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  By allcitynews.ng  Unless urgent intervention comes across their way, Airline Operators in Nigeria (AON)  have expressed readiness to suspend domestic flights from April 20 over hike in aviation fuel price AON warned that domestic flights may be suspended from April 20 over the persistent rise in the price of Jet A1,  also known as aviation fuel. The body said in a notice signed by its President, Dr Abdulmunaf Yunusa Sarina, on Wednesday in Lagos. Sarina said the price of Jet A1 had increased to N3,300 per litre from about N900 per litre in February, representing a 300 per cent rise. According to him, the increase, driven by marketers, has significantly raised airlines’ operational costs. He noted that the rise was not in line with global crude oil price trends, which reflect about a 30 per cent increase. Sarina said airlines had, in the past four weeks, continued operations despite the rising costs out of a sense of responsibility to the nation. He, howeve...

By allcitynews.ng The Nigeria Deposit Insurance Corporation (NDIC) has resolved to commence  the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their successful acquisition by new owners under the Purchase and Assumption (P&A) resolution model executed by the Corporation. The 89 closed banks were part of the 179 MFBs and 4 PMBs whose banking licenses were revoked by the Central Bank of Nigeria (CBN) on May 22nd and 23rd, 2023. Through the Purchase and Assumption agreements, 89 new eligible institutions were issued licenses by the CBN, to acquire the assets and liabilities of the defunct banks and have since commenced operations under new names. The Head, Communication and Public Affairs, Hawwau Gambo, in the press release stated that "In order to legally conclude the liquidation process in accordance with the provisions of its enabling Act and other relevant laws, the NDIC in its capac...

  Tinubu at the inauguration of the new NRS Headquarters By allcitynews.ng  President Bola Tinubu has said that colonial-era tax laws impoverished Nigerians through fragmentation, multiplicity, and inconsistencies, and assured that the new reforms will deliver greater prosperity and inclusivity. President Tinubu emphasised that the new tax system is designed to be people-centred and investment-friendly, thereby advancing the nation’s development goals. The President made these remarks at the commissioning of the 16-storey Nigeria Revenue Service (NRS) Headquarters. President Tinubu explained that the new tax laws, which became fully operational in January, are intended to liberate the economy from the constraints of archaic laws and make it more globally competitive. “On my inauguration day, I made a solemn pledge that we will move Nigerians from the dimness of uncertainty into the clear light of renewed hope. I committed to confronting structural weaknesses, restoring f...

  WELCOME TO THIS NEWS CRUISE CONTROL PLATFORM WHERE YOU  CAN TRAVEL AROUND  THE WORLD VIA READING NATIONAL AND INTERNATIONAL NEWS WITHIN FEW MINUTES- COME ALONG, ENJOY THE RIDE News Update, Thursday,16/04/2026 ‎ ‎**Sunday Dare blasts Pat Utomi for calling Tinubu’s reforms ‘Ponzi scheme’ ‎ ‎**Old tax laws made Nigerians poor – Tinubu ‎ ‎**2027 may be my final Presidential bid – Atiku ‎ ‎** Presidency accuses Atiku of playing politics with Jilli market airstrike ‎  ‎**Akpabio defends Amupitan, says tweet linked to him neutral ‎ ‎**Tinubu came when Nigeria needed him most — Fasoranti ‎ ‎**Obasanjo tasks traditional rulers on peace, community development ‎ ‎ **Minister of Defence Gen. Christopher Musa exlains why insecurity worsens every Political year ‎ ‎**Alleged terrorism: Court fixes May 26 for DSS to open trial in case against Malami, son ‎ ‎**Nafiu Bala, Abejide, others expelled by ADC ‎ ‎**Protest rocks Osun court over LG fund tussle ‎ ‎*...

  By Dr Muda Yusuf  Introduction The Centre for the Promotion of Private Enterprise (CPPE) notes the release of the March 2026 Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). While recent months have reflected a gradual moderation in year-on-year inflation, the latest data signals a worrying resurgence of inflationary pressures, particularly on a month-on-month basis. Headline inflation edged up to 15.38% in March 2026, while month-on-month inflation accelerated sharply to 4.18%, nearly double the level recorded in February. This development underscores the fragility of the disinflation process and raises concerns about renewed cost pressures in the economy.   Resurgence of Inflationary Pressures Driven by Energy Costs The recent uptick in inflation is largely reflective of renewed energy price pressures, which continue to permeate production, transportation and distribution costs across the economy. Energy remains a critical cost driver in N...

  Tosin Eniolorunda, Group CEO of Moniepoint Inc.,Tosin Eniolorunda, Group CEO of Moniepoint Inc., By allcitynews.ng  Tosin Eniolorunda, Group CEO of Moniepoint Inc., has delivered on a commitment that demonstrates his resolve to deepen financial literacy among women business owners in Nigeria. In partnership with ALX, Eniolorunda hosted a four-hour virtual Entrepreneurship Masterclass bringing together 100 female business owners for a hands-on session designed to move them from petty trading to building valuable enterprises. The masterclass was structured around three practical modules: The Model, The Money, and The Plan with each session facilitated by a subject matter expert and anchored in live, guided exercises rather than passive instruction. Participants also completed a one-page Lean Canvas draft, worked through a pricing and profit calculator to identify their break-even points and profitability levers, and closed the session by drafting a personal 30-60-90 day ...