LAGOS JULY 23RD (NEWSRANGERS)-An Abuja High Court has issued a major ruling mandating the sale of aircraft, hangars, and other movable assets owned by Arik Air Limited. Specifically,the court directed sale of the aircraft with the registration numbers B737-700/5N-MJF, B737-800/5N-MJQ, DASH8-Q400, and 5N-BKX. This decision comes as a result of the airline’s substantial outstanding debts…
LAGOS JULY 23RD (NEWSRNAGERS)-Africa’s richest man Aliko Dangote says some staff members of the Nigerian National Petroleum Company (NNPC) Limited and oil traders operate a blending plant in Malta, an island country in Europe. Dangote stated this over the weekend when he received the leadership of the House led by Speaker Tajudeen Abbas and his…
LAGOS JULY 23RD (NEWSRANGERS)-Fifty-eight of the 164 member states of the World Trade Organisation (WTO) members have voiced support for a proposal from the African Group backing incumbent Director General, Ngozi Okonjo-Iweala, to serve a second term. The 58 member countries of the trade association made this known at a July 22 meeting of the…
LAGOS JULY 23RD (NEWSRANGERS)-Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one of Nigeria’s fastest growing companies. The bank has also seen rapid expansion in customer base and assets as total balance sheet size leapt from N2.1 trillion to N6.2…
LAGOS JULY 22ND (NEWSRNAGERS)-Nigerian airline operators have attributed the recent surge in airfares to inflation and foreign exchange volatility. Obiora Okonkwo, COO of United Nigeria Airlines, stated that the current economic challenges are significantly affecting the aviation sector. Domestic airlines have pointed to a stagnant economy and high inflation as primary reasons for the fare…
Nigeria LNG Limited (NLNG) has clarification on the report of payment Of $27.5m To FIRS As 2016 Revised Corporate Income Tax. In a statement Re: ‘Tax Tribunal Orders NLGN To pay $27.5m To FIRS As 2016 Revised Corporate Income Tax’ signed by General Manager, External Relations and Sustainable Development, Andy Odeh sighted by NewsRangers, the…
LAGOS JULY 19TH (NEWSRNAGERS)-Congress of Nigerian Maritime Media Practitioners- CONMMEP has commended the appointment of Abubakar Dantsoho as the new Managing Director of Nigerian Ports Authority. Dantsoho replaced Muhammed Bello-Koko who held sway as Managing Director of NPA for three years until his untimely removal from office by President Bola Ahmed Tinubu GCFR, last week…
LAGOS JULY 15TH (NEWSRNAGERS)-Nigeria’s naira extended its losing streak to a fourth day, slipping to the weakest level since March despite central bank intervention amid seasonal demand for dollars and continuing investor skepticism. The naira stood at 1,563.8 per dollar at its official close on Friday, according to FMDQ. That’s the weakest since March 18,…