BUSINESS
Buhari Will Commission My Refinery Before End Of His Tenure — Dangote
Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Refinery will be ready for commissioning before the end of President Muhammadu Buhari administration in 2023. He gave the assurance Friday while fielding questions from...
Sen. Kalu Reveals Secret Of Business Start-Up, Management To Nigerian Youths
A billionaire Nigerian businessman and politician, Sen. Orji Uzor Kalu on Thursday delivered a lecture on ways to strike a business start-up and management in Anambra. ABN TV gathered that the event was organised by Dr. Stannel Uzochukwu CEO/MD Stannel group in collaboration with Access Bank, BON Hotel, office of the Governor Anambra state amongst others. The former Abia governor delivered...
Consumers Traders Kick Against Plan To Ban Ponmo
Some Nigerians have kicked against the proposed plan by the Federal Government to ban the consumption of cooked cow skin, popularly known as ponmo. Recall that the Director General of the Nigerian Institute of Leather and Science Technology, Zaria, Prof. Muhammad Yakubu, recently said the institute and other stakeholders would be approaching the National Assembly and state governments to establish...
Pay New Notes Over The Counter, CBN Orders Commercial Banks
The Central Bank of Nigeria (CBN) has reversed itself and directed banks to commence paying customers new Naira notes Over The Counter (OTC). The apex bank said the order was to reduce queues around Automated Teller Machines (ATMs) across the country. CBN Governor Godwin Emefiele gave the directive in Abuja on Thursday. READ ALSO: CBN Issues Fresh Guideline On Effective Distribution New Naira Notes A...
Appeal Court Voids Judgement Stopping Monthly Allocation To Rivers State
The court of appeal in Abuja has set aside the judgment restraining the Central Bank of Nigeria (CBN) from disbursing financial allocations to the Rivers state government. The three-member panel, on Friday, ruled that the subject matter of the state’s appropriation bill is not within the jurisdiction of the federal high court. The Hamman Barka-led appellate court held that the lower...
CBN Announces Operational Changes To FX Market
The Central Bank of Nigeria (CBN) would like to notify all authorized dealers and the general public of the following urgent modifications to operations in the Nigerian Foreign Exchange (FX) Market. Segmentation is being phased out. The Investors and Exporters (1&E) window now contains all segments. Medicals, school fees, BTA/PTA, and SME applications would continue to be processed through deposit...
NCAA Suspends Azman Air For Failing To Renew Licence
The Nigerian Civil Aviation Authority (NCAA) has suspended Azman Air over the carrier’s inability to renew its Air Operators Certificate (AOC). It was also learnt that the regulatory body had given it much time to renew the AOC, but failed despite issuing the airline another 30 days ultimatum to meet the requirements. A source in the airline however said the required...
I Prevented Nigeria From Sliding Into Economic Disaster — Tinubu
In his first New Year address to the nation, President Bola Tinubu, on Monday, said he took difficult steps at reforming Nigeria’s economy to avert a looming fiscal crisis He assured Nigerians that the harsh economic realities would not last long, as his reforms would yield the desired results in 2024. Upon assuming office in May 2023, the President announced the...
FG Says Abuja-Kaduna Train Operations To Commence Soon As Repair Of Bombed Rail Track Concluded
The Federal Government says it has completed repair of the damaged track on the Abuja-Kaduna rail line. Engr. Fidet Okhiria, Managing Director of the Nigerian Railway Corporation (NRC), disclosed this in a statement on Thursday. In the statement, whi...
Festus Keyamo Speaks On Possible Date For Resumption Of UAE Flight To Nigeria
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has revealed that the United Arab Emirates (UAE) airlines could resume flight operations to Nigeria before June. The Minister made the revelation on a breakfast programme, the Morning Show, on Arise TV while confirming that he received a letter from Emirates Airline affirming that all issues had been resolved. “Emirates flight...
