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Other Business News

Heritage Bank-Dukia Gold to enhance Nigeria’s latent 200mn gold reserve- FG

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 …

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Ojikutu kicks against monetary bailout for airlines, says direct intervention for staff salaries needed

“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.

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 SON gives 7 Star Hangar thumbs up as company spends N100m on machines

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 …

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IATA Board declares principles for industry re-start  

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 …

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NAMA debunk abandoning AIS automation project, says it has done more

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 …

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COVID-19: IAWA donates face masks, sanitizers to NAMA

PROFESSIONAL women aviators in the industry under the aegis of International Aviation Women’s Association (IAWA) in Nigeria have donated face masks and hand sanitizers to the Nigerian Airspace management Agency (NAMA) to help keep workers safe from the COVID-19 pandemic. Speaking while presenting the items on behalf of IAWA at the agency’s headquarters in Lagos, NAMA Legal Adviser, Dr Anastasia …

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UBA rewards 100 customers with N100, 000 each amid COVID 19 Meltdown

ONE hundred loyal customers of Pan African Financial institution, United Bank for Africa (UBA) Plc were rewarded with N100, 000 each in the UBA Bumper account draw. The draw, which took place at the UBA Head office on Tuesday, was held via the Facebook platform in strict compliance with social distancing rules as directed by the Federal and Lagos State …

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Bestfly secures long term contract for Angola oil and gas shuttle services

ANGOLAN fixed wing and rotary aircraft operator, Bestfly, has secured a three-year contract to support ExxonMobil’s requirements to ferry staff from Luanda to its main oil logistics base at Soyo. The contract which is for three years plus a potential two-year extension, calls for Bestfly to take the oil company workers from the Angola capital Luanda to the ExxonMobil base …

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