The International Air Transport Association on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 from $662m in the corresponding period last year,
IATA disclosed this in a letter addressed to the Minister of Aviation, Hadi Sirika, signed by the Area Manager West and Central Africa, Dr Samson…
Virgin Atlantic has joined SkyTeam Alliance, becoming the first and only UK member airline of the alliance.
Virgin Atlantic is a founding partner of a Joint Venture with SkyTeam members, Delta Air Lines and Air France-KLM
Virgin Atlantic formally joined SkyTeam, the global…
Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid a worsening foreign exchange crisis.
Shortage of FX in the country has forced lenders to take drastic measures to meet their dollar obligations in…
The board of Dangote Sugar refinery plc has appointed Yabawa Lawan Wabi, as an Independent Non-Executive Director.
According to a corporate notice signed by the Company Secretary, Temitope Hassan, the appointment was approved by the board at its meeting held on February 28, 2023.
Mrs. Wabi has experience in the public sector having served as Permanent Secretary in various ministries, and as…
The Federal Airports Authority of Nigeria has announced that Runway 18R and 36L of the Murtala Muhammed International Airport, Lagos, will be shut for eight weeks down for maintenance.
The Runway 18R and 36L is specifically dedicated for international flights. Following the…
Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number.
The National Identity Management Commission disclosed this in a statement signed by its Head, Corporate Communications, Kayode Adegoke, on…
Smart buildings cannot bring down the high cost of houses which has created a huge housing gap in the country, operators in the built industry have stated.
In an exclusive interview with The PUNCH, a structural engineer, Olatunbosun Adaramola, said smart buildings have to do with technology, making the home more conducive to live in, but come with a huge cost.
He said, “These smart features are…
The closure of the United States-based Silicon Valley Bank, the bank of choice for many venture capitalists and startups, may affect Nigerian startups according to industry players.
On Wednesday, March 8, SVB surprised investors with news that it was seeking to raise $2.25bn…
Stakeholders in the built industry have advocated the development of measures that make affordable housing for low and middle-income earners a reality in the country.
The Executive Director of the Housing Development Advocacy Network, Festus Adebayo, said housing was…
The Federal Capital Territory Administration has alerted residents on the proliferation of illegal housing estates and other developments in the capital city.
This was as it reiterated its readiness to demolish illegal structures obstructing the town’s master plan.
The Director of the Department of Development Control, Mukhtar Galadima, who gave the warning during a press briefing, stated that…