Business

Following the serious incident suffered by a Yola to Abuja bound Max Air aircraft last weekend, the Federal Airports Authority of Nigeria, FAAN, has temporarily closed the airport’s runway. The aircraft, a Boeing 737 with registration number 5N AD, carried 199 passengers and six crew members when the incident happened at about 8 pm Sunday. Director of Public and Passenger…

The Federal Government has weighed into the rift between Africa’s wealthiest man, Aliko Dangote, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Dangote has been having issues with the government over his refinery project in Lagos. He had earlier narrated how a cabal was blocking his moves to import crude and how it has been difficult to get…

Nigeria and Canada have commenced discussions to establish direct flights between the two countries, prompted by the increasing number of Nigerians residing in Canada. The Minister of Aviation and Aerospace Development, Festus Keyamo, revealed this development during a meeting with the Canadian High Commissioner in Nigeria. Keyamo emphasized Nigeria’s strategic geographical position, stating, “Nigeria is equidistant to most countries in…

…Urges National Assembly to test all available products from Standard laboratory to disclaim NMDPRA’s assertions President of Dangote Group, Aliko Dangote, over the weekend revealed that Dangote Petroleum Refinery has continued to receive repeated orders for its products from all those who have purchased same since the commencement of production. The refinery has so far exported its products to some…

Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the acting Managing Director, with immediate effect.  This appointment, which is part of the transformation agenda of the company, will see Engr. Okwuokenye drive the positioning of AEDC as the foremost, customer-focused electricity distribution company in the Nigerian power sector.   Prior to his appointment, he served…

The House of Representatives has expressed readiness to investigate allegations that products being produced at the Dangote Refinery are inferior to imported ones, and will also test the refinery’s products as part of its investigation. This was revealed by Speaker of the House of Representatives, Rt Hon. Tajudeen Abbas, during a visit to the Dangote Refinery. A statement later sent…

A max airline aircraft lost 4 tyres while attempting to take off from the Yola Airport in Adamawa on Sunday evening. The airline’s Director of Public and Consumer Protection Bimbo Oladeji said the aircraft was carrying 119 passengers and six crew members. “This evening, Max Air’s flight NGL1649, a Boeing 737 with registration 5N-ADB, carrying 119 passengers and six crew…

For the 15th consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as the 565th Bank globally with a Tier-1 Capital of $2.01 billion. The rankings, published in the July 2024…

Former chief executives of the Nigerian National Petroleum Company (NNPC) Limited on Sunday met with the Group Chief Executive Officer of the national oil company, Mele Kyari, and called on the federal government to halt the massive oil theft going on in the country. A communique issued at the conclusion of the meeting of the former NNPC Group Managing Directors…

The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has reacted to the allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the refinery is producing products of low quality.  Earlier, the NMDPRA alleged that the Dangote Refinery was producing inferior products compared to imported ones.  The head of NMDPRA, Farouk Ahmed made this claim, stating…