Access Holdings Plc, Guaranty Trust Holding Company (GTCO) Plc, and Zenith Bank Plc are the three listed Nigerian lenders that recorded the highest growth in net interest income in the first quarter of 2024, data compiled by BusinessDay shows. According to their latest financial statements, the net interest income of Access Holdings […]

The Nigerian government has highlighted the potential benefits of adopting Compressed Natural Gas (CNG) as a means to combat the high inflation rate, which reached 33.69 per cent in April 2024. During a stakeholders’ engagement meeting in Port Harcourt, Rivers State, the Programme Director of the Presidential Initiative on Compressed […]

Air passengers travelling through Murtala Muhammed International Airport, MMIA, Lagos, and Nnamdi Azikiwe International Airport, NAIA, Abuja, can now use free Wi-Fi, Vanguard has gathered. Special Assistant to the Minister of Aviation and Aerospace Development, Mr Tunde Moshood, on Sunday, confirmed the development. Moshood also said plans were in progress […]

The Central Bank of Nigeria (CBN) has officially withdrawn the directive earlier given to banks to enact the process of deduction of cyber security levy to be administered by the office of the National Security Adviser (NSA). This was disclosed in a circular to different categories of banks on Sunday […]

The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, […]

Less than three months after Nigerian Airline, Air Peace, launched its Lagos-London route, the United Kingdom Civil Aviation Authority (UKCAA) has reported the airline to the Nigeria’s Civil Aviation Authority (NCAA), over alleged violation of some aviation safety regulations. LEADERSHIP reports that Air Peace recently commenced operations to Gatwick Airport […]

Elon Musk’s internet company, Starlink, has emerged as Nigeria’s third largest Internet Service Provider (ISP) by subscriber number in the fourth quarter (Q4) of 2023. This was revealed in the latest ISP data released by the Nigerian Communications Commission (NCC). According to the data, the company’s active customers in Nigeria increased to 23,897 in […]

…China rail attracts $3bn investment …Employs 4000 Nigerians President Bola Tinubu has vowed to ensure the successful execution of the Lagos-Ibadan-Abuja rail project to ease mass movement across the country. This is just as he also assured that Nigeria would continue to remain a safe hub for investments, as his […]

Oil major, Shell has confirmed a fire that broke out near its Gbaran Ubie gas facility in Nigeria’s coastal Bayelsa state on Tuesday has been put out. “We are pleased to report that the fire outside our Gbaran Central Processing Facility…went out last night and a regulator-led Joint Investigation Visit […]