The Nigeria Civil Aviation Authority, NCAA, said it has automated procedures of Air Operators’ Certificates, AOC, processing in response to the yearnings of the industry players. A statement signed by the Director-General of Civil Aviation, DGCA, Capt. Musa Nuhu said electronic processes for AOC acquisition has been adopted and all intending airlines and existing carriers…
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Customs Service (NCS) have pledged to join forces in tackling illegal mining activities in Ekiti, Oyo and Osun States. EFCC Spokesperson, Wilson Uwujaren, said this in a statement on Friday in Abuja. The statement said that the two agencies made the commitment in Ibadan, when…
The Nigerian National Petroleum Company Limited, NNPCL, said it will help ease the forex crisis with a $3 billion emergency crude oil repayment loan from the African Export-Import Bank. It said the loan would be used by the oil company to support the Federal Government in stabilising Nigeria’s exchange rate. It was also gathered that…
The Manufacturers Association of Nigeria, MAN, has blamed the decreased in value of goods produced in 2022 on high inflationary pressure, high interest rates, multiple taxation, high energy costs, forex illiquidity, shortage of raw materials, among others. The harsh economic environment pushed the value of manufacturing production down to N6.67tn in 2022 from N7.39tn in…
We’ll withdraw court cases, says Darma
Organised labour has suspended nationwide protests and proposed strike against the removal of fuel subsidy following the promise by President Bola Tinubu to fix refinery before the year ends. President Tinubu has pledged to the Labour leaders that the Port Harcourt refineries will start production by December 2023 after the completion of the ongoing rehabilitation…
BUA Foods has recorded N95.2 billion profit after tax at the end of June 2023 representing 142.24 per cent increase compared to N39.3bn as of the same period in 2022. The company disclosed this in a statement on its earnings on Tuesday. The firm, which deals in the production of sugar, flour, pasta, rice and…
The Corporate Affairs Commission, CAC, says it will strike off one hundred thousand companies that have failed to file annual returns in the last ten years. The Registrar-General of the CAC, Garba Abubakar, in a statement, said this while speaking at a Training Workshop on the Use of the Beneficial Ownership Register, BOR, in Lagos….
The Federal Government said it has mobilised more than half a billion dollars for an innovative, profitable, equitable and sustainable food system transformation initiative. Olusola Abiola, Director, Information, Office of the Vice President, in a statement, said that Vice President Kashim Shettima made this known while chairing a high-level meeting on the first day of…
More pains as maize price rises
