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Inflation Rises to 11.98% in December–NBS

The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation, increased by 11.98 per cent year-on-year in December 2019. The NBS made this known in its CPI and Inflation Report of December 2019 released on Friday. NBS said the CPI report for December recorded an inflation …

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NAMA Groans as Customs Denies Waiver on Navigational Aids

By Gboyega Adeoye Some revelation on how the Nigeria Customs Service (NCS) achieved its orchestrated N1.3trn revenue came to fore recently as the Nigerian Airspace Management Agency (NAMA) stated that it did not get the waiver it requested from the Nigeria Customs Service (NCS), to clear the CAT111 navigation aids …

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KPMG SME Report: FIRSTBANK Named Biggest Mover In 2019

Written by Collins Nweze Capital is crucial in driving sustainable Small and Medium Enterprises’(SMEs’) growth and uplifting the economy. First Bank of Nigeria Limited, as part of the launch of its specialised SMEs’ propositions, has continually supported SMEs through diverse initiatives. The bank says its support for SMEs is in …

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CBN Drops ATM Charges To N35, Take Effect By January 2020

The Central Bank of Nigeria (CBN) has reduced cash withdrawal charges from other banks’ Automated Teller Machines ATM from N65 to N35 after the third withdrawal within a month. The reviewed is scheduled to take effect from January 1, 2020.      

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BREAKING: Again MPC Retains Policy Rate At 13.5 Percent

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 13.5%. The Apex  bank Governor,  Mr Godwin Emefiele, disclosed this decision during a press conference in Abuja More to follow….

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Nigeria’s GDP Grows By 2.28% In Third Quarter Of 2019

Data made available by the National Bureau of Statistics (NBS) shows that Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. This is 0.17 percentage points higher than the 2.12% revised GDP growth recorded in the second quarter. The GDP report which was released on …

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Dana Air Soars with 5.4m Passengers Airlift in 11 years

Dana Air has announced that it airlifted 5.4 million passengers in the last 11 years of its operations According to a statement by the airline’s Media and Communications Manager, Mr Kingsley Ezenwa, the airline hopes to double the figure by sustaining its operational efficiency, increasing its fleet size, maintaining its …

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Experts Lament Failing National Projects

By Ibitola Babatope Sugarito. The need for experts to intensify in the area of Project Management took the center stage at a conference organised by the National Project Management (ProMaCon) in Abuja on Tuesday. According to Michael Oluwagbemi, Principal Partner, Loftyinc, the gathering was put together as a wake-up call …

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NAMA Set to Employ More Air Traffic Controllers,Boost Workers’ Welfare

By Gboyega Adeoye Managing Director, Nigerian Airspace Management Agency NAMA, Capt Fola Akinkuotu says the agency has concluded plans to employ more Air Traffic Controllers to reduce the stress being encountered by ATC in the discharge of their duties. Speaking at the 48th Annual General meeting of NATCA in Kano, …

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Nigeria jumps 15 places on World Bank’s Ease of Doing Business ranking

Nigeria is now ranked 131 globally on the World Bank’s Ease of Doing Business ranking, moving up by 15 places from its 2019 spot. The Bretton Wood institution released the report in the early hours of Thursday. A comparison of business regulation in 190 countries across the world formed the …

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