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An American court in January asked Airbus Helicopter SAS, the manufacturer of the helicopter in which top Nigerian banker Herbert Wigwe was travelling before a fatal crash, to pay the family of a victim of another crash $75 million. Manufactured by Airbus Helicopters SAS (formerly Eurocopter), the single-engine aircraft and its variations have a long…
In less than 20 days of 2024, Aliko Dangote, Africa’s wealthiest individual and a prominent business figure, has experienced a notable increase in his wealth, surging by $2.02 billion. His net worth rose from $15.08 billion on January 1, 2024, to an impressive $17.1 billion by January 17, 2024, as per data compiled by the…
President Bola Tinubu-led Federal Government of Nigeria has relocated the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos The notice of the movement is contained in a memo signed by the Managing Director of FAAN, Olubunmi Kuku. The memo read: ”The Honourable Minister of Aviation and Aerospace Development has…
Dangote Refinery started production on Friday morning as a gas flare stack was seen at the refinery located in the Lekki Free Zone, Lagos State. The Dangote Refinery started production after receiving one million barrels of Agbami crude via MT ALMI SUN recently. The one million barrels of Agbami crude received was the last cargo…
A new fraud scheme of fraudsters swapping ATM cards to empty accounts of bank customers has been exposed by the Economic and Financial Crimes Commission (EFCC). The EFCC disclosed it has been inundated with a barrage of complaints from well-meaning Nigerians concerning unauthorised withdrawals from their bank accounts, which investigations linked to ATM card swapping…
The BDCs, he said, were licensed to play at the retail end of the forex market and should be fully involved in providing lasting solutions to the ongoing volatility in the exchange rate.
The announcement reaffirms Flutterwave’s commitment to empower its engineers to build innovative payment solutions.
Africa’s leading payments technology company, Flutterwave, has launched Tuition, a new payment product, to allow African users to conveniently pay fees to educational institutions within Africa and overseas using their local currencies. The educational institutions available on Tuition include high schools, universities, colleges and some global edutech platforms. Tuition is designed to solve the challenges…
Danger was averted on Monday as a private jet lost one of its front wheel and tyres while landing at the Nnamdi Azikiwe International Airport, Abuja
General Ike Nwachukwu (rtd) is expected to lead discussions at the Duke Masterclass, an experience and knowledge-sharing platform put together to discuss the role of the private sector in an emerging economic renaissance.