Advertisements
Skip to content
Trending Naija News brings you the latest Nigerian news, breaking news, trending stories, entertainment news, celebrity updates, politics, sports and viral news from Nigeria.

Business

Aviation Minister Unveils $10 Million Xejet Flight Support Hub, Set to Transform Nigeria’s Aviation Landscape

by
aviation, Nigeria, Xejet, engineering hub, flight support, Festus Keyamo, Nnamdi Azikiwe International Airport, Abuja, aviation development, private sector investment, Nigeria aviation industry, government support, local operators, global aviation standards, Emmanuel Iza, aviation infrastructure, Nigerian economy, air travel, transportation, aviation news

The Aviation Minister, Festus Keyamo, made a monumental announcement on Tuesday with the inauguration of Xejet’s $10 million Flight Support and Engineering Hub at the Nnamdi Azikiwe International Airport (NAIA) in Abuja. This cutting-edge facility promises to redefine aviation services in Nigeria, showcasing the nation’s potential to offer world-class standards. Keyamo expressed that while the … Read more

Nigerians Brace for Hardship as Dangote Refinery and PETROAN Blame Global Oil Prices for Fuel Price Surge

by
Nigerians Brace for Hardship as Dangote Refinery and PETROAN Blame Global Oil Prices for Fuel Price Surge

The recent hike in fuel prices in Nigeria has sparked widespread concerns, with the Dangote Refinery and the Petroleum Products Marketers Association of Nigeria (PETROAN) attributing the increase to rising global crude oil prices. Nigerians are now facing a surge in petrol prices, which has led to complaints about the subsequent impact on food and … Read more

Dangote Refinery Shakes Europe’s Gasoline Market, Changes Global Oil Trade

by

Dangote Petroleum Refinery is reshaping the global oil market. According to OPEC’s Monthly Oil Market Report released on January 15, 2025, the refinery has significantly reduced Europe’s dependence on imported gasoline. This shift marks a key turning point in global fuel production. With its operational ramp-up, Dangote’s refinery now produces enough gasoline to meet Nigeria’s … Read more

African Airlines Struggle with Cargo Demand Slump as Global Growth Soars in November 2024

by
African Airlines Struggle with Cargo Demand Slump as Global Growth Soars in November 2024

c significant challenges for the sector. Despite this downturn, African carriers expanded their cargo capacity by 0.4%, continuing their efforts to provide more space despite declining demand. According to the International Air Transport Association (IATA) report on global air cargo markets, the African air cargo market showed a stark contrast to global trends. The report … Read more

2025 Budget Ambitious, Growth-Oriented – Nnamchi

by
2025 Budget Ambitious, Growth-Oriented – Nnamchi

Professor Paul Nnamchi, a federal lawmaker, has commended the 2025 national budget, calling it both ambitious and growth-oriented. He believes the budget has the potential to drive long-term economic development by targeting key sectors through strategic investments and policies designed to strengthen the economy. Nnamchi noted that the budget seeks to reassess the government’s transformation … Read more

Experts Project 3.5% Economic Growth for Nigeria in 2025

by
Experts Project 3.5% Economic Growth for Nigeria in 2025

The Nigerian economy is expected to grow by 3.5% in 2025, showing a slight improvement from the projected 3.2% growth in 2024. This forecast, detailed in the latest NESG-Stanbic IBTC Business Confidence Monitor report, presents a positive outlook fueled by a projected decline in headline inflation during the second half of 2024. The easing of … Read more

Nigeria Receives 32 Tons of Rice from Thailand as Food Crisis Worsens

by
Nigeria Receives 32 Tons of Rice from Thailand as Food Crisis Worsens

In a bid to provide temporary relief amidst escalating hunger and food insecurity, Nigeria has received a 32-ton shipment of rice from Thailand. This marks the first such shipment in a decade and arrives in Lagos, facilitated by DUCAT, the logistics company responsible for its delivery. The rice shipment follows Nigeria’s decision to implement a … Read more

Debt Servicing Consumes N8.94 Trillion in 9 Months as Nigeria’s Deficit Widens

by
Debt Servicing Consumes N8.94 Trillion in 9 Months as Nigeria’s Deficit Widens

The Nigerian government has spent an alarming N8.94 trillion on debt servicing in the first nine months of 2024, accounting for 47% of total expenditure during this period. This represents a sharp 56.8% increase compared to N5.69 trillion in the same period of 2023, according to the Central Bank of Nigeria (CBN). The surge in … Read more

SAHCO Fires Staff Accused of Extortion at Lagos Airport

by
SAHCO Fires Staff Accused of Extortion at Lagos Airport

Skyway Aviation Handling Company (SAHCO) has terminated the employment of a staff member accused of extorting a passenger at Murtala Muhammed International Airport (MMIA), Lagos. The incident, which occurred last December, involved the alleged extortion of ₦100,000 from a traveler heading to South Africa. An internal investigation revealed that the staff member colluded with other … Read more

error: Content is protected !!