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Monthly Archives: May 2019

Residents in panic as vandals burst NNPC pipeline, flee scene in Ejigbo

Residents in panic as vandals burst NNPC pipeline, flee scene in Ejigbo

But for providence, residents of Ejigbo and Idimu areas of Lagos State would have woken up to a catastrophic disaster yesterday after a pipeline in Tunde Alabi crescent off Oboye, Mingles bus-stop, Mafon area of Ejigbo, was broken by unknown ...

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FG okays N22.6b pension balance for Nigeria Airways ex-workers

FG okays N22.6b pension balance for Nigeria Airways ex-workers

The Federal Government has approved the second and final tranche of N22.6 billion to pay the pension and gratuities of ex-workers of defunct Nigerian Airways. The Minister of Finance, Zainab Ahmed, recently secured the approval of President Muhammadu Buhari, to ...

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Senate confirms N11tr oil subsidy payment, okays N129b for marketers

Senate confirms N11tr oil subsidy payment, okays N129b for marketers

Opposes move to downgrade Enugu airport The Senate yesterday confirmed the payment of N11 trillion as fuel subsidy claims in the last six years. The chairman of its Committee on Petroleum Downstream, Kabir Marafa (APC, Zamfara), made the disclosure while ...

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Captain Yadudu Makes Clarification Over Go-around Procedure

Underpricing: A Growing Threat To Airlines

Managing director of the Federal Airports Authority of Nigeria (FAAN), Captain Hamisu Rabiu Yadudu has said that there should be no hue and cry over a go-around procedure as it is normal practice and one of the redundancies in aviation. ...

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Nigerian farmers to get $1.9m to boost seeds production

Nigerian farmers to get $1.9m to boost seeds production

A consortium of partners involve in the Inclusive Agricultural Transformation in Africa, has unveiled plans to invest about $1.9million to support seed companies in the production of quality early generation seeds in Nigeria. The three-year project is being supported by ...

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Stakeholders seek end to petroleum sector illicit financial flows

Delay in outcomes of inland basins drilling by NNPC worry stakeholders

With over $18 billion yearly losses to Illicit Financial Flows (IFFs) in Nigeria, stakeholders in the oil and gas, and financial services sectors, have tasked the Federal Government to introduce measures that will urgently address the development; otherwise funding infrastructural ...

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DPR, multinationals, others fear for economy as oil thieves reign

DPR, multinationals, others fear for economy as oil thieves reign

• Canvass modular refineries in N’Delta to check menace • Ogoni caution against ‘forceful’ resumption of exploratory activities The Department of Petroleum Resources (DPR), international oil companies (IOCs), security agencies, community leaders and other stakeholders yesterday warned that oil theft ...

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Obasanjo, 392 others in Ethiopian Airlines’ near mishap

Obasanjo, 392 others in Ethiopian Airlines’ near mishap

• It’s a case of bad weather, says carrier Former President Olusegun Obasanjo and 392 others were yesterday thrown into panic as an Ethiopian Airlines (ET) Boeing 777-300 plane on which they were travelling had landing difficulties during the final ...

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Presidential Inauguration- Abuja Airport Records Low Traffic

Bad Weather Causes Flight Delays, Cancellations at Abuja Airport

Following the inauguration of the new administration at both federal and state government levels in the country, the Nnamdi Azikiwe International Airport, Abuja on Wednesday recorded low activities. The Station Manager, Max Air, Mr Kehinde Ogunyale, told news men that ...

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Ibadan Airport Regains Lost Glory, Records 13,305 Passengers In Q1 Of 2019

Minister Commissions Upgraded Ibadan Airport

Ibadan Airport manager, Mr Victor Akinyelure has said that the airport recorded 13, 305 passengers traffic in the first quarter of 2019. Akinyelure, made this known while speaking with newsmen adding that,  571 aircraft movement was also recorded during the ...

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Experts Urge Students To Build Careers In Maritime Sector

Vessels sales hit $121.9 in one week, as firms count earnings

By Okuneye Moyosola As part of efforts to groom the next generation of experts in the shipping industry, operators have advised students to tap into opportunities available in the maritime sector. They gave the advice at the EduXplore children’s day ...

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Shareholders okay Nestle Nigeria Plc’s N30.5 billion final dividend

Shareholders okay Nestle Nigeria Plc’s N30.5 billion final dividend

Shareholders of Nestle Nigeria Plc have endorsed a final dividend of N30.517 billion, culminating to N38.50 per share due to every of its investor for the 2018 financial year. The shareholders who spoke on the 50th yearly general meeting of ...

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Airtel Africa eyes $1bn London listing, Nigeria’s bourse

Airtel Africa eyes $1bn London listing, Nigeria’s bourse

India’s telecommunications firm Bharti Airtel, is considering a stock market flotation in London, for its subsidiary, Airtel Africa Limited, and subsequent listing on the Nigerian Stock Exchange (NSE). The announcement of the planned listing in Nigeria comes barely two weeks ...

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Army destroys over 120 illegal refineries in Niger Delta

Army destroys over 120 illegal refineries in Niger Delta

The Nigerian Army has said it destroyed no fewer than 120 illegal refining sites in the Niger Delta, insisting that its action was in line with its mandate to curb economic sabotage and insecurity in the country. Acting Director of ...

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CRFFN Unveils New Logo, Reiterates Commitment To Professionalism

  By Kenneth Jukpor The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) unveiled its new logo on Thursday, last week after a strategic meeting with members of the Board of the Governing Council. Speaking on the sideline ...

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CILT Nigeria Inaugurates Three Steering Committees

Transport institute advises FG on economy, CILT bill

President demands dedication, selfless service The President of the Chartered Institute of Logistics and Transport, (CILT), Nigeria, Alhaji Ibrahim Jibril, FCILT over the weekend inaugurated chairmen and members of three crucial committees at the Institute. The three standing Committees of ...

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NIMASA Gets Rotary Award For Robust CSR Initiatives

NIMASA Gets Rotary Award For Robust CSR Initiatives

Rotary International, District 9110, has honoured the Nigerian Maritime Administration and Safety Agency (NIMASA) with an Award for Outstanding CSR Programmes for its stellar Corporate Social Responsibility (CSR) contributions. Rotary said the award bestowed on the Agency at its recent ...

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CRFFN, UNN Enter Partnership For Capacity Building In Freight Forwarding

CRFFN, UNN Enter Partnership For Capacity Building In Freight Forwarding

As part of efforts to demonstrate the commitment of the new leadership of the Council for the Regulation of Freight Forwarding in Nigeria, (CRFFN), towards making Nigeria a training hub for freight forwarding and supply chain management, the Council has ...

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Nigeria Is Losing Maritime Cases To Other Jurisdictions – NMLA

Understanding Maritime Law

The Nigerian Maritime Law Association has lamented the negative perception of the Nigerian jurisdiction among international shipping interests, which it says results from delays associated with the cases filed in Nigerian courts. The Association stated this on the occasion of ...

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Enugu Airport: EFTZ declares full certification, safety compliance

Enugu Airport: EFTZ declares full certification, safety compliance

Stakeholders in the Enugu Free Trade Zone (EFTZ) have declared their willingness to work with the Ministry of Aviation in addressing all concerns over the proximity of one of the units of the free zone with the Akanu Ibiam International ...

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