Ethiopian Airlines Enterprise, East Africa’s biggest carrier by revenue, has again admitted it is in talks with Nigeria over plans to help set up national airlines in Nigeria and three other countries to expand its operations on the continent. This move is certainly going to elicit reactions
Business
International Data Corporation (IDC) has given an insight that growing public and private sector Information Technology (IT) spending, with maturing and increasingly competitive business environments, are driving IT services demand in Africa. This also is attributable to the emerging African economies that are increasingly embracing IT services solutions in a bid to
Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, announced Friday that it will help Turk Eximbank provide medium and long-term funds to Turkish exporters, including small and medium enterprises (SMEs). MIGA is providing guarantees of US$333.0 million to a syndicate of banks, jointly led by
An expert in the maritime and oil sectors, Mr. Emeka Akabogu, has urged Nigeria’s President-Elect, Muhammadu Buhari, to address challenges mitigating against the growth of the maritime and shipping sector such as operational efficiency and massive outsourcing of services to foreigners. Akabogu, who is the Chairman, OTL Africa Downstream, noted that if the two major […]
The Assistant General Secretary of National Union of Air Transport Employees (NUATE), Comrade Olayinka Abioye has said that increasing the number of pilots in the cockpit of aircraft is not the solution to the Germanwings experience. Recalled that a co- pilot of the Germanwings aircraft alleged locked out his pilot when he went to use […]
The Nigerian Civil Aviation Authority NCAA may soon lift the suspension of Air Operators Certificate AOC following the gradual rectification of all the problems associated with the suspension. Discovery Airlines’ AOC was suspended from operations four months ago following what NCAA called technical and safety issues associated with the airline but it was gathered
Chief Executive Officer of SAHCOL, Mr Oluropo Owolabi has been awarded as a Fellow of the African Institute of Enterprise Development and Management and certified as a Certified Professional Enterprise Manager. According to the General Manager, Corporate Communications, Mr Basil Agboarumi, the award was given in recognition of Owolabi’s contribution to the Nigerian
The Nigerian Electricity Regulatory Commission’s (NERC) directive to the Distribution Companies on how to fix their tariffs in consultation with consumers is been envisioned by experts as policy somersault and capable of causing chaos. Dr. Sam Amadi, Chairman of NERC, on April 8, said that the DISCOs could now fix their tariffs in consultation with […]
Nigeria, being the Africa’s top oil producer and largest holder of natural gas reserves on the continent imported 764,000 barrels of Liquefied Petroleum Gas,(LPG) from the United States in 2014, the first time since 2010, according to the Energy Information Administration, (EIA). Data obtained from the EIA, the statistical arm of US Department of Energy, […]
Ibrahim al-Muhanna, Saudi Arabia’s oil minister said the decline in oil prices is “temporary,” and crude is steadying at $55–60/bbl amid stronger global demand. The oil Minister made this remark in a speech he gave in Riyadh, adding that economic expansion in the U.S. and many developing countries together with growth in populations and […]
The Energy Commission of Nigeria (ECN) said it would collaborate with the National Board for Technology Incubation (NBTI) to commercialise its research and development products nationwide. Prof. Jere Bala, the Director-General of the commission, said this on Thursday in Abuja. He said the commission’s collaboration with NBTI was to
10The Managing-Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has admonished the management of Aso Savings and Loans Plc to always ensure good corporate governance. The advice of the NDIC boss is contained in a statement signed by the Head, Communications and Public Affairs of the Corporation, Mr Hadi Birchi, on Thursday in […]
A group of capital market operators have stated that the listing of the UBA Plc N30.50 billion bond on the Financial Market Dealers Quotations Over-the-Counter (FMDQ OTC) and the Nigerian Stock Exchange (NSE) would boost market liquidity. FMDQ OTC is another trading platform on the nation’s capital market. The capital market experts said […]
Robyn de Villiers, is the Chairman and CEO for Burson-Marsteller Africa, in this interview with GODWIN ANYEBE, she disclosed the rationale behind the recent partnership between Burson Marsteller Africa and CMC Connect Nigeria among other issues. Excerpts: What has been your experience in Nigeria? Nigeria is very interesting because it is different from other […]
Founder and Group Managing Director of Chams Plc, Sir Demola Aladekomo will retire from his office from September 18, 2015 when he will clock 30 years of meritorious service. Sir Aladekomo was the immediate past national president, Nigeria Computer Society (NCS) who founded Chams Nigeria Limited, an Information Technology (IT) and servicing company since 1985. He […]
Future Unity Glanvils Pensions Ltd (FUG Pensions) has assured contributors in the Union Homes Legacy Scheme that, the National Pension Commission (PenCom) is currently addressing the challenges in the scheme, promising them that their savings is intact. The company said the contributors should not panic as their contributions is safe, adding that their demand would […]
Idu Okwuosa, Compliance Officer, Stanbic IBTC Pension, has said that the low level of adoption of the Contributory Pension Scheme (CPS) was a result of low enlightenment campaign, saying, there is the need for serious sensitisation exercise to enlighten Nigerians on the importance of the new pension scheme. Okwuosa, who spoke at a forum in […]
The Bank of Industry (BOI) has secured a domestic credit rating of A- from Agusto & Co, a leading Nigerian credit rating agency. By the rating, the Bank of Industry has been adjudged to be a financial institution with good financial condition and a strong capacity to repay obligations on a timely basis. […]
Mansard Insurance plc was selected as one of the top quartile (first place in Insurance Category) of publicly listed Growth Strategy Leaders in Nigeria for the year 2015 awards season. The company was selected based on its outstanding performance over the years. This coveted award honours “best of the best” growth companies listed on the […]
The Airline Operators of Nigeria (AON) on Wednesday urged the President-elect, retired Maj.-Gen. MuhammaduBuhari, to look into the areas of creating jobs for Nigerian youths in the industry. Mr Nogie Meggison, the Executive Chairman of AON, made the plea in an interview with newsmen in Lagos. Meggison also advised the incoming administration to […]
