Nigerian Civil Aviation Authority ,NCAA, has lifted the ban placed on Boeing 737 Max Aircraft operating in the Nigerian Airspace. The ban was placed following two fatal accident involving the aircraft. A statement by the Director General, NCAA, Captain Musa Nuhu said the lifting of the ban came into effect on 12th February, 2021. Captain […]
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Women pivotal to socio-economic development and bridging digital divide- Danbatta The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has emphasized the important role played by women in the country’s socio-economic and political space while underscoring the need to empower them in Information and Communication Technology (ICT) as
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Investors and viewers of the Nigerian Television Authority (NTA) stations will now be able to see the daily price information of securities trading on the Nigerian Stock Exchange (NSE). According to the News Agency of Nigeria, NAN, the NSE Chief Executive Officer, Mr Oscar Onyema, said this at the digital closing gong ceremony hosted by
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By Dr, Muda Yusuf The Lagos Chamber of Commerce & Industry notes with concern the continued uptrend in domestic consumer prices as headline inflation further accelerated to 16.47% in January 2021, the highest since May 2017. The up tick in domestic prices was largely driven by the persistent food inflationary pressures, with food inflation hitting
Headline inflation in Nigeria has risen by 0.71 percent to 16.5 percent in January 2021, from 15.8 percent, recorded in December 2020, thus indicating the 17th monthly rise in inflation since September 2019 when it stood at 11.24 percent. The National Bureau of Statistics, NBS, which indicated this in its Cosumers’ Price Index Report for
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Ngozi Okonjo-Iweala, apparently the first female director-general of the World Trade Organisation (WTO), has stressed the need for building a strong organization. In her post-appointment remarks, obtained by The Daily. www.thedaily-ng.com, She said: “I am honoured to have been selected by WTO members as WTO Director-General,” Okonjo-Iweala said on Monday afternoon. “A strong WTO is
Fidelity Bank Plc, a leading Bank, has successfully issued 10 years N41.21 billion in fixed-rate unsecured subordinated bond at an 8.5 percent coupon rate due in 2031. The bond issuance, which was fully subscribed is a landmark achievement in Nigeria. Commenting on the importance of the bond issuance, Chairman, Fidelity Bank, Mustapha Chike-Obi, said: “It
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HAPPY VALENTINE’S DAY: First Bank admonishes customers to mask while celebrating As the Coronavirus pandemic continues to ravage the world, the First Bank of Nigeria has admonished Nigerians to use their mask while celebrating this year’s Valentine’s Day. In its message to customers, obtained by The Daily, www.thedaily-ng.com, FBN, stated: “Times have changed but our love remains
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CRYPTOCURRENCY: We have sole right to regulate trading in Nigeria — SEC As the controversy over the use of cryptocurrency continues to linger, the Securities and Exchange Commission, SEC has disclosed that it has the responsibility to regulate trading on all digital assets, including the currency in Nigeria. The Central Bank of Nigeria (CBN) Circular of February 5, 2021, had previously
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On February 8, 2021, the Board of Directors, under the conditions set forth at the Extraordinary Shareholders’ Meeting of May 26, 2017, decided to decrease the share capital of TOTAL SE by way of cancellation of 23,284,409 treasury shares representing 0.88% of the share capital. According to Total, “These shares were repurchased from October 31,
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