FEDERAL Government has urged banks to re-strategize on their risk management methods in the sector as the use of huge intervention funds may not be sustainable in the financial system and would increase their weaknesses. Vice President, Yemi Osinbajo, who spoke at the Nigeria Deposit Insurance Corporation’s 30th anniversary lecture/book …
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THE International Civil Aviation Organisation (ICAO) has appointed Engr. Charles Irikefe Erhueh, a safety investigator with Accident Investigation Bureau (AIB) Nigeria, as the new Commissioner of the Banjul Accord Group Accident Investigation Agency (BAGAIA). Erhueh was picked after a thorough recruitment process in which various applicants from within and outside …
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AFRICAN investor and philanthropist, founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA), Tony O. Elumelu has charged entrepreneurs to embrace hard work, discipline and sacrifice on their entrepreneurial journey to success. Addressing young Cape Verdean entrepreneurs at the Youth Konnekt yesterday in a Forum …
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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 …
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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 …
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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, …
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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 …
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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 …
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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 …
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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 …
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Nigerian Flight Deck Travel and Business Reportage 