The Nigeria Labour Congress (NLC) has rejected the new increase in petrol pump price, saying it will further deepen poverty in the country. “It will further deepen poverty as production …
Azeez Buki
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Following his arrest on Saturday, Telegram founder, Pavel Durov was on Wednesday charged to court by France and banned from leaving the country while his investigation lasts. Thirty nine-year old …
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CUSTOMSNEWS & PUBLIC ECONOMYSHIPPING & TRADE
Food Security: Customs commits to swift processing of food imports
by Azeez Bukiby Azeez BukiThe Nigeria Customs Service has reaffirmed its commitment to streamlining processes that will facilitate President Bola Tinubu’s food security initiative. The Comptroller-General of Customs (CGC), Adewale Adeniyi, said this on …
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AVIATION TRAVELS & HOSPITALITY
Overland Airways begins Lagos to Abuja flights, acquires new aircraft
by Azeez Bukiby Azeez BukiOverland Airways has announced the commencement of direct flight services from Lagos to Abuja. Beginning from August 9, 2024, Overland Airways will offer regular daily direct flights between Nigeria’s economic …
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SHIPPING & TRADE
Protest: Customs assures of normal operations in Apapa Port
by Azeez Bukiby Azeez BukiThe Nigeria Customs Service (NCS) has assured the Nigerian international trade community of unhindered business activities at Nigeria’s premier seaport, Apapa, despite the national protest slated to begin tomorrow Wednesday …
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MANUFACTURING & BRANDSNEWS & PUBLIC ECONOMY
Shoprite will close Abuja mall on Sunday, here’s why
by Azeez Bukiby Azeez BukiSouth African chain of supermarkets, Shoprite will close its Wuse, Abuja branch this Sunday June 30, 2024, citing harsh economic climate in Nigeria. In a circular signed by Chief Executive …
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CUSTOMSSHIPPING & TRADE
Prices to go up again as CBN raises import tariff
by Azeez Bukiby Azeez BukiPrices of goods are set to go up again following an increase of import duty benchmark for the Customs Service by the Central Bank of Nigeria (CBN). The Central Bank …
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FOREX, COMMODITY & CRYPTOCURRENCYMONEY MARKETNEWS & PUBLIC ECONOMY
Naira falls to N1,410 /$1 at black market
by Azeez Bukiby Azeez BukiThe end to the helpless fall of the naira seems far as Nigeria’s currency fell to record low of N1,410 to $1 at the black market on Thursday. On the …
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REAL ESTATE & CONSTRUCTION
Investors forecast real estate sector in 2024
by Azeez Bukiby Azeez BukiAmidst hyper inflation and high cost of building materials, such as cement, sand and steel, real estate stakeholders have forecasted a stable market for 2023. This is even as they …
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AVIATION TRAVELS & HOSPITALITY
African aviation regulators, investors explore opportunities in single air transport market at 14th YD conference
by Azeez Bukiby Azeez BukiThe African Civil Aviation Commission (AFCAC) and industry investors have gathered for the 14th Yamoussoukro Decision (YD) anniversary in Abuja, Nigeria’s political capital, to explore opportunities and limitless possibilities under …