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Business and Economy

Insufficient fuel, reason for Opebi chopper crash – AIB

THE Accident Investigation Bureau (AIB) has disclosed the causes of the air crash involving a Bell 206B III helicopter with registration mark 5N-BQW, which...

Updated: No sunny side for Nigeria as oil price tops $105 on Russia’s invasion of Ukraine

BRENT crude price hit $103 per barrel on Thursday after President Vladimir Putin ordered Russian troops into Ukraine, The ICIR's checks have shown.

Adama Adama, owner of Enadama Group, defrauds investor of over N8m, shuts down office

ENADAMA Group touts itself as one of the leading group of companies ‘building lasting solutions to solve Africa’s pertinent problems.’ To achieve the luscious goal,...
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How passenger volumes, price hike, fuel scarcity hamper Nigeria’s aviation sector growth

- African airlines lost $8.6bn in 2021 - Nigerian passengers suffer airfare hike - European countries lower travel protocols - Airlines are exploiting Nigerians - expert AVIATION stakeholders...

NNPC’s trans-shipment charges could lead to fuel price hike – Marketers

THERE are indications that the trans-shipment cost and other logistic charges recently introduced by the Nigeria National Petroleum Company Limited (NNPC) may lead to...

Labour faults IMF’s fuel subsidy advice to Nigerian government

THE Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have faulted the International Monetary Fund (IMF)''s recent fuel subsidy advice to the...
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Over 2000 lives lost to air crashes in Nigeria in 53 years – AIB

A TOTAL number of 2,038 lives were lost to air crashes in Nigeria between 1969 and 2022, according to the Accident Investigation Bureau (AIB). AIB...

Six insurance firms’ profits fell by 10% in 2021

SIX insurance firms in Nigeria have been reported to have suffered setbacks in their profits after tax (PAT) in 2021.  The firms whose financial reports...

AEDC to disrupt power supply for seven hours on Saturday

THE Abuja Electricity Distribution Company (AEDC) has informed consumers that power supply will be disrupted for seven hours on Saturday. A statement released by the...
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Why VAT can’t work in states – FIRS

THE Federal Inland Revenue Service (FIRS) has said that...