National Airline will not fly in October- Transport Ministry
Rotimi Ameachi, Nigeria ‘s Minister for Transport The Ministry of Transport has denied reports that the new national airline will commence operations by October this year. According to...
View ArticleAero Contractor suspends operation from Sept. 1
Aero on Air Nigeria oldest airline in Nigeria Aero Contractors Airlines has announced that it would suspend its scheduled services from Thursday September 1, 2016. A statement from the...
View ArticleFirst Nation airlines suspends operations
First Nation airline Less than 24 hours after Aero Contractor airlines announced the suspension of flight operation in Nigeria, First Nation has also suspended its operation. Nigeria’s second...
View ArticleFG Calls Disparaging Comments By US Congressman Sadly Out Of Tune With Reality
Lai Mohammed The Federal Government has described as sadly out of tune with reality the published letter from US Congressman Tom Marino to Secretary of State John Kerry, asking the US to...
View ArticleIGI Pays N1b Insurance Claims
Rotimi Fashola, MD/CEO IGI Industrial And General Insurance Plc (IGI) has disbursed a total of N1.2 billion between January and August as payments for claims to its policyholders.This brings to...
View ArticleFirst Nation resumes September 15
First Nation Airline Barely one week after suspending its operations, FirstNation Airways is to resume onSeptember 15, 2016. In a statement, FirstNation’s Head of Corporate Affairs, Rasheed Yusuf...
View Article‘INNOSON operation is on, plant not shut’
Innoson Vehicle Manufacturing Company Limited (IVM), is still producing vehicles with full complement of its workers, and has not shut the plant in Nnewi as reported recently in some...
View ArticleTincan Island Port generates N26.2 Billion in August
Tincan Island Port For the Month of August 2016, the Nigeria Customs Service (NCS), Tincan Island Command generated N26.2 Billion revenue. According to the command, the figure represents a...
View ArticleDangers of crude oil production decline, by NNPC Boss
Dr M Baru, NNPC GMD The decline of Nigeria’s crude oil production level have grave consequences for the nation and environment, the Group Managing Director of Nigerian National Petroleum...
View ArticleNigeria’s Telecommunications Sector Contributes N1.580 Billion to GDP-NBS
Telecom’s mask Telecommunications in GDP and growth In real terms, the telecommunications sector contributed N 1,580 billion to GDP in the second quarter of 2016, or 9.8%, which represents an...
View ArticleEngage informal sector to remain in business – NSIA Insurance GM
General Manager, operations, of NSIA Insurance, Samuel Adoteye- Asare, has urged insurance companies to be more innovative in order to penetrate the informal sector of the economy. He said this will...
View ArticleLagos Police Arrests House Guard Who Killed Employer In Ajah
Tanko Abdulateef, The suspect *Tracks Suspect To Taraba State The Lagos State Police Command has arrested one Tanko Abdulateef, a 22-year old House guard who allegedly killed his...
View ArticlePlan By FG To Increase Fuel Price Is Crazy, Says TUC
Fuel Pump The Trade Union Congress on Monday frowned at the recent call by the management of Nigerian National Petroleum Corporation (NNPC) for an increase in the pump price of premium motor...
View ArticleNigeria’s oil bill on hold due to Delta unrest
A long-awaited bill reforming Nigeria’s petroleum industry is effectively on hold until tensions ease in the restive Niger Delta region, the country’s oil hub, an influential senator said on Tuesday....
View ArticleNSE Opens 2016 Essay Competition to Promote Financial Literacy
NSE logo The Nigerian Stock Exchange (The NSE or The Exchange) is pleased to announce the commencement of its 2016 edition of the NSE Essay Competition for students in Senior Secondary...
View ArticleNSE Says Total Transaction in July 2016 Drops 42.13% to N90.19 Billion
Trading floor On a monthly basis,the Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows...
View ArticleFBN Holdings Plc Q2 2016 Earnings Review
FBN Holdings logo Following FBNH’s Q2 2016 results which showed a +8.1% q/q improvement in PBT, we raised our 2016E PBT forecast by +64.9% to reflect the FX gains on revaluation. The increase...
View ArticleAMF, IMF, World Bank Group launch Report on withdrawal of Correspondent...
IMF logo The Arab Monetary Fund (AMF), the International Monetary Fund (IMF) and the World Bank are pleased to announce the publication of a report on the findings of a survey on the withdrawal...
View ArticlePension funds hunger for more leverage – Kojo Addae-Mensah
Kojo Addae-Mensah, CEO of Databank The current guidelines for investing pension funds are too restrictive and do not allow for long term investment that could radically change the...
View ArticleKatsina, Firms Sign MOU for Power, Industrial Park, Others
power plant The Katsina State government and a Chinese energy firm have signed a Memoranda of Understanding (MOU) to experiment a micro megawatt power model project across the state. This was...
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