Green Africa Airways, a Nigerian start-up carrier, has launched its entry into Nigerian aviation sector.

The Central Bank of Nigeria’s (CBN) monetary policy committee has voted to keep the monetary policy rate at 11.5 percent.

The Management of Kaduna Electric says it is aware of power supply situation in Sokoto Metropolis. 

The company in a statement released over the weekend appealed to customers for patience and more understanding as it strives to ensure better electricity services.

The statement explained that the Power transformer supply bulk electricity to most part of the metropolis (Power Station 33KV line) and other rural communities at the Transmission Station is over loaded and stretched beyond its limit.

It quoted the Transmission Company of Nigeria, TCN as saying the power transformer has the capacity to take only 22 megawatts while the total customer’s energy requirements at peak is almost 40 megawatts.

While noting that the transformer cannot accommodate all the customers (eight 11KV feeders, other point loads and the rural communities) at the same time, especially at peak period, the statement cited it as a reason why electricity supply is being rationed/alternated among the various communities/areas. 

It added that residents of Old airport, Tamaje, Dambuwa, Sabaru, Offa road and all adjoining communities feeding from Army Barracks 11 KV feeder (one the 11KV feeders affected by the limitation on the Power Station 33KV line) have a similar but peculiar problem.

The company therefore appealed to customers that it is doing its best to improve the situation in due course.

Nigeria's gross domestic product (GDP) increased by 0.51 percent in the first quarter of 2021.

The Cryptocurrency market has continue to witness selling pressure as the market plunges in spite of Tesla Inc Chief Executive Officer, Elon Musk support tweet for digital assets. 

Naira on Friday fell significantly at the I&E window below the 411.88th mark to the U.S. Dollar, a development which marks the first time it would reach that mark in nearly three months.

The Minister of State for Petroleum Timipre Sylva has allayed fears of possible increase in the pump price of petrol in the month of June.

The Nigeria Governors Forum has recommended that the price of Premium Motor Spirit, also known as petrol, should be between N380 and N408.5 per litre.

Four international airports in Nigeria have been declared as Special Economic Zones.

Van Beurden, the CEO of multinational oil giant Shell has said Niger Delta oil is no longer suitable for the company's business.