Business & Economy - Page 138

Stakeholders in the aviation sector have appealed to the federal government to mitigate the aviation sector financial crisis by removing the “numerous charges” impeding progress in the sector. Addressing State House Correspondents yesterday (Tuesday, October 15) after a meeting with Vice President Kashim

By MIKE ABBAH Nigeria’s annual inflation rate rose in September after recording a two-month consecutive fall The country’s  headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month. This is according

The Nigeria Customs Service (NCS) has extended its verification exercise for the recovery of import duties on illegally imported private aircraft by one month, effective from 14 October to 14 November. Abdullahi Maiwada, spokesperson for the NCS, announced this extension in a

By RUKUYAT ADEYEMI Aradel Holdings Plc, on Monday (yesterday, October 15), said it was listed on the Main Board of the Nigerian Exchange Ltd.(NGX) to leverage the capital market for future growth and expand its operations. Mr Adegbite Falade, Managing Director of Aradel, said

In a major boost to Nigeria’s aviation industry, the federal government has upgraded Maiduguri’s Muhammadu Buhari Airport to international status. The move, considered strategic by aviation stakeholders, is set to transform North East Nigeria into a commercial hub, connecting the country with

The Coca-Cola Nigeria Limited today, Monday, October 14, launched the latest product, Coca-Cola® Wozzaah Zero Sugar, in Port Harcourt, the Rivers State capital. Senior Director, Frontline Marketing at Coca-Cola Nigeria Limited, Yusuf Murtala, said the Wozzaah Zero Sugar  new product, which has been

By RUKAYAT ADEYEMI (NAN) The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s

According to a report by S&P Global Commodity Insights, Dangote Group is preparing to commence crude oil production from its two Nigerian oil assets by the fourth quarter of 2024. After months of challenges related to crude supply, the company is now