Business
Tuesday, 25 September 2012 12:04
Forces Behind Fuel Scarcity
Officials of the Nigerian National Petroleum Corporation leave Nigerians guessing the real reason long queues are back at major petrol stations across the country Even President Goodluck Jonathan’s critics credit his administration for relative stability of petroleum supply, except earlier in the year when the subsidy removal saga led to queues at petrol stations. But that was resolved and the queues disappeared. Nigerians were therefore surprised when queues resurfaced in Abuja and Lagos last week. Marcus Odelola, an accountant in Lagos, expressed disappointment over the present fuel scarcity that has brought queues back to Lagos. Already, the effect…
Tuesday, 25 September 2012 11:50
Rescuing Mambilla Plateau
Threatened by decades of neglect by the federal government, the Taraba State government takes proactive steps to harness the potential of Mambilla Plateau When the federal government declared Mambilla Plateau the ultimate tourism destination in 2007, the news gladdened the hearts of residents of Taraba State. Their expectation was that the Mambilla Plateau, made up of interlocking mountains, valleys, perennial water courses, unique forestry and caves, located in Sardauna Local Government, LG, of Taraba State, would be transformed into a world-class tourist attraction that would create jobs and boost the economy of the state. But the federal government has…
Tuesday, 25 September 2012 11:22
Crippling the Aviation Industry
The nation’s domestic aviation industry is thrown into confusion as the domestic operations of Arik Air, the biggest commercial airline in the country, is suspended in controversial circumstances Barely 48 hours after the Senate committee on aviation made a case for Arik Air to be considered as the country’s flag carrier, the airline that has been operating for close to six years now, suspended its domestic operations last week. That action has now reduced the number of functional airlines in the country to two –AeroContractors and IRS airlines. With an already depleted number of airlines, and inadequate flights…
Thursday, 20 September 2012 15:47
Arik Air Resumes Operations
LATEST UPDATE ON ARIK AIR Arik Air will resume its suspended domestic operations tomorrow. This is after a meeting of the airline with aviation parastatals and ministry of aviation in Abuja. The meeting was chaired by the secretary to the government of the federation. Chris Ndulue, managing director, Arik air, said the deliberation was very fruitful. He revealed that there was no discussion of any payment plan and it was clear at the meeting that Arik Air has been paying its dues to the agencies and would continue to pay. "There was really no need for the situation. The…
Thursday, 20 September 2012 14:30
Arik, Nigeria’s biggest Airline grounded
Femi Falana, senior advocate of Nigeria, SAN, was among the hundreds of passengers stranded at the general aviation terminal, GAT, of the murtala Mohammed airport, Lagos, this morning, as they were denied boarding their already booked flights on Arik Air. As early as 5a.m, aviation unions had taken over the gates of the agencies, making it impossible for workers to gain entry into their respective offices. The unions are protesting the indebtedness of Arik Air, which they claimed amounts to N18 billion. Benjamin Okewu, President, Air Transport services senior staff association of Nigeria, ATSSSAN, in a statement,…
Tuesday, 18 September 2012 09:10
‘We Learnt Nothing from Naira Redenomination Debacle’ - Obadiah Mailafia
Published in
Business
‘We Learnt Nothing from Naira Redenomination Debacle’ The macroeconomic indicators of the country have remained a source of worry to many Nigerians and investors in recent times. With a growing gross domestic product, GDP, now put at 7.5 per cent, in the midst of unbearably high unemployment rate and grinding poverty, high inflation and interest rates, unstable foreign exchange rate, crumbling industrial sector and falling value of the national currency, the economy appears, to many, to be on tenterhooks. These are some of the issues Obadiah Mailafia, former deputy governor (Economic Policy), Central Bank of Nigeria, CBN, addressed in…
Tuesday, 18 September 2012 09:06
Nightmare for Telecoms Subscribers
Nigerians and businesses, particularly in the North, are in for tougher times following recent coordinated attacks by Boko Haram that damaged several telecoms infrastructure in the North Nothing would gladden the heart of Uthman Garba, director general, DG, Kaduna Chamber of Commerce, Industry, Mines and Agriculture, more than an urgent intervention by the federal government to stop the Boko Haram insurgence in the northern part of the country. “Businesses are suffering in the North and we desperately need government to restore peace to the region. My colleagues in the North-east and the North-west are telling unpalatable stories about the…
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- Most Read
- Most Commented
- Private Jet Boom: More Nigerians Fly in Style in Top Story Read 2390 times
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- A Carnival of Love for Ileso, Edosa in Entertainment Read 1653 times
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- NCC Slams GSM Operators in Business Read 644 times
Between Their London and Our L
London is a city of shops and shopkeepers. People come to London for different reasons. ...
Read moreMental Health in Children
It is widely accepted that Attention Deficit Hyperactivity Disorder – or ADHD – is ...
Read moreEnduring Violent Relationships
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