Air Peace threatens to suspend flights to Gombe
Mr Allen Onyema, Chairman of Air Peace, has stated that 95% of flight delays are due to factors beyond airlines’ control.
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FTX founder denied bail in the Bahamas
Reuters reports that on Tuesday, a Bahamian judge denied bail to Sam Bankman-Fried, the founder and former CEO of FTX, on the grounds that he posed a flight risk. The court date for the extradition is set for February 8th.
Why we can’t sell fuel at N170 – marketers
Independent Petroleum Marketers Association of Nigeria (IPMAN) officials have stated that their organisation is collaborating with NNPC Limited to address the nationwide fuel shortage.
Bahamian regulator blasts new FTX boss for ‘misstatements’
The Securities Commission of Bahamas has criticised John J. Ray III, CEO of the bankrupt cryptocurrency exchange FTX, for comments he made about the SEC’s probe into FTX.
Dollar falls as inflation moderates
After data showed that underlying U.S. consumer price inflation rose less than expected last month, the dollar fell across the board on Tuesday. It added to speculation that the Federal Reserve will slow the pace of its rate increases when it concludes its two-day meeting on Wednesday.
SEC charges ex-FTX boss for defrauding investors
Sam Bankman-Fried, the CEO of the bankrupt cryptocurrency exchange FTX, is being prosecuted by the United States Securities and Exchange Commission (SEC).
NCAA wants to be removed from public service
The Nigerian Civil Aviation Authority said on Friday that plans were being made to get the agency out of the public service sector.
ABCON: CBN’s cash withdrawal policy fuels dollar demand
The cash withdrawal regulation has reportedly caused a scramble of Nigerians to purchase U.S. dollars, as the Association of Bureaux De Change Operators of Nigeria (ABCON) said.
House member: Godwin Emefiele going beyond CBN mandate
House of Representatives member for Benue Gwer East/Gwer West, Mark Gbillah, has spoken out against the increased withdrawal restriction, calling it “very punitive” from the Central Bank of Nigeria (CBN). Mark Gbillah, member representing Benue Gwer east/Gwer west in the house of representatives, says the new cash withdrawal limit of the Central Bank of Nigeria (CBN) is “extremely harsh”.
CBN: eNaira transactions top N8 billion
According to the Central Bank of Nigeria (CBN), as of October 2022, the eNaira app had processed digital transactions totalling about N8 billion.