Nigerian bakers have decided to hike the price of bread by 20 percent amid surging production costs. Last week, bakers, under the aegis of the Premium Breadmakers Association of Nigeria (PBAN), embarked on a four-day warning strike to demand government intervention regarding the prices of materials used in bread production. On Monday, Bakers in […]
The cost of fuel subsidy is estimated to increase by 369.93 per cent from 2021 to 2023, Saturday PUNCH has learnt. In 2021, the Nigerian National Petroleum Corporation said fuel subsidy gulped N1.43tn, although there was no record for under-recovery in January. The Minister of Finance, Budget and National Planning, Zainab Ahmed, had said […]
Nigerian airlines, under the aegis of Airline Operators of Nigeria (AON), say there will be major disruptions of flights due to scarcity of aviation fuel, also known as JET-A1. Obiora Okonkwo, spokesperson, AON, said this in a statement released on Friday. This is the second announcement on the disruption of services over the scarcity […]
Scores of Dana Air passengers on Thursday besieged the Airline’s counters at the Murtala Muhammed Airport private terminal two, otherwise known as MM2, to demand refunds of fair following their inability to travel after ticket purchases. The confusion was caused by the indefinite suspension slammed on the airline by the Nigerian Civil Aviation Authority […]
The Group Chief Executive Officer of the Nigerian National Petroleum Commission Limited (NNPC Limited), Mele Kyari, has said that all Nigerians are the shareholders of the newly commercialized national oil firm. President Muhammadu Buhari had on Tuesday unveiled the new Nigerian National Petroleum Company Limited, a landmark event that officially changed the oil firm […]
Dana Airlines has affirmed that its Air Transport Licence (ATL) and Air Operator Certificate (AOC) have been suspended indefinitely, however, the commercial airline says it will come back from the suspension stronger. In a statement on Wednesday, Dana Airlines said it was suspended for an operational Audit which as advised by the Nigerian Civil […]
Nigerian National Petroleum Company (NNPC) Limited says it did not direct marketers or review the ex-depot price and pump price of premium motor spirit (PMS), also known as petrol. Following the hike in diesel price, oil marketers made a case for the increment of petrol price, citing soaring transport costs. Although the federal government […]
A Dana Air Boeing 737 aircraft with registration number (5N DNA) has made an emergency landing on approach at the Nnamdi Azikiwe International Airport following an issue with one of its engines. The airline confirmed the incident in a statement on Tuesday, saying it happened at about 2:52 pm and the passengers were unhurt. […]
President Muhammadu Buhari on Tuesday officially unveiled the Nigerian National Petroleum Company Limited and declared that the new entity was henceforth free from institutional regulations. Buhari, who made this public at the Presidential Villa, Abuja, stated that the oil firm would conduct itself under best international business practices. He said, “The provisions of PIA […]
Nigeria’s oldest airline, Aero Contractors, has temporarily suspended operations over economic crisis. The PUNCH reports that airlines in Nigeria have been lamenting the skyrocketing price and scarcity of aviation fuel, Jet A1, with many of them threatening to shut down. In the statement announcing the suspension, the airline said the suspension of operation would […]
