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African air traffic soars by 11.7% amid global demand surge

African air traffic soars by 11.7% amid global demand surge

Air traffic demand in Nigeria and other African countries improved by 11.7 per cent in June as part of the global upsurge of 5.0 per cent compared to June 2018.The International Air Transport Association’s (IATA) global passenger traffic results for ...

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FG bans forex for food importation

FG bans forex for food importation

President Muhammadu Buhari, yesterday directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country. Buhari made the disclosure on Tuesday in Daura, Katsina State, when he hosted All Progressives Congress (APC) governors ...

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NAF, Mudaime, NIW push for indigenous participation to save $50b imports

NAF, Mudaime, NIW push for indigenous participation to save $50b imports

Local content efforts championed by the Nigerian Air Force (NAF) and an indigenous oil servicing firm, Mudiame International Limited as well as the Nigerian Institute Welding (NIW) could conserve as much as $50 billion in the country, drastically reduce influx ...

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Oil inches above $60 as U.S. delays tariffs on Chinese goods

Oil inches above $60 as U.S. delays tariffs on Chinese goods

Oil prices continued to rally yesterday, following reports that the United States has decided to delay the next round of tariffs that were to be imposed on Chinese goods. The delay gives hope to a skittish market that the trade ...

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‘Nigeria can fight poverty if forex potential is explored’

‘Nigeria can fight poverty if forex potential is explored’

Nigeria can reduce its level of unemployment and fight poverty if the potential in the foreign exchange (fx) market is fully explored, FX expert has said. According to them, using institutional mechanism to drive a profitable foreign exchange in the ...

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BUA, NETAFIM seal pact on automated sugar irrigation project

BUA, NETAFIM seal pact on automated sugar irrigation project

BUA Group and Netafim of Isreal have signed an agreement for the largest ever fully automated drip irrigation project for the BUA Lasuco Sugar Company, Lafiagi, Kwara State, Nigeria. This agreement signing which took place at the Nigeria Sugar Development ...

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Ecobank canvasses standards, good governance to drive intra-Africa trade

Ecobank canvasses standards, good governance to drive intra-Africa trade

The Group Chairman, Ecobank Transnational Inc., Emmanuel Ikazoboh, has urged Nigerians to ensure their products meet global standards. He explained that good products and services that meet international standards coupled with good corporate governance and trust are major factors that ...

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‘Nigerian market kept Kenya Airways through hard times’

‘Nigerian market kept Kenya Airways through hard times’

The survival of Kenyan national carrier, Kenya Airways, from recent economic hard times has been linked to supports enjoyed from the Nigerian market. The Country Manager of the East African carrier, Hafeez Balogun, said this in appreciation of the Nigerian ...

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Many DisCos not performing, investing in new capacities, says TCN

Fresh worry over electricity tariff increase, sector flaws

The Transmission Company of Nigeria (TCN) has justified the suspension of some Distribution Companies (DisCos) from the Electricity Market, stating that there was need to enforce rules and ensure efficiency among operators. According to the Managing Director of the TCN, ...

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NCC to decommission 693 abandoned telecoms masts

Mobile network operators’ assets in Nigeria hit N1.95 trillion

• Owners get 90-day notice to fix, remove, others The Nigerian Communications Commission (NCC) may decommission about 693 telecoms masts alleged to have been abandoned in several parts of the country. NCC however, gave owners of the mast 90-days to ...

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Flight delays, cancellations cripple local travels amid traffic surge

Flight delays, cancellations cripple local travels amid traffic surge

• Frustration as Nigerian embassy slows down Sallah travel • Hajj pilgrims to start returning August 17, says presidency Flight delays and cancellations in local air transport have worsened, much to the discomfort of passengers travelling for either summer or ...

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Adorable Audrey

Adorable Audrey

Mrs Audrey Joe-Ezigbo is the Executive Director of Falcon Corporation Limited, an oil and gas services company. She is a member of the International Women’s Society (IWS). An encourager by nature, Audrey is particularly passionate about building up early-stage and ...

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When Nations Fail: The Leadership That Matters

When Nations Fail: The Leadership That Matters

By Kingsley Anaroke, Kenneth Jukpor & Okuneye Moyosola The Change We Need The word ‘Revolution” has lately become a subject of national debate. This followed the declaration of intention by Omoyele Sowore to stage a national protest code-named: #RevolutionNow and ...

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Transport Bigwigs Converge At 2nd MMS Leadership Lecture (2)

All categories of Nigerian transport veterans graced the MMS 2019 Transport Leadership lecture and awards, two weeks ago. Enjoy the photos!

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Absence of clear economic direction, others drag NSE index further 1.17%

Stock market still depressed after ministerial appointment

At the close of transactions last week, the All-Share Index (ASI) and market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by 1.17 per cent to close the week at 27,306.81 points and N13.307 trillion respectively. Similarly, all other indices ...

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How global rate cut push is supporting credit in Nigeria

How global rate cut push is supporting credit in Nigeria

Central banks in advanced and developing countries are adopting expansionary monetary policy stance in order to stimulate economic growth. The move, which now tends towards a global unanimity, is, however, creating initial benefits for Nigeria, even as it remains cautious ...

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SEC advises Nigerians to shun ponzi schemes

SEC advises Nigerians to shun ponzi schemes

The Securities and Exchange Commission (SEC) has again warned Nigerians to desist from investing in schemes that offer unreasonable returns and not approved by the commission. Acting Director-General of SEC, Mary Uduk, who stated this in an interview with journalists ...

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BEARS: Failed Promises

BEARS: Failed Promises

The Federal Government had, in 2017, begun the National Primary Healthcare Revitalization Initiative with the aim of resuscitating over 10,000 health centres across the country. Two years after the Federal Government’s promise to revitalize 10,000 primary healthcare centres across the ...

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Maximizing AfCFTA Opportunities

FG bans forex for food importation

Nigeria became the 53rd country to sign the African Continental Free Trade Agreement (AfCFTA) the world’s largest single market, when President Muhammadu Buhari signed last month. The agreement will be the largest trade agreement in history since the creation of ...

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Port Concession Review: NPA To Create Monitoring Team To Regulate Self

Terminal operators say Lagos ports not congested

·  How technical regulatory issues lead to fiscal losses ·  SOLAS related deficiencies ranked highest in 2018 – Abuja  MOU By Kenneth Jukpor As part of efforts to ensure that both parties in the ongoing port concession agreement review meet their obligations, ...

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