Nigeria officially out of a recession for the first time since 2016, as GDP grows 0.55% in Quarter 2 of 2017, for the first time in 5 quarters. The worst recession to ever hit the country. This information was released Read more
There are strong indications that one of Nigeria’s top airlines, Medview Airlines will soon commence flight operations in Ilorin, the Kwara State capital, as part of its domestic route expansion. This will bring to three the number of airlines operating Read more
The Central Bank of Nigeria intervened in the inter-bank foreign exchange market with $413.5 million today, to guarantee liquidity in the system. A breakdown of the latest round of intervention shows that $100 million was allotted to the wholesale window, Read more
Executive orders to cover larger areas Acting President, Yemi Osinbajo, has called for sanctions against banks and financial institutions involved in illicit flows of financial assets from the country. He spoke yesterday at the conference on promoting international cooperation in Read more
Restriction of its aircraft into European Union (EU) member countries notwithstanding, Med-View Airlines Plc yesterday confirmed the running of its Lagos-London-Lagos operations where it operated schedule flights to London Gatwick Airport. The airline, using a wet-leased Boeing 747 aircraft, left Read more
The Kano State Government says it is ready to partner with private investors to boost tomato production in the state. The state Commissioner of Agriculture and Natural Resources, Alhaji Nasiru Gawuna, said this in an interview with the News Agency Read more
Group Director, Stallion Popular farms & Mills, Hapreet Singh has said President Muhammadu Buhari’s agriculture policy aimed at driving down country’s yearly food imports, which stood at about $5 billion, is yielding meaningful result. Speaking in Lagos after the company Read more
The Central Bank of Nigeria (CBN) started the week with the injection of $457.3 million into the foreign exchange market. The development forced the parallel market rate to retreat further to N386 per dollar, against N388 per dollar recorded at Read more
• AMCON refutes liquidation claims • Stakeholders urge action on global safety code A likely merger and conversion of assets of Arik Air and Aero Contractors is one of the options being considered by the Federal Government (FG) in the Read more
Budget office hides approved MTEF 2017-2019 Again, the rising cost of debt for the country’s economy, for the third consecutive time, emerged the top three allocations in the national budget, taking a chunk of N1.8 trillion. By the end of Read more