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Maureen Ihua-Maduenyi A Nigerian firm, Omni-Blu Aviation Limited, has partnered Omni Helicopters International S.A. of Brazil to develop a new alliance known as Omni Helicopters Nigeria. The joint venture, which was launched on Wednesday, according to the promoters, is created to meet the demand for helicopter services in Nigeria’s oil ...

The Central Bank of Nigeria (CBN) has tightened its operational guidelines on foreign exchange (forex) trading among banks and other authorised dealers. Defaulting banks risk eight weeks suspension, according to the new rules which go into effect immediately. The apex bank has been battling to stabilise the naira’s value. The ...

To Wahab Shittu, a law teacher at the University of Lagos (UNILAG), there is more to the rejection by Senators of Ibrahim Magu as the substantive Economic and Financial Crimes Commission (EFCC) Chairman than the Department of State Services (DSS) security report. The lawyer believes some members of the Red ...

Lagos State Governor Akinwunmi Ambode yesterday signed the Anti-Kidnapping Law, which prescribes death penalty for kidnappers. He also signed the Lagos State Sports Commission and Lagos State Sports Trust Fund into law. Speaking shortly after the ceremony at the Lagos House Alausa, Ikeja, Ambode said the prescribed death for kidnappers ...

[SNA] Khartoum -Kenyan official delegation comprising officials and representatives of more than 20 companies and businessmen led by the Chairman of the Committee on Agriculture and Livestock, Fisheries and Irrigation at the Kenyan Parliament Edan Mohamed paid visit to the country during this week.

The federal government has approved a new national tax policy presented by the Minister of Finance, Kemi Adeosun. The new tax policy, which seeks to address the low tax regime in the country is, however, subject to approval by the National Assembly. Introduced in 1994 by the military government, Nigeria’s ...

It is no longer business as usual for criminals who engage in kidnapping people in Lagos, as the Lagos State Governor Akinwunmi Ambode on Wednesday signed into law a bill on kidnapping which stipulates death penalty and life jail for kidnappers in the state. Ambode while signing into law, “The ...

Concentrating shipment inlets and outlets to the sea ports alone can pose a grave challenge for those involved in that line of business. Nigeria, it needs to be emphasised, is largely an import-dependent economy. That makes shipping a core factor in her industrial growth and development. It makes it a ...

In November 2016, ministers of industry, trade and investment from across Africa met for the second rounds of negotiations in Nairobi, Kenya in furtherance of the on-going negotiations to design the structural framework that will drive the proposed Continental Free Trade Area. The CFTA is expected to deepen intra Africa ...

That Nigeria is in the grip of its worst economic crisis in decades is no longer in doubt. A combination of oil price fall at international market, devaluation of the Naira and rising inflation have cast a cloud of uncertainty in the nation’s economy. In the face of present reality, ...