Nigeria’s journey towards improving its business environment has been marked by significant challenges, according to Alex Otti, Abia state governor and a prominent economic analyst. Despite efforts to enhance the ease of doing business in Nigeria, progress remains slow and inconsistent, hampering the nation’s economic growth. Recommended article: Nigeria and Grenada Seek to Boost Investment … Read more
European airport traffic has finally returned to pre-COVID levels, signaling a strong recovery in the aviation sector. This recovery reflects the easing of travel restrictions and the increasing confidence of travelers in air travel. Recommended article: Africa Travel Experience Boosted by Wakanow Partnership Key Highlights: For more details on the resurgence of European airport traffic, … Read more
The African travel experience is set to reach new heights thanks to Wakanow’s strategic partnerships. These collaborations aim to enhance travel services, making it easier and more enjoyable for travelers across the continent. Recommended article: UK, US, others Issue Travel Warnings Over Protest in Nigeria Wakanow’s Vision Wakanow is committed to revolutionizing the travel industry … Read more
Recent reports indicate a significant hike in visa fees for Nigerians traveling to the United Arab Emirates (UAE). This move has sparked confusion and concern among travelers and industry experts alike. Despite the growing apprehension, UAE officials have remained silent on the matter, leaving many questions unanswered. Recommended article: UK, US, others Issue Travel Warnings … Read more
The Federal Airports Authority of Nigeria (FAAN) has announced plans to assist passengers impacted by the recent Arik Air Grounding. This major development comes after the airline’s suspension due to operational challenges. Recommended article: UAE Lifts Ban on Nigeria: What It Means for Travelers Overview of the Situation Arik Air, one of Nigeria’s major airlines, … Read more
In a significant crackdown, the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has apprehended 115 human traffickers. This operation also led to the rescue of 75 victims. The agency’s recent efforts highlight the ongoing issue of human trafficking in Nigeria. Recommended article: UK, US, others Issue Travel Warnings Over Protest in Nigeria … Read more
A violent protest erupted at the Federal College of Education FCET (Technical) in Gombe, leading to a chaotic crisis that saw the Governing Council Chair and other officials narrowly escape harm. The unrest, which has been simmering for some time, escalated as students and staff expressed their grievances over prolonged issues within the institution. Recommended … Read more
Summit Bank Gets CBN License Summit Bank has received a provisional license from the Central Bank of Nigeria (CBN) to commence operations. This new entry will increase the number of non-interest banks in Nigeria to six. Recommended article: The Impact of Inflation on Your Savings in Nigeria and How to Beat It Non-Interest Banking in … Read more
The cost of refilling cooking gas cylinders has surged in Lagos, impacting both traders and consumers. As of late July, the new cooking gas fee for a 12.5 kg cylinder is now N15,600, a significant increase from the previous N14,500 earlier in the month. This hike also affects smaller quantities, with 1 kg now costing … Read more
The Nigerian naira has depreciated significantly against the US dollar in both the official and black markets. According to the latest data, the official exchange rate is N1,611.40 per dollar, while in the black market, the dollar is trading at around N1,605, making it cheaper than the official rate. Despite the Central Bank of Nigeria’s … Read more