Business Archives - Page 46 of 46

Sep

17

2022

Mixed reactions, pool of tears, as Lagos govt auctions seized vehicles

Business, Economy, MetroLagos, Metro, Next Level, Nigeria, Politics, Pool of tears

Emotions were betrayed this week as the Lagos State government auctioned vehicles that were forfeited. At least 134 vehicles confiscated for various traffic offences were up for sale. DAILY POST reports that as the exercise progressed, several families were thrown into agony and tears, as they watched their means of livelihood being auctioned at a giveaway price. More touching was the case of a 49-year-old widow, Dorothy Dike and her son, Osinachi Ndukwe, who wept openly as they begged for a price reduction. It was a sad sight beyond as their only vehicle bought at the rate of N1.8.million on…

Sep

15

2022

By Amos Oge Kalu

NNPC to sign gas pipeline agreement with Morocco

Business, EconomyAfrica, Economy, Nigeria, Politics, World News

the Nigerian National Oil Company (NNPC) Limited said it will sign agreements on the gas pipeline project with Morocco’s National Office for Hydrocarbons and Mines and the ECOWAS Commission on Thursday. NNPCL said the deal is expected to boost the implementation of the 7,000 km Nigeria-Morocco gas pipeline project. The Nigeria-Morocco gas pipeline was proposed in a December 2016 agreement between the NNPC and the Moroccan National Office for Hydrocarbons and Mines (Junta Nacional de Hidrocarburos y Minas). In June, the Federal Executive Council authorized the NNPC to enter into an agreement with ECOWAS for the construction of the pipeline. The government…

Oct

02

2021

By OHAFIATV

Aero Contractors takes delivery of two Airbus 320

Business, Economy, MetroAero Contractors, Economy, Metro, Next Level, Nigeria

The Aero Contractors, Nigeria’s oldest aviation company, yesterday took delivery of two Airbus 320 from Heston airline based in Lithuania. The two aircraft touchdown the runway of Nnamdi Azikiwe International Airport (NAIA), Abuja, yesterday afternoon and was immediately received at the airport by the Managing Director of the Aero Contractors, Capt. Abdullahi Mahmood, along with other senior executives of the airline. Mahmood while speaking to the press at the sidelines of the event said: “We are pleased to secure the two aircraft through House of Five A’s, which will boost our fleet and give us the much-needed capacity to serve…

Jun

11

2020

By OHAFIATV

Buhari mortgaging Nigeria’s future, stop him now – PDP tells NASS

Business, Economy, Lifestyle, PoliticsMohammadu Buhari, Next Level, Nigeria, Peoples Democratic Party, Politics

The National Chairman of the Peoples Democratic Party (PDP), Uche Secondus, has warned the National Assembly not to assist President Muhammadu Buhari and the All Progressives Congress (APC) mortgage Nigeria’s future. He condemned incessant loans Nigeria has obtained under Buhari. Secondus spoke to journalists on Thursday after a meeting with the PDP caucus in the Senate. The party chairman said the government’s inability to properly account for previous loans means the funds go “into wrong hands and inside private pockets”. The opposition leader said the Buhari administration “lacks the needed capacity to appropriately utilize these funds because of poor control…