The Federal Government, through the Asset Management Corporation of Nigeria (AMCON), is contemplating merging Arik Air and Aero Contractors to form a national carrier. AMCON’s Managing Director, Gbenga Alade, revealed this plan during a media session in Lagos, citing the significant financial difficulties and debts faced by both airlines. Alade mentioned that this proposal had […]
Category archives: News
Presidency Dismisses Criticism from Former APC Chieftain Lukman on Governance Decline
The Presidency has responded to criticisms made by Salihu Lukman, former National Vice Chairman (Northwest) of the ruling All Progressives Congress (APC), who voiced concerns about the deteriorating state of governance in Nigeria. Lukman had argued that each administration, including the current one under President Bola Tinubu, has performed worse than its predecessor. Lukman also […]
FG Threatens to Close Fuel Stations as Petrol Prices Soar to ₦1,000 per Litre
Independent oil marketers in Nigeria have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to between ₦900 and ₦1,000 per litre. This sharp rise has caused significant frustration, particularly as Nigerian National Petroleum Company (NNPC) stations continue to sell petrol at much lower prices, ranging from ₦568 to ₦617 per […]
Domestic Airfare Surges by 25% in Nigeria, Reaching ₦98,561 Amid Rising Taxes
Domestic airfare in Nigeria witnessed a significant spike in July 2024, with ticket prices soaring by 25% compared to the same period last year, as reported by the Nigerian Bureau of Statistics (NBS). The NBS’s Transport Fare Watch Report for July revealed that the average cost of a one-way domestic flight surged to ₦98,561.74, up […]
Dollar to Naira Exchange Rates – 27th August 2024
As of August 26, 2024, the exchange rates for the dollar against the naira in the black market (also known as the parallel market) are as follows: For comparison, the Central Bank of Nigeria (CBN) rates are: Please note that rates may vary and the CBN does not recognize the black market rates. Individuals seeking […]
FG Announces Accredited Universities in Togo and Benin Republic to Combat Degree Fraud
The Federal Government has officially recognized eight universities in Togo and Benin Republic as the only accredited institutions authorized to confer degrees to Nigerians. This move, announced by Minister of Education Prof. Tahir Mamman, is part of the government’s crackdown on educational fraud. During a press conference marking his one-year in office, Mamman disclosed that […]
Rivers Community Flees as Oil Spill Destroys Farmlands and Boreholes
A recent oil spill in the Rumuoduwere community of Elelenwo clan, Obio/Akpor Local Government Area, Rivers State, has devastated farmlands and contaminated boreholes, forcing residents to flee the affected area. The spill, which occurred on Sunday, is reportedly from a facility operated by Shell Petroleum Development Company. Community leader Martin Enwuka, speaking to reporters after […]
Tambuwal’s Media Aide Arraigned for Allegedly Defaming Sokoto Governor
On Monday, Shafi’u Tureta, a media aide to former Sokoto State Governor Aminu Tambuwal, was arraigned before a Chief Magistrate’s Court in Sokoto State for allegedly defaming the current Sokoto State Governor, Ahmad Aliyu. Tureta faced charges related to spreading unlawful media content, specifically for circulating videos and documents deemed defamatory towards Governor Aliyu. One […]
Government Threatens to Close Down Fuel Stations as Petrol Prices Soar to N1,000 per Litre
Independent oil marketers across Nigeria have raised the price of petrol to between N900 and N1,000 per litre, significantly higher than the N568 to N617 per litre found at Nigerian National Petroleum Company (NNPC) outlets. This price hike has led to long queues at NNPC stations as Nigerians seek more affordable fuel. In response, the […]
Crypto Tax Reforms: Zacch Adedeji’s Initiative Will Create Thriving Financial System For Nigeria – CSOs
About 1000 Coalition of Civil Society Organisations (CSOs) has commended Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), for his pioneering efforts in revolutionizing Nigeria’s tax system to accommodate cryptocurrencies. In a press conference addressed in Abuja on Monday and signed by Mallam Yakubu Mohammed, National Coordinator, and Barr Godspower Ebi, […]