The Federal Airports Authority of Nigeria (FAAN) on Monday unveiled its contactless payment system at the Murtala Muhammed International Airport, Lagos, with projections to triple revenue generation. Managing Director of FAAN, Mrs. Olubunmi Kuku, represented by the Director of Public Affairs and Consumer Protection, Mr. Henry Agbebire, said the “Operation Go Cashless” initiative would strengthen…
The Federal Government has mobilised rescue operations to Kadauri community in Maru Local Government Area of Zamfara State, where a mining pit collapse killed several artisanal miners. Minister of Solid Minerals Development, Dr Dele Alake, disclosed this in a statement issued on Sunday in Abuja by his Special Assistant on Media, Segun Tomori. He said…
Nigeria’s plan to raise the salaries of political office holders has drawn sharp criticism, with stakeholders urging the government to focus on civil service reform and public welfare instead. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) announced the review last week, noting that political leaders currently earn less than heads of agencies. Figures show…
Shareholders of Unity Bank Plc have overwhelmingly approved a proposed merger with Providus Bank Limited, a deal regulators say will reinforce stability in Nigeria’s financial sector. At a court-sanctioned Extraordinary General Meeting held on 26 September, 293 Unity Bank shareholders, representing 99.32 per cent of total shareholding worth ₦4.4 billion, voted in favour of the…
The Independent Media and Policy Initiative (IMPI) has welcomed the decision of the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) to 27 per cent. Dr Omoniyi Akinsiju, IMPI Chairman, said this in a statement on Wednesday in Abuja. Akinsiju said that the decision aligned with the position IMPI’s analysts had…
The Federal Government has unveiled a new National Marine and Blue Economy Policy aimed at reducing logistics costs, boosting trade competitiveness, and attracting private sector investment into the maritime and transport sectors. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this on Wednesday at the 2025 Transportation Correspondents Association of Nigeria (TCAN) Annual Summit…
The Central Bank of Nigeria (CBN) on Wednesday flagged off a sensitisation campaign in Abuja to promote proper handling of the Naira. At the event, officials of the apex bank urged Nigerians to keep banknotes clean, avoid folding or crushing them, and adopt proper storage practices. Dr. Bala Bello, Deputy Governor, Operations, represented by Dr….
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has urged media practitioners to take a more active role in promoting voluntary tax compliance across Nigeria. Adedeji, represented by his Technical Assistant on Broadcast Media, Arabinrin Aderonke, made the appeal on Wednesday in Kaduna at a one-day sensitisation programme themed “The…
Air Peace has credited the United Kingdom government for its approval to operate scheduled flights from Nigeria into London Heathrow and Gatwick Airports. The Chairman of the airline, Dr. Allen Onyema, in a statement on Wednesday in Lagos, described the development as a landmark achievement, noting that no Nigerian carrier had secured such access in…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that 14 banks have fully met the new capital requirements under the apex bank’s ongoing recapitalisation exercise. Cardoso made this known on Tuesday in Abuja while presenting the communiqué of the 302nd meeting of the Monetary Policy Committee (MPC). The recapitalisation framework,…
