The Central Bank of Nigeria (CBN) has made good its fresh policy as it has ordered Banks to refund illegal fees charged customers in the last 12 months. The order was contained in a circular titled: ‘Implementation of the revised guide to bank charges -Commission on Turnover’, issued by the apex bank and signed by […]
Dangote Cement Plc has dismissed claims by some manufacturers of the Cement that the recent upward review of the quality standard by the Standard Organisation of Nigeria (SON) will lead to price increase The management of Dangote Cement allayed the fears of the consumers that the upgrade of cement quality and the new classification of […]
Oyewale Oyelola Mr. Chidi Onyeukwu Ajaegbu (FCA) has emerged as the 50th President of Institute of Chartered Accountants of Nigeria (ICAN). Ajaegbu before his election at special council meeting of the leading accounting regulatory body in Nigeria was the Vice President of the Institute. He will take the oath of office on Tuesday at the […]
Kayode Adelowokan In its determination to meet the highest global aviation safety standards, the management of Dana Air said that it has commenced preliminary preparation for the International Air Transport Association (IATA) Operational Safety Audit (IOSA). Towards achieving this, the airline has started an Implementation Training Initiative as part of the preliminary process to prepare […]
Managing Director, Medview Airlines, Alhaji Muneer Bankole, in this interview talk about how far the Nigeria aviation sector have gone in recent time but believes government needs to create enabling environment, reduce the payment of all taxes of agencies of government. KAYODE ADELOWOKAN, reports; As a non aviation person one of the fears I have […]
Kayode Adelowokan The Chief Executive Officer of Mish Aviation Flying School, Ghana, Captain Ibrahim Mshelia, has said that training professional aviators is a passion borne out of balancing the scales between African and European professionals as well as tackling the acute dearth of manpower in the airline industry. He made this known at the African […]
The establishment of Free Trading Zone at the Murtala Muhammed Airport Lagos by the National Aviation Handling Company (NAHCO) Plc would attract over $500 million investment to the nation’s economy within five years, the Chairman of the Company, Mallam Suleiman Yahyah has said. Speaking on Tuesday at the national executive council meeting of the Air […]
Dangote Cement plc on Monday hailed the move by the Standards Organisation of Nigeria (SON) to review standardization of cement in the country towards attaining the highest level of safety in building and construction. The cement company at a forum in Lagos also urged SON to immediately begin the enforcement of the new cement classification […]
Kayode Adelowokan In a bid to bring sanity to the Nigerian Aviation sector, the Senate committee on Aviation today assured that work would soon resumed at all the 22 airports across the country. This is according to the Chairman, Senate Committee on Aviation, Senator Hope Uzodima, at the Murtala Muhammed International Airport, Lagos, during a […]
The Federal Government Securities have continued to enjoy investments from the pension sector as about N2.64 trillion which is 63 per cent of N4.13 trillion contributors’ funds, have been injected into them as at the end of March this year. The pension assets have jumped to N4.3 trillion by the end of April. The Acting […]
…Premium on Compulsory Insurance Hits N28.68b in three years Kayode Adelowokan “The recent rebased GDP of Nigeria’s economy which placed the country first in Africa, 26th largest economy in the world has placed enormous responsibility on the insurance industry, the sector barely contributed 0.7 per cent, this therefore calls for more dynamic strategies to enable […]
Jacob Oyewale, Abuja Nigerian Minister of Trade and Investment, Dr. Olusegun Aganga has disclosed that more United States companies will invest in Nigeria due to huge economic potentials of the country. Dr. Olusegun Aganga stated this in Abuja while receiving US delegation led by US Secretary of Commerce, Penny Pritzker on Friday. Aganga said, “Nigeria […]
Kayode Adelowokan The foremost African financial institution; Guaranty Trust Bank plc has been adjudged the ‘2014 African Bank of the Year’ for the 2nd consecutive time by African Banker Magazine in an announcement made on Wednesday, 21st May, 2014 at the awards ceremony that held at Kigali Serena Hotel, Rwanda. The African Banker Awards is […]
…Spends Over N100m On Infrastructure Kayode Adelowokan, Lagos Manager of the new domestic terminal two of the Murtala Muhammed Airport (MMA2), Lagos has said that it will invest over N500 million on the upgrade of operational equipment in 2014. The Chief Executive Officer, Bi- Courtney Aviation Services Limited, Christophe Pennick, said the five hundred million […]
Kayode Adelowokan Arik Air, West and Central Africa’s largest airline, has responded to passenger demand by increasing the frequency of its Lagos-Monrovia (Liberia) and Lagos-Luanda (Angola) routes. The Lagos-Monrovia service has been increased from three to four weekly flights using a Boeing 737-700 aircraft. The new flight will operate on Saturday, adding to the existing […]
Kayode Adelowokan First Bank of Nigeria Ltd, Nigeria’s largest financial Institution has been designated as sales points for the e-registration forms of candidates for the November/December 2014 West African Senior School Certificate Examination (WASSCE). With it over 750 branches across the federation and 120 years of business operation, FirstBank has been a consistent partner for […]
…Commission Warns Domestic Operators Over Flights Cancellations, Delays Kayode Adelowokan The Nigerian Civil Aviation Authority (NCAA) has issued license of the Air Operators’ Certificate (AOC) to AZMAN Air Services, the latest entrant in the domestic air transport industry. The Aviation authority warned domestic airline operators to avoid cancellation of flights, delayed and deferred maintenance of […]
Against the background of the skyrocketing price of cement in the market, leading cement manufacturer, Dangote Cement Plc has released into the market, a supply of 9 million tons of the commodity, to stem the price hike. President of Dangote Group, Aliko Dangote made this disclosure when the President of Tanzania, Dr Jakaya Kikwete paid […]
Oyewale Oyelola Effective taxation and prompt payment of tax have been described as backbone of emerging economy like Nigeria. The Head of Tax, Deloitte leading international Audit and consulting firm, Fatai Folarin said this in Media Interview aired on Channels Television monitored by our correspondent in Lagos. According to him, “Nigerians must develop tax paying […]
Kayode Adelowokan The Emirates Group on Thursday announced its 26th consecutive year of profit and company-wide growth, ending the year in a strong position despite competitive pressure and a global economic environment that is only slowly recovering. The financial year ending 31 March 2014 also marked an unprecedented level of investment across the Group, continued […]
