NCAA approves more airlines as Kano Airport restarts flight operations

The Nigerian Civil Aviation Authority (NCAA) has given the all-clear to two airline operators to hit the skies after fulfilling all health protocols and aviation guidelines as Mallam Aminu Kano International Airport (MAKIA), Kano restarts domestic flight operations today. The Guardian learnt that the two operators, Azman and Max Air received their restart plan approval […]

Passengers want sustainability of COVID-19 protocol as flights resume

After three months, the Nnamdi Azikiwe International Airport, Abuja, resumed commercial operations on a slow note yesterday. Except for some VIPs shuttles, the nation’s airspace was on lockdown since March 30. By 9:00a.m. yesterday, passengers started trickling in their numbers to board the 11:00a.m. Arik flight to Lagos. As required, they complied with the safety […]

Nigeria strategizes to regulate bid rounds as 600 firms jostle for 57 marginal fields

• Sets 24 months target for oil delivery after bids The Federal Government, yesterday, said about 600 companies have applied to be pre-qualified for the ongoing bid rounds of 57 marginal oil fields.The Director/CEO, Department of Petroleum Resources (DPR), Sarki Auwalu, during the fourth Webinar series organised by the Nigerian Association of Petroleum Explorationists (NAPE), […]

Four airlines off to good start, record 70% load factor

• Dana, Aero Contractors join today• NCAA okays all eight airlines, more airports for reopening It was a fairly impressive turnout at both Lagos and Abuja local airports, yesterday, as four of the eight operating local airlines restarted operations with an average load factor of 70 per cent. Although it was not as busy as […]

Industries hard hit as COVID-19 rattles forex market

· I&E falls 22% to $22.99b · External reserves down 17% · Naira depreciates 27% · Corporates besiege black market for forex needs Nigeria’s industries ended the first half of 2020 groaning under the weight of acute dollar scarcity triggered by the severe, multiple impacts of the Coronavirus (COVID-19) pandemic on the nation’s foreign exchange […]

COVID-19: 74.2% of businesses no longer operating — NECA

Nigeria Employers’ Consultative Association, NECA, has raised the alarm that 74.2 per cent of businesses have stopped operations due to COVID-19 pandemic. At a briefing, weekend, in Lagos, acting President of NECA,Taiwo Adeniyi, disclosed that 15.8 per cent of businesses were either fully on site or teleworking. While commending the Federal Government’s efforts through various […]

Airlines seek flight resumption as NCAA submits findings today

Local airlines have urged the Federal Government and the Presidential Task Force (PTF) on COVID-19 to reopen the airspace for airlines and airports that have satisfied safety protocol to begin operations. The carriers, under the aegis of Airlines Operators of Nigeria (AON), said more days were bound to be wasted and revenues lost should the […]

Stakeholders on investors’ protection in capital market

When investors bring in their money to support the growth of a company, they are conferred with certain rights or powers that are generally protected through the enforcement of regulations and laws. Some of these rights include disclosure, which provide investors with the information they need to exercise other rights. Every shareholder, be it large […]

FG, states eye N212b revenue as Naira heads to N400/$

Planned unification of exchange rate platforms to further drive down Naira value Nigerians to pay more for petrol •Black market emerges in I&E window THE federal, states and local governments are set to earn additional N212 billion revenue this year from the planned unification of the exchange rate platforms, which will further drive down the […]

Dangote cement sustains 54,000 jobs in 4 African countries

President of Dangote Group, Aliko Dangote has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are: Nigeria, Ethiopia, Senegal and South Africa. The business mogul who disclosed this to shareholders at the company’s 11th Annual […]