No domestic flights scheduled for June 21
Spread the NewsPassengers who have purchased air tickets and planned to travel on June 21 may have to wait for longer for goverment pronouncement as most domestic operators have no flights …
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Importers ‘lose N15tr to pandemic’ in Lagos ports
Spread the News• Scores of cargoes stuck over infrastructure deficit, others • NPA deploys barges for evacuation• Shippers demand concession • Clearing agents decry huge, unpaid demurrages Millions of cargoes …
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CBN waives guarantor requirement for COVID-19 loan applicants
Spread the NewsThe Central Bank of Nigeria (CBN) has waived the requirement for the provision of guarantors by households and small and medium enterprises (SMEs) applying for its N50 billion …
Read MoreStock market defies odds, garners 0.93%
Spread the NewsConcerns that transactions on the floor of the Nigerian Stock Exchange (NSE) would start the new trading week with profit taking evaporated as strong buys from investors drove market’s …
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PPPRA removes price cap on petrol
Spread the NewsThe Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol. The agency made the disclosure …
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Ogbeh drums support for Adesina’s 2nd term as AfDB President
Spread the NewsChief Audu Ogbeh, the former Minister of Agriculture and Rural Development, has drummed support for the President of the African Development Bank (AfDB), Dr Akinwumi Adesina. Ogbeh, who …
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World airlines’ debt to hit $550 billion by end of year
Spread the News• FG to bail out carriers, ground handlers, others The airline industry’s global debt could rise to $550billion by year-end, the International Air Transport Association (IATA), has said. The …
Read MoreNigeria’s central bank cuts key interest rate
Spread the NewsNigeria’s central bank on Thursday cut its key interest rate to its lowest level since 2016 as the country struggles to limit the damage from the coronavirus crisis. …
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NNPC says top fresh management appointments based on merit
Spread the NewsThe Nigerian National Petroleum Corporation (NNPC) has said that professional competence, adherence to the principle of transparency and accountability informed the recent top management appointments executed in March. …
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Investors torn between debt, forex market as naira weakens
Spread the News• GDP grows by 1.87% in Q1 2020, says NBS• It is lowest in last six quarters, analysts lament• OPS predicts contracted growth in Q2 as pandemic persists …
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