Category Archives: Breaking

Air Nigeria Commences Daily Flight Operations From Lagos To London Today

Air Nigeria Development Company Limited has concluded its two-year turnaround programme, based mainly on financial engineering.     It now plans to consolidate on flights to its regional routes commencing with the London route today Monday May 16 and the Johannesburg route tomorrow Tuesday May 17. The Paris route is to follow in June.The chairman…

Read more

Okonjo-Iweala’s Fate To Be Decided Today As World Bank Board Votes New President

The World Bank’s 25 member executive board will today vote on who replaces outgoing president Robert Zoellick, whose term expires in June. The prognosis of the chances of the two remaining candidates  (Nigeria’s Ngozi Okonjo-Iweala, and the American Jim Yong Kim) shows that the American candidate remains odds on favourite to clinch the job.  …

Read more

Commencement Of ‘Cashless Lagos’ – Is This A Wise Policy Or Not!

Disappointment and confusion yesterday greeted the commencement of the ‘Cashless Lagos Policy’ as it was heralded by the return of cheques which the banks regarded as ‘exceeding the limit’ for third parties.   The banks were however cautious, so as not to offend their customers, as some of the said customers who issued third partycheques…

Read more

World Bank Presidency: GEJ Directs Adefuye To Rally For Okonjo-Iweala

  The Nigerian Ambassador to the United States of America has been directed to deploy all available resources to ensure that Dr. NgoziOkonjo-Iweala, Nigeria’s Finance Minister and Africa’s sole candidate for the World Bank Group Presidency, gets elected when the Board of Directors of the bank vote at the Spring meeting of the bank scheduled…

Read more

Nigerians Taxed Blind By Air Ticket Pricing Compared To Other Neighbouring Countries

A chunk of the bloated airfares paid by Nigerians to both local and foreign airlines have been traced to the numerous taxes and surcharges passengers pay to the various parastatals in the aviation industry, new investigations by BusinessDay have revealed.   In addition to the taxes is the fuel surcharge by the airlines which constitute…

Read more