Business

Fear Over Nationwide Flight Cancellations As Aviation Unions Shut Down NCAA

The threatened shutdown of the operations of the Nigerian Civil Aviation Authority (NCAA) by labour unions in Nigeria’s civil aviation sector could lead to nationwide flight cancellations given the safety oversight functions of the NCAA in aircraft movements at airports within and outside the country. The labour unions had threatened to shut down the operations of the NCAA today following the expiration ...

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SNEPCo Paid N366 Billion In Revenue To Nigerian Govt In 2018

Nigeria’s foremost deep-water oil and gas company, Shell Nigeria Exploration and Production Company Limited (SNEPCo), paid N366 billion in 2018 as revenue to the federal government from its exploration activities, while it made another N2.1 billion as statutory payment to the Niger Delta Development Commission, SNEPCo’s Managing Director, Bayo Ojulari, has said. Ojulari spoke to journalists in Lagos last week ...

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Enugu Airport: EFTZ Declares Full Certification, Safety Compliance

Stakeholders in the Enugu Free Trade Zone (EFTZ) have declared willingness to work with the Ministry of Aviation in addressing all concerns over the proximity of one of the units of the free zone with the Akanu Ibiam International Airport. Enugu Power Free Zone Company (Enpower FZC) which manages the facility development stated in a media release weekend that the ...

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Why It’s A Good Idea For Businesses To Accept Bitcoin

Many businesses grapple with decisions on whether or not to add modern payment systems like Apple pay, Square, PayPal, or cryptocurrency to their payment options. Cryptocurrencies like Bitcoin have brought in a whole new disruption to the financial sector. Choosing to accept Bitcoin means much more than just adding a new payment processor. There are significant benefits that come with ...

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Okonkwo Returns To Unizik Business School

By Achilleus-Chud Uchegbu After several years as a business pioneer and creator of opportunities, Chief Executive of Nigeria’s iconic entertainment hub, The Dome Entertainment Limited, High Chief Obiora Okonkwo, returned to the Nnamdi Azikiwe University Business School, better known as Unizik Business School, on Friday May 10, 2019, not as an executive student, but lecturer to share his thoughts on ...

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Expect Fuel Price Increase, Rewane Alerts Nigerians

Fuel subsidies are a huge drain on government’s revenue, says the Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane. Hence, he warned that Nigerians should brace up for a fuel price increase. Making a presentation at the Lagos Business School Breakfast Session recently,  Rewane noted that the World Bank put Nigeria’s total subsidy bill in ...

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Shell Targets Equivalent Of 2,400MW Electricity From New Gas Supply Project  

The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4 million homes, Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Osagie ...

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Lagos Launches Cyber Security Toolkit For Small Businesses

The Lagos State Government on Friday announced the introduction of a cyber security toolkit for small business, a free online resource that small businesses can use to significantly reduce their cyber risk and curtail incidences of cybercrime. The toolkit, which is a joint effort between the State Ministry of Justice and the Global Cyber Alliance (GCA), is an international, cross-sector ...

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We’ll Revolutionise Way People Procure Branded Items For Their Business – Creative Brands MD

Nicholas Markovitz is the Managing Director of Creative Brands in Nigeria. The South African corporate and promotional gifting company is barely two weeks old in Nigeria. In this interview with NewsProbe, Markovitz says though there are safety and other concerns with regard to investing in Nigeria, they are not scared in taking some risks. To him, the excitement of being ...

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First Online Marketplace For Cars Launched In Nigeria

AfriCarGroup, part of Emerging Classifieds Ventures, an Australian start-up, leader in operating online marketplaces for cars and real estate in early stage emerging markets around the world, managing more than 110 websites in 90 different countries, has launched the first online marketplace for cars in Nigeria, called Carnaija.com. The online website allows local individual sellers as well as car dealers ...

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