Other Business News

HERITAGE Bank Plc has closed down an Experience Center- EC (branch) at Allen Avenue; Ikeja over “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made available to the press and customers, noted “in line with our emergency response plan and following regulatory practices, we have taken immediate …

ACCIDENT Investigation Bureau Nigeria (AIB-N), in line with its inter-agency collaboration agenda, signed a Memorandum of Understanding (MoU) with the Nigerian Air Force (NAF) on Wednesday July 1, 2020. In his statement to the press, Engr Olateru AIB-N Commissioner/CEO, stated that, “Our duty, as Accident Investigators of Civil Aviation, is one thing but understanding one’s needs is very critical to …

ACCIDENT Investigation Bureau, Nigeria (AIB-N) is seeking collaboration with the Nigeria Air Force (NAF) to aid in securing material evidence around aircraft crash sites from being tampered with during air mishaps. This is just as the investigative body says it has commenced the relocation of its corporate headquarters to Abuja from Lagos in line with the Ministerial directive of May …

THE Akwa Ibom state government has approved and disbursed palliatives to the owned airline, Ibom Air occasioned by a revenue loss in the region of N4bn by the airline having been grounded for over three months due to the ravaging COVID-19 pandemic. Commissioner for Information, Sir Charles Udoh, who made this known recently stated that  providing financial assistance to the …

FEDERAL Government of Nigeria has applauded Heritage Bank for being part of valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold. This is just as the partnership is set to further diversify of the nation’s …

DELTA has announced that ii will block the selection of middle seats and capping seating in every cabin through Sept. 30, 2020 at 50% in First Class; 60% in Main Cabin, Delta Comfort+, and Delta Premium Select; and 75% in Delta One to reduce the total number of customers on board.  The airline states that all middle seats will continue …

“The only Government Direct Financial Intervention may be necessary as Palliatives for the airlines staff Salaries only for three (3) months or the period the lock down lasted but this must be recoverable within 12 months or by June 2021. The Financial Palliative should be used to pay only 70% of the Staff Salaries. Those staff must be confirmed to have been registered with the National Pension Board and their pension contributions are up to date. The balance of 30% in their salaries not added should account for the period they did not pay for transport to go to work.

A 3-man team of the Standard Organizations of Nigeria (SON) inspected the 7 Star hangar facility at the Murtala Mohammed Airport Ikeja, where the company says it has invested over N100m so far on machines to aid them produce nose mask. Speaking shortly after an inspection visit by the team, the Managing director 7-Star Global Hangar, Engr Isaac Balami said …

INTERNATIONAL Air Transport Association (IATA) has announced a commitment by the airline Chief Executive Officers on its Board of Governors to five principles for re-connecting the world by air transport. IATA’s Director General and CEO, Alexandre de Juniac said the principles are: Aviation will always put safety and security first: Airlines commit to work with our partners in governments, institutions …

THE Nigerian Airspace Management Agency (NAMA) has said that its Aeronautical Information Service (AIS) automation is fully on course and has not been abandoned thus exposing its AIS personnel to the Covid-19 pandemic NAMA in a reactionary statement signed by General Manager Public Affairs, Khalid Emele said nothing can be farther from the truth explaining that the AIS Automation contract …