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Business & Economy

FAAN DFA, Aboderin entices contractors, Banks with investment opportunities

DIRECTOR of Finance and Accounts, Federal Airports Authority of Nigeria ( FAAN), Mrs. Adenike Aboderin has called on banks, insurance companies and contractors to look at areas where they can partner the agency due to its many investment opportunities.   This is just as she noted that there is great opportunity for risk asset creation for banks and job creation …

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FAAN assures of solvency as it engages banks, contractors on opportunities

FEDERAL Airports Authority of Nigeria ( FAAN) has given its assurances to its contractors and financial institutions that the agency is credit-worthy and is prepared to help strengthen the relationship between both parties in the interest of improved project financing. No fewer than nine ( 9) financial institutions met with numerous contractors at a meeting facilitated by the federal Airports …

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Emirates Group announces AED 48.9 billion half-year performance for 2018-19

EMIRATES Group today announced its half-year results for 2018-19. The Group revenue was AED 54.4 billion (US$ 14.8 billion) for the first six months of its 2018-19 financial year, up 10% from AED 49.4 billion (US$ 13.5 billion) during the same period last year. The Group saw steady revenue growth compared to the same period last year, however profits were …

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Turkish Airlines surpasses USD 1 billion profit mark in 9 months

TURKISH Airlines posted profit from main operations of USD 1 billion 149 million, in the first 9 months of 2018, despite the increasing fuel prices due to its increasing demand and unit revenues. The airline managed to increase both passenger and cargo revenue significantly, achieved a total revenue of approximately USD 4 billion in the third quarter of the year. …

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NAHCO posts impressive N7.2bn turnover in Q3 results, leverages on service; process improvements

HAVING just concluded an excellent half – year performance, the Nigerian Aviation Handling Company plc (nahco aviance) has again posted impressive Third Quarter (Q3) results with a N7.25Billion turnover while declaring a Profit Before Tax of N731.8Million. According to the figures released to the Nigerian Stock Exchange (NSE), the Company recorded an impressive N7.25Billion turnover for the nine-month period which …

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CIPP emerges from Nigeria embarks on membership drive

COUNCIL for International Protocol Professionals (CIPP) has formally inaugurated board members and is presently open to admitting members of various protocol affiliations. The group, having passed through the agenda-setting period of the body with clear mandate, has developed strategies for the expansion of the profession with the support of notable government agencies and has formally inaugurated the body on the …

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NAHCO appoints Oladapo Chairman, Oluwatoyin Non-Executive Director

NIGERIAN Aviation Handling Company Plc (nahco aviance) has announced the appointment of Mr. Sehinde Fadeni Oladapo as its Chairman, Board of Directors taking over from Arc Usman Arabi Bello, who resigned from the position on Thursday, October 25, 2018. In a notice sent to the Nigerian Stock Exchange, (NSE), the Company stated that the appointment of Mr. Oladapo, who is …

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Elumelu, others insist entreprenuership will unlock Africa’s economic development

NO fewer than five thousand (5,000) African entrepreneurs, private and public sector leaders and the broader entrepreneurship ecosystem convened in Lagos on Thursday, October 25, 2018 for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Forum. The event which is the largest gathering of African entrepreneurs in the world, is a unique opportunity for bringing together young business talent, creating dynamic …

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Capital Oil, NICON top AMCON’s list of ‘delinquent debtors’ owing N906b

ASSET Management Corporation of Nigeria (AMCON) on Monday released a list of 105 companies that it described as delinquent debtors that owe the corporation to the tune of N906, 109,840,662.99. The advertorial, AMCON noted, was the last resort as the top 105 “delinquent debtors” had failed to work out an amicable settlement of the huge debts. The list released in …

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