Flight operation have resumed at Malam Aminu Kano International Airport, Kano (MAKIA), after a dispute between Federal Airports Authority of Nigeria (FAAN) and Nigerian Airspace Management Agency (NAMA). Flights scheduled to leave Kano on Monday morning were disrupted as the Air Traffic Controllers suspended their operations which affected landing and taking-off of flights. […]
A coalition of aviation workers’ unions will, today, hold rallies at airports nationwide to protest anti-labour clauses in new aviation bills currently awaiting the assent of President Muhammadu Buhari. The unions also threatened to proceed with industrial action in the next 14 days, if their requests for withdrawal of the bills are not granted. […]
The Competition and Consumer Protection (CCPC) Tribunal sitting in Abuja has ordered MultiChoice Nigeria Limited to pay N25 million fine for violating a restraining order. Multichoice is the owner of the satellite television services, DStv and GOtv — popular subscription-based platforms in Nigeria. In a ruling on Thursday, a three-member panel of the tribunal, […]
The Nigerian naira, on Wednesday, weakened to N707 per dollar at the parallel section of the foreign exchange (FX) market amid increased demand. The figure represents N5 or 0.7 percent depreciation compared to the N702 it traded a week ago. Currency traders known as Bureaux De Change operators (BDCs), who spoke to TheCable in […]
The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Monday agreed to cut monthly oil output by 100,000 barrels per day in October. OPEC disclosed this at its 32nd OPEC and non-OPEC ministerial meeting, according to a statement released by the organisation. It noted the adverse impact of volatility and the decline […]
The Federal Airports Authority of Nigeria (FAAN) has apologised over a traveller’s “near-death experience” on faulty escalators at the Murtala Muhammed international airport in Lagos. Faithful Hope-Ivbaze, acting general manager, corporate affairs, FAAN, said this in a statement on Monday. FAAN said it had taken full responsibility for the unfortunate incident. “Accordingly, We have […]
Abubakar Malami, attorney-general of the federation (AGF), has explained how the federal government settled its long-standing contractual dispute with Global Steel Holdings Limited. Global Steel Holdings Limited, with headquarters in the United Arab Emirates (UAE), acquired Nigeria’s steel industry via five major concessions and share purchase contracts in 2004 during the Olusegun Obasanjo administration. […]
The Nigerian National Petroleum Company Limited (NNPC) says it is ready for a forensic audit of its petrol supply and subsidy management framework. Garba Deen Muhammad, group general manager, public affairs division, NNPC, said this in a statement on Saturday. The Nigerian Customs Service (NCS) had refuted claims by the NNPC Limited that citizens […]
According to the report, local payments of VAT amounted to N359.12 billion in Q2 2022. “On the aggregate, value-added tax (VAT) for Q2 2022 was reported at N600.15 billion, showing a growth rate of 1.96 percent on a quarter-on-quarter basis from N588.59 billion in Q1 2022,” the report reads. “Local payments recorded were N359.12 […]
The federal government has agreed to pay $496 million to settle a multi-billion dollar claim from Global Steel Holdings Limited, following the termination of a contract to upgrade the country’s steel plants, Reuters is reporting. The news agency quoted Abubakar Malami, attorney-general of the federation (AGF), as saying the federal government managed to get […]
