Establish aviation bank to save dying airlines, don tells FG
The Director, Centre for International Advanced and Professional Studies, Prof. Anthony Kila, has urged the Federal Government to establish a Bank of Aviation. The bank, he said, was necessary to…
Domestic airlines lose N4.3bn yearly -Ibom Air CEO
The Chief Operating Officer of Ibom Air, George Uriesi, said domestic airlines lose at least N4.3 billion annually due to their inability to operate 24 hours flights daily to the…
Passengers lament as one-hour flight hits N100,000
A one-hour journey within Nigeria now costs more than one hundred thousand (N100,000) naira, causing air passengers to lament bitterly at the excessive charges airline operators have imposed. Findings revealed…
NAICOM to release guidelines on insurance of govt assets
The National Insurance Commission has said it would soon release guidelines on the insurance of government assets to ensure appropriate and adequate insurance cover for government assets. The Commissioner for…
Subsidy probe: 23 oil firms operating in Nigeria unknown, say Reps
The profiles of 23 oil and gas companies trading in Nigeria are unknown, the House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to…
Senate summons Emefiele as naira falls to N700/dollar
The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Godwin Emefiele, to educate and inform senators in a closed session on the reasons for…
Nigerian govt most difficult client, AfDB official reveals
A senior official of the African development bank, Prof. Banji Oyelaran-Oyeyinka, Tuesday, described the Federal Government as the bank’s most difficult client. Oyelaran-Oyeyinka who is a Senior Special Adviser to…
Bread prices jump 10% as bakers shelve strike
Bread makers under the aegis of Premium Breadmakers Association of Nigeria have increased bread prices by 10% after suspending its four-day warning strike which began on Thursday. Speaking in an…
Tariff hike: Tribunal fixes Sept for Multichoice suit
An Abuja court on Monday announced a date for the judgment in a suit filed against MultiChoice, the operator of Gotv and DStv, over the recent price hike on their…
31.6 million houses in Nigeria are substandard – Osinbajo
Vice President Yemi Osinbajo, on Monday, said studies show that about 31.6 million houses in Nigeria are substandard. He added that though efforts were being intensified to make decent homes…
FG gets N16bn tax credit for Lagos-Badagry Expressway
The Minister of Works and Housing, Babatunde Fashola has disclosed that the Federal Government has gotten N16bn tax credit for the construction of the Lagos-Badagry expressway. Fashola made this known…
More firms may collapse over rising FX, fuel cost – Expert
An economist and Chief Executive Officer at Financial Derivatives Company Limited, Bismark Rewane, has predicted that the high cost of power, fuel and rising foreign exchange will lead to the…
