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TCN raises alarm over imminent collapse of power sector system

LAGOS-NIGERIA: The Transmission Company of Nigeria ((TCN), yesterday issued warnings about the imminent collapse of another system of the power sector as a result of the volume of idle power waiting for evacuation. It therefore advised electricity Distribution Companies (DisCos) to recapitalise to boost their capacity, lamenting that despite its …

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Lagos generates N103.4bn Q1 2018, spends N93bn on capital projects

LAGOS-NIGERIA: The Lagos State government yesterday said its internally generated revenue for the first quarter of 2018 was N103.476billion. The new revenue is an improvement to the N96.7billion recorded in the previous year, accounting for 81 per cent of the total revenue of N141billion generated in the quarter this year. …

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Keystone Bank Launches ‘CashToken’ Customers

LAGOS-NIGERIA: Keystone Bank Limited, has launched a ground-breaking product, ‘CashToken’, a new age of hyper consumer centricity in Nigeria. The new product is in partnership with a ‘Cash Reward as-a-Service Company’, CeLD Innovations Limited. The new product which was formally launched in Lagos at a conference tagged “500 Top CEOs …

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Trump targets OPEC over high oil prices

LONDON–UNITED KINGDOM: Donald Trump has criticised the Opec oil producers’ group, saying crude prices are “artificially very high”. In a tweet, the US President said this was “no good” and “would not be accepted”. The main crude oil benchmark prices, Brent and West Texas Intermediate (WTI), fell around 1% after …

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IATA COMMENDS NAMA ON QUALITATIVE BILLING SYSTEM

LAGOS-NIGERIA Ayodele Olalere The International Air Transport Association (IATA) has lauded the Nigerian Airspace Management Agency (NAMA) for its consistency in the rendition of qualitative bills in the last three years. This feat according to IATA has ensured that the error rate in bills posted by the agency for its …

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AirPeace extends operations to Yola, Adamawa

Ayodele Olalere YOLA–NIGERIA Nigeria’s foremost airline, AirPeace, has extended its local routes by launching its scheduled flight operations to Yola, Adamawa State, North East, Nigeria. At a brief ceremony at the Yola Airport, the Chairman and Chief Executive Officer, Air Peace Limited, Mr. Allen Onyema said the airline extended its …

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FAAN records 68% revenue increase, continues removal of abandoned aircraft

Ayodele Olalere LAGOS—NIGERIA Federal Airports Authority of Nigeria (FAAN) has continued evacuation of abandoned and disused aircrafts at the nation’s airports. According to the FAAN’s General Manager, Corporate Communications, Mrs. Henrietta Yakubu, the agency will continue with the removal of unserviceable airplanes at the Aminu Kano International Airport (AKIA), Kano, …

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