Some residents across Lagos State have debunked the reported slash in the price of eggs as claimed by the Poultry Association of Nigeria (PAN). The residents recounted their experiences on the consistent hike in the price of the produce in spite of the assurances by the Poultry Association of Nigeria in separate interviews with the…
The Federal Republic of Nigeria is set to sign Memorandum of Understanding (MoU) with the Federative Republic of Brazil on Bilateral Air Service Agreement (BASA) to unlock direct flight. Mr Obafemi Bajomo, Special Adviser on Foreign Direct Investments to the Minister of Aviation and Aerospace Development, disclosed this in an interview with the News Agency…
Nigerian Aviation Handling Company (NAHCO) Plc , has recorded improved net profit, posting 166.7 percent growth to N8.88 billion in the first half of 2025, H1’25 from N3.33 billion in H1’24, driven by increased revenue. Interim report and accounts of NAHCO for the H1’25 ended June 30, 2025 released at the Nigerian Exchange (NGX) showed…
The stock market closed on a positive note on Thursday, as performance indices grew by 0.52 per cent due to increased buying activity. Market capitalisation rose by N479 billion, or 0.52 per cent, to close at N92.730 trillion, compared with N92.251 trillion on Wednesday. Similarly, the All-Share Index (ASI) increased by 756.85 points, or 0.52…
The African Development Bank (AFDB) says it has committed 1.2 million dollars grant to support the feasibility study of the Nigeria Battery Energy Storage System (BESS). The grant is under AfDB’s under Energy Transition Catalyst Programme Dr Abdul Kamra, Director-General, Nigeria Country Department, (AFDB) made this known at the Inaugural Workshop of the BESS Feasibility…
Mr Yusuf Usman, a Director at the Nigerian National Petroleum Company Ltd (NNPCL), says the company has drilled four oil wells in the Kolmani area of Bauchi State. He also restated commitment of the company to the exploration and development of oil and gas resources in the northern region of the country. Usman said this…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed suggestions of a possible sale of the Port Harcourt Refining Company, asserting that the facility will remain under government ownership as it undergoes comprehensive rehabilitation. Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., addressed the matter during a corporate town hall meeting held at…
The Central Bank of Nigeria (CBN) has reiterated that its Early Exit Package (EEP), implemented in 2024, was entirely voluntary and not aimed at targeting or destabilising Northern staff. CBN’s Deputy Governor in charge of Economic Policy, Muhammad Abdullahi, made this clarification on Wednesday in Kaduna at a two-day Interactive Session on Government-Citizen Engagement, organised…
The Nigerian stock market continued its upward trend with a gain of N1.74 trillion on Tuesday. Market capitalisation rose by N1.74 trillion, or 2.03 per cent, closing at N87.191 trillion, compared to N85.455 trillion recorded on Monday. Similarly, the All-Share Index (ASI) climbed by 2,746.36 points, or 2.03 per cent, to reach 137,912.87 as against…
Vice-President Kashim Shettima said Nigeria has already committed $538.05 million to the first phase of the Special Agro-Industrial Processing Zones (SAPZ) programme. Shettima made this known on Tuesday at the United Nations Food Systems Summit Stocktake (UNFSS+4) in Addis Ababa, Ethiopia. The News Agency of Nigeria (NAN) reports that SAPZ is a flagship initiative aimed…
