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Category: Aviation
African aviation is still in the red in 2022, says IATA
According to the International Air Transport Association, African airlines are expected to divide their losses by three in 2023, to $213m. The $13bn lost in 2020 will be a distant…
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Five more ECOWAS nations join Nigeria-Morocco $25 bln gas pipeline project
An ambitious $25 billion project to build a gas pipeline between Nigeria and Morocco took another step forward on Tuesday, with the signing of agreements with the governments of five…
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Nigeria targets meeting OPEC 1.8 mbpd oil quota by May 2023, says Sylva
Nigeria is working towards meeting its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million bpd by the end of May 2023, according to the Minister…
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NGX starts week positive as investors gain N63 billion
Trading activities on the floor of the Nigerian Exchange (NGX) closed today with a gain of N63 billion in market capitalization, as bulls regain their grip on the local bourse. The All…
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Insurance firms report higher as inflation, exchange rate bites
Claims paid out by Nigeria’s top insurance companies surged to N94 billion in the first 9 months of 2022. This is on the back of a high inflationary period in 2022 which…
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Shippers Accuse Terminal Operators of Imposing Additional Costs Over Inadequate Spaces
The Shippers Association Lagos State has cried out over increasing costs of doing business at the Lagos ports as a result of illegalities being perpetrated by shipping service providers. The…
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Air Peace Protests Dubai’s Visa Suspension For Nigerians
It would be recalled that in October 2022, UAE immigration authorities announced a ban on visa applications from Nigerians. The UAE government told its trade partners in Nigeria, including travel…
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Senate President Lawan seeks support for livestock business
The President of the Senate, Ahmad Lawan has made a strong case for those engaged in livestock business to be assisted by the Federal government. Lawan made the appeal at…
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Nigeria’s oil production rises above one million bpd
THE Nigerian government’s offensive against oil theft seems to be paying off as oil production rose above the one million barrels per day (bpd) mark for the first time since…
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Domestic airlines move to stop National carrier project, sue FG, others
Domestic airlines have sued the Federal Government and its foreign technical partner and majority shareholders, threatening to halt the national carrier project. On Friday, eight local airlines and their trade…
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