Emirates will resume services to Nigeria from 1 October 2024, operating a daily service between Lagos and Dubai, and offering customers more choice and connectivity from Nigeria’s largest city to, and through, Dubai. The service will be operated using a Boeing 777-300ER. EK783 will depart Dubai at 0945hrs, arriving in […]

Cross River State government, has secured a $3.5 billion funding from the Pan-African multilateral financial institution, African Export-importbank (Afreximbank), for some of its key infrastructure projects in the state. The state governor, Senator Bassey Otu, who was in Egypt, last week for a workshop, also visited the African Export-Import Bank […]

One month after obtaining a court order to recover $24 million lost to unauthorised POS transactions, Flutterwave suffered another security breach that allowed unknown persons to divert billions of naira to several bank accounts. The perpetrators illegally transferred ₦11 billion ($7 million) to several accounts in April 2024, one financial […]

The Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the social media handles of their customers, as part of the standard Know-Your-Customer procedure, is not a breach of the right to privacy. Justice Nnamdi […]

Speakers of the 36 Houses of Assembly across the country have endorsed ongoing work by the National Assembly to make provision for state policing in the nation’s constitution. The speakers made their resolution known at the end of a meeting in Abuja on Thursday night. Recall that the Inspector-General of […]

The Naira yesterday depreciated in the parallel market to N1,540 per dollar from N1,530 per dollar on Wednesday. Similarly, the Naira yesterday depreciated to N1,533.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,533.99 per […]

There seems to be hope in the offing for Nigeria as its dwindling daily oil production turned the corner in April, rising marginally from 1.23 million barrels per day in March to 1.28 mbpd, according to the Organisation of the Petroleum Exporting Countries. OPEC, in its Monthly Oil Market Report […]

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that unbeknownst to young cryptocurrency traders in Nigeria, terrorists are using their trade to fund terrorism in the country. The EFCC boss said some of the people who receive money to trade in cryptocurrencies do not know […]

Nigeria’s headline inflation rate has increased to 33.69 per cent in April 2024 up from 33.20 per cent recorded in March 2024, the National Bureau of Statistics has said. This represents a month-over-month increase of 0.49 per cent points in the headline inflation rate, according to the Consumer Price Index […]

A significant milestone has been recorded in the implementation of the Nigeria-Morocco Gas Pipeline project according to ETAFAT, the firm overseeing the project. The company confirmed that the project has advanced a step forward following the commencement of topographic surveys in the northern section. The surveys covering Morocco, Mauritania, and […]