FG Bans Emirates Flights

By Onwuka Gerald The Federal government of Nigeria has issued Emirates Airlines’ outbound flights with a 72-hour suspension. This suspension was contained in a Nigerian Civil Aviation Authority (NCAA) circular issued on February 4. It read that the suspension followed a violation of protocols placed by the Presidential Task Force (PTF) on COVID-19. The airline […]

N1.9tn Petrol Was Consumed By Nigerians In 13 Months — NNPC

The Nigerian National Petroleum Corporation (NNPC) has said that it recorded a total of ₦158.04bn from the sale of white products in the month of October 2020. While white products include petrol, kerosene and diesel, the N158.04bn sales represent 92 per cent increase over the ₦80.15bn sales in September 2020. The is contained in the […]

Telsa, SpaceX Entrepreneur, Elon Musk Becomes World’s Richest Person

By Adejumo Enock Tesla and SpaceX entrepreneur, Elon Musk has been named the richest person in the world. Musk overtook Jeffrey Preston Bezos, the founder, C.E.O and President of Amazon as the world richest man on Thursday when his net worth crossed $185bn (£136bn). BBC News reported that the Tesla and SpaceX entrepreneur was pushed […]

There Was No 50% Increase In Electricity Tariff – NERC

By Adejumo Enock The Nigerian Electricity Regulatory Commission, NERC has said there is no 50 percent increase in electricity tariff. In a statement titled, “Public notice on purported 50% increase in electricity tariffs” by NERC’s Management on Tuesday, the Commission spoke against the backdrop in some quarters that electricity tariff had been increased by 50 […]

Bitcoin Price Hits $30,000 For The First Time

By Onwuka Gerald Digital currency, Bitcoin protracted its record on Saturday, by starting the year with a rise of over $30,000 for the first time, having many traders and investors believing that it’s on its way to becoming a mainstream payment method. Bitcoin price traded as high as $31,824 on Saturday, as almost all other […]

Naira To Fall Further In January — CBN

By Seun Adeuyi The Central Bank of Nigeria (CBN) has disclosed the naira is expected to depreciate further in January 2021. The CBN in a survey carried out by its Statistics Department titled, ‘December 2020 Business Expectations Survey Report’ revealed that there might also be a steady rise in interest rate from December till the […]