Business & Economy

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 money had been paid into the company’s foreign account for …

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 sections of the (banquet hall), Osun Hall, and Harold Kitchen …

Bi-Courtney Aviation Services Limited (BASL), operator of Murtala Muhammed Airport Two (MMA2), Lagos, has today announced the appointment of Captain Jari O. Williams as its Chief Executive Officer (CEO). In a statement by the terminal managers, this move is part of its constant quest to provide better and more efficient services and to consolidate its position as the pacesetter in …

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 to rail fares, schedules and maps of all European train …

The Federal Airports Authority of Nigeria (FAAN) has commenced the issuance of Provisional Offer of Employment Letters to successful candidates of the 2015 recruitment exercise in batches, with effect from May 16, 2016. The first batch of successful candidates being notified through text messages on their mobile phones  are expected to report to the Human Resources Department of the Authority, …

United Bank for Africa PLC, has announced five new appointments as Executive Directors, subject to the approval of the Central Bank of Nigeria (CBN), they are: Ayo Liadi, Oliver Alawuba, Ibrahim Puri;  Uche Ike and Chuks Nweke. All bring considerable experience to the Board and, as a sign of the depth of internal talent and the Group’s commitment to fostering …

United Arab Emirates (UAE) national carrier, Etihad Airways, has appointed George Mawadri as its new General Manager in Nigeria, where he will be responsible for growing Etihad Airways’ relationships with its travel trade and corporate customers while furthering the development of the airline’s commercial strategy in Nigeria. George brings a vast amount of airline experience and knowledge to the position …

President Muhammadu Buhari joined a team of investors and potentials in Katsina to woo investors into the state while assuring that Federal government will work closely with private sector in a bid to advance the course of growth and development of the country. The president made this known on May 10, 2016 when he declared the Katsina State Economic and …

The National Executive Council (NEC) of the Trade Union Congress (TUC) have  issued government a three working-day ultimate till Wednesday, May 18, 2016 to revert the pump price of Premium Motor Spirit (PMS) back to the former price of N86.50k or face a major industrial action. Federal Government on Tuesday, increased the fuel pump price to N145 per litre an …

*Airline records 56.4billion passenger, cargo capacity For the 28th consecutive year running, Emirates Group has announced profit and steady business expansion, ending the 2015-16year with record profits of  AED 8.2 billion (US$ 2.2 billion)  and in a strong position despite the global and operational challenges during this period     Released yesterday in its 2015-16 Annual Report, the Emirates Group posted an …