Don't Miss


Latest News

  • Operators battle FAAN over excessive charges

    Fighting for operators in the aviation sector, members of the National Union of Air Transport Employee (NUATE) has petitioned the Minister of State for Aviation, Hadi Sirika, accusing Federal Airports Authority (FAAN) of incessant hike in operating...

    • Posted April 4, 2016
    • 0
  • Regulatory approval delaying international flights – Bi-Courtney

    Bi-Courtney Aviation Services Limited, operators of the Murtala Muhammed Airport Terminal Two in Lagos, says the delay in the planned commencement of regional and international flights at the terminal is due to regulatory approval yet to be...

    • Posted April 3, 2016
    • 0
  • Bank customers lost N2.25bn to fraudsters in 2015 – CBN

    Bank customers lost the sum of N2.25bn to fraudsters in 2015 despite a significant fall in the value of financial frauds recorded last year, data from the Central Bank of Nigeria and the Nigeria Inter-Bank Settlement System...

    • Posted April 3, 2016
    • 0
  • Adeosun at G20 in Paris, calls for inclusive growth for Africa

    The Minister of Finance, Mrs. Kemi Adeosun has advocated for sustainable and inclusive growth for Africa while speaking at a high level G20 seminar of finance ministers in Paris, France Thursday night. At the G20 Summit, the...

    • Posted April 3, 2016
    • 0
  • Julius Berger Nigeria’s profit dips 70% on lull in construction sector

    The lull in the construction sector of the Nigerian economy has impacted negatively on the operations of Julius Berger Nigeria (JBN) Plc,  leading to a dip of 70 per cent in profit after tax(PAT) for the year...

    • Posted April 2, 2016
    • 0
  • Nigeria nominates former NNPC boss, Barkindo as next OPEC Secretary

    Nigeria has nominated Mohammed Barkindo, a former head of Nigerian National Petroleum Corporation (NNPC), as the next secretary general of producer group OPEC, a government official said on Thursday. The Organisation of the Petroleum Exporting Countries (OPEC),...

    • Posted April 2, 2016
    • 0
  • Fuel scarcity, low investment lead to decline in labour productivity in Q4 – NBS

    Reflecting the economic downturn, labour productivity in the country declined to N706.95 per hour/annum in the fourth quarter of last year from N768.42 in the previous quarter, the National Bureau of Statistics (NBS) stated on Thursday. Labour...

    • Posted April 2, 2016
    • 0
  • NNPC targets 650,000bpd refining capacity, opens bids for co-location of plants

    In its bid to reduce fuel importation in the foreseeable future, the Nigerian National Petroleum Corporation (NNPC) has said that nine companies have submitted bids for the co-location of new refineries within the complexes of its three...

    • Posted April 2, 2016
    • 0
  • Why FG should privatise 22 airports – Ex-FAAN MD

    The former Managing Director of the Federal Airport Authority of Nigeria (FAAN), Mr. Richard Aisuebeogun, has urged the federal government to privatise the 22 federal airports under the management of the agency (FAAN). According to Aisuebeogun, aside...

    • Posted April 2, 2016
    • 0
  • GTBank targets N125bn profit in 2016

    Despite the challenging economic environment, Guaranty Trust Bank Plc says its plan is to make N125bn in the 2016 financial year. The lender reported N120.7bn and N116.4bn profit before tax in the 2015 and 2014 financial year,...

    • Posted April 2, 2016
    • 0
  • Fashola resolves Geometric Power, Enugu Disco’s dispute

    The Minister of Power, Works and Housing, Babatunde Fashola, has resolved the lingering dispute between Geometric Power and Enugu Electricity Distribution Company that has hampered the delivery of electricity in the Aba and Araria axis of Abia...

    • Posted April 2, 2016
    • 0
  • Eight power plants shut, zero generation recorded for hours

    Eight of the nation’s power generating plants were completely idle on Thursday, with significant reduction in output from others, including Egbin, which is located in Lagos. The plants, which did not generate any megawatts of electricity, included...

    • Posted April 2, 2016
    • 0
  • China reduces import of Nigerian crude oil

    Nigeria saw its share of China’s crude oil imports shrink by 7.5 per cent last year as the world’s largest energy consumer reduced its import of Nigerian crude to 10.56 million barrels. China’s crude import from Nigeria...

    • Posted April 1, 2016
    • 0
  • FAAN seeks investors to develop airport facilities

    To improve efficiency and render better services to the flying public, the Federal Airports Authority of Nigeria has said that it is seeking private investors for the development of infrastructure across the nation’s airports. The Managing Director,...

    • Posted April 1, 2016
    • 0