Oil Revenue Decline Raises Concern over 2014 Budget
The decline in Nigeria’s crude oil revenue this year may negatively affect the budget framework for 2014, a report has stated. The report noted that this might make the...
FRC Urges More Firms to Adopt IFRS
The Financial Reporting Council of Nigeria (FRC) has advised more organisations in the country to adopt the International Financial Reporting Standards (IFRS) to boost the country’s development and attract foreign...
Union Dicon Shares Rise Further at Stock Market
In line with its resolve to continue to defend the naira, the Central Bank of Nigeria (CBN) sold a total of $2.40 billion to dealers at its regulated Retail Dutch...
Oando Partners RMB, Stanbic IBTC on N28bn Office Project
As part of efforts to boost its assets base and deliver value to shareholders and other stakeholders, Oando Plc has entered into a partnership with Rand Merchant Bank (RMB) and...
Penchant for Expatriates May Stunt Aviation Growth
The Nigerian aviation sector may witness weak growth as indigenous airlines spend substantial portion of their resources on expatriate pilots and engineers. This is more so because apart from devoting...
FG Approves Special Economic Summit to Unbundle Abuja
The federal government has approved a special Abuja Economic Summit for unbundling the huge economic and investment potentials of the Federal Capital Territory (FCT). The event will also serve...
Customs Destroy N600m Seized Drugs in Katsina
The Nigeria Customs Service (NCS) and NAFDAC, Kaduna/Katsina Area Command, have jointly destroyed seized drugs worth N600 million in Katsina. Speaking at the destruction of the items, the Kaduna/Katsina...
Muhammed: Why Nigerian Airlines Fail
The high cost of procuring aircraft and the inability of Nigerian operators to lease aircraft due to bad reputation of not paying for leased aircraft have been identified as...
Discovery Airways Begins Operations December
In spite of the challenges besetting domestic air operations in Nigeria, new airlines are poised to join the market. The latest airline, Discovery Airways, which will begin operations middle of...
AON Pledges Cooperation against New Charges
The Airline Operators’ of Nigeria (AON) has said that the association would take a common stand on the new charges imposed on non-scheduled operators by the aviation parastatals. Speaking to...