Business news
The Lagos State Advisory Council for Prerogative of Mercy has released 14 inmates serving various terms after spending over 20 years in prison and commuted the death sentence of 20 others on death row to life imprisonment at the Maximum Security Prison Kirikiri. The State Attorney General and Commissioner for Justice Mr. Adeniji Kazeem (SAN) and […]
The Abuja Zonal Office of the Economic and Financial Crimes Commission, EFCC has arrested four suspects; Ajiero Onyeka, Clement Peter, Mustapha Zubiri, Agbo Austine Taylor for allegedly attempting to carry out a fraudulent Bank Wire Transfer to the tune of $200,000 about N72, 000, 000 (Seventy Two Million Naira). According to a press release by Tony […]
The Federal Government has promised a state- of- the- art radio communications system for the country to further ensure a safe and efficient airspace. The Managing Director/CEO of the Nigerian Airspace Management Agency(NAMA) Capt. Fola Akinkuotu, made this known while speaking at an Air Controllers/Pilot Interactive Session in Lagos with the theme “Enhancing Safety of […]
The National Palm Produce Association of Nigeria (NPPAN) has raised alarm over downward slide in price of Crude Palm Oil (CPO) and local demand in spite of their huge investments. The group raised the alarm in a letter jointly signed by Mr Dele Olanubi, NPPAN Ambassador, Mr Bolarinwa Adetula, Chairman Ondo Chapter and Chief Abiodun […]
Fidelity Bank Plc on Thursday announced gross earnings of N48.4 billion for the first quarter ended March 31, 2019. The gross earnings represented a growth of 11.8 per cent when compared with N43.3 billion achieved in the comparative period of 2018. Its profit surged by 34.0 per cent from N5.0 billion in Q1 2018 to […]
Africa sees modest increase in economic confidence Political uncertainty holds up domestic reform Investment trends may be on the up Global economic confidence remains low in Q1 2019, despite rising for the first time in a year, finds the latestGlobal Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA(Institute of […]
Telecommunications operators in the country have called the bluff of the aviation industry regulator, Nigeria Civil Aviation Authority (NCAA) over its threat to demolish 700 telecoms masts. It said the agency would only throw Nigerians into service blackout as they would not make any attempt to rebuild any mast that is shut down. Surprising […]
Skyway Aviation Handling Company PLC (SAHCO) has been listed on the Nigerian Stock Exchange (NSE) with 1,353,580,000 shares priced at N4.65 few months after going public. This event which took place at the Trading Floor of the NSE, was attended by SAHCO’s Board of Directors, Top Management of SAHCO, NSE, Bureau of Public Enterprise, Crème […]
…As NATCA Lists Kaduna, Maiduguri, Ilorin, Yola, Sokoto, Benin, Katsina Airports With Deplorable Control Towers … Says Nigeria’s Airspace Below Required International Standard The Managing Director of the Nigeria Airspace Management Agency (NAMA), Captain Fola Akinkuotu has lamented that the radio communication over the Nigerian airspace remain a challenge to pilots and Air Traffic Controllers (ATCs) […]
…As FAAN Begins ICAO Sponsored Training The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Engr. Saleh Dunoma has said that risk management is a critical variable in the aviation industry. This is just as he urged member states to cooperate more to ensure proper coordination in dealing with rising risks and […]