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Foreign airlines, forex and high fares
4 days ago
It has been inscrutable why Nigeria’s population and other economic indices have not reflected in favourable international airfares out of Nigeria over the years.
Arik files N20b suit against FG, Ethiopian Airlines over proposed takeover
Owners and former management of Arik Air Limited have filed a N20 billion suit against the Federal Government and Ethiopian Airlines over the proposed takeover bid of the troubled airline.
Firm’s MD laments AMCON takeover
The Group Managing Director Of Suru Worldwide Ventures Nigeria, Edward Akinlade has cried out over the illegal takeover attempt of one of his properties by officials of the Asset Management Corporation of Nigeria (AMCON).
AMCON denies plan to sell Arik to Ethiopian Airlines
The Asset Management Corporation of Nigeria (AMCON) yesterday denied plan to sell Arik Air to one of the leading airlines in Africa, Ethiopian Airlines.
Access Bank records 42 per cent increase in gross earning
The Bank’s Profit before Tax (PBT) also showed an increase of 18 per cent from N43.9billion recorded during the same period in 2016. Profit after Tax (PAT) grew by a similar margin from N33.6billion in 2016 to N39.5billion in H1 2017.
‘Arik regains customers’ confidence with 4,000 passenger traffic daily’
Chief Executive Officer of Air Air, Capt. Roy Ilegbodu, speaks on revival operations and survival prospects of the airline six months after its takeover by Asset Management Corporation of Nigeria...
NAAPE to ground operations over sack of 600 Aero Contractors’ workers
The pilots and engineers, under the aegis of National Association of Aircraft Pilots and Engineers (NAAPE), said the strike is a protest against the sack of about 600 workers without any benefit.
Family battles AMCON, Ecobank over mortgaged property
They are seeking a declaration that the tripartite mortgage deed between Ecobank Nigeria Plc, JNC Limited and Samuel Iyiola Omotoso, is not valid, null and of no effect whatsoever.
Kuru becomes fellow of IoD
The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has been admitted as a Fellow, Institute of Directors (IoD), at the Institute’s 2017 5th biennial presidential lecture in Lagos.
NUPENG may begin strike over unpaid terminal benefits of members
NUPENG will withdraw its services from Abuja and its environs from August 10, 2017 over the refusal of AMCON to pay retrenched staff of Seawolf Oil services.
Banks-owned property up for grabs
The last is yet to be heard of the impact of recession in the country as financial institutions, especially commercial banks have begun to sell their idle landed property in major urban centres to cushion the liquidity shortage in the sector.
Court orders AMCON takeover of Gateway Portland Cement
Justice A.T. Mohammed of the Federal High Court Abeokuta Division, Ogun State, has granted an injunction against Gateway Portland Cement Limited, and Dr. Olumuyiwa Odegbami, on the application of Asset Management Corporation of Nigeria (AMCON).