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Tag: Diesel hike

Diesel hike: NRC slash Lagos-Ibadan trips by 67%
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Diesel hike: NRC slash Lagos-Ibadan trips by 67%

The Nigeria Railway Corporation has decided to reduce the number of trips on the Lagos-Ibadan Train Service by about 66.67 per cent. The decision was made as a result of a hike in the price of diesel, the Managing Director, NRC, Fidet Okhiria, disclosed. According to The Punch, the corporation on Tuesday had sent recommendations […]

Aviation

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 airports of their choice. Uriesi made this known while speaking at the 26th Annual Conference of the League of Airport and Aviation Correspondents on Thursday […]

Bismarck Rewane
Economy

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 collapse of many businesses. In a telephone interview in Lagos, Rewane said that businesses were under pressure and the margins were being compressed. He noted […]

News

Bread scarcity looms as bakers threaten strike

The Association of Master Bakers and Caterers of Nigeria has issued a two-week ultimatum to the Federal Government to address various challenges facing the industry. The Kogi State Chairman of the association, Gabriel Adeniyi, stated this while addressing journalists in the state. He said, “The Master Bakers and Caterers nationwide resolved to down tools and […]

Economy Energy

Diesel: Telcos lament high operational cost, seek intervention

Telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators of Nigeria have said the rising cost of diesel has impacted negatively on their operational costs and that they are set to approach the Federal Government for special interventions. The President of ALTON, Mr Gbenga Adebayo, disclosed this during a press conference on […]

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