Banking. Revenue. TechnoBiz
The Federal Airports Authority of Nigeria (FAAN) on Monday urged air travellers, drivers and other airport users, particularly those at the General Aviation Terminal (GAT), Lagos, to strictly comply with laid down protocols on COVID-19 pandemic control to ensure safety of all airport users natiowide. The Authority, in a statement by its General Manager, Corporate […]
The Nigerian Civil Aviation Authority (NCAA) on Tuesday announced the suspension of Azman Airlines from operating in the nation’s airspace with immediate effect. The industry standards regulatory agency hinged its action on series of safety incidents involving the airline, especially its Boeing 737 aircraft. Confirming the suspension of the airline, the Director General of NCAA, […]
President Muhammadu Buhari on Tuesday disclosed that the Federal Government would provide only 15 percent of the $3.2bn funds for reconstruction of Port Harcourt-Maiduguri railway line with the balance to be provided through loans from a consortium of Chinese partners, led by Messrs CCECC Nigeria Limited The project has new branch lines to Owerri, Imo […]
Tracka, an arm of BudgIT, has raised concerns over the allocation of over N59 Billion to empowerment projects of the N100 billion 2021 Zonal Intervention Projects (ZIPs) nominated by members of the National Assembly. It is discouraging that elected representatives have consistently nominated empowerment projects that add less value and impact on citizens’ welfare thereby […]
The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday advised motorists and other fuel users in the country against panic buying as fuel queues resurfaced at the weekend to in Abuja and Lagos. Investigations by BRTNews.ng on the downstream market situation both in Lagos and Abuja showed […]
International Airlines Group, British Airways, one of the world’s biggest airlines, on Friday reported the biggest loss in its history as the COVID-19 pandemic closed borders and took huge toll on its flight revenues in 2020. The airline group, which also owns Iberia, Vueling, and Aer Lingus, reported a post-tax loss of €7.4bn loss in […]
The Federal Airports Authority of Nigeria (FAAN) late Tuesday night announced the temporary closure of Runway 18R/36L at the Murtala Mohammed Airport, Lagos. A statement by the agency’s General Manager, Corporate Affairs, Mrs. Henrietta Yakubu, linked the closure “to a landing incident involving a Boeing 737 Azman Air aircraft with registration 5N SYS, and flight […]
Chinese automotive industry regulators on Monday summoned Tesla, the world’s leading electric car manufacturer, over quality and safety issues as the company ramps up production of its latest model in its Shanghai factory. China is the second largest Tesla’s market after the US and the electric car company sold 120,000 units the country last year. […]
There are strong indications that petrol pump price per litre and may be hiked within the next two weeks as the Federal Government is considering a 20 percent adjustment in the cost of freighting petrol across the country. The move, which is part of measures by the fiscal authorities to boost the revenue of transport […]
The Agency for Air Navigation Safety in Africa and Madagascar, ASECNA, the Nigerian Communications Satellite Ltd, NIGCOMSAT and Thales Alenia Space, joint venture between Thales (67 %) and Leonardo (33 %) joint efforts to accelerate Satellite-Based Augmentation System (SBAS) development for aviation in Africa. Following the broadcast of a SBAS signal over Africa & Indian […]