The Asset Management Corporation of Nigeria, AMCON, may have lost about N25 billion for taking over the debts of Aero Contractors, sources revealed. According to sources familiar with the deal the assets of the carrier worth less than N4 billion, but were overpriced. Findings revealed that AMCON after paying the huge amount of money controlled only […]
Nigeria’s largest carrier, Arik Air, has announced the resumption of flight operations to Monrovia, the Liberian capital on October 5. The resumption of flight to Liberia is coming 14 months after the airline suspended its operations to the West Africa country following the outbreak of Ebola Virus Disease (EVD) in July 2014. The decision to resume flight to […]
For millions of Nigerians, the internet has become an essential part of their everyday social and business lives; although almost taken for granted, technology has helped organisations, corporations, and individuals steer through daily life with less hitches and headaches as was the case some decades back. Social media today, as a direct offshoot of technological […]
The International Air Transport Association (IATA) on Friday predicted that airlines operating in Nigeria and other African countries would continue to experience weak growth in international passengers' traffic. This is contained in IATA global passenger traffic results for August issued by its Director-General, Mr Tony Tyler. "Adverse economic developments in parts of the continent, including […]
The Abuja Electricity Distribution Company has disconnected the Failure of the management of the Nnamdi Azikiwe International Airport, Abuja to pay its electricity bills for about 3 months has led to it’s disconnection from the power grid by the Abuja Electricity Distribution Company. The disconnection of grid power supply by the AEDC resulted in some […]
Nigeria’s largest carrier, Arik Air, on Thursday, October 1 refuted claim in some quarters that the airline is facing financial challenges. The airline said: “We would like to once again state that the airline is not under any abnormal financial or operational difficulties and wish to assure passengers of the high level of safety and customer service that […]
The Economic and Financial Crimes Commission, EFCC, has recovered and returned the sum of 10, 540 Euros to a polish victim of Internet love scam.The victim, simply identified as Jamina, was allegedly duped 40,000 Euros by the suspect, Gabriel Oseremen Xavi who operates a fake Facebook account with the name, Collins Page. The suspect was […]
Total international air passenger traffic dropped by 27.93 per cent or as much as 406,369 passengers in the second quarter of the year (Q2 2015) compared to the preceding quarter, according to the National Bureau of Statistics (NBS). It said a total of 1,048,598 passengers were involved in international air travel in the quarter under […]
Among the Yorubas of southwestern Nigeria, the head (called ori) is given a very prominentposition and particularly in the females, the hair is considered to be the crown of a woman’s beauty. Over the years, the culture-rich Yorubas have come up with various beautiful and dazzling hairstyles.Yorubas of southwestern Nigeria, the head (called ori) is […]
According to a recent World Bank report,African still lags behind in the global air service market, with less than 1 per cent share. The report reveals “Africa has less than 1 percent of the global air service market despite having more than 12 percent of the world population.” The report implies that Africa’s 12 per […]
