Latest News

• Gas Flare: Oil Firms Deny Investors Access to Sites

  Efforts by the Federal Government to stop gas flare by utilising associated gas from oil fields for power generation and thereby ending decades of environmental pollution in the Niger Delta may have reached a dead end. It...

  • Posted March 26, 2011
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• Naira Slide Attributed to Capital Outflow

  Renaissance Capital Group (RenCap) has attributed the drop in the value of the naira, Nigeria’s local currency against the US dollar in recent times to capital outflow from the Nigerian economy. The international Investment and Financial management...

  • Posted March 26, 2011
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• UK property scene Luxury-Home Prices Rise in London Advance Before Sales-Tax Increase

  UK property scene Luxury-Home Prices Rise  in London Advance Before Sales-Tax Increase London luxury-home prices rose at the fastest rate in a year in the first quarter as overseas buyers vied for trophy properties in the city...

  • Posted March 26, 2011
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• FAAN Constructs Perimeter Fencing for Eight Airports

  The Federal Airports Authority of Nigeria (FAAN) has embarked on the construction of perimeter and operational fences of eight airports in the country. The managing Director of FAAN, Mr. Richard Aisuebeogun said that most of the constructions...

  • Posted March 26, 2011
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• NACAN President:* *NAMA Should be Funded by Govt

  For the Nigerian Airspace Management Agency (NAMA) to perform effectively and carry out its different responsibilities, it would require about N2.5 billion annually. The President of the  National Aeronautical Communication Association of Nigeria (NACAN, Phillip Aderosoye, who...

  • Posted March 26, 2011
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• Stocks Gain on Earnings

  U.S. stocks rose, with the Standard & Poor’s 500 Index extending its weekly rally, as forecasts at Oracle Corp. and Accenture Plc beat estimates. Portuguese bonds fell after S&P downgraded the country’s debt, while the Australian dollar...

  • Posted March 26, 2011
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• Airlines to now hold aviation agencies responsible for negligence

  HENCEFORTH, members of the Airline  Operators of Nigeria (AON) will hold the various aviation agencies responsible for any damage to their  aircraft as a result of culpable negligence by any of the agencies. According to the Assistant...

  • Posted March 26, 2011
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• NACAN canvasses upgrading of equipment at airports

  THE National Aeronautical Communicators Association of Nigeria (NACAN) has called for the upgrading of communication equipment in all airports across the country. Rising from its 5th delegate’s conference in Ilorin, Kwara State, NACAN, in a communiqué issued,...

  • Posted March 26, 2011
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• Corrupt people are squandering IGRs in aviation – NAPA

  Comrade Abdulrazak Saidu is the General Secretary of the Nigerian Aviation Professionals Association (NAPA). In this interview, he speaks on issues affecting the industry. Excerpt… Are you not worried that infrastructure in our airports has collapsed and...

  • Posted March 26, 2011
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• FG to encourage free trade zones to boost development

  THE Federal government will continue to encourage free Trade zones scheme as vehicle for developing industrial potential of the country and the utilisation of local contents as well as inducement of foreign direct investment (FDI). This was...

  • Posted March 26, 2011
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• Investment in infrastructural development up by 85.3%

  THE Central Bank of Nigeria has disclosed that sectoral credit utilisation and loans by money deposit banks in Nigeria (DMBs) to infrastructure has increased from N363.7 billion to N1, 629 billion. This, according to the CBN Governor,...

  • Posted March 26, 2011
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• FERMA MD lauds self over Benin-Sagamu, Ijora roads

  Despite the public outcry against the poor state of Nigerian roads, especially the Ondo State section of Benin– Sagamu expressway, which has remained dilapidated over a long time, the Managing Director of Federal Road Maintenance Agency (FERMA),...

  • Posted March 26, 2011
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• Climate change control: Experts advocate measures

  EXPERTS in environmental studies have called for different approaches to control the current climate change in the country so as to avoid serious socio-economic consequences. A research fellow in the African Institute for Applied Economics (AIAE), Mr....

  • Posted March 26, 2011
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• Naira recovers from 18-month low

  The naira bounced from its weakest level in 18 months on Friday, buoyed by expectations that a government agency was about to make a large dollar sale. The Naira strengthened to N155.80 against the dollar on the...

  • Posted March 26, 2011
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