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FG eyes N834tn to meet net zero target
The Federal Government has stated that Nigeria will require $1.9 trillion (N834 trillion) to achieve net zero emissions by 2060 in order to support the global fight against climate change and meet the country's Energy Transition Plan. According...
Business
Forex crisis: Trapped funds hit $567m as FG meets airlines
The Federal Government will meet with foreign airlines operating in Nigeria on Sunday to discuss issues relating to the international carriers' trapped funds, which have risen to more than $567 million. Emirates Airlines, based in Dubai,...
Business
Dana Air resumes flight operations Nov 9
Dana Air has announced plans to resume flight operations on November 9, 2022, following the successful completion of the Nigerian Civil Aviation Authority audit. "We are pleased to announce that we will resume flight operations on November 9th,...
Business
NGX plans awards for outstanding capital market stakeholders
The Nigerian Exchange Limited has announced plans to host the 'NGX Made of Africa Awards' in 2022. The award recognizes stakeholders in the capital market ecosystem who have demonstrated exceptional performance in value delivery and long-term...
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FG mulls Chinese, Portuguese loans to complete railways
According to Transport Minister Mu'azu Sambo, the federal government is seeking multibillion-dollar loans from Chinese, Portuguese, and Turkish financial institutions to complete ongoing rail projects across the country. On Thursday, Sambo made...
Business
N92bn Abuja airport runway ready 2023 – Minister
Senator Hadi Sirika, Minister of Aviation, assured the National Assembly's joint aviation committees on Thursday that the second Abuja International Airport Runway would be completed before the current regime leaves office. Sirika promised the...
Business
Shell to pay Amni’s $4.6m into court’s account
Shell Western Supply & Trading Limited has been ordered by Justice Akintayo Aluko of a Federal High Court sitting in Lagos to pay $4.6 million into the account of the court's deputy chief registrar, which the firm keeps for Amni International...
Business
Union Bank gets $25m agric funding
Union Bank of Nigeria and the Africa Agriculture and Trade Investment Fund announced a $25 million funding line from AATIF to expand the bank's agricultural business footprint. Union Bank said it anchored its food and agri-finance strategy around...
Business