Customs, Finance Ministry, others rank low on transparency

The Federal Ministries of Finance, Power, Works and Housing and the Nigeria Customs Service have been rated the least transparent among government Ministries, Departments and Agencies (MDAs) in Nigeria. According to a report released by the Presidential Enabling Business Environment Council (PEBEC), the exercise tracked the performance of 46 MDAs based on their level of […]

Conoil reports N809.78m half year profit after tax

Conoil Plc, one of the nation’s major oil marketing entities, has recorded a net profit of N809.78 million in the first half of 2018 financial year. The half year report released by the Nigerian Stock Exchange (NSE) showed that the company’s turnover rose to N54.48 billion in the first half of this year, representing 21.3 […]

FEC approves N17bn for petrol tracking equipment

  The Federal Executive Council (FEC) on Wednesday approved N17 billion for the installation of petrol tracking technology in furtherance of government’s efforts to combat the menace of oil theft and bunkering in the country. The equipment, technically called – automated fuel system management and censor network, which would be delivered under the Petroleum Equalisation […]

Dangote refinery targets 650,000 barrels of crude per day

  Nigeria’s first indigenous private refinery, Dangote Refinery, has hinted of its capacity to refine about 650,000 barrels of crude oil per day when it finally becomes operational. The target, in real terms, would save over $7.5 billion the country expends annually through petrol import substitution, and will put Nigeria on the global map as […]

Shell targets industrial clusters on gas expansion drive

Shell Nigeria Plc is seeking to expand its investment in Nigeria’s domestic energy market around natural gas, with a view to reducing oil-related environmental hazards, theft, and creating jobs. The Managing Director, Shell Nigeria Gas, Ed Ubong, disclosed in an interview on Wednesday that the company was working out plans for divestment in gas, targeting […]

Ethiopian Airlines wins SKYTRAX World Airline award

Africa’s largest carrier, Ethiopian Airlines, has won SKYTRAX World Airline Award for the Best Airline in Africa for a second successive year, the airline announced today. Receiving the award, the Group Chief Executive Officer of Ethiopian Airlines, Tewolde GebreMariam, enthused: “Ethiopian is a customer focused and market driven airline. In a context of hyper competitive […]

Air Peace to open Monrovia, Abuja-Accra routes August 6

Air Peace has announced plans to commence flight services from Lagos and Abuja airports to Roberts International Airport, Monrovia and from Abuja to Kotoka International Airport, Accra effective 6th August this yea.r A statement issued by the airline’s Corporate Communications Manager, Mr. Chris Iwarah, indicated that the new routes were part of the third phase […]

Air Peace gets IOSA renewal certificate, assures travel safety

Air Peace, one of Nigeria’s commercial airlines, has passed the International Air Transport Association Operational Safety Audit (IOSA) for the second time in its six years of operation, the airline announced today. The Corporate Communications Manager of the airline, Chris Iwara, said the IOSA renewal was granted on merit based on the airline’s sustained culture […]

NCAA declares zero tolerance for flight cancellations, delays

The Nigerian Civil Aviation Authority (NCAA) has declared zero tolerance to flight cancellations and delays both of which have become the practice of most airlines in the country. The agency’s General Manager, Public Relations, Sam Adurogboye, stated today that the declaration was made at a stakeholder’s forum organised in Lagos. According to him, during the […]

Med-View to declare first IPO by year end

Nigeria’s fast-growing airline, Med-View, has hinted of its plans to declare its first Initial Public Offer (IPO) at the end of this year to mark its two years of listing on the Nigerian Stock Exchange. Chairman and Chief Executive Officer of the airline, Alhaji Munir Bankole, disclosed this at a seminar organized by the League […]