West Africa’s largest container port operator, APM Terminals Apapa, has announced an award of university undergraduate scholarship to 45 students in its host community, the seaport city, Apapa, Lagos State, …
The Economy
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AVIATION TRAVELS & HOSPITALITY
Setting The Records Straight: The truth about returned United Airline flight UAL 613– NAMA
by The Economyby The EconomyAgainst speculations and assumptions from by experts, the Nigerian Airspace Management Agency (NAMA), has provided further accurate details about the United Airline flight 613 which made a return-back to the …
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SHIPPING & TRADE
Sifax receives World Customs global recognition for exceptional service
by The Economyby The EconomyManager of Nigeria’s largest indigenous seaport cargo handling company, Sifax Group has expressed excitement over an international recognition by the World Customs Organisation (WCO) for rendering exceptional service to the …
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NEWS & PUBLIC ECONOMY
Hotels lead Lagos Detty December sales to hit $71.6m
by The Economyby The EconomyThe hospitality industry, especially hotels, apartments and tourist grounds, led Detty December sales in Lagos to hit an impressive $71.6 million, the state government said on Monday. Hotels accounted for …
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The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 34.80% in December 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report …
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SHIPPING & TRADE
Nigerian banks withdraw from export proceeds repatriation extension
by The Economyby The EconomyFollowing a recent directive by the Central Bank of Nigeria CBN, many commercial banks and other related financial institutions associated with export handling and financing have announced their immediate withdrawal …
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AVIATION TRAVELS & HOSPITALITY
SAHCO sacks staff, orders investigation over alleged N100k extortion
by The Economyby The EconomyThe Skyway Aviation Handling Company PLC (SAHCO) has laid off one of its staff allegedly involved in an extortion of N100, 000 from one Oyewale Oyesiji, an Osun State-based automobile …
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NEWS & PUBLIC ECONOMY
Diezani Loots: Nigeria, US sign $52.88m repatriation agreement
by The Economyby The EconomyThe Nigerian Government and the US Government on Friday signed an agreement for the repatriation of 52.88 million dollars being proceeds from the forfeiture of the Galactica assets, linked to …
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AGENCIES
New aviation perm sec tours NAMA headquarters, makes major remarks on agency’s operations
by The Economyby The EconomyThe newly appointed Permanent Secretary of the Ministry of Aviation and Aerospace Development Dr. Ibrahim Abubakar Kana has commended the critical role played by the Nigerian Airspace Management Agency (NAMA) …
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As part of corporate plans to deepen its presence in Sub-saharan Africa, Nigeria’s leading commercial bank, First Bank is looking to expand into several other Adrican countries, including Ethiopia, Angola …