Category: Business

Overland aircraft catches fire

An aircraft belonging to Overland Airways parked inside Overland Air hangar at the domestic wing of the Muritala Muhammed Airport, Lagos is currently on fire. Fire...

Flight operations resume as aviation unions suspend strike at MMA2

Flight operations today, resumed  at the Murtala Muhammed Airport 2 (MMA2), Lagos after the suspension of the industrial action embarked upon by the aviation unions....

Osinbajo to lecture at Oxford varsity on Nigeria’s investment plans

The Vice President, Professor Yemi Osinbajo (SAN) is scheduled to deliver a lecture on Nigeria’s ongoing investment plans at the Oxford University, England on...

Nigeria’s economy moving in positive direction, says Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma on Thursday in Indonesia told a global audience that the implementation of the Economic Recovery...

FG to compel IOCs to refine 50% output in Nigeria

The Federal Government at the weekend declared plans to get the International Oil Companies (IOCs) operating in Nigeria to refine 50 per cent of their productions volume...

Stiffer regulations needed to manage Nigerian Airlines, says AMCON MD

The need to properly regulate the aviation industry in the country has again been identified as panache for growth and stability of airline business in Nigeria. Managing...

Dangote urges deepening of African economy through free trade

Foremost businessman, Aliko Dangote has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid...

Exclusive: Oil firms, lenders unsettled over 28 expired oil blocks

The fast approaching general elections in Nigeria are setting serious jitters down the spines of owners and financiers of 28 oil block with expired licenses as they have...

U.S moves to sue Nigeria, others as oil pushes for $100 per barrel

The United States (U.S.) is fretting over possible $100 per barrel prices for crude oil, Nigeria’s biggest revenues earner, and on Tuesday, renewed moves to secure...

Why NNPC declared N18.12bn trade surplus in one month

The Nigerian National Petroleum Corporation (NNPC) has given details of the N181.12 billion trade surplus, which it declared for just one month. The N960 million...