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Petrol stations risk licence revocation over under-dispensing – NMDPRA

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NGX demands full disclosure from companies

The Chief Executive Officer, NGX Regulation Limited, Ms Tinuade Awe, has said there is need for corporate bodies to adopt sound procedures in the reporting on their environmental and social impact. A statement said she spoke during a webinar hosted by the Corporate Secretaries International Association to explore how businesses and organisations could carry a […]

Banking

Paper currency will soon be out of circulation -CBN official

The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday at the popular Ogbogonogo market during the market sensitisation on e-Naira. He urged traders to […]

Ports and Airports

Lagos airport resumes operations after corpse’s removal

Flight operations have resumed at the Murtala Muhammed International Airport, Lagos, after the removal of a mangled body on the runway. A source, who spoke on condition of anonymity, hinted that full flight operations have resumed after the runway was cleared of the mangled corpse of a yet-to-be-identified man. The PUNCH had reported that the […]

MTN launches 5G network
News Telecommunications

MTN, Airtel payment service banks begin operations in Nigeria

MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank Limited, commenced operations on Thursday, the firm has disclosed. This comes after the company received the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria, according to The Guardian. MTN said this follows a successful pilot initiated on May 16, […]

Aviation

Lagos airport shut as dead man found on runway

The international wing of the Murtala Muhammed International Airport, Lagos, was temporarily shut in the early hours of Thursday after the mangled body of a dead man was found on Runway 18R of the nation’s flagship airport. The identity of the corpse could not be ascertained as of press time. Also, it could not be […]

Transportation

Poor rail connections, others increase gridlock in Apapa– Experts

Experts have blamed poor rail connections, proliferation of tank farms and monomodal means of cargo evacuation from the ports as major causes of the perennial traffic gridlock on the Apapa ports axis. At a discussion on a social media platform in Lagos, an Assistant General Manager, Nigerian Ports Authority, Ahmed Wanka, explained that the initial […]

Pension remittances: 20 firms default, pay N211.5m penalty
News

PenCom says 29 states lack insurance cover for workers

Only seven states had group life insurance cover for their workers as of the end of March 2022, according to the National Pension Commission. This means that 29 states did not have insurance covers for their workers within this period. Figures obtained from PenCom on ‘Summary of the implementation status of states with valid group […]

Jet A1 hike threatens airlines' existence - Ibom Air COO
Transportation

Airlines, oil marketers disagree over JET-A1 price

Nigerian airline operators are currently at loggerheads with oil marketers over the rising prices of JET-A1, also known as aviation fuel. While marketers have defended the price, which is as high as N600 per litre, airlines have insisted that it is too high, accusing marketers of exploitation. As a result, airlines have threatened to shut […]

News

FG to develop Nigeria’s 208.62tcf of gas

Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government is taking steps to develop and harness the country’s 208.62 trillion cubic feet of gas. The Minister, who said this at the annual Symposium and Exhibition of the Society of Petroleum Engineers (SPE), Tuesday in Lagos, said the government was trying to […]

Aviation

JET-A1, others may push flight above N100,000 – Domestic airlines

Domestic airlines under the aegis of the Airline Operators of Nigeria have said that rising operational costs occasioned by aviation fuel price hikes, and foreign exchange shortage, among others may push the base economy flight ticket to N100,000. The spokesperson for local airlines/Chairman, United Airlines, Professor Obiora Okonkwo, made the disclosure during an exclusive interview […]

Airport security makes five arrests daily - FAAN
Aviation

FAAN inaugurates App for airport taxi

Capt. Rabiu Yadudu, Managing Director, the Federal Airports Authority of Nigeria (FAAN)  has inaugurated a Taxi App loading booth at Nnamdi Azikiwe International Airport Abuja (NAIA). Yadudu, who was represented by the Group Capt. Usman Sadiq, Director of FAAN Security Service, said in his opening remarks on Thursday, that the move would definitely increase the […]

Jet A1 hike threatens airlines' existence - Ibom Air COO
Ports and Airports

Aviation fuel sells N612 per litre, airlines groan

There appears to be no end yet to the current crisis in the aviation sector as findings show that the agreement between airlines and oil marketers can no longer hold due to continuous price hikes of the Aviation Turbine Kerosene, also known as JET-A1 or aviation fuel. Last week, the Nigerian National Petroleum Corporation and […]

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