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Forex scarcity hampering airlines’ operations, says Onyema

Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume operations. Chairman and Chief Executive Officer of the airline, Allen Onyema who said this in a statement titled ‘Air Peace reaffirms its order of Boeing 737MAX’ also said that foreign exchange scarcity was inhibiting the...

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Pilot union faults Azman’s move to hire expatriates

The National Association of Aircraft Pilots and Engineers has frowned on Azman Air’s move to replace sacked Nigerian pilots with six expatriates. In a statement titled ‘NAAPE commends patriotic and professional NCAA suspension action taken against Azman Air,’ and signed by its National President, Abednego Galadima, the union applauded the oversight of the Nigerian Civil...

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Why we grounded Azman’s Boeing aircraft, by NCAA

The  Nigerian Civil Aviation Authority says it suspended operations of all the Boeing 737 aircraft in the fleet of Azman Air Services Limited for safety  concerns. The regulatory body said this on Friday in a statement titled ‘NCAA puts the record straight on Azman Air suspension’. The statement signed by the General Manager, Public Relations,...

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Sirika seeks private sector support for aviation infrastructure

Minister of Aviation, Hadi Sirika, has stressed the need for Nigeria to attract private investors that will support the funding of aviation infrastructure in the sub-region. Sirika made the call while speaking virtually on Thursday at a high-level ministerial meeting on air transport in West Africa. He said the support was imperative for air connectivity....

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Maritime stakeholders lament lack of access roads

Maritime stakeholders have decried the deplorable condition of access roads into the ports. The stakeholders who spoke at the African Continental Free Trade Area implementation engagement series on road transportation which held on Wednesday asked the government to expedite action on the access roads to enhance trade. The National President of the Chartered Institute of...

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Group raises alarm over abandoned N50bn floating dock

A group, the Association of Marine Engineers and Surveyors, has raised the alarm over the abandonment of the floating dry dock belonging to the Nigerian Maritime Administration and Safety, saying the N50bn asset had no insurance cover. AMES also disclosed that the floating dry dock was no longer seaworthy at the moment and may likely...

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Security in Nigerian waters now critical, says Report

Security in Nigerian waters has been assessed as critical following the occurrence of two piracy events in the past two weeks. According to reports by global risk intelligence partner, Dryad Maritime, 15 crew members of a Maltese vessel named MT DAVIDE B were kidnapped 213 nautical miles of South Cotonou on March 11. The Dryad...

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SIFAX acquires new trucks to boost capacity

SIFAX Logistics Company Limited is set to increase its operational capacity through the injection of 25 new trucks to boost its operations. A statement titled ‘SIFAX Logistics expands haulage capacity, acquires 25 new trucks’, and signed by Corporate Communications Officer, Philips Ojo, said it was to boost the firm’s capacity. General Manager, Haulage, Adewale Adetayo,...

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Ardova sets up N60bn bond programme

Ardova Plc has notified the Nigerian Exchange Regulation Limited and the general public of the establishment of a N60bn bond programme by the company and the potential issuance of series of bonds under the programme. The board of directors of the oil firm in a resolution dated February 25 resolved to recommend the proposed transaction...

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Vitafoam appoints new director

The Board of Directors of Vitafoam Nigeria Plc has approved the appointment of Abdul Bello as independent non-executive director. According to a notice filed by the firm with the Nigerian Stock Exchange, Bello’s appointment is effective March 4. Bello would be succeeding Mohammed Alkali who retired from the position of independent non-executive director effective January […] Read Full Story

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Sterling Bank appoints two directors

Sterling Bank Plc has announced the appointment of Ankala Prasad and Paritosh Tripathi as non-executive directors in replacement of Ramesh Rajapur and Grama Narasimhan on the board of the babk. According to a regulatory notice filed by the firm at the Nigerian Stock Exchange, the appointments are subject to the approval of the Central Bank […] Read Full Story

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Page Financial gets ACCA certified recognition

Page International Financial Services Limited has become an approved employer of the Association of Certified Chartered Accountants in professional development and trainee development. The ACCA approved employer status is awarded to organisations that offer professional development opportunities to their finance professionals and that demonstrate superior professional ethics, according to a statement titled, ‘Page Financials becomes […] Read Full Story

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Navy begins court-martial of 13 officers over civil offences

 Thirteen persons consisting of officers of the Nigerian Navy on Friday appeared before a court-martial panel over offences bordering on economic sabotage. The naval personnel included a captain, commanders, lieutenant commanders and a sub-lieutenant. The others were ratings, including a female alleged to have connived with others to commit the offence. Saturday PUNCH however gathered […] Read Full Story

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Lagos to close Falomo Bridge for six weeks

The Lagos State Government has announced the closure of the Falomo Bridge for repair works following the Federal Government approval for six weeks from Sunday, 14th March to Friday 30th April, 2021. In a statement released by the state’s Ministry of Transportation on Friday, the Commissioner, Dr Frederic Oladeinde, stated that the repair works would […] Read Full Story

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Manufacturers unable to access CBN’s N1tn stimulus facility —MAN

Joseph Olaoluwa The Manufacturers Association of Nigeria has lamented the difficulty in accessing the Central Bank’s N1tn COVID-19 Stimulus for Manufacturing and Import Substitution, 2020. Its Director-General, Segun Ajayi-Kadir, in a position paper titled, ‘Comment of MAN on CBN intervention fund for manufacturers and naira 4 dollar scheme,’ and received Thursday said members had not […] Read Full Story

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Stakeholders laud NSE as exchange completes demutualisation process

Joseph Olaoluwa Stockbrokers have lauded the Nigerian Stock Exchange on the completion of its demutualisation process. This followed final approvals of its demutualisation plan from the Securities and Exchange Commission and the Corporate Affairs Commission. The exchange disclosed the completion of the process on Wednesday in a statement titled ‘NSE completes demutualisation – SEC and […] Read Full Story

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NIMC charges citizens to report corruption among staff

Joseph Olaoluwa The National Identity Management Commission has asked citizens to report any form of extortion and unwholesome practices among its staff through official platforms or by lodging complaints via its website. The NIMC in a statement titled ‘NIMC kicks against extortion and other vices’, signed by its Head, Corporate Communications, Kayode Adegoke, reiterated its […] Read Full Story

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NIMASA trains 788 seafarers to improve port handling

Joseph Olaoluwa The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, has described seafarers as the lifeblood of shipping. Jamoh stated this at the graduating ceremony of seafarers under the Nigerian Seafarers Development Programme in Lagos, according to a statement signed by its Head of Corporate Communications, Philip Kyanet, and emailed […] Read Full Story