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SAHCOL Goes Public, Launches IPO of 406,074.000

Aviation handling company, Skyway Aviation Handling Company ( SAHCO) Plc has launched an initial public offer for sale of N406, 074, 000 with effect from November 12, 2018. At the announcement and signing ceremony of the offer in Lagos, the stakeholders said they were divesting 49 percent equity to the …

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NLC strike: Dana Air Plans Free Reschedule, Reroute for Passengers

As fever of impending strike begins to loom at the Nigerian aviation sector, Dana Air has assured its guests of its plans to ensure that they do not bear the impact of the imminent action by the Nigerian Labour Congress, NLC, scheduled to commence from midnight, 6th of November, 2018. The …

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Four SAN to Defend MTN inN8.1bn Forex Remittance Case

The Federal High Court in Lagos has fixed December 4, 2018 for hearing in the suit filed by MTN Nigeria Communications Limited to challenge the  $8,134,312,397.63 being demanded from it by the Central Bank of Nigeria over alleged forex remittances infractions. At the Tuesday proceedings in the case, MTN was …

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First Bank Rewards Customers with Free Fuel on Weekends

It is boom for First Bank customers carrying the Verve Card as the financial institution has come up with a incentive to put smiles on their faces every weekend Under a newly initiated promo, FirstBank, the Nigeria’s premier financial institution will be rewarding customers for Verve Card usage in its …

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Bi-Courtney Bows to Labour’s Demand, Recalls 27 Sacked Workers

At last, the management of Bi-Courtney Aviation Services Limited (BASL) operators of the Murtala Muhammed Airport Terminal Two (MMA2) has finally bowed to the pressure of agitating aviation unions who have been protesting what they termed the unlawful sack of 27 of their members. BASL management and the rampaging union …

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Despite Bailout, 17 States Still Owe Pensions, Salaries – Survey

A civic organization focusing on  transparency and accountability, BudgIT has expressed concerns over failure of some states to pay pensions and salaries of civil servants despite huge bailout funds granted them by the federal government. A press release signed by its Communications Lead, Ayomide Faleye on Sunday  said: “BudgIT, worried …

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CBN May Reduce MTN’s $8.1bn Fine – Emefiele

There are indications that some reprieves may come the way of MTN Group as Nigeria’s Central Bank Governor, CBN, Mr. Godwin Emefiele,  said its $8.1bn claim against the telecommunication company may be reduced after the telecoms giant and its bankers provided more documents which could help resolve the stalemate surrounding …

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FG Releases N22.68b to Pay Ex-Nigeria Airways Workers

The Federal Government has ordered the Ministry of Finance to immediately release the sum of N22.68 billion for the payment of severance package of former workers of the liquidated Nigeria Airways Limited. This is 50 percent of the N45 billion earlier approved by the Federal Executive Council (FEC) on September …

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Airline Operators Hail FG Over Suspension of Nigeria Air Project

The Airline Operators of Nigeria (AON) has commended the Federal Government for suspending the planned National Carrier Project, saying it is in the interest of the nation. In a statement, Chairman of AON, Captain Nogie Meggison commended the Federal Government  for heeding earlier calls for a rethink of the decision …

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TSC Remittance: NCAA Issues Lufthansa, others December 31 Deadline

NIGERIAN Civil Aviation Authority (NCAA) has given 31st of December, 2018 deadline to all the Foreign Airlines that are yet to integrate on the Avitech platform for the remittance of five percent [5%] Ticket Sales Charge/Cargo Sales Charge[TSC/CSC] to do so or face severe sanctions. Foreign airlines directly referred to are …

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