A report of THISDAY Newspaper’s market survey just published indicates that the pump price of diesel has dropped by over 30 per cent between February and June 2017, following the fluctuations in forex and international crude oil prices As a deregulated product, the price of diesel is controlled by the market
Author: Casandra Aniemeke
Domestic gas supply steps up to boost electricity output
The NNPC, Nigeria National Petroleum Corporation, has stepped up domestic gas supply to an average 7.32 million standard cubic feet per day (mmscf/d). This increased volume guarantees an average supply of 689 mmscf/d to national gas-fired power plants, allowing for a total power output 3,056 MW. Daily gas supply is up by
Nigerian Airlines, others record three-year low financial performance
Airlines in Nigeria and the entire African region recorded the lowest financial performance globally For the third consecutive year, according to the International Air Transport Association’s ‘Economic Performance of the Airline Industry’ for mid-year 2017. The IATA report, which was released during its Annual General Meeting in Mexico, is semi-annual and
FAAN advises passengers to arrive airports on time
In compliance with the exective order issued by Federal Government of Nigeria, The Managing Director, Federal Airports Authority of Nigeria (FAAN) Mr. Saleh Dunoma has advised passengers to arrive airports on time due to the new screening arrangement that has been implemented. My advice to passengers is that they should come
Maritime sector strategic for investors – Rotimi Amaechi
The Minister of Transportation, Rotimi Amaechi has stated that the Nigerian maritime sector is a haven of opportunities for the world maritime industry to tap into. While Speaking at "Africa @ Nor” session at the just concluded Nor-Shipping 2017 which was held at Lillstrome, Norway recently. The Minister assured the audience
KNOW YOUR CAR LIGHTS
Modern cars come with high-tech sensors that monitor performance and to make our motoring life easier. Car breakdown can generate loss of time and resources but it seldom occurs without a warning signal. However, it can be a difficult task trying to work out exactly what that warning light flashing away on your
Compliance to Executive Orders above 70% – NCAA
....... On going websites update Aviation agencies at the Lagos airport are streamlining their operations including website updates, among others. This is in compliance to the Executive Orders given by Acting President Yemi Osinbajo. MLN observed that the Nigerian Civil Aviation Authority, Federal Airport Authority of Nigeria and the Nigerian Airspace Management
National Road Funds Bill withdrawn
National road fund bill was on Thursday 8th June 2017 withdrawn from the senate. The National Roads Fund Bill which is to help in the funding, maintenance and administration of road networks in Nigeria, will be funded through nine sources including: fuel levy of N5 chargeable per litre on any volume
FOREX Intervention by the Central Bank of Nigeria
Airlines, fuel importers, manufacturers and agriculture businesses can now buy dollars at a special market intervention, as announced by The Apex bank on Wednesday. In a notice to lenders, CBN stated that the intervention will help to clear a backlog of foreign exchange obligations now due through a combination of spot
Kenya Railways to launch online payment system
Barely few weeks Standard Gauge Rail Service was commissioned in Kenya, The railways service has planned to unveil a new online ticket payment platform by Monday Next week. This is to ensure convenience while travelling for all customers and also a relief to many passengers who had complained about the lack of