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Oando releases delayed 2022 report, plots path to profitability
Oil and gas firm Oando has released its delayed 2022 audited account, indicating that as of December 2022, it required at least N3 trillion to clear debts and inject cash into its operation. However, it is now about 16 months since the com
NCP meets, may merge BOA with NIRSAL
The National Council on Privatisation (NCP) has received key recommendations from its committee on the Bank of Agriculture (BOA), including a proposed merger with the Central Bank of Nigerias NIRSAL Microfinance Ltd and a fresh capital injection t
NCAA suspends Dana Airline operations
The Nigeria Civil Aviation Authority (NCAA), on Wednesday, announced that it has suspended the Air Operator Certificate (AOC) of Dana Airlines with effect immediately amidst safety concerns. The directive is contained in a letter issued and
Ogun agro-cargo airport to begin scheduled, non-scheduled flights Abiodun
The Ogun State Agro-cargo International Airport will begin scheduled and non-scheduled flights in the next few weeks. The state governor, Dapo Abiodun, made this known on Tuesday while speaking at the 13th Gateway International Trade Fair b
Oando releases delayed 2022 report, needs N3trillion to close funding gap
Oil driller Oando requires at least N3 trillion to clear its debts and inject the rest of the cash into its operation to stand a chance of staying in business, according to its latest audited accounts for the year ended 2022. The most pres
CBN sells dollars to BDCs
The Central Bank of Nigeria on Tuesday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,021 per US dollar. This is the second time this month that the apex bank sold US dollars to the BDCs. The bank, on 8 Apr
NERC transfers regulatory oversight of electricity market in Ekiti, Ondo
The Nigerian Electricity Regulatory Commission (NERC) has directed the transfer of regulatory oversight of the electricity markets in Ekiti and Ondo states from NERC to the Ekiti State Electricity Regulatory Bureau (EERB) and the Ondo State Electr
Tinubu approves commencement of consumer credit scheme for Nigerians
President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme. Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services
Criticisms trail Nigerias approval of GMO Corn for planting
Amidst concerns over the adoption of Genetically Modified Crops in Nigeria, the federal government, in January, approved the commercial release of four "Tela maize" varieties for commercial planting in the country. The move placed Nigeria s