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Seattle, Jan. 17, 2025 – Boeing resumed testing for its long-delayed 777X widebody jet on Thursday, with the first flight since the U.S. planemaker grounded the test fleet in August due to the failure of a key engine mounting structure. The grounding came just five weeks after it had started certification flights for the 777-9 with officials from the U.S. aviation regulator onboard. Federal Aviation Administration staff were not on board for Thursday’s flight, according to the company. The 777X is the successor to Boeing’s 777, one of the most …

Abuja, Jan. 15, 2025 – The Nigeria Customs Service (NCS) generated N6.105 trillion revenue in 2024. Adewale Adeniyi, the Comptroller-General of Customs, disclosed this in Abuja on Tuesday. He said the revenue surpassed its revenue target of N5.07 trillion for the year by 22 per cent. Adeniyi also said the 2024 revenue was higher than the N3.2 trillion generated in 2023 by 90.4 per cent. He said the Service recorded the highest monthly revenue of N603 billion in October 2024.   (GBN)

Lagos, Jan. 9, 2025 – Brito Sporting Club of Portugal, a football club founded in 1956, has signed an official contract with a United Kingdom-based highly-talented, young Nigeria-born footballer, Yaqub Usman-Malah. The official unveiling of the young promising footballer was carried out on Saturday, Jan. 4, 2025. Yaqub, born in Nigeria in 2006, is a budding Nigerian talent with unquantifiable promise and potential. Prior to his official contract with Brito Sporting Club of Portugal, he was a student and a trainee player with the Brooke College Football Academy in the …

…cements capital raise with full regulatory approval Lagos, Dec. 28, 2024 – Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval represents the final leg of the capital injection that was achieved through a private placement in September 2024. Building on the private placement’s success, Sterling launched a Rights Issue in October 2024, structured to provide existing shareholders the exclusive opportunity to deepen their stakes in the company and share in its growth …

 Singapore, Dec. 23, 2024 – Oil prices rose on Monday as lower-than-expected U.S. inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market. Brent crude futures rose 36 cents, or 0.5%, to $73.30 a barrel by 0421 GMT. U.S. West Texas Intermediate crude futures climbed 39 cents, or 0.6%, to $69.85 per barrel. “Risk assets, including U.S. equity futures and crude oil, have started the week on a firmer footing,” IG markets analyst Tony Sycamore said, adding that cooler …

Abuja, Dec. 18, 2024 – The Central Bank of Nigeria (CBN) has directed Point-of-Sale agents to limit their daily cash-out transactions to N100,000 per individual customer. The circular, signed by Oladimeji Taiwo on behalf of the Director of the Payments System Management Department at the CBN, was issued on Dec. 17, 2024. The directive was addressed to Deposit Money Banks, Microfinance Banks, Mobile Money Operators, and Super-Agents, mandates immediate compliance by all stakeholders. According to the directive, POS agents must ensure that individual customer withdrawals do not exceed N100,000 daily. …

Abuja, Dec. 17, 2024 – Dr. Aminu Maida, the Chief Executive of Nigerian Communications Commission (NCC) has expressed the determination of the Commission to deliver world-class telecommunications services in the country. Maida expressed this determination at a just concluded stakeholders meeting in Abuja. He said the determination of the NCC was borne out the realisation that Nigeria had become one the fastest growing internet user country in the world. Maida said that as internet usage had become essential to daily life of average Nigerians, “our role at the NCC is …

London – Oil prices slipped on Tuesday as concerns eased about the fallout from Syrian President Bashar al-Assad’s overthrow, but the market found support in China’s vow to ramp up policy stimulus, which could boost the top global crude buyer’s demand. Brent crude futures fell 26 cents, or about 0.4%, to $71.88 per barrel. U.S. West Texas Intermediate crude futures were down 30 cents, also 0.4% lower, at $68.07 at 0707 GMT. Both benchmarks climbed more than 1% on Monday. “The tensions in the Middle East seem contained, which led …