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Monthly Archives: February 2019

Passenger traffic slows down after pre-election surge

Reforming Infrastructural Facilities At Nigerian Airports

Air passenger traffic nationwide has recorded sharp decline after last Saturday’s general elections and initial uncertainties over the outcome. Though the incumbent, President Muhammadu Buhari, was yesterday declared the winner, fears of violent reactions appeared to have forced many travelers ...

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Stock market lose N86 billion more as Buhari is re-elected

Bulls sustain market hold as index rises 0.4%

Following the final declaration of the presidential election results, the Nigerian Stock Exchange (NSE) market capitalisation yesterday, lost additional N86 billion, to close at N12.024 trillion. The market sustained the sliding profile, as the All-share index (ASI) declined by 0.71 ...

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‘Nigeria’s iron ore can generate $60 billion yearly’

‘Nigeria’s iron ore can generate $60 billion yearly’

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), and stakeholders in the mining industry have sought increased investments in Nigeria’s mining sector. Indeed, the stakeholders lamented that despite the huge potential of the sector, it is ...

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NIMASA advocates greater role for African women in maritime

Government to end cabotage waivers, eyes ship production in 2024

The Nigerian Maritime Administration and Safety Agency (NIMASA), has expressed its readiness to support initiatives aimed at getting more African women involved in the operations of the maritime industry. Director-General, NIMASA, Dakuku Peterside, who disclosed this during a courtesy visit ...

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Global gas demand to grow 10 per cent by 2030

Global gas demand to grow 10 per cent by 2030

Global demand for gas will grow by around 10 per cent towards 2030, driven by opportunities for gas and need to lower emissions. That is what Equinor expects, according to a statement posted on its website on Thursday, which revealed ...

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Shell says FG’s tax claims may delay $10b Bonga offshore field

Government takes over oil well from Shell, Ogoni people kick

Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the West African nation. Nigeria ordered several major foreign oil and ...

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Calabar port yearns for container vessels, groans under draft limitations

Calabar port yearns for container vessels, groans under draft limitations

Stakeholders in one of Nigeria’s major seaports, the Calabar Port, Cross River State, has again cried out for urgent attention from the Nigerian Ports Authority (NPA), following many years of neglect. The port, which lies 45 nautical mile (about 84km) ...

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Low budget carriers mull ‘all-standing’ passenger airplanes

Low budget carriers mull ‘all-standing’ passenger airplanes

• Why it will not work in Nigeria, by operators, regulator Call it Molue in the air or MoluAir, and you will not be wrong. But the truth is that low budget carriers are beginning to mull the idea of ‘all-standing’, ...

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Goldman Sachs projects rise in oil prices

Nigeria, Iraq exceed cuts as OPEC achieves 79% compliance

• As Trump calls for steady rates U.S. President, Donald Trump, yesterday, expressed concern about oil prices and repeated his previous call on the Organisation of the Petroleum Exporting Countries (OPEC), to keep prices steady. On Monday, oil prices edged up ...

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African, European carriers rank top in global safety performance

African, European carriers rank top in global safety performance

Three years without a major accident or fatality has earned both African and European commercial carriers top positions in the 2018 Airline Safety Performance ratings, recently released by the International Air Transport Association (IATA). IATA, the clearing house for over ...

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Experts renew call for alternative capital formation

Managing Nigeria's Resources: Extraneous Replication Of Agencies

• Hinge sustainable liquidity inflow on securities lending, others To accelerate stock market growth and mobilise savings for liquidity post-elections, experts have renewed call for the creation of alternative pool of capital formation aside the pension fund in the market. ...

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Olu of Warri Pledges Support To Ocean And Cargo Terminal

Olu of Warri Pledges Support To Ocean And Cargo Terminal

The Olu of Warri, His Majesty Ogiame Ikenwoli, has pledged his support for the Ocean and Cargo Terminal Services Limited as the company formally takes possession of the Warri Port Terminal B. This was expressed when the board and management ...

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Emirates To Begin Twice-daily Operations On Abuja Route

Emirates To Begin Twice-daily Operations On Abuja RouteEmirates To Begin Twice-daily Operations On Abuja Route

Emirates Airlines has revealed plans to upscale flight services to Abuja, with twice-daily flights beginning from June 1. The new services, “based on popular demand”, is to be operated by Boeing 777-300ER aircraft, bringing the airlines’ daily frequencies in Nigeria ...

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Akwa Ibom Launches Maiden State-Owned Airline

Akwa Ibom Launches Maiden State-Owned Airline

Governor Udom Emmanuel at the commissioning of Akwa Ibom State government has launched Ibom Air airlines, becoming the first State in Nigeria to own a commercial airline. This investment by the state government would create employment opportunities and also enhance ...

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Currency dealers raise the alarm over alleged fake $100 bills from India

Currency dealers raise the alarm over alleged fake $100 bills from India

The Association of Bureaux De Change Operators of Nigeria (ABCON), at the weekend, took up a campaign to alert the public on the security investigations over fake $100 bills, allegedly imported from India into the country. ABCON President, Dr. Aminu ...

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GOXI Microinsurance gets operating licence

GOXI Microinsurance gets operating licence

The National Insurance Commission (NAICOM) has granted GOXI Microinsurance Company Limited an operating license under the State Composite Micro-insurer category, in effortsto deepen insurance penetration and acceptance in the country. Among the requirements listed in the micro-insurance guidelines released by ...

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BEARS: Noisy ANLCA

BEARS: Noisy ANLCA

  A visit to Association of Nigeria Licensed Customs Agents (ANLCA) Murtala Muhammed International Airport Chapter, revealed the high level of indiscipline among the members and the secretariat was characterized by haphazard movements and noise. The main purpose of an ...

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Lagos Port Crisis: Over 50 Illegal Checkpoints On Lagos Port Corridors

Lagos Port Crisis: Over 50 Illegal Checkpoints On Lagos Port Corridors

.  NPA’s anti-corruption squad helpless as extortion persists ·  Manual truck call-up system – dead on arrival · ‘Nigerian port recovery charge’ influenced by NPA, NIMASA –  PTML By Kenneth Jukpor Despite the genuine efforts of the Nigerian Ports Authority (NPA), truck ...

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Apapa Traffic: FG’s Misplaced Priorities

Apapa Traffic: FG’s Misplaced Priorities

“Things which matter most must never be at the mercy of things which matter least” – Anonymous From the apt saying above one can deduce that the Nigerian government has not aptly prioritized the role and significance of the transport ...

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Nigerian Agro-Cargo Terminals: Analyzing Economic Benefits

Nigerian Agro-Cargo Terminals: Analyzing Economic Benefits

By Okuneye Moyosola In 2013, thirteen airports were designated as perishable cargo terminals to transform the aviation sector into a major revenue earner for Nigeria. Six years after these airports were designated as perishable cargo airports by the Federal Airports ...

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