The Federal High Court in Lagos has ruled that Ethiopian Airlines was not competent to bid for Nigeria Air, the proposed national carrier project of Nigeria. The court also ordered the payment of N2 billion in damages to the Airline Operators of Nigeria (AON) and other plaintiffs for the harm they suffered due to their […]
Category archives: Business
PalmPay Advocates Collaboration and Innovation for Financial Inclusion
PalmPay, a leading Africa-focused fintech platform, emphasizes the importance of collaboration and innovation among banks and fintech companies to enhance financial inclusion, especially in underserved areas. This message was delivered by Chibuzor Melah, Head of Partnerships at PalmPay, during the Nigeria Fintech Forum in Lagos. Melah highlighted that PalmPay’s success over the past five years […]
Zenith Bank: A Leader in Dividend Payouts and Financial Growth
Zenith Bank continues to solidify its position as a top-performing financial institution in Nigeria, particularly with its impressive dividend payouts over the past five years. Known for its financial resilience, Zenith Bank has consistently rewarded its shareholders, making it the highest dividend-paying bank in the country. The bank’s recent capital raise, aimed at supporting its […]
Atiku Urges Support for Dangote Refinery Amid Controversies
Former Vice President Atiku Abubakar has called for solidarity in support of the Dangote Refinery, amid ongoing controversies surrounding its operations. Recent disputes have emerged between the Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The refinery had alleged that the NUPRC failed to enforce the domestic crude supply obligation, affecting its ability […]
FXTM Academy to Empower Traders with Upcoming Financial Markets Seminar in Lagos
FXTM Academy, a leading financial markets education company, has reaffirmed its dedication to equipping traders with essential skills for success. The Academy announced its upcoming “Ultimate Financial Markets Trading Seminar,” set to take place in Lagos later this month. Abiola Akinyele, Executive Director of FXTM in Nigeria, emphasized the Academy’s mission to empower participants with […]
NUPRC Plans Amendment of Domestic Crude Supply Regulations
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced its intention to amend the Domestic Crude Supply Obligations (DCSO) Regulations 2023. This move is part of a broader review that includes updates to the National Data Repository Regulations. In a notice issued by NUPRC Chief Executive Gbenga Komolafe, the commission invited input from various stakeholders […]
OPEC: Dangote Refinery to Shake Up Europe’s Oil and Gas Industry
The Organisation of Petroleum Exporting Countries (OPEC) has highlighted that the Nigeria-based Dangote Refinery and Petrochemicals, the world’s largest single-train refinery, is set to disrupt Europe’s oil and gas market, particularly affecting the Northwest Europe (NWE) Gasoil sector. In its June 2024 Oil Market Report, OPEC identified the Dangote Refinery as a major new supplier […]
Nwosu-Igbo and Eromosele Promoted to General Managers at FAAN
Mrs. Ijeoma Nwosu-Igbo and Mrs. Christabel Eromosele have been promoted to General Managers at the Federal Airports Authority of Nigeria (FAAN). Nwosu-Igbo will oversee the Public Affairs Department, while Eromosele will manage Protocol and Passages. The appointments, effective June 2024, follow their successful completion of management promotion exams. Nwosu-Igbo, who has been with FAAN since […]
NCAA to Launch Consumer Protection Portal to Enhance Complaints Resolution
The Nigeria Civil Aviation Authority (NCAA) is set to introduce a consumer protection portal by the end of the year to streamline the resolution of air travellers’ complaints. Capt. Chris Najomo, Acting Director of Civil Aviation, announced this initiative during the start of a two-day training for Consumer Protection Officers (CPOs) and airline staff at […]
AON Applauds Judiciary’s Decision to Halt Nigeria Air Sale to Ethiopian Airlines
The Airline Operators of Nigeria (AON) have praised the judiciary for canceling the sale of Nigeria Air to Ethiopian Airlines, calling the move a victory for truth. They also commended the new Minister of Aviation, Festus Keyamo, for suspending the project initiated by his predecessor, Hadi Sirika. AON President, Alhaji Abdulmunaf Yunusa, noted the court’s […]