Business

By Innocent Raphael The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially addressed the ongoing concerns regarding the scarcity of Premium Motor Spirit (PMS) in certain regions of the country. In a statement via its X handle on Thursday, signed by its Chief Corporate Communications Officer, Olufemi Soneye, NNPCL disclosed that the current tightness in fuel supply was due…

Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission (NCC) to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of the operators to post losses last year. The telcos’ proposal to raise their tariff came barely 24 hours after MultiChoice,…

By Innocent Raphael In an announcement made by Minister of Aviation and Aerospace Development, Festus Keyamo, Air Peace, the Nigerian airline operator, is gearing up to initiate its Abuja-London route in the near future. The news was unveiled during Keyamo’s appearance on Channels Television’s Politics Today programme on Thursday. Having already launched its Lagos-Gatwick flights, Air Peace has garnered praise…

By Innocent Raphael The Aviation Safety Round Table Initiative (ASRTI), also known as the Aviation Round Table (ART), has expressed disappointment over suspension of Dana Airline by the Federal Ministry of Aviation and Aerospace Development. ASRTI made the disclosure in a recent statement signed by the general secretary of the organization, Olumide Ohunayo. According to ASRTI, the move was contrary…

The Nigeria Deposit Insurance Corporation (NDIC) has a culture of zero tolerance for corruption, which is further strengthened by its core values of Teamwork, Respect and Fairness, Integrity, Professionalism, and Passion”. This formed part of the remarks of the MD/CE, NDIC Mr. Bello Hassan which was read by the NDIC Executive Director, Operations Mr. Mustapha Ibrahim who represented the MD…

Dana Air’s management announced that it has started the process of refunding affected flights throughout the course of the following month. The Federal Government’s suspension of the airline is the reason for the reimbursement. After one of its planes, carrying 83 passengers and 6 crew members, went off the runway while from Abuja to Lagos, the Federal Government ceased operations.…

…Subsidiaries hit Ogun trade fair Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair. This is just as companies under the leading African Indigenous Conglomerate, Dangote Industries Limited, hit the trade fair with their various products as part of strategies to increase market share…

Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. The Managing Director, Fidelity Bank, Dr. Nneka Onyeali-Ikpe gave the commendation over the weekend in Lagos during a special event organised for the airline by the bank to celebrate Air Peace for the milestone of commencement of direct flights from Lagos to London.…

The Economic and Financial Crimes Commission (EFCC) has slammed a fresh charge on former Central Bank of Nigeria (CBN) governor Godwin Emefiele before the High Court of the Federal Capital Territory (FCT). The commission accused him of approving the printing of N684,590,000 at the rate of N18.96 billion. It alleged that Emefiele broke the law with the intent to harm…

Dangote Petroleum Refinery has again announced a further reduction in the price of diesel to N940, per litre. Also, price of aviation fuel crashed to N980/litre.  This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago. The price change of N940 applies to customers buying five million litres and above from the…