Minister of Niger Delta Affairs, Mr. Umana Okon Umana, has said that under his leadership, the Niger Delta Development Commission (NDDC) will be repositioned and rebranded to achieve its core mandate as a vehicle to drive the socio-economic development of the region. Umana said a management retreat of the...
BUSINESS
By OLA MODUPE, Lagos – The Nigerian Civil Aviation Authority (NCAA) has suspended Dana Airlines’ Air Transport Licence (ATL) and Air Operator Certificate (AOC) indefinitely, with effect from midnight of Wednesday, July 20, 2022. Capt. Musa Nuhu, the Director General of NCAA, announced this in a statement issued on...
Access Bank will be rewarding customers this summer with millions of naira, smartphones and other amazing prizes in the AccessMore mega rewards. Mr Rob Giles, Senior Retail Advisor, Access Bank, said in a statement on Wednesday in Lagos. The AccessMore campaign unveiled in June 2022 will run till the...
By TOM CHIAHEMEN – De Havilland Aircraft of Canada Limited and Ethiopian Airlines Group announced today that Ethiopian has signed a proposal for the purchase of two Dash 8-400 Freighter – Large Cargo Door (F-LCD) conversion kits. The proposal provides an option for an additional two F-LCD conversion kits....
Zimbabwe is choking under mounting international debt as it begins to pay the price for borrowing heavily from China for infrastructure projects at the tail end of Robert Mugabe’s rule. Beijing funded the expansion of Victoria Falls International Airport and that of the southern African country’s main source of...
Mr Gabriel Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea has lauded the initiative of the Nigerian government for the new Nigeria National Petroleum Company Limited, describing Nigeria as a great example for Africa. Lima made this known in an interview with newsmen on Wednesday in Abuja, following the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent. Reading a communiqué after the committee’s meeting in Lagos, Mr Godwin Emefiele, the CBN Governor, said the MPC also...
Dr Ngozi Okonjo-iweala, the Director -General of World Trade Organisation (WTO) says removal of subsidy on fisheries will sustain fishery globally. Okonjo-iweala said this when she paid a courtesy visit to the Minister of State for Industry, Trade, and Investment on Tuesday in Abuja. According to her, there is...
Mr Gabriel Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea, says Nigeria and Equatorial Guinea are in talks to enter into a commercial partnership to boost their gas production. Lima made this known while speaking with newsmen on Tuesday in Abuja, following the unveiling of the Nigerian National Petroleum...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says its huge asset base will be disclosed soon in view of its current status. Malam Mele Kyari, Group Chief Executive Officer of NNPC Ltd made this known on Tuesday at a media chat after the Presidential unveiling of the New...
Dana Air says its Abuja-bound Boeing 737 aircraft with registration mark 5N DNA had an emergency landing on Tuesday. It said that the aircraft had been grounded for immediate attention by engineers. The airline’s Communication Manager, Mr Kingsley Ezenwa made these known in a statement issued in Lagos. Ezenwa...
The Major Oil Marketers Association of Nigeria (MOMAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have hailed the unveiling of the new Nigerian National Petroleum Company (NNPC) Ltd. The marketers also tasked the NNPC Ltd to be competitive and efficient in its operations going forward in order...
…commemorates International Nelson Mandela Day MTN Nigeria Communications Plc has resumed its flagship staff volunteer programme, Y’ello Care, with interventions themed “Empowering Communities to Drive Economic Recovery”. This campaign aims to upskill local communities with digital skills training and development, boosting economic activity and involvement. It supports the delivery...
The Association of Nigeria Aviation Professionals (ANAP), has called on the Federal Government to end the lingering strike embarked upon by the Academic Staff Union of Universities (ASUU) or they will shut down the Aviation sector in solidarity with university teachers. In a statement by the general secretary of...
The Debt Management Office (DMO), says it raised N123.85 billion in its July Federal Government of Nigeria (FGN) bond auction. The DMO, which made this known in a statement on Monday, said that the three instruments auctioned were valued at N75 billion each, totalling N225 billion. It said that...
The failure of an overhead power line in southern Germany has paralysed production at Europe’s largest BMW plant, in Dingolfing, a company spokesperson said on Monday. Both the early and the late shifts were cancelled in the two assembly halls, with several thousand employees affected by the stoppage, the...
The Central Bank Governor, Mr. Godwin Emefiele will on July 21 inaugurate the multimillion naira Unilorin GgMAX Integrated Poultry Farm. The News Agency of Nigeria (NAN) reports that the farm is located at Amoyo in Ifelodun Local Government Area of Kwara. Prof. Mikhail Buhari, the Chairman of the Farm...
The Nigerian Export Promotion Council (NEPC) on Monday in Abuja reiterated the need to promote non-oil exports for Nigeria to meet its national and global economic demands. Dr Ezra Yakusak, Executive Director/CEO of NEPC said this at a five-day export promotion capacity building programme. The programme designed to train...
After operating for over 128 years with awards and recognitions to show for its commitments and accomplishments in banking, corporate philanthropy, socio-economic development, support to businesses and commercial activities, FirstBank is showing no signs of stopping or slowing down. In the first five months of this year, First Bank...
Uganda government officials have been racking up air miles between Entebbe, Italy and US to strike a financing deal for the $4 billion refinery project. Government officials admit that the refinery project has fallen behind others, and will likely come onstream late in 2027 at the earliest if the...