……Says company remains safe, financially stable\ Caverton Helicopters has cleared air on some allegations the company said were peddled about it in some publications recently. The airline in a statement said though it is not in its character to blow its own trumpets, but, it could prove with incontrovertible evidence that it is committed to…
Brazilian airplane maker -Embraer said it has signed a comprehensive long term service agreement with Air Peace to support its E195-E2 and Embraer Regional Jet fleet.Making the announcement during the MRO Middle East, in Dubai, the airplane maker said the contract includes access to the Pool Program, which includes component exchanges and repair services for…
………Mulls sanction The Federal Competition and Consumer Protection Commission (FCCPC) has initiated investigations into the recent hike in air fares by local carriers.Though the umbrella body of indigenous carriers – Airline Operators of Nigeria (AON) has denied that they met to fix fares, the FCCPC said its investigations offer credible evidence that airlines did so.Executive…
….As carrier flies 150,000 passengers in one year Green Africa Airways (GAA) has launched the ‘gFuture initiative’, as part of efforts geared towards the training and re-retraining of Nigerian 1,445 aviation professionals in the next decade.Launching the initiative Tuesday in Lagos, its Managing Director/ Chief Executive Officer , Babawande Afolabi, said the airline plans to…
.. To begin payment March The Nigerian Union of Pensioners (NUP) , Federal Airports Authority of Nigeria (FAAN) branch and its management has reached an accord on the implementation of Consequential Salary /Pension Adjustment (CPA) Investigations reveal that an implementation committee is to be set up comprising two members of NUP, two representatives of the…
MTN has become the first African company to enter the metaverse by purchasing land in Africarare. MTN made this known in a statement on its website titled, ‘MTN Group becomes the first African company to enter the metaverse with land ownership on Africarare’. “This investment demonstrates MTN’s commitment to supporting African innovation as it is…
The Nigerian National Petroleum Company Limited on Monday insisted that it would continue to develop Nigeria’s gas resources despite the exit of International Oil Companies from the country due to the global push for energy transition and net carbon zero target. The NNPC’s Group Managing Director, Mele Kyari, disclosed this in Abuja at the ongoing…
Zenith Bank Plc says its gross earnings rose by 10 per cent to N765.6bn as of the end of December 2021, from N696.5bn recorded in the corresponding period of 2020. A statement by the bank said this was despite a challenging macroeconomic environment aggravated by the COVID-19 pandemic. The lender its audited financial results for…
International energy giant BP has opted to leave Russia after Western countries imposed severe sanctions on its companies and individuals following Moscow’s military attack on Ukraine. BP, the biggest foreign investor in Russia, said it was abandoning its stake in the state oil company Rosneft at a cost of up to $25bn, shrinking its oil…
