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Firm Set To Unveil Locally-made Electric Vehicle April 28

Firm Set To Unveil Locally-made Electric Vehicle April 28

Clean energy company, Egoras Technology, has announced plans to launch its highly anticipated electric vehicle (EV) on April 28, 2024, marking a significant step towards sustainable transportation solutions. The firm expressed in a statement its commitment to transitioning Africans from ...

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FG Begins Work On 700km Lagos-Calabar Coastal Road

FG Begins Work On 700km Lagos-Calabar Coastal Road

Federal government has commenced the construction of the 700km Lagos-Calabar Coastal Highway and maintenance of critical bridges in Lagos. The minister of works Nweze David Umahi during the handover of the first phase of the project said the government would ...

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FG Begins Construction Of 700km Lagos-Calabar Coastal Road

FG Begins Construction Of 700km Lagos-Calabar Coastal Road

The Federal Government has commenced the construction of the 700km Lagos-Calabar Coastal Highway and maintenance of critical bridges in Lagos. Minister of Works, Engr. David Umahi during the official handover of the first phase of the project said the government ...

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Reps Summon Ministers, NPA, Others Over Alleged Fraudulent Seaports Concession

Reps Summon Ministers, NPA, Others Over Alleged Fraudulent Seaports Concession

The House of Representatives on Tuesday invited the Minister of Blue Economy, Gboyega Oyetola and his counterpart in the Transport ministry, Saidu Alkali over alleged fraudulent concession of critical port infrastructure. Also invited are the Managing Director of Nigeria Ports ...

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CBN Reduces Import Duty Rate By 7.3%

CBN Reduces Import Duty Rate By 7.3%

The Central Bank of Nigeria (CBN), on Friday, slashed the exchange rate for computing Customs duties at the nation’s seaports by 7.3 per cent. The slash, analysts argued, was as a result of the naira that strengthened against the dollar ...

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CBN Reduces Customs Exchange Rate By 2.8%

CBN Reduces Customs Exchange Rate By 2.8%

For the first time since the advent of the administration of President Bola Tinubu, the Central Bank of Nigeria (CBN) has reduced the exchange rate for calculations of Customs Duty rates from N1,515.48 to N1,472.75 to a Dollar. The reduction ...

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Local Airline Operators Groan As Jet A1 Hits N1,300/Litre

Local Airline Operators Groan As Jet A1 Hits N1,300/Litre

Airline Operators of Nigeria (AON), on Friday, has lamented the situation where aviation fuel, also known as Jet A1 now sells for N1300 per litre. In a press statement by the Spokesman of AON, Obiora Okonkwo, the airlines expressed deep ...

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AFCON: Nigerians In S’Africa Risk Xenophobic Attacks Over Super Eagles, Bafana Bafana Clash

AFCON: Nigerians In S’Africa Risk Xenophobic Attacks Over Super Eagles, Bafana Bafana Clash

Nigerians living in South Africa have been warned of possible threats of xenophobic attacks ahead of Wednesday’s top flight semi-final clash between the Nigerian Super Eagles and the Bafana Bafana of South Africa in the ongoing African Cup of Nations ...

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Flight Disruptions: NCAA Threatens Sanctions Against Airlines

Flight Disruptions: NCAA Threatens Sanctions Against Airlines

The Nigeria Civil Aviation Authority (NCAA),  has read the riot act to domestic airline operators, expressing displeasure at the alarming reports of incessant delays, flight disruptions, and schedule changes without adequate notice to passengers. Acting director general of the NCAA, ...

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After Clearance Of Foreign Airlines Trapped Funds, Travel Agents Demand Lower Air Fare

After Clearance Of Foreign Airlines Trapped Funds, Travel Agents Demand Lower Air Fare

After the Central Bank of Nigeria (CBN) released outstanding backlogs of $64.44 million of foreign airlines trapped funds, the National Association of Nigerian Travel Agents (NANTA), on Thursday, called for opening of lower inventories in order to reduce ticket fare ...

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