Nayib Bukele, president of El Salvador, has announced a meeting of 44 countries to discuss Bitcoin and several topics. The meeting will take place in El Salvador today. The president announced this in a series of tweets via his official Twitter handle on Sunday night. El Salvador, a country in South America, was the […]
The Airline Operators of Nigeria (AON) says there will be disruption of scheduled flight operations over the growing scarcity of aviation fuel popular as Jet-Al. Obiora Okonkwo, spokesperson of the association, said this in a public notice issued on Monday. The statement said that the scarcity of aviation is impacting negatively on the seamless […]
Major Oil Marketers Association of Nigeria (MOMAN) has debunked claims Aviation Turbine Kerosene (ATK), also known as aviation fuel, was sold at N700 per litre in some parts of the country. Mr Clement Isong, executive secretary of MOMAN spoke to News Agency of Nigeria (NAN) on yesterday in Lagos. NAN reports that Airline Operators […]
Fuel queues persisted in the Federal Capital Territory on Monday as filling stations struggled to control desperate drivers waiting to buy the Premium Motor Spirit, PMS, at the official price. Racketeers had a field day, selling a litre of PMS at N300 in different parts of the FCT. In Kubwa, a litre of fuel […]
THE Asset Management Corporation of Nigeria said it had taken over assets belonging to Aeroland Travels Limited, and its directors over indebtedness of N1.8bn. A statement from AMCON spokesperson, Jude Nwauzor, said this was sequel to the order of Honourable Justice D.E. Osiagor of the Federal High Court, Lagos Division. It stated that, “It […]
Bitcoin, the world’s largest crypto by market cap, on Monday fell below $33,000 for the first time in 10 months. The volatile asset had last recorded its lowest price in July 2021. In January 2022, the digital currency fell as low as $38,000 from an all-time high of $68,990 recorded in November 2021. According […]
The Airline Operators of Nigeria (AON) on Sunday said they are not backing down on its decision to suspend operations in response to the astronomic and continuously rising cost of JetA1 despite various interventions in the last 24 hours. In a statement jointly signed by Shehu Wada – Executive Director, Max Air, Dr. Obiora […]
Ibom Airlines Limited (Ibom Air) has countered the position of the Airline Operators of Nigeria (AON) on the latter’s decision to suspend flight operations over the hike in the price of fuel. On Friday, the AON had announced its decision to suspend services from Monday. However, in a statement issued on Saturday by the […]
Civil rights advocacy group, Human Rights Writers Association of Nigeria, has rejected the fresh hike in electricity tariff by the Federal Government through the Nigerian Electricity Regulatory Commission. The PUNCH had earlier reported that the Federal Government through its NERC approved the increase in electricity tariff on Thursday after it released different documents indicating […]
The Nigerian Electricity Regulatory Commission (NERC) has given Port Harcourt Electricity Distribution Company (PHEDC); Jos Electricity Distribution Company (JEDC); Kano Electricity Distribution Company (KEDC); Kaduna Electricity Distribution Company (KEDC); Jos Electricity Distribution Company (JEDC); Ikeja Electricity Distribution Company (IKEDC) and Ibadan Electricity Distribution Company (IBEDC) approval to increase their tariff rates. The new approval […]
