By our reporter| A day after Aero Contractor announced temporary suspension of its operations, the Nigerian Civil Aviation Authority (NCAA) on Wednesday suspended Dana Airlines’ Air Transport Licence (ATL) and…
Read More NCAA suspends Dana Air operations indefinitelyCategory: Economy
National grid collapses again, sixth time in 2022
By our reporter| Nigeria’s electricity grid collapsed again on Wednesday, the sixth time this year, causing a blackout and affecting businesses and livelihoods across the country. Major electricity distribution companies…
Read More National grid collapses again, sixth time in 2022Again, CBN raises interest rate to 14% to check inflation
By our reporter| The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR) from 13 percent to 14 percent. CBN Governor Godwin Emefiele who disclosed the…
Read More Again, CBN raises interest rate to 14% to check inflationBuhari at unveiling of NNPC Limited, says company will guarantee national energy security
By our reporter| President Muhammadu Buhari on Tuesday unveiled the Nigerian National Petroleum Company Limited, assuring that the new company will guarantee energy security in the country. Buhari, who was…
Read More Buhari at unveiling of NNPC Limited, says company will guarantee national energy securityAhead unveiling of NNPC Limited, Kyari says NNPC will ensure availability of petroleum products to FG
By our reporter| The Nigerian National Petroleum Company Limited (NNPC) has pledged to ensure the availability of petroleum products to the federal government. The group managing director, NNPC, Mele Kyari…
Read More Ahead unveiling of NNPC Limited, Kyari says NNPC will ensure availability of petroleum products to FG
