Business & Economy

FEDERAL Government on Tuesday presented the 2020 appropriation bill of N10.33 trillion to the National Assembly with the Federal Ministry of Transportation getting N123 billion, the third highest allocation. This is just as government has set aside N2.45 trillion for debt service during the 2020 fiscal year. President Muhammadu Buhari who presented the bill yesterday allocated to the Federal Ministry …

AIR ANTWERP, a new scheduled joint-venture carrier between CityJet and KLM Royal Dutch Airlines that started commercial flights on the 9th of September has joined the AeroCRS network. Air Antwerp operates currently 16 regular flights weekly using a turboprop Fokker F-50 from its Antwerp base to London City, right in the heart of the capital, saving precious time to its …

NIGERIAN representative at the International Civil Aviation Organization (ICAO) Council, Captain Musa Nuhu has been elected as the Chairperson by the Comprehensive Regional Implementation Plan for Aviation Safety in Africa and Indian Ocean (AFI Plan) Steering Committee in Montreal Canada. The election took place yesterday during the (AFI Plan) Steering Committee meeting at the ongoing 40th Session of ICAO General …

PRESIDENT Muhammed Buhari has said that the present administration aims to deliver on positive and enduring change through maintaining its National Security; restoring sustainable and inclusive Economic Growth and Development. He made this known this morning as he delivered his 59th Independence Day Broadcast speech where he declared that Nigeria as a nation will not go back to food importation …

MANAGING Director/ Chief Executive of Heritage Bank, Mr Ifie Sekibo, that while the Bank Verification Number (BVN) has been able to create a form of identification in the country, government still needs to work towards creating a credible and strong identity management towards expanding access to credit. Sekibo made this known at the 2019 Annual Conference of Finance Correspondents Association …

UNITED Bank for Africa (UBA) Plc and the Lagos Chamber of Commerce and Industry(LCCI), have assured small medium enterprises (SMEs) that the 2019 Lagos International Trade Fair will bring far reaching benefits that will help transform their businesses and take it to the next level. UBA’s Head Group Consumer Retail Business, Mr. Jude Anele, who gave this assurance on Tuesday …

ENGINEERING Automation Technology Limited (EATECH), has been awarded the International Organisation for Standardization and the International Electrotechnical Commission  ISO/IEC 17025:2017 accreditation following series of evaluations to prove it’s compliance. The firm made history at the weekend becoming the first Nigerian firm to be accredited, after one year of painstaking and rigorous subjection of the company’s laboratory, personel, and allied facilities …

FEDERAL Government of Nigeria has approved the construction of $5.3bn Ibadan-Kano standard gauge rail line. Minister of Transportation, Rotimi Amaechi, disclosed this on Thursday at the third Maritime Stakeholders’ Interactive Forum. “Just yesterday, we got the approval to complete the $5.3bn Ibadan to Kano rail project. We have also applied for funding to commence a coastal rail for the Port …

AT the just concluded Forum organised by the International Committee of the Red Cross (ICRC), key speakers Tony O. Elumelu, Founder of the Tony Elumelu Foundation and Peter Maurer, President of the International Committee of the Red Cross (ICRC) proffered entrepreneurship as the most sustainable solution to accelerating Africa’s transformation. During a one-on-one conversation at the event, both speakers called …

MAINLAND Cargo Options Limited (MCO), a subsidiary of Nigerian Aviation Handling Company (NAHCO PLC), has announced the appointment of a new General Manager/CEO, Prince Aderemi Adejobi. The new GM/CEO is widely expected to take MCO the leading clearing, freight forwarding and total logistics services company, to the next phase of its development. Adejobi holds a Master of Finance degree from …