Economy

By John Ikani The governments of Nigeria and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities, such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and...

By Enyichukwu Enemanna The Nigeria Civil Aviation Authority (NCAA) has announced the suspension of Boeing 737 aircraft's operations, in the fleet of Max Air over safety concerns after a series of incidents. The suspension was conveyed...

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) is perfecting plans to issue policy directives regarding the domestic manufacturing capabilities of essential equipment used in the oil and gas industry. The equipment grouped...

By Enyichukwu Enemanna Nigeria's House of Representatives on Thursday approved the request from President Bola Tinubu, in which he is seeking an amendment to the 2022 appropriation act, to incorporate N500 billion ($625.4m) for palliatives to...

By John Ikani The Central Bank of Nigeria (CBN) has issued a directive to International Money Transfer Operators (IMTOs) to initiate remittance pay-outs in both Naira and foreign exchange to beneficiaries. The decision aims to provide...

By John Ikani Manufacturing stakeholders attending the Nigerian Oil and Gas Energy Week in Abuja have put forward a proposal advocating for subsidies to be provided to manufacturers in the country. They assert that subsidizing the...