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3 New Articles
  • 3 hours ago ADC: Death, Onikoyi and a hunter’s pouch
  • 3 hours ago Nigeria excluded as OPEC+ approves 548,000 bpd crude oil output increase for August
  • 4 hours ago Nigeria’s tax reforms incomplete without corporate tax cuts, regulatory overhaul – Oyedele
Home Business (page 313)

Business

Aero suspends operation, blames operating challenges

By Contributor
19 July 2022
in :  Business, Aviation
1
126

Aero Contractors, one of West Africa’s oldest aviation companies, has announced that it will temporarily suspend scheduled passenger services on Wednesday. In a statement in Lagos on Monday, the airline blamed the situation on “the impact of the challenging operating environment on our daily operations”. It clarified that the suspension of services would not affect “the maintenance activities of the …

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Piracy declines in Gulf of Guinea in half year 2022 – IMB

By Contributor
18 July 2022
in :  Business, Maritime
0
130

… collaboration key to success – NIMASA DG In its 2022 half year report, the International Maritime Bureau (IMB) has highlighted the reduction in piracy in the globe and expressed optimism that it is a new dawn for the shipping community globally. This is coming on the heels of the Bureau receiving the lowest number of reported incidents during the …

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Benin Disco sues BPE over ‘illegal’ takeover

By Contributor
16 July 2022
in :  Energy, News
0
94

Vigeo Power Limited, the majority shareholders of Benin Electricity Distribution Company Plc (BEDC), has commenced contempt proceedings against the Bureau of Public Enterprise (BPE), describing the Federal Government agency as defaulters involved in the illegal takeover of BEDC. In a statement, the law firm of Kunle Adegoke (SAN), lawyers to Vigeo Power Limited, said the contempt proceedings had become imperative …

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NIMASA to deploy special mission aircrafts to fight oil theft – DG

By Contributor
14 July 2022
in :  Business, Maritime
0
101

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh has given assurances that two special mission aircrafts in the deep blue project fleet of the agency would be deployed to fight oil theft and protect the nation’s economy. Speaking at the recently held 16th edition of the Maritime Seminar for Judges, which was organised …

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FG, oil marketers to agree on fuel price hike soon

By Contributor
14 July 2022
in :  News, Energy
0
128

The price of Premium Motor Spirits (PMS) will be on the upward march again, going by the discussion between the Federal Government and oil marketers. Officially, PMS (better known as fuel) sells for N165 per litre but it has gone as far as N250 per litre in several parts of Nigeria, including the federal capital, Abuja in recent weeks. On …

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As petrol scarcity persists, fuel marketers warn: Expect the “mother of all queues!”

By Contributor
10 July 2022
in :  Energy, News
0
118

Oil marketers may embark on their proposed strike after the Sallah holidays, a situation that will compound the already perennial and troubling fuel shortages. Monday and Tuesday are government-declared rest days to observe the Eid-el-Kabir. Over the weekend, the Independent Petroleum Marketers Association of Nigeria (IPMAN) threatened to commence an action that would result in what it described as the …

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Saraki expresses delight at NIMASA’s equipment acquisition

By Contributor
23 June 2022
in :  Maritime
0
124

The Minister of State for Transportation, Senator Gbemisola Ruqayyah Saraki has expressed delight at the equipment and assets the Nigerian Maritime Administration and Safety Agency (NIMASA), stating that that underscores the importance the Federal Government attaches to combating maritime crimes and ensuring zero tolerance for illegal activities on the nation’s territorial waters. While on a tour of NIMASA’s facilities and assets …

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FG insists fuel price is N165/litre; stations sell above N185

By Contributor
22 June 2022
in :  Energy, News
0
100

Despite the insistence of the Federal Government that marketers should not sell Premium Motor Spirit (commonly known as fuel or petrol) for more than the official rate of N165 per litre, many filling stations across the country have increased the price to no less than N185. The government issued the warning to oil marketers on Tuesday, while advising the citizens against …

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Lagos partners World Bank to chart energy boost pathway; envisages 1GW supply

By Contributor
21 June 2022
in :  Energy, News
0
126

The Lagos State Ministry of Energy and Mineral Resources took a great stride on Tuesday in its ambition to achieve one Gigawatt (GW) of installed Distributed Photovoltaics (DPV) capacity by 2030 by organising a one-day workshop, in conjunction with the World Bank, to discuss the framework for the DPV implementation the state. The structure is proposed to capture a mix …

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Reuben Mouka is NCC’s new Public Affairs Director

By Contributor
21 June 2022
in :  Business, Technology
0
135

Seasoned ICT journalist and PR professional, Mr Reuben Mouka is the new Director of Public Affairs at the Nigerian Communications Commission ( NCC). Muoka assumed duty on Monday to replace Dr Ikechukwu Adinde, who has been moved to the Special Duties unit of the Commission. It is a familiar terrain for Muoka who had worked in the Public Affairs department …

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