The Federal Airports Authority of Nigeria (FAAN) has clarified that ride-hailing services such as Uber and Bolt have not been prohibited from operating at the nation’s airports.....KINDLY READ THE FULL STORY HERE▶

According to reports, management issued a statement on Thursday to address growing anxieties regarding rumored restrictions targeting e-hailing operations across various facilities under its authority.

FAAN emphasized that its intent is neither to limit passengers’ freedom of choice nor to block digital transport providers from assisting air travelers. Instead, the focus is on maintaining regulatory compliance that reinforces security, protects passengers, and ensures seamless airport traffic flow.

The statement read in part:

“FAAN wishes to clarify that its position is not, and has never been, directed at limiting passengers’ access to transportation options or undermining the important role that e-hailing services play in providing convenient mobility to air travellers. The services must be identifiable, accountable and properly integrated into the airport’s operational and security framework. ACHRAMS is not an e-hailing application and is not intended to compete with or replicate the services provided by Uber, Bolt or any other e-hailing platform.”

Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, recently voiced strong criticism toward individuals who directed abusive comments at the World Bank on social media regarding loan agreements with Nigeria.....KINDLY READ THE FULL STORY HERE▶

Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, has pushed back against demands for the Federal Government to disclose specific expenditure plans regarding the $5 billion financing facility secured from First Abu Dhabi Bank.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that the government recently drew down roughly $1.5 billion—the initial tranche of the Total Return Swap facility—despite cautions raised by organizations like the International Monetary Fund and Fitch Ratings regarding potential risks tied to such financial instruments.

Addressing the media in Abuja on Wednesday, Oyedele maintained that the transaction has faced unwarranted scrutiny, noting that the arrangement received formal approval from the National Assembly and is intended to help retire higher-cost debt.

When questioned about transparency and whether the breakdown of the borrowing plan would be made public, Oyedele stated that while general public spending is disclosed, this particular facility should not be singled out:

“We will not publish how we are spending it. We will publish how we spend government money. There’s nothing special about that loan… Nobody has asked us whether we’re going to publish the money we took from the World Bank, whether we publish the one from Eurobond, whether we publish the one from Sukuk. Why is this one special?”

Dismissing claims that the process lacked due process, the minister emphasized that it was properly presented to the legislature. He also explained that the funds are being drawn in phases to prevent unnecessary costs and that the facility features a flexible interest rate structure designed to lower overall borrowing expenses over time.