Nigeria loses $25b to foreign ship owners

The Executive Secretary of Nigerian Shippers Council (NSC), Mr Hassan Bello, has said Nigeria lost $25 billion to foreign ship owners between 2015 and 2017. Bello disclosed this when the Nigerian Fleet Implementation Committee paid […]

Major Fraud rocks CBN, NNPC Joint Venture payments

Critical stakeholders’ active involvement in mind-boggling fleecing of Nigeria’s hard-earned resources amounting to over N1trillion has been exposed. The deals are made under the pretext of Joint Venture Cash Call payments to international and local […]

Fuel Subsidy to Exceed $3.85bn Estimate – Report

A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international […]

Aviation unions suspend strike

Aviation unions under the umbrella of Air Transport Services Senior Staff Association of Nigeria, the National Union of Air Transport Employees and the National Association of Aircraft Pilots and Engineers have called off their strike […]

DAY 2: Airport workers’ strike bites harder

The strike at the Murtala Muhammed Airport 2 (MMA2), Lagos, enters its second day and the bite has forced airline operators to make alternative arrangements to fly passengers. Aviation unions continued their picketing of the […]

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