Overland Airways has announced the start of flight service from Abuja to Asaba, Delta State. The airline said it commenced the service from October 31, and that it would operate three flights a week on Tuesdays, Thursdays and Sundays with Overland Airways ATR turboprop aircraft. “Overland Airways is Nigeria’s longest-serving most consistent scheduled commercial airline […]

The total number of new vehicle sold in Nigeria may not exceed 10,000 units at the end of the year, dropping from 50,000 units before the introduction of a new automotive policy in 2013. Local automakers and dealers stated this in Lagos on Tuesday and gave low purchasing power due to the economic crunch, scarcity […]

The Federal Government is aiming to generate of N311bn from privatisation of public properties and the sale of national assets next year to partly finance the 2018 budget. This is contained in the 2018 budget proposals submitted last Tuesday to a joint session of the National Assembly by President Muhammadu Buhari. The Minister of Budget […]

A unit of Dangote Flour Mills, Dangote Noodles Limited, has sold two production lines to rival pasta maker, De United Foods Industries, for N3.75bn ($12.26m), the company said on Tuesday. De United said it had signed an agreement with Dangote Noodles to buy plants at its Ikorodu and Calabar factories. It will also buy stock […]

The Lagos State Government will soon commence the process of shutting down the corporate headquarters of organisations in the State who have defaulted in remitting statutory taxes to government. In a statement signed by the Commissioner for Finance, Mr. Akinyemi Ashade, the State Government said some banks have failed to remit statutory taxes including withholding […]

Power distribution companies are going to start paying interest on the debt they owe the electricity Market Operator since the commencement of the Transitional Electricity Market in January 2015, the Federal Government has declared. It was gathered that the government, through the Nigeria Bulk Electricity Trading Company, had started adding up the interest on the […]