Home / Business & Economy

Business & Economy

Capt Yadudu appointed as ACI-Africa Rep into World Governing Board, gets award

Engineer Dunoma hands over to new ACI-Africa President CAPTAIN Rabiu Hamisu Yadudu, the Managing Director of the Federal Airports Authority of Nigeria (FAAN)was today (October 17) appointed into the Board of Directors of the Airports Council International as a representative of Airports Council International -Africa (ACI-Africa). This is just as …

Read More »

Nigeria, China’s CRCC seal N1.4tn Abuja-Itakpe-Warri rail contract

FEDERAL Government of Nigeria on Thursday in Abuja signed a $3.9bn (N1,414,651,153,278.09) contract with the China Railway Construction Corporation Limited (CRCC) for the construction of a new Abuja-Itakpe-Lokoja rail line. Minister of Transportation, Rotimi Amaechi, who received senior officials of the CRCC at the ministry, stated that the agreement is …

Read More »

NERC set to revoke eight discos’ licenses including Abuja, Ikeja

EIGHT power distribution companies including Abuja, Benin, Enugu; Ikeja, Kaduna, Kano, Port Harcourt and Yola Discos may face cancellation of their licenses as the discos have allegedly breached some provisions of the Electric Power Sector Reform Act in July 2019. In a notice posted on its website on Tuesday evening, …

Read More »

FG allocates N123bn to transportation ministry on proposed N10.33tn budget, to service debt with N2.45 trillion

FEDERAL Government on Tuesday presented the 2020 appropriation bill of N10.33 trillion to the National Assembly with the Federal Ministry of Transportation getting N123 billion, the third highest allocation. This is just as government has set aside N2.45 trillion for debt service during the 2020 fiscal year. President Muhammadu Buhari …

Read More »

Air Antwerp successfully go-live with AeroCRS

AIR ANTWERP, a new scheduled joint-venture carrier between CityJet and KLM Royal Dutch Airlines that started commercial flights on the 9th of September has joined the AeroCRS network. Air Antwerp operates currently 16 regular flights weekly using a turboprop Fokker F-50 from its Antwerp base to London City, right in …

Read More »

Captain Nuhu, Nigerian ICAO Council rep, elected chairperson AFI Plan Steering Committee

NIGERIAN representative at the International Civil Aviation Organization (ICAO) Council, Captain Musa Nuhu has been elected as the Chairperson by the Comprehensive Regional Implementation Plan for Aviation Safety in Africa and Indian Ocean (AFI Plan) Steering Committee in Montreal Canada. The election took place yesterday during the (AFI Plan) Steering …

Read More »

Nigeria@59: President Buhari harps on restoring economic growth

PRESIDENT Muhammed Buhari has said that the present administration aims to deliver on positive and enduring change through maintaining its National Security; restoring sustainable and inclusive Economic Growth and Development. He made this known this morning as he delivered his 59th Independence Day Broadcast speech where he declared that Nigeria …

Read More »

Credit Access: Heritage Bank MD says Nigeria needs credible identity management

MANAGING Director/ Chief Executive of Heritage Bank, Mr Ifie Sekibo, that while the Bank Verification Number (BVN) has been able to create a form of identification in the country, government still needs to work towards creating a credible and strong identity management towards expanding access to credit. Sekibo made this …

Read More »

UBA, LCCI to create value for SMEs at 2019 Lagos Int’l Trade Fair

UNITED Bank for Africa (UBA) Plc and the Lagos Chamber of Commerce and Industry(LCCI), have assured small medium enterprises (SMEs) that the 2019 Lagos International Trade Fair will bring far reaching benefits that will help transform their businesses and take it to the next level. UBA’s Head Group Consumer Retail …

Read More »

EATECH becomes first Nigerian firm to get ISO/IEC 17025 accreditation

L-R: Emmanuel Okon, managing director/CEO of EATECH and Ugochi Alisi, general manager of the company with the certificte of accreditation for ISO/IEC 17025 received from the Nigerian National Accreditation Service in Lagos recently.

ENGINEERING Automation Technology Limited (EATECH), has been awarded the International Organisation for Standardization and the International Electrotechnical Commission  ISO/IEC 17025:2017 accreditation following series of evaluations to prove it’s compliance. The firm made history at the weekend becoming the first Nigerian firm to be accredited, after one year of painstaking and …

Read More »