By Foster Obi Federal Airports Authority of Nigeria (FAAN) has assured air travelers and other airport users that her network of airports across the country are fully prepared for the usual surge in passenger traffic that is the norm during the Christmas and New year season. A statement signed by Yakubu Henrietta, FAAN General Manager, […]
By Foster Obi Boeing coy and Lagos-based Green Africa Airways Friday said they have made a commitment of up to 100 737 MAX 8 aircraft, evenly split into 50 firm aircraft and 50 options, as the airline plans to begin commercial operations. A statement signed by Saffana Michael, Boeing Communications said “The total deal carries […]
A Geneva prosecutor is reviewing material in a suitcase seized nearly three years ago to decide what can be shared with Italian authorities in a case involving oil majors Eni and Royal Dutch Shell and corrupt payments in Nigeria, his office said on Friday. The prosecutor received the green light after Switzerland’s top court, the […]
There are indications that the country’s Debt Servicing-to-Revenue Ratio, DSRR, may worsen in 2019 following the plan to sustain borrowing in the new fiscal year. CBN Governor, Mr. Godwin Emefiele With Nigeria’s overall budget deficit proposal of N1.859 trillion in 2019 fiscal year, the federal government has disclosed that it would finance the short fall […]
Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging. Shipments of Egina crude from a floating offshore production vessel have been scheduled for February, according to a copy of a loading program for the new […]
OPEC Secretary General Mohammad Barkindo said to reach the proposed cut of 1.2 million barrels per day (bpd), the effective reduction for member countries would need to be 3.02 percent. That is higher than the initially discussed 2.5 percent discussed earlier this month. Since climbing to four-year highs in early October, crude futures have crashed […]
The organised labour has given the Federal Government up to Dec. 31 to send the tripartite committee report on N30,000 minimum wage to the National Assembly. The decision was taken in Lagos on Thursday at a joint meeting of three labour centres—the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the United Labour Congress […]
The Kaduna State Nutrition Officer, Hajiya Hauwa Usman, said on Thursday that no fewer than 132 children have died of severe acute malnutrition out of the 12,858 hospitalised between January and October 2018 in the state. Usman, who made this known while giving an update on the nutrition situation in the state at a two-day […]
US equity markets opened lower on Thursday following a steep Wednesday afternoon selloff sparked by a US Federal Reserve interest rate hike. The Dow Jones Industrial Average was treading water, down around 0.8% in midmorning trading, building on a more than 1.5% decline during the previous session. But equity markets stepped lower later in the […]
South Africa’s Competition Commission said on Thursday it had charged retailer Shoprite and its subsidiary Computicket with anti-competitive behaviour, and recommended a fine. The commission said Shoprite and the event ticket seller had signed exclusive agreements that gave Computicket the ability to discriminate between large and small customers on prices. The commission said the discrimination […]