Airlines owe NCAA, FAAN N42 billion, $7.8 million for charges, services rendered
Debts owed the Nigerian Civil Aviation Authority (NCAA) by indigenous airlines on the statutory 5 per cent Ticket Sales Charge and Cargo Sales Charge (TSC/CSC)
Author : Yunus Yusuf
Power sector challenges hindering privatisation dividends
Organisers of this year’s power sector awards have stated that the challenges facing the sector are hindering it from delivering on the benefits of privatisation
IATA okays release of $265m, urges foreign airlines to stay
Emirates reverts withdrawal notice International Air Transport Association (IATA), yesterday, applauded Nigeria’s decision to release $265 million of foreign airlines’ funds stranded in the country,
‘Implementation of PIA key to weaning Nigerians off cheap petrol’
Major Oil Marketers Association of Nigeria (MOMAN) and other players in the downstream sector have urged the Federal Government to implement the Petroleum Industry Act
Experts knock CBN, blame bank over aviation crisis
Aviation experts have advised the Central Bank of Nigeria to allow foreign airlines access to their funds. The Federal Government of Nigeria, a few days
Aviation crisis: Airlines cut workforce, Dana mulls resumption
Domestic airlines have continued to cut down on their workforce as the crisis in Nigeria’s aviation industry lingers, it was learnt on Monday. It was
Churches, mosques harbouring stolen crude oil products – NNPC
The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Mele Kyari, on Tuesday, alleged that stolen crude oil products are now stored
Oil loss, theft differ, stolen crude oil exaggerated – Navy
The Chief of Naval Staff, Vice Admiral Awwal Gambo, has described as unrealistic and impossible the estimated amount of stolen crude oil in the country.
Nigerian economy shrinks by N63bn, 28 sectors struggle
Twenty-eight sectors of the economy declined in the second quarter of 2022 as real Gross Domestic Product shrunk by N63.49bn quarter-on-quarter. While real GDP grew
OPEC daily basket price now at $104.85 per barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 104.85 U.S dollars per barrel as
