Business

EECON Global Services Limited, a major player in the food and beverage sector in Nigeria, has introduced a wellness product called Top More Ginger Ale drink into the Nigerian market. Top More Ginger Ale is made purely from natural herbal supplements, including ginseng and ginger extract, which act as an anti inflammatory agent needed by…

Allen Onyema is the Chairman of Air Peace, one of the youngest indigenous commercial airliners in Nigeria. In this interview with TEMILOLUWA ADEOYE, he bares his mind on the challenges facing aviation business in Nigeria, advocating policy redirection to encourage the growth of the sector.

The Central Bank of Nigeria (CBN), has defended its decision to stop the use of foreign exchange for the importation of certain goods. This is contained in a statement signed by the CBN Director of Corporate Communications, Ibrahim Mu’azu, in Abuja on Friday. The statement, which was made available to the News Agency of Nigeria…

ONE year and six months into its commercial regulation of Nigerian ports, the Nigerian Shippers’ Council (NSC) has demonstrated that the Federal Government displayed great wisdom when it appointed it into the role, as it has recorded some gains to the delight of industry stakeholders.

Etihad Cargo, the freight business of United Arab Emiratesí flag carrier, Etihad Airways, has increased its freighter services to Africa with the launch of a cargo service from Abu Dhabi (AUH) to Maya Maya Airport, Brazzaville (BZV), in the Republic of Congo.

Despite the protest of the National Union of Air Transport Employees, (NUATE), against the planned outsourcing of the passenger documentation in Air France/KLM, the airline has gone ahead to implement the new policy. The airline in a statement by its Corporate Communications manager, Olufunmilayo Ojesina stated that the airline had decided to outsource its passenger…

Nigerian Civil Aviation Authority (NCAA) has approved the recent cargo tariff increase introduced recently by the Nigerian Aviation Handling Company Plc (NAHCO Aviance). NAHCO and clearing agents under the aegis of the Association of Nigeria Licensed Customs Agents (ANLCA) and the National Association of Government Approved Freight Forwarders (NAGAFF) had agreed to a 20 percent…

Caverton Offshore Support Group PLC (COSG), a leading provider of marine, aviation and logistics services to local and international oil and gas companies in Nigeria has announced that Shell Petroleum Development Company (SPDC) has exercised contract extension options with its subsidiary, Caverton Helicopters Limited for a two year period.† †Caverton won a five-year contract with…

Nigeria is inching towards becoming a centre for international trade and a major cargo hub in Africa with the warehouse facilities being developed by Skyway Aviation Handling Company Limited (SAHCOL) at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. This effort by SAHCOL to be the leading warehousing and ground handling operator in West African…

CHINA'S stock markets plunged in the final hour of trading, as a series of government measures to prop up share prices once again proved to have little enduring effect. The Shanghai and Shenzhen markets had seemed to recover on Tuesday afternoon and Wednesday morning after Chinese government agencies, companies and trade groups issued upbeat statements.…

EUROPEAN shares extended gains after a report that Greece was ready to accept most conditions from its international creditors to clinch a debt deal. The Financial Times, citing a letter Alexis Tsipras sent to the heads of the European Commission, the IMF and the European Central Bank, reported the Greek prime minister will accept all…

NASD OTC PLC has announced that the platform has recorded a transaction volume of N2billion as at December 2014. The volume of transaction, according to the firm is however, higher than N1 billion achieved as at September 2014. The number of participating institutions and authorized trader also rose from 86 to 140. The Chairman of the…