The Nigerian Civil Aviation Authority (NCAA) will present the Air Transport License (ATL) to the interim management of Nigeria Air, the country’s proposed national carrier, today. The Ministry of Aviation posted this on its official social media pages on Sunday. The ATL certification precedes the Air Operator’s Certificate (AOC) which …
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The majority of the foreign airlines operating in Nigeria have continued to operate from the old terminal at the Murtala Muhammed International Airport, Lagos. This is as they declined the order of the Federal Government to move their operations into a newly built terminal. The new terminal, built by the …
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The Olubadan of Ibadanland, Oba Olalekan Balogun, has commended Henkel Nigeria on its various initiatives to develop and sustain the country’s economy through its local employment initiatives. During his visit to the Henkel plant in Ibadan, the Olubadan said Henkel has demonstrated its commitment to Nigeria’s industrial base development by …
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The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria. This decision is contained in a Public Notice, signed by its Executive Chairman, Muhammad Nami, where the tax authority …
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The Central Bank of Nigeria (CBN) has mandated the enrolment of other financial institutions (OFIs) on the credit risk management system (CRMS). The directive was given by CBN in a circular recently published on its website and signed by Chibuzo Efobi, director, financial policy and regulation department. CRMS is the practice …
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Russia’s Gazprom on Wednesday revealed that its gas exports to countries outside of the former Soviet Union dropped by more than a quarter year-on-year between January and May after losing several European clients. According to a statement released by the energy giant, exports to countries outside the region totalled 61 billion …
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RedBird Capital Partners, a US investment firm, has agreed to buy Italian soccer champions AC Milan for 1.2 billion euros ($1.3 billion). The new owners have set the goal: AC Milan must once again compete with the best in Europe. Current owners Elliott, a private equity firm based in the …
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MOJEC Meter Asset Management Company (M3AC), has continued its metering drive with the Nigeria Electricity Regulatory Commission (NERC) approved Mobile Meter Access Provider (MAP) scheme, as it partners with the Jos Electricity Distribution Plc to take meters to customers within the Disco coverage area and end the menace of estimated …
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The electricity industry around the world is moving to a digitalized system, which is a drive borne out of the increase in technology and human curiosity to probe and know the digital truth. Hence, the introduction of Smart Meters. Smart meters allow users access to data that empowers them with …
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President and chief executive officer (CEO) of Dangote Group, Aliko Dangote has stated that his oil refinery will promote Nigeria’s prospects of transforming into a regional refining hub. This was made known by Dangote while speaking at the 2022 Nigerian Content Midstream and Downstream Oil and Gas Summit which was …
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