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Daily Archives: January 13, 2021

COVID-19: Global Aviation Economy Will Not Recover – IATA

Excessive charges killing Nigerian airlines, others — IATA

By Ayoola Olaitan The International Air Transport Association (IATA) has said that the aviation economy will not recover as governments continue to tighten borders in a knee-jerk response to COVID-19 pandemic. The organization stressed that the industry will not recover ...

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ANLCA Constitutes Committee To Expedite Elections At Murtala Mohammed Airport

ANLCA Constitutes Committee To Expedite Elections At Murtala Mohammed Airport

The Association of Nigeria Licensed Customs Agents (ANLCA) has set up a working committee to speed up the election process at the Murtala Mohammed Airport which is proposed to take place next month. The 7-man committee was set up to ...

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FG Signs $2bn Contract For Kano–Maradi Rail Line Construction

FG Signs $2bn Kano–Maradi Rail Line Construction

The Minister of Transportation, Hon. Rotimi Amaechi in a firm shake with the Managing Director of Mota-Engil, Mr. Antonio Gvoea, after signing an MOU on the construction of Kano-Maradi Standard Gauge Railway, yesterday. The Federal Government in its bid to ...

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Lawan alleges forces working to frustrate PIB

Lawan alleges forces working to frustrate PIB

President of the Senate, Ahmad Lawan, on Tuesday alleged that there were forces within and outside the country working to frustrate the consideration and passage of the Petroleum Industry Bill. Lawan spoke to journalists in Abuja. He said, “The PIB ...

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Egbin, Shiroro power plants’ output hit record high

Egbin, Shiroro power plants’ output hit record high

Electricity generation from the nation’s largest power station, Egbin, and one of the hydropower plants, Shiroro, surged to record highs on Tuesday. Total electricity generation in the country rose to 4,515MW as of 6am on Tuesday from 4,399.20MW on Monday, ...

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Oil rises above $56 on tight supply expectations

Oil rises above $56 on tight supply expectations

The international oil benchmark, Brent crude, rose above $56 per barrel on Tuesday, buoyed by Saudi Arabia’s plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand. While the sustained increase in oil price means ...

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IATA foresees low passenger traffic as ticket purchases decline

IATA foresees low passenger traffic as ticket purchases decline

The International Air Transport Association is worried that there may not be any significant improvement in passenger volumes in the near term. The IATA in its Economics’ Chart for the week explained that ticket purchases rising towards the third week ...

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Nigeria’s rice production gap now 500,000MT, says FG

Nigeria’s rice production gap now 500,000MT, says FG

The Federal Government on Tuesday put the rice production gap in Nigeria at 500,000 metric tonnes. It, however, stated that the country would soon close the gap and meet the seven million metric tonnes production capacity required to attain self-sufficiency. ...

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Awaiting CBN’s foreign exchange rate unification

Awaiting CBN’s foreign exchange rate unification

• Normalise rates to boost transactions, says LCCI boss • Rewane warns against exchange rate fixing • Political consideration, intrigues thwart apex bank’s efforts The dithering by the Central Bank of Nigeria (CBN) to tackle foreign exchange (FX) rate unification, ...

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Golden Eaglets hit semifinal as Ivory Coast beat Ghana 3-1

Golden Eaglets hit semifinal as Ivory Coast beat Ghana 3-1

The Golden Eaglets of Nigeria ‘sneaked’ into the last four of the African U-17 tournament yesterday, no thanks to the Baby Elephants of Ivory Coast, who defeated the Black Starlets of Ghana 3-1 in their last Group B in Togo. ...

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Umoren replaces Usoro as Abuja MoU secretary-general

Umoren replaces Usoro as Abuja MoU secretary-general

Captain Sunday Umoren has been appointed as the Acting Secretary-General of the Abuja Memorandum of Understanding on Port State Control. According to a statement on the website of the Abuja MoU, Umoren, who is the first Master Mariner to head ...

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2021 budget: Prepare for more pain, FG tells Nigerians

2021 budget: Prepare for more pain, FG tells Nigerians

•Clarifies unclaimed dividends fund •Experts differ on implications Nigerians have been told to prepare for more pain this fiscal year, as the Minister of Finance, Budget and National Planning Minister Mrs. Zainab Shamsuna Ahmed, and the Director-General, Budget Office of ...

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