Business

The Central Bank of Nigeria has warned Nigerians to restrain from defacing the Naira, describing such act as criminal and an affront on national pride. According to the apex bank, the Naira, like the National flag remains a symbol of Nigeria’s nationhood and sovereignty, hence the need to respect and …

The Nigerian National Petroleum Corporation (NNPC) has said it was running at a loss insisting the pump price rate of N145 per litre for Premium Motor Spirit (PMS) was the bane on its revenue drive. The new Group Managing Director of the NNPC, Mele Kyari, made the disclosure on Wednesday, …

The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets. This is in addition to more than 63 million Chinese Yuan (CNY) released for the Renminbi-denominated Letters of Credit (LoC)  for businessmen …

The 19th Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Melee Kolo Kyari, takes over from his predecessor, Maikanti Baru, who retired from the service of the corporation on July 7 after attaining the statutory 60 years retirement age. Until his appointment, Mr Kyari was Group General Manager, Crude Oil …

Maximizing Airline Efficiency with the Most Accurate Data and Analytics; Kenya Airways has been added to the 15,468 aircraft with GE Aviation’s digital solutions. Kenya Airways has selected GE Aviation for the Flight Operations suite of digital products across the airline’s fleet of Boeing 737, 787 and Embraer E190 aeroplanes. …

The American Petroleum Institute (API) reported a large crude oil inventory draw of 7.55 million barrels for the week ending June 20, but still coming in over analyst expectations of a much bigger 2.891-million barrel drawdown in inventories. Last week, the API reported a draw of 812,000 barrels. A day later, the EIA …

The nation’s power generation dropped to 3,390.7 megawatts on Monday as seven plants, including three built under the National Integrated Power Project, sat idle. Electricity generation has been hovering around 2,600MW and 3,800MW as of 6.00 am every day since the start of this month, according to data obtained by …

The Federal Government on Monday inaugurated the board of the Securities and Exchange Commission with a directive to the board to make the stability of the capital market a cardinal objective. The nine-member board under the chairmanship of Mr. Olufemi Lijadu was inaugurated by the Permanent Secretary in the Ministry …

An hour ago, I sat in on a training session for new managers within our Heirs Holdings Group. As these outstanding young men and women transition into supervisory roles, there is a critical need for the organization to train and support them to deliver on their new responsibilities. New managers …

Bristow Helicopters (Nigeria) Limited (“Bristow”), the leading global provider of industrial aviation services has once again taken a significant step towards its ongoing initiatives and commitment to training and human capacity development in the Nigerian aviation industry. In an exclusive partnership with the Nigerian Content Development and Monitoring Board (NCDMB), …