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Aviation

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Transportation

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NIPOST cracks down on Illegal courier, logistics operators

The Nigerian Postal Service has cracked down on illegal courier and logistics operators in Ogun State. Motorcyles were seized and illegal offices were shut durinf the exercise carried out by the  Enforcement Team of the Courier and Logistics Regulatory Department of the NIPOST. The enforcement team stormed some of the offices in some parts of […]

Naira falls N777 against dollar after CBN announcement
Economy

EFCC threatens to arrest dollar hoarders over naira fall

Following the increasingly fall of the Naira, the Economic and Financial Crimes Commission has threatened to arrest Nigerians hoarding dollars and other foreign currency The Chairman of the anti-graft agency, Abdulrasheed Bawa, said this during a meeting with representatives of the Bureau De Change operators on Friday. Bawa’s meeting with the BDC operator was a […]

NBC slammed over MultiChoice court ruling
featured

NBC slammed over MultiChoice court ruling

A local pay cable television company named Metro Digital Limited has slammed the Nigerian Broadcasting Commission for failing to comply with the directive of the Court of Appeal in its dispute with MultiChoice. Reports revealed that the Port Harcourt court had ordered NBC to address the firm’s complaints about a trade dispute with MultiChoice within […]

First Holdco records highest profit in 12 years, posts N663.4bn in 2024
Banking

First Bank headquaters in Abuja shut over debt

The headquarters of First Bank located in the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee order. A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour. […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

Marketers hint at fresh fuel scarcity in Abuja

The Federal Capital Territory residents might experience a fresh round of fuel scarcity as tankers have halted the conveyance of petroleum products to the state. According to The Punch, the Independent Petroleum Marketers Association of Nigeria, and Depot and Petroleum Products Marketers Association of Nigeria disclosed this to newsmen. The sources with IPMAN and DAPPMAN […]

Nigerians bought petrol N191.65 per litre September- NBS
News

Kerosene hits over N800/litre, Nigerians lament

Just when the market is begin to adjust to the recently increased price of petrol and cooking gas, the cost of kerosene has climbed to an all-time high of N800 per litre. According to a market study conducted by The PUNCH on Tuesday, one litre of cooking kerosene, which cost N700 last week, is now […]

Over N1.5trn needed to fix airports - NCAA
News

Over N1.5trn needed to fix airports – NCAA

The Nigerian Civil Aviation Authority has stated that the agency need over N1.5trn to upgrade its facilities for optimal service delivery. According to the News Agency of Nigeria, the agency revealed that the poor state of its infrastructure and the high level of insecurity in the nation are militating against its operations. The Director General […]

FG halts planned 5% tax on GSM calls, SMS
News

Importation of SIM cards no longer allowed – Pantami

The Nigeria Minister of Communications and Digital Economy, Isa Pantami, has revealed that the Federal Government of Nigeria has banned the importation of subscriber identity module cards Pantami made the announcement on Monday in Oniru, Lagos at the Nigerian Telecommunications Indigenous Content Expo organized by the Nigeria Office for Developing Indigenous Telecoms Sector of the […]

Why NAMA can't operate beyond 12 hours daily -MD
Aviation

Why NAMA can’t operate beyond 12 hours daily -MD

The Managing Director of the Nigerian Airspace Management Agency, Matthew Lawrence Pwajok, has disclosed why the agency can’t operate beyond 12 hours daily. Pwajok made this known at the 26th annual conference of the League of Airport and Aviation Correspondents which was held at the Sheraton Hotels and Suites, Ikeja area of Lagos State. According […]

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Flights to South-South most expensive - NBS
Aviation

Grant special waivers to airlines, expert tells FG

The Chairman of the Association of Approved Aviation Training Organisations in Nigeria, Mr Bankole Bernard, has called on the government to grant special waivers to airline operators as a means of saving the aviation sector. The aviation sector in recent weeks has been rocked with various complaints from passengers over the high cost of flight […]

Power generation dropped 43mw after worker's strike - FG
Electricity

FG owes N100bn electricity subsidy – Discos

Electricity distribution companies have said that the Federal Government had failed to pay the N100bn subsidy on electricity since the privatisation of the sector in November 2013. They reacted on Sunday to the takeover/restructuring of five Discos by the Federal Government through the Bureau of Public, describing the move as a backdoor renationalisation of the […]

Power generation dropped 43mw after worker's strike - FG
Energy

FG may suspend distribution of free four million meters

Phase 1 of the National Mass Metering Programme slated for distribution in August, funded by the Federal Government has been halted following allegations of fraud against some of the Meter Asset Providers by the Central Bank of Nigeria. An anonymous source told The PUNCH that power distribution companies were yet to be furnished with meters […]

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