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Business & Economy

SON says non-compliant importers need to follow processes to clear consignments

STANDARDS Organisation of Nigeria (SON) has said that importers who have failed to comply with the pre-shipment processes are the only ones complaining on accumulation of demmurage on their consignments. This is just as the SON discredited claims by one Kayode Farinto over purported collapse of its online application portal for the operation of the offshore Conformity Assessment Program (SONCAP) …

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Air France, KLM, Delta and Virgin Atlantic launch leading joint venture

AIR FRANCE, KLM, Delta and Virgin Atlantic have launched their expanded joint venture which combined, is estimated at US$13 billion, offering a greater choice of routes and loyalty options when travelling between Europe, the U.K. and North America. The new partnership provides customers with more convenient flight schedules and a shared goal of ensuring a smooth and consistent travel experience, …

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Santos Aviation, 7-Star Global Hangar strike operational partnership to create jobs for Nigerians

SANTOS Aviation limited and 7-Stars Global Hangar have sealed a partnership to enable the former carry out aircraft interior refurbishment at the latter’s operational hangar, a relationship that will enable both parties create employment for hundreds Nigerian youths and reduce capital flight. This is just as a three-man team of the United States Federal Aviation Administration (FAA) were on ground …

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100 customers get N10m in ‘UBA Bumper Account’ Promo

N2m up for grabs every quarter, N100,000 monthly shopping allowance UNITED Bank for Africa (UBA) Plc on Tuesday, launched the ‘UBA Bumper Account’, a hybrid account, targeted at transforming the lives of its customers. The new account is in line with the bank’s mission of creating superior value for its stakeholders while encouraging saving cultures among Nigerians. The account, carefully …

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IATA lauds Air Peace for upholding high safety standards

HEAD of Account Management, West and Central Africa, International Air Transport Association, IATA, Dr Samson Fatokun, has commended Air Peace for upholding high standards of safety in its flight operations. Fatokun gave the commendation while presenting the third IATA Operational Safety Audit, IOSA, Certificate to the Chairman of Air Peace, Mr Allen Onyema, congratulating the Air Peace team for achieving …

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NCS appoints NOVA Merchant Bank as duty collecting bank

HAVING satisfied all the conditions set, NOVA Merchant Bank has been appointed as a designated collecting bank for Import, Excise and other duties by the Nigeria Customs Service. This will enable the Bank handle duty payments for its clients in addition to process and issue custom bonds along with guarantees on their behalf. MD/CEO, Mr. Anya Duroha said, “We are …

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UBA scales up salary to 170%, recruits 4,000, promotes over 5,000

UNITED Bank of Africa (UBA) have promoted no fewer than 5, 000 staff with up to 170% increase in their salaries and benefits with immediate effect this January. This is just as over 4000 new staff members resumed in the last week of December 2019 in a massive recruitment drive, in Nigeria alone making UBA the highest employer of labour …

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737 MAX Debacle: Boeing forces Muilenburg out as Calhoun steps in as CEO

BOEING Company on Monday ousted Chief Executive Dennis Muilenburg as the company continues its struggles with 737 MAX jetliner crisis caused by the two fatal crashes of 2019 and has appointed David Calhoun, as CEO from next year, January 13th, 2020. Boeing’s board decided to remove Mr. Muilenburg on Sunday during a 5 p.m. Eastern Time conference call following weekend …

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MMA2 unveils NCAA certified AVSEC instructors, assures of seamless operations as year winds down

OPERATORS of the Murtala Muhammed Airport Terminal Two (MMA2), Bi-Courtney Aviation Services Limited (BASL) unveiled some of its AVSEC staff who were recently certified as Aviation Security (AVSEC) Instructors by the Nigerian Civil Aviation Authority (NCAA). BASL has also assured travellers and other airport users of hitch-free flight and business operations during the yuletide season. The terminal managers had in …

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