The United Arab Emirates (UAE) airline, Emirates, on Thursday suspended flights to Nigeria as earlier announced over the difficulty in repatriating funds from ticket sales. However, the Airline would resume again on September 11 following the decision of the Central Bank of Nigeria (CBN) to release $256m, being part payment of the entire blocked […]
Emirates Airlines has announced the reinstatement of its flight operations to Lagos, starting September 11, 2022. The airline said this in an email to customers on Wednesday. The development comes almost a week after the federal government released the sum of $265 million to foreign airlines in the country to settle outstanding ticket sales. […]
Indigenous airlines under the aegis of Airline Operators of Nigeria (AON) have replied the Nigeria Civil Aviation Authority (NCAA) over allegations that they converted over N19bn to ‘personal use’. Vice-President of AON, Barr. Allen Onyema, in a statement said while some of their members have bad debts being owed the agencies, not all members […]
Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 per cent, thus paving the way for the employment of over 30,000 youths and help the country save scarce foreign exchange. President of Dangote Group, Aliko Dangote, explained recently in a chat with newsmen that it […]
Elon Musk’s lawyers have filed a fresh notice to terminate his $44 billion buyout of Twitter, citing whistleblower testimony by the platform’s former security chief as “distinct” justification for scrapping the deal. The termination letter, made public Tuesday, argued that the allegations made by Peiter Zatko would, if true, place Twitter in violation of […]
Consumers of household kerosene, also known as cooking kerosene, paid 99 per cent more to purchase a gallon of the product in the last one year. This is according to data from the Nigerian Bureau of Statistics, NBS. The statistics agency said the average retail price per gallon of cooking kerosene paid by consumers […]
The Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari. The Nigerian National Petroleum Company (NNPC) Limited, has accused government officials, religious leaders, security agencies and even some staff of the nation’s crude oil theft. Speaking during the 49th session of the weekly ministerial briefly at the State […]
The Nigerian Civil Aviation Authority has read out a riot act to local airline operators in the country over N19bn in debts. The Director General of NCAA, Capt Musa Nuhu, on Tuesday, threatened that the aviation regulator will not hesitate to suspend the Certificates of Air Operator’s defaulting airlines. He spoke at a briefing […]
Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, says the country will stop importing petroleum products by mid-2023. Kyari spoke at a press briefing at the state house in Abuja on Tuesday. He said the combination of output from the Dangote refinery (scheduled to begin next year) and state-owned […]
The bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company secretary. Fidelity Bank said the Central Bank of Nigeria (CBN) had issued “No Objection” letter for the deal. It also added that the transaction is still subject to the approval of the Prudential Regulatory […]
