The complex interplay between the demand for petroleum products, especially kerosene and their availability to consumers has remained a problem in the country manifesting itself in scarcity, high price and adulteration which often result in explosion a...
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) yesterday tactically devalued the naira from N150.00 to the US $1.00 to N160.00 to US$1.00 and maintained the band of +/-3.0 per cent. “This means that the naira should flo...
In the latest piracy research for Nigeria, the value of PC Software theft reached a new peak at $225 million in 2010, as 82 per cent of software deployed on PCs during the year was pirated. Nigeria is experiencing a rising number of what has turn...
The naira came under pressure yesterday at the official and interbank market as the Central Bank of Nigeria (CBN) failed to meet demand. The regulator sold $250 million out of the $419.22 million demanded at the official bi-weekly auction. This made th...
Helios Towers Nigeria (HTN), the largest builder and manager of cell sites for telecommunications service providers in Nigeria in general late last week decalred that it has taken total control of Multi-Links Nigeria Limited, the first private telephon...
As Dana Air celebrates three years of successful flight operations, Chief Executive Officer, Jacky Hathiramani, has declared the airlines intention to expand its network to more Nigerian cities and the West Coast of Africa. Addressing newsm...
Nigeria would require about $67 billion over the next four years to fill the infrastructural gap in the country towards realising the Vision 2020. Minister of Finance, Ngozi Okonjo-Iweala who stated this at the Africa Regional Public Privat...
As the Nigerian and British Governments strive to resolve the air impasse that resulted in the reduction of British Airways slots to Lagos Airport, Nkem Osuagwu writes on the need to ensure that reciprocity is maintained in Bilateral Air Services Agree...
A workshop held in the United Kingdom has suggested the mandatory inclusion of a health warning on air tickets, as on cigarette packets, to warn passengers of the dangers of inhalable toxic chemical in aircraft cabin air. The W...
The demand for dollars surged yesterday as the Central Bank of Nigeria (CBN) could only meet 36 per cent of demand. As a result, the naira shed 168 kobo against the dollar at the official market. At the interbank, the naira also depreciated...
The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt (domestic and external) currently stands at N6.1 trillion. The Director General of DMO Dr. Abraham Nwankwo made this known yesterday at the commencement o...
The market is set to contrast ahead of expected October fund inflow into the system. The Central Bank of Nigeria (CBN) has already taken a pre-emptive step when it sold treasury bills worth N132.05 billion last week, even as additional N65...
There is no doubt that dubious officials have taken advantage of the electricity power crises and failure in Nigeria to engage in large-scale corruption. GEORGE OKOJIE examines how the antics of greedy officials of the Power Holding Company of Nigeria ...
Despite the recent pronouncement in the maritime industry by the minister of finance and the coordinating minister of the economy, Dr. Ngozi Okonjo-Iweala, which signalled the much needed reforms in the sector, many issues have continued to bedevil the...
About 6,067 cars are expected to reach the PTML, SFM and Five-Star terminals in Tin Can Island port, Apapa before the end of November, 2011, statistics released by the Nigerian Ports Authority, NPA and obtained by our correspondent yesterday has shown....