Business
FG Restricts Airlines From UK, Canada, Saudi Arabia, Others
Published
3 years agoon
By
Editor
The Minister of Aviation, Capt. Hadi Sirika, says effective from Tuesday, Dec. 14, the Federal Government of Nigeria will restrict airlines coming from Canada, the United Kingdom, Saudi Arabia and Argentina into the country.
The Minister, while making the announcement on Sunday in Lagos, explained that it was to reciprocate restricted flights from Nigeria into those countries over the new COVID-19 variant, Omicron.
Sirika said President Muhammadu Buhari’s administration would also place the United Kingdom, Canada and Saudi Arabia on a red list over the outbreak and spread of the Omicron variant.
The minister noted that if those countries placed Nigeria on a red list, they lacked a moral right to have their airlines fly into Nigeria on commercial operations.
“There is also the case of Saudi Arabia that put Nigeria on the ban list. On Sunday, I participated in a meeting with the COVID-19 task force.
“We have given our input that it is not acceptable by us and we recommended that Canada, the UK, Saudi Arabia and Argentina should also be put on the red list.
READ ALSO: Why We Cancelled Emirates Flights To Lagos – NCAA
“As they did to us, if they do not allow our citizens into their countries; who are they coming, as airlines, to pick from our country?
“They are not supposed to come in. I am very sure in the next three days, Monday or Tuesday, all those countries will be put on the red list of COVID-19,’’ the minister said.
He stressed that airlines of the affected countries remained banned and the countries placed on Nigeria’s red list.
Sirika apologized to Nigerians intending to travel to those countries but said the Nigerian government’s decision was in the interest of the country.
You may like
JUST IN: US Singer Chris Brown Granted Bail By UK Court
Britain, Canada, France Warn Israel Over ‘Egregious Actions’ In Gaza
UK Immigration Crackdown Jolts Nigerian Youths
29-year-old Nigerian-British Elected As UK’s Youngest Mayor
How Much Is King Charles Worth? British Monarch Moves Up On UK’s Rich List 2025
Two Firefighters, One Other Die As Fire Rages At Former UK Airbase

The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market.
Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against the Dollar on Friday alone.
This marks a 0.28 per cent appreciation from Thursday’s closing rate of ₦1,584.95 in the official foreign exchange window.
The local currency maintained consistent strength throughout the week, recording gains daily.
READ ALSO: Naira Appreciates Against Dollar At Foreign Exchange Market
On Monday, May 19, it traded at ₦1,598.68; on Tuesday, at ₦1,590.45; and on Wednesday, at ₦1,584.49.
These gains suggest increased investor confidence and improved forex supply, contributing to the naira’s performance.
Meanwhile, the CBN, at its 300th Monetary Policy Committee meeting held Monday and Tuesday, retained the Monetary Policy Rate at 27.5 per cent.
Business
BREAKING: Again, Dangote Refinery Cuts Petrol Price
Published
2 weeks agoon
May 22, 2025By
Editor
The Dangote Petroleum Refinery has announced a nationwide reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, with new prices now ranging between ₦875 and ₦905 per litre, depending on location.
The ₦15 per litre cut applies across all regions and partner fuel stations, and was confirmed via an official announcement posted on Dangote Refinery’s social media channels on Thursday.
Major marketers participating in the new pricing regime include MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy — partners in the distribution of Dangote-refined products.
READ ALSO: JUST IN: Dangote Refinery Sashes Petrol Gantry Price
Under the previous pricing structure, Lagos residents paid ₦890 per litre, while prices reached ₦920 in the North-East and South-South regions. With the latest adjustment, Lagos now pays ₦875 per litre, while the North-East and South-South will see prices drop to ₦905.
A regional breakdown of the revised prices is as follows: Lagos: ₦875, South-West: ₦885, North-West & Central: ₦895, North-East & South-South: ₦905 and South-East: ₦905.
In its announcement, Dangote Refinery encouraged consumers to purchase fuel only from authorised partner stations and urged the public to report any cases of non-compliance via its official hotlines: +234 707 470 2099 and +234 707 470 2100.
“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company said.
Business
Naira Appreciates Against Dollar At Foreign Exchange Market
Published
3 weeks agoon
May 17, 2025By
Editor
The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market.
It appreciated N1,598.72 against the U.S. Dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency.
According to figures published on the Central Bank of Nigeria’s official website, the Naira strengthened by N0.60k against the Dollar on Friday.
This upward movement represents a 0.03 per cent appreciation compared to the N1,599.32 exchange rate recorded at the close of trading on Thursday.
READ ALSO:Naira Depreciates In Parallel Market
The local currency had shown some resilience earlier in the week, posting gains on both Tuesday and Wednesday trading sessions.
On Tuesday, the Naira appreciated by 0.02 per cent, followed by a stronger gain of 0.21 per cent on Wednesday.
These improvements were seen as positive indicators of growing investor confidence and increased supply in the foreign exchange market.
However, Thursday’s trading session saw a minor setback, with the Naira slipping by N2.62 against the Dollar.
This loss equated to a 0.16 per cent depreciation, dampening the midweek rally seen in previous sessions.
READ ALSO:Naira Records Highest Depreciation Against Dollar At Black Market
Market analysts attributed Thursday’s dip to a brief increase in Dollar demand from importers and other market participants.
Despite this, the week still closed on a positive note, with the Naira showing signs of gradual recovery and increased market stability.
Analysts continue to monitor the Central Bank’s policies, especially interventions aimed at improving Dollar liquidity and managing demand pressures.
The Naira’s performance in the coming weeks will likely depend on consistent supply inflows and investor sentiment across the broader economic landscape.
- [OPINION] President Tinubu And The Niger Delta: A Match Made In Heaven
- King Ateke Breaks Silence On Rumoured Clash With PAP Boss, Otuaro
- FG Lists New Rules To Deactivate Dormant Lines
- Exam Fraud: Enugu Priests Supporting Malpractice Risk Suspension
- FHC Chief Judge Is Dead
- Zelensky Slams Russia After Three Generations Killed In Drone Strike
- Trump Orders Inquiry Into ‘Conspiracy’ To Hide Biden’s Health Decline
- Courts Summon Akpabio, Nwaebonyi Over Natasha’s Rights Violation
- Nigerian Dies In Swiss Police Custody, Authorities Launch Probe
- Trump Bans Citizens Of Chad, Congo, 10 Others From Entering US
About Us
Trending
- News1 day ago
30 Years After, History Made As Esama’s Son, Mike Igbinedion, Is Initiated Into Elders’ Council
- Politics2 days ago
JUST IN: Ondo Deputy Speaker, Majority Leader Resign
- Politics1 day ago
Tinubu Hosts Gov Adeleke, Deji Adeleke, Davido In Lagos
- News2 days ago
OPINION: Federal Republic Of Loans
- Metro2 days ago
Parent, Four Others Arrested For Assaulting Ondo Vice Principal
- News1 day ago
[OPINION] The Cry Of The Waters: When Flood Became A Funeral
- Headline1 day ago
Lovers Publicly Flogged In Indonesia For Sex Outside Marriage
- News2 days ago
World Environment Day: CEEAI Partners HOMEF For A Day Event
- Sports1 day ago
Arsenal Release Names Of 20 Players To Be Offloaded This Summer [Full List]
- News2 days ago
OPINION: Nigerian Beggars In Ghana