FG, CBN to mobilise N250bn for bad loans
THE Federal Government and the Central Bank, CBN, are to provide a fresh N250 billion to buy back bad debts of banks under the ongoing banking reforms through the proposed Assets Management Company, AMC.
Nahcoaviance’s profit hits N1billion mark
For the first time in the history of its existence, and in line with its consistent impressive performance since its privatization, the Nigerian Aviation Handling Company Plc (nahcoaviance) has announced a profit after tax figure of N1.077b for the third quarter ended 30 September, 2009.
Virgin Atlantic instals fear-mitigating device for passengers
People scared of flying can now press a button on their iPhone to help them deal with their panic, as Virgin Atlantic Airways has launched an application (app) for its Flying Without Fear course which boasts a success rate of over 98 percent.
Hajj 2009: FG sets up monitoring committee to ensure pilgrims’ welfare
The federal government has set up a special monitoring on the 2009 Hajj Muslim airlift to Saudi Arabia to stave off any hitch in the process.
Masters energy berths 5000MT AGO vessel
MASTERS energy, an indigenous operator in the downstream sector has announced the arrival of its maiden vessel, Victory 1, laden with about 50000Metric tonnes of Automotive Gas Oil (AGO) also called diesel.
Petrol subsidy is a waste of resources, Obi
Mrs Nkechi Obi is the Managing Director, Techno Oil Limited, a significant player in the downstream sector of the oil industry. In this interview with Vanguard’s Yemie Adeoye she speaks on infrastructural challenges and prospects of full deregulation in the downstream sub_sector of the petroleum industry.
