BUSINESS

NNPC sues for peace in Niger-Delta

The Nigerian National Petroleum Corporation (NNPC) on Sunday vowed to continue to find sustainable solution to the challenge posed by insurgency in the Niger Delta. The NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, said this in ...

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Aero Contractors resumes flight operations today

Aero Contractors airlines on Tuesday announced the resumption of its scheduled services across the country from December 21. The airline’s Chief Executive Officer, Fola Akinkuotu, made the confirmation in a statement in Lagos on Tuesday. Mr. Akinkuotu noted that the ...

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FG, Mobil and oil unions reach agreement to end strike

The Federal Government and the ExxonMobil branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have reached an agreement to end the union’s strike. This is according to a communique signed by Mr Francis Johnson, PENGASSAN; ...

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Unions to shut down Arik Air operations from today over salary arrears

Unions in the aviation sector have directed the commencement of a joint strike at Arik Air, with effect from Tuesday, over the airline’s failure to pay seven months’ salary arrears and other anti-labour practices. The unions gave the directive in ...

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Rice Smugglers continue their business in spite of ban

The smuggling of rice through the land borders has  continued to thrive in Badagry area of Lagos State in spite of the Federal Government’s  ban on the practice. The News Agency of Nigeria (NAN) reports that markets along Badagry Expressway ...

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Lagos traders crash prices of foodstuffs

Ahead of Christmas and New Year celebrations, prices of tomatoes and pepper have reduced by 55 per cent in most Lagos markets. At Mile 12 and Iddo markets, a basket of tomatoes which previously cost N9,000 now sells for N5,000, ...

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NCAA directs Arik to return luggage of London-Lagos passengers, pay compensation

The Nigerian Civil Aviation Authority (NCAA) has given its verdict on the wrangle between the management of Arik Air and some 40 passengers who have been protesting the non-arrival of their baggage for five days since arriving Nigeria from London. On ...

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Oil price soars to $55.33 after OPEC agreement

Crude rose above $55 a barrel as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. Monday’s gains took the rally since the Organization ...

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25 Days of Awesomeness: Cash Prizes, Beats by Dre, DSTV explorers up for grabs in Cashless December

Pan-African financial services group, United Bank for Africa Plc, UBA, has announced the commencement of its annual end of year campaign, Cashless December. This year’s edition has been themed “25 Days of Awesomeness” and it seeks to reward cashless living. ...

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Custom intercepts container of ready to eat Egusi Soup, Jollof Rice, Porridge imported from India

The Tin-Can Island Command of the Nigeria Customs Service (NCS) has intercepted a 20ft container of “READY TO EAT FOODS’’ like Egusi Soup, Jollof Rice, Ogbono, Yam Porridge imported from India. The Customs Area Controller, Comptroller Bashar Yusuf, disclosed this in ...

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