Archives for BUSINESS - Page 13
It is time for Nigeria; it is time for gas- NLNG MD
The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, has said it is time for Nigeria to use gas as a catalyst for industrial and…
“Arik can’t afford N1.6b fuel cost to sustain int’l routes”–AMCON MD
The managing director of Asset Management Corporation of Nigeria (AMCON) Mr. Ahmed Kuru has said that Arik Air which was taken over by his agency on February 9 spends about…
AMCON takes over Arik Air, appoints MD, receiver manager
The Asset Management Company of Nigeria (AMCON) has taken over the management of Arik Air that has been struggling with huge debts totalling N139 billion. AMCON said in a statement…
Violation of safety regulation: NCAA fines First Nation, pilot N33.5 million
The Nigerian Civil Aviation Authority (NCAA) has fined First Nation Airways (FNA) and one of its pilots a total of million for contravening safety regulations In a letter conveying the…
Med-View Airline to list on NSE
Med-View Airline has concluded plans to list its shares on the Nigerian Stock Exchange (NSE) by way of ‘listed by introduction.’ The airline’s executive director, business development, Mr. Isiaq Na-Allah…
NAFDAC destroys substandard drugs worth N9.6 billion
The National Agency for Foods Drugs Administration and Control (NAFDAC) has destroyed substandard pharmaceutical products in Igwurita, near Port Harcourt. Commenting on this, the Minister of Health, Prof. Isaac Adewole,…
Imo Airs maiden flight lands in Owerri
The Imo State Government flight, Imo Air yesterday landed at the Sam Mbakwe Cargo Airport, Owerri with the first set of passengers. A release issued by Chief Press Secretary to…
FG releases N72bn for Lagos-Ibadan rail line
The Ministry of Transportation, stated that the Federal Government had released N72bn as its counterpart funds for the construction of the Lagos-Ibadan standard gauge railway line. The Minister Mr. Rotimi…
Update: NAF begins investigation into accidental bombing of IDP camp
The Nigeria Air Force (NAF) has begun investigation into Tuesday’s accidental air strike at an internally displaced persons’ camp in Rann, Borno State. It would be recalled that at least…
NAF fighter jet misfires, kills 52 civilians, injures100
The Nigeria Air Force (NAF) fighter jet has misfired and killed some civilians as wells as humanitarian aid workers of the International Committee of Red Cross (ICRC), the Medicines Sans…