Airline operators of Nigeria (AON) have said that there is no going back on airfare increase unless the authorities concerned and oil markets are ready to maintain stability in the prices of aviation fuel .

Skye Bank Plc has launched into the Nigerian financial market the first naira denominated Master-card Verve which can be used to make payments across multiple channels like the Automated Teller Machines, Point of Sales terminals, internet, telephones, among others.

Nigerian travellers now have a wider connection network, as British Airways and Iberia Airlines’ merger set off yesterday with the inauguration of of the International Airlines Group, AIG, which talks had been in the works in the last year.

Financial experts have tasked microfinance operators on the need to cultivate savings mobilization strategies that would enable them increase financial inclusion and reduce poverty level of their customers.

Afribank Nigeria Plc has urged its customers to update their data with the bank before the deadline of Monday, January 31, 2011 stipulated by the Central Bank of Nigeria (CBN).

The Nigerian Extractive Industries Transparency Initiative, NEITI, wants erring oil companies identified in the 2005 oil and gas industry audit report sanctioned by the appropriate government regulatory agencies.

The Shell Petroleum Development Company of Nigeria Limited, SPDC, has inaugurated the second edition of its Niger Delta Postgraduate Scholarship Scheme, to boost its effort in developing indigenous manpower for the oil and gas industry.

The Nigerian Electricity Regulatory Commission, NERC, has said that part of the priorities of the new management is to boost local content participation in the electricity industry, especially in those areas where indigenous capacity and competence are lacking.

IN an effort to free the country permanently from the shackles of incessant fuel scarcity, the Nigerian National Petroleum Corporation, NNPC has concluded plans to acquire about 50 percent of the nations petrol stations which would be strategic in fuel dispensing to Nigerians during at all times.

Some financial experts have advised the Federal Government to use the proceeds from its $500 million sovereign bond judiciously. They gave the advice in separate interviews with the News Agency of Nigeria, NAN, in Lagos on Monday.