The minister of state for aviation, Hadi Sirika, has disclosed that Emirates Airline will resume its flight operations to Abuja on December 15.

The minister made this known via his Twitter account.

Activities on the Nigerian Stock Exchange (NSE) on Tuesday sustained bullish trend for the second consecutive day, with major equities recording price growth led by Nestle. Nestle recorded the highest price growth with a gain of N22 to close at N1,252 per share just as predicted by market watchers.

Mobile operator MTN is focused on laying the groundwork for an initial public offering (IPO) of its Nigerian business and should complete the process in the next six months, says chief executive Rob Shuter.

“We have a lot of advisers running around getting everything ready,” he said in an interview yesterday. “It’s a complicated process and there’s a lot of regulation that needs to be arranged. We are moving forward well with the project and anticipate concluding that in the next six months or so.”

Nigeria has moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report published today, and for the first time the country is recognized as one of the top 10 most improved economies in the world.

The World Bank Doing Business project provides objective measures of business regulations and their enforcement across 190 economies.

Transactions on the Nigerian Stock Exchange (NSE) recorded a profit for the third consecutive day and may hit N13 trillion on sustained gains.

The market had hit the N13 trillion mark in August, the first time since 2014.

The Minister of State, Industry, Trade and Investment, Hajiya Aisha Abubakar has signed a Memorandum of Understanding (MoU) for the understudy of conversion of some Industrial Development Centres to industrial clusters.

Abubakar stated this in a statement issued by Mr Olujimi Oyetomi, the Deputy Director, Press in the ministry on Monday in Abuja.

The Central Bank of Nigeria (CBN), on Tuesday injected another $195 million into the interbank foreign exchange market.

The central bank offered the sum of $100 million to the wholesale window and intervened in the small and medium enterprises (SMEs) segment with $50 million. The invisibles segment, comprising tuition, medical payments and Basic Travel Allowance received $45 million.

Oil markets rose on Monday, with Brent remaining above $60 per barrel on expectations that an OPEC-led production cut due to expire next March would be extended, although rising exports from Iraq kept a lid on prices.

Brent crude futures LCOc1, the international benchmark for oil prices, were at $60.73 per barrel at 0802 GMT, 29 cents or 0.48 percent above their last settlement and near their highest level since July 2015. They have risen more than 36 percent since from 2017-lows marked in June.

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday announced that the aggressive exploration of the inland basins would soon yield result with hydrocarbon finds in commercial quantities.

Baru stated this when he received a delegation from the Nigerian Association of Petroleum Explorationists, led by its President, Mr. Abiodun Adesanya, in Abuja.

Expert Cautions FG On Seizure Of Bank Accounts Over BVN

Expert Cautions FG On Seizure Of Bank AcAn economic expert, Charles Nwekeaku, has advised the Federal Government to follow due process in getting the forfeiture of monies in accounts without Bank Verification Numbers(BVN) to the government.