The National Union of Air Transport Employees (NUATE) has petitioned the Minister of Aviation, Festus Keyamo over what it called mismanagement of assets belonging to Aero Contractors by the Asset Management Corporation of Nigeria (AMCON) . The immediate past General Secretary of the union, Olayinka Abioye in an open letter to the Minister dated September
Access Bank has secured the top spot as Nine top commercial banks in the country recorded massive growth in their total assets in the first half of 2023 despite the fluctuating economic landscape in Nigeria. According to data gathered from the audited financial statement submitted to the Nigerian Exchange by the banks for the first
The Federal Government has approved AIM Logistics Limited to operate as an Export Processing Terminal (EPT) to facilitate seamless cargo and logistics trade in the country. The EPT, which is located on Lagos/Sagamu expressway, received the approval letter signed by the Nigerian Ports Authority (NPA) after an inspection of the facility. The Managing Director, NPA,
Stakeholders are worried about rising plastic and non-degradable wastes generated yearly in the country, stressing that they are threatening marine transportation and life at sea. They lamented that despite the enactment of the International Convention for the Prevention of Pollution from Ships (MARPOL) 50 years ago with Nigeria ratifying and domesticating it, there have been
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso takes over the daunting job of breathing fresh life into the monetary system, experts have charged him to work closely with the fiscal authority. A professor of capital market at the Nasarawa State University, Prof. Uche Uwaleke said the CBN governor should work closely with
Customs Area Controller of Tin Can Island Port command, Dera Nnadi says the command is faced with the big task of achieving 48 per cent of the N800 billion revenue target for the year in the remaining months to the end of 2023. Nnadi stated this as he assumed duty as the 20th area controller
The Minister of Agriculture and Food Security, Senator Abubakar Kyari has signed a Memorandum of Understanding on behalf of the Federal Government with Cuba on food security and agriculture advancement at G77 + China Leaders’ Summit. The Expression of Interest (EOI) is a historic journey to strengthen the ties between Nigeria and Cuba in the
West and Central Africa’s largest carrier, Air Peace airline has announced the commencement of direct flights from Lagos and Kano to Jeddah in Saudi Arabia on October 31, 2023. The airline disclosed this during an engagement session with travel agents in Kano on September 12, 2023. According to the airline, the Lagos-Abuja and Kano-Jeddah will
Nigerian fintech company Flutterwave have planned a $50 million (Ksh7.3 billion) investment in Kenya as it pushes for a payments and remittances licence in the country. Flutterwave Chief Executive and Co-founder Olugbenga Agboola said in an interview in Nairobi that the firm has received first-name approval from the Central Bank of Kenya (CBK) and stands
Kwik, a fast-growing digital platform for logistics services has announced the launch of KwikShelf, its first on-demand e-commerce fulfillment center in Lagos. KwikShelf is a 1,1250 sqm facility located in Iddo House, Oyingbo in the center of Lagos opening this September. From this safe, secure, and central location, Nigerian merchants will be able to book
