South African Airways

SAA, World Airlines sign Nigeria-US flights deal

South African Airways has signed an interline e-ticket agreement with Africa World Airlines to offer Nigeria travellers seamless connection to Washington DC, USA, via Accra, Ghana. The SAA and Africa World Airlines partnership will result in one flight ticket issued to intending passengers flying to Washington from either Lagos or Abuja in Nigeria, according to […]

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Tata Car

“We May Not Invest in Upgrading all The Products” as Tata Motors Plans to stop Production Of World Cheapest Car

It was billed as the world’s cheapest car and shaped like a jelly bean — but after a bumpy 10-year-ride India’s Tata Nano is nearing the end of the road. Tata Motors, India’s top automaker, said on Thursday that it could stop manufacturing and selling the vehicle from April next year due to new safety […]

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Foreign Investors

Foreign Investors Hits N642bn From Stock Market

Foreign investors pulled out a total of N642.65bn from the nation’s stock market last year, compared to the N435.31 withdrawn in 2017, the Nigerian Stock Exchange said in a new report on Thursday. The NSE said foreign inflows into the market fell to N576.45bn last year from N772.25bn in 2017. Foreign portfolio investment outflow includes […]

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National Power Grid

Power Distribution Companies is Owing NBET N108bn in Three Months

Despite an increase in their collection efficiency, the remittance by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc for the energy received by them dropped to 27.5 per cent in the third quarter of 2018 from 31.5 per cent in the previous quarter. The latest quarterly report released by the Nigerian Electricity Regulatory […]

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Dealer in animal skin allegedly defrauds Chinese of N10m

Man Who is Animal Skin Dealer Defrauds Chinese Man of His 10m

For allegedly defrauding a China national, Feng Zhu, of N10m on the pretext of supplying him with donkey skin, Ifeanyichukwu Philips, who claimed to be a dealer in animal skin, has been arraigned by the police before an Igbosere Magistrates’ Court. Philips, who was arrested by the officers of the General Investigation Department of the […]

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Dangote and Adenuga

Forbes: Mike Adenuga and Dangote Leads African Billionaire’s List

The President of the Dangote Group, Aliko Dangote, and the Chairman of Globacom, Dr Mike Adenuga, top Forbes’ Africa Billionaires List released on Wednesday. CHECK THE BILLIONAIRES LIST However, Dangote saw his wealth drop by $2bn from $12.2bn in January 2018 to $10bn in 2019. But Dangote retained his position as Africa’s richest man for […]

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Nnamdi Azikiwe International Airport, Abuja

Abuja Airport’s New Terminal Now Open

The newly inaugurated international terminal at the Nnamdi Azikiwe International Airport, Abuja, has officially been opened for operations as Asky Airlines began operations at the terminal on Sunday. Asky Airlines’ B737-700 aircraft with flight number ET-AVP, which landed at the airport at 3:30 pm from Lome in Togo, had 91 persons on board comprising 85 […]

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