Rising Fuel Costs Shake Airline Operations UNITED Nigeria Airlines has disclosed that it suffered losses estimated at ₦10 billion within a three-month period as soaring aviation fuel prices and global supply disruptions intensified pressure on Nigeria’s airline industry. The airline’s Executive Chairman, Professor Obiora Okonkwo, attributed the losses largely to the sharp increase in Jet […]
Apple Faces Rising Costs as AI Boom Reshapes Global Tech Supply Chains APPLE has indicated that consumers may soon face higher prices across parts of its product lineup as the global race to build artificial intelligence infrastructure drives up the cost of critical semiconductor components. The development comes as the technology giant grapples with a […]
Massive Demand Greets Federal Government Debt Offer NIGERIA’S fixed-income market recorded another major milestone as investors subscribed approximately ₦1.86 trillion to a ₦1 trillion Treasury Bills auction offered by the Federal Government through the Central Bank of Nigeria. The auction outcome reflects strong investor confidence in government securities and highlights the growing attractiveness of fixed-income […]
CBN Moves to Reshape Nigeria’s Digital Payments Ecosystem THE Central Bank of Nigeria (CBN) has unveiled a far-reaching regulatory framework that will require banks, fintech firms and other payment service providers to store payment transaction data generated within Nigeria on local servers from 1st January 2027. The directive marks one of the most significant regulatory […]
Digital Banking Boom Masks Growing Access Crisis NIGERIA’S transition toward a digital financial ecosystem is accelerating, but beneath the impressive growth in electronic transactions lies a widening accessibility gap affecting millions of citizens. Across emerging suburban settlements, rural communities and urban fringes, residents increasingly depend on Point-of-Sale (POS) agents as traditional banking infrastructure struggles to […]
Nigeria Benefits from Global Oil Market Upswing NIGERIA’S public finances have received a substantial boost after higher crude oil prices and improved production generated a windfall estimated at $6.51 billion within the first four months of the year. The development follows a significant increase in global oil prices triggered by geopolitical tensions in the Middle […]
Banks Dominate Capital Inflow Landscape NIGERIA’S banking sector emerged as the biggest beneficiary of foreign capital inflows in the first quarter of 2026, attracting about 73 per cent of all funds imported into the country amid a sharp rise in investor interest in Nigerian financial assets. According to the National Bureau of Statistics (NBS), total […]
Ibom Air Commences Domestic Operations at New International Terminal in Uyo Enhanced Passenger Experience as Operations Shift PASSENGERS traveling through Akwa Ibom State are now set to enjoy improved airport services as Ibom Air has officially commenced domestic flight operations from the newly commissioned International Terminal of the Victor Attah International Airport, Uyo. The relocation […]
NEPZA Moves to Address Environmental Complaints THE Nigeria Export Processing Zones Authority (NEPZA) has issued a three-month ultimatum to Bao Yao Industry to resolve environmental pollution concerns within the Calabar Free Trade Zone, warning that failure to comply could result in severe regulatory sanctions, including the suspension of its operating licence. The directive was announced […]
By EMEM BENSON Governor Eno Takes Deep Seaport Talks to Paris AKWA Ibom State Governor Umo Eno has renewed efforts to advance the long-awaited Ibom Deep Seaport Project, leading a high-level delegation to Paris, France, for strategic discussions with Africa Global Logistics Group and other prospective partners. The visit, according to the state government, was aimed […]