Med-View Airline joins group of listed companies at the NSE

Fidelia Okafor Med-View Airline has offered for listing by introduction 9.75 billion (9,750,649,400) ordinary shares of 50k each at N1.50 per share on the floor of the Nigerian Stock Exchange (NSE). The chief executive of the Exchange, Mr. Oscar Onyema speaking at listing ceremony held at the Nigeria Stock Exchange said that the airline’s listing […]

February 1, 2017

Tickets worth N385.9b sold in 2015 by Airlines–NCAA

Fidelia Okafor Airlines operating in the country between January and December 2015 sold tickets worth N385, 909, 897, 028.80 and between January and October 2016 sold N330, 548, 324, 796.84. Capt. Muhtar Usman, the director general Nigeria Civil Aviation Authority (NCAA), who disclosed this in Lagos while addressing aviation journalists also said domestic passenger and […]

February 1, 2017

River CP’s death: Gov. Wike sends condolences

Fidelia Okafor. Gov. Nyesom Wike of Rivers has condoled with the family of Rivers Commissioner of Police, Mr Francis Odesanya, who died after a brief illness. Odesanya died while on admission at Sterling Hospital Ahmedabad-Gujarat in India in the early hours of Tuesday. Wike in a statement issued by his spokesman, Simeon Nwakaudu, in Port […]

February 1, 2017

Dr. Adesina lead African Development Bank says approved $600m for projects in Nigeria

Amaka Obiefuna. The Board of Directors of African Development Bank (AfDB) has approved over 600 million dollars for three projects in Nigeria to enhance development and efficiency in the country. The Nigeria Country Office of the Bank made this disclosure in the January edition of its newsletter in Abuja on Tuesday. The bank stated that 250 […]

February 1, 2017

OPEC cuts output, Oil prices rise

Fidelia Okafor. Oil prices rose more than one per cent on Tuesday after news that the world’s top producers cut production in January more than forecasters had expected just as the dollar sank. Oil prices rose on Tuesday on a weak U.S. dollar and news that the world’s top producers cut production this month more than […]

February 1, 2017

Revive Ajaokuta Steel Co., save Nigeria $5b annually on railway equipment –Abubakar Bwari to FG

Fidelia Okafor. Minister of State for Mines and Steel, Mr Abubakar Bwari, says said revival of Ajaokuta Steel Company would save about 5 billion dollars annually for the country. He said that the amount was usually spent annually on the importation of equipment for railway expansion and maintenance. Bwari stated this during the 2016 budget […]