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Business & Economy

Emirates Group 2016-17 performance shows steady growth, profit decline

THE Emirates Group has revealed that its revenue for its half-year results for 2016-17 went up 1% to AED 46.5 billion (US$ 12.7 billion), while the group profit of AED 1.3 billion (US$ 364 million), went  down 64%, reflecting the double impact of a strong US dollar and challenging operating …

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GTBank 2016 Q3 unaudited results reports N140.84Billion profit before tax

GUARANTY Trust Bank plc has released its unaudited financial results for the 3rd quarter ended September 30, 2016, to the Nigerian and London Stock Exchanges. A review of the 3rd quarter performance shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for …

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Dana Air, NESG partner on 22nd economic summit

NIGERIAN airline, Dana Air has announced that it is partnering the Nigerian Economic Summit Group on the forthcoming Nigerian Economic Summit (NES#22), scheduled to hold from 10th to 12th October, 2016, at Transcorp Hilton Hotel, Abuja. In line with this year’s theme, the Nigerian Economic Summit 22, will provide the …

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CYON holds maiden empowerment seminar for youths

In an effort to engage and draw out the inherent potential in the Nigerian youth, and adapt them to the changing economic realities in the country presently, the Catholic Youth Organisation of Nigeria (CYON) of the Catholic Church of Ascension in conjunction with the Centre for Media Development is organizing …

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BA, Airtel partner to provide ticket discounts for customers

British Airways has entered into a strategic agreement with telecommunications giant, Airtel, in a deal that will see customers of both organizations enjoy substantial discounts off tickets purchased in the next few months. Speaking at the signing of the Memorandum of Understanding in Lagos, British Airways’ Regional Commercial Manager for …

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Delta Air Lines announces June 2016 Quarter Profit

Delta Air Lines has reported a pre-tax income of $2.4 billion for the month of June 2016 quarter. Adjusted pre-tax income for the June 2016 quarter was $1.7 billion, a $42 million increase over June 2015 quarter.  Adjusted net income was $1.1 billion or $1.47 per diluted share.

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Spectranet 4GLTE,Aero Contractors sign MoU for free wi-fi

Spectranet 4G LTE has signed a memorandum of understanding with Aero Contractors to provide free internet service to the airline’s  passengers at the Murtala Muhammed  airport 2 terminal in Lagos. Speaking during the agreement signing ceremony to mark the Milestone, Chief Executive Officer of Spectranet, David Venn, said the Spectranet …

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Ciscon MD use armed policemen to crackdown on staff for demanding 3 month unpaid salaries

Managing Director of Port Harcourt based oil and gas company,  Ciscon Nigeria Limited, Shawiey Coker today hired armed mobile policemen to harass and intimidate staff of the company for demanding payment of their salaries. The staff of Ciscon had demanded for their three months salary upon the discovery that some …

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Millions lost as parts of Lagos Airport Hotel burns down

Millions of naira was lost today as portions of the Lagos Airport Hotel, located on Awolowo Way, Ikeja was earlier today engulfed in flames. As at the time of posting this report, the reason for the fire has yet to be determined but rooms 270, 271, 273 and the entire computer …

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PassageGold launches Rail Europe GSA in Nigeria

Passagegold Travel Agency Limited has been appointed Rail Europe GSA in Nigeria for the exclusive distribution of rail tickets and rail passes covering over 11,000 routes in 28 countries within Europe including non-European rail products in Canada, Australia, Japan and South Korea, thereby offering Nigerians a one-stop shop for access …

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