nigerian Exchange Limited (NGX) commenced a new trading week in the red territory as equity investors again parted with some fortune to the tune of...
The incessant rise in the prices of goods and services in Nigeria has worsened to indicate a higher cost of living amidst deteriorating consumer purchasing power....
The Office of the Auditor General for the Federation has queried the Nigerian Ports Authority (NPA) over the failure of 18 port terminal operators to remit...
The bears dictated proceedings in the domestic bourse last week, as profit-taking activities dominated market performance, leading to N571 billion losses for investors in the Nigerian...
By FBNQuest Analysts Our chart today, drawn from data from the CBN shows that Nigeria’s gross external reserves increased marginally by $64m to $39.2bn in July....
Oil theft and vandalism in Nigeria have been blamed as the country’s oil production slumped by 28 million barrels between January and July 2022, threatening the...