At last, US grounds Boeing 737 MAX series; Boeing shares dip
U.S. President Donald Trump on Wednesday issued an emergency order to ground Boeing 737 MAX 8 and MAX 9 aircraft after a crash in Ethiopia that killed 157 people. “We…
Maritime Sector: FG to Generate Over N4.6bn Annually
The Federal Government is working towards generating over N4.6 billion ($15 million) annually from the huge potentials in the maritime industry, the Managing Director of the Nigerian Ports…
Fear not, no Boeing 737 MAX flies in Nigeria – Sirika
The Minister of State for Aviation, Sen. Hadi Sirika, said on Tuesday that Nigeria does not have any Boeing 737 MAX being operated by any Nigerian airline on its register….
AU to Set up ACB By 2045 if Member Countries Meet Primary Macroeconomic Criteria
The plan to establish the African Central Bank (ACB) by the African Union will likely come to fruition by 2045. Ms Naglaa Nozahie representing the Association of African Central Banks…
How a Swiss banker creamed off $2.65m in ‘Car Wash’ scam
Court documents from a Swiss trial have revealed that the former deputy director of the PKB bank earned $2.65 million (CHF2.6 million) for services rendered to the Brazilian group Odebrecht…
Nigeria equity market extends negative outlook, down by 0.35%
The Nigerian Stock Exchange (NSE) extended negative outlook for the second consecutive day with crucial market indices dropping further by 0.35 per cent amid profit taking. Specifically, the All-Share Index…
Nigeria Reaches Satisfactory Progress in Extractive Industry Implementation Standard
The International Board of Extractive Industry Transparency Initiative (EITI) says Nigeria has attained the highest rating in implementation of its standards by member countries. Mr Waziri Adio,…
Shell faces more charges over bribery, emission, explosion
Shell will be prosecuted for criminal charges relating to a $1.3 billion settlement for an oil exploration licence in Nigeria, and has also been summoned by prosecutors to face charges…
Nigeria’s Trade Surplus Hits N1.44tr in Q4, 2018- NBS
Nigeria recorded a favourable trade balance of N1.44 trillion in the fourth quarter of 2018, being 125.5 per cent higher than the record of the third quarter…
PSC Non- Review: Nigeria loses $16bn in Ten Years – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil…