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Golden Tulip hotel denies ejecting Turkish Airlines’ passengers

The management of Golden Tulip Hotel in Apapa, Lagos has cleared the air on the reported rumour by some section of the media that it ejected Turkish Airlines’ passengers lodging in the hotel. The hotel rather added in a statement that “it took great care of them during the time of their say in the hotel”. Some Lagos-Instanbul bound Turkish ...

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#OccupyCBN group enemy of Nigeria, economy—CBN

The Central Bank of Nigeria (CBN), has described the group; #OccupyCBN as “paid hirelings and blackmailers,” being mobilized by highly placed economic saboteurs to further destabilize the recuperating economy. Earlier the group leader, Deji Adeyanju, had told reporters that they were not coming to make trouble but rather to obtain explanations as to why the Naira should be allowed to ...

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Confusion on recovery as Heritage Bank sacks 400, plans more before end of Q1

Heritage bank

Resilient financial group, Heritage Bank has sack about 400 staff and there are plans to ease out more before the end of first quarter. News Agency of Nigeria has reported. The bank, in October 2014, acquired Enterprise Bank with about N56 billion (281 million dollars). A top management source in the bank, who pleaded anonymity, said the sack cut across ...

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NASS yet to communicate Customs on resolution over ban on land border vehicle imports

Ali Customs boss

The leadership of Nigerian Customs Service (NCS), Monday denied any communications or directive instructing the Service to rescind decision banning vehicle imports from the land borders. In an interview on a national Television monitored in Lagos, the new spokesman of the Service, Mr. Joseph Attah said as far as the NCS is concerned, it will continue to track the new ...

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NPA, British Embassy move to boost Nigerian ports operations

The British High Commission and the Nigerian Ports Authority (NPA) have resolved to work together to improve port development in Nigeria. This was part of the high points during a courtesy visit to NPA’s head office in Marina, Lagos by the British High Commissioner to Nigeria, Paul Arkwright, who was jointly received by the Managing Director of the authority, Hadiza ...

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Upcoming Aviation Varsity’ll run side by side with NCAT—Minister


Contrary to speculations that the planned establishment of Nigerian Aviation Univeristy will consume the Nigerian College of Aviation Technology (NCAT) in Zaria, Kaduna State, the Minister of State for Aviation, Mr. Hadi Serika has cleared the air, saying whereas the aviation university will be structured to promote research, development and production of high level manpower, NCAT will continue to train ...

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Turkish Airlines experiences surge in passenger traffic YOY

Turkish airline

The management of Turkish Airlines has expressed satisfaction on its performance throughout last year, saying its passenger traffic grossed year-on-year to a reasonable percentage considering the hiccups of 2016. Traffic results for the period of January-December 2016 are as follows: During the period of January-December 2016 passenger carried increased by 2.5%, reaching to 62.8 million passengers from 61.2 million passengers ...

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Cutting ties with Taiwan means total collapse of motoring in Nigeria—Auto traders

Okey Buhari

The controversy trailing whether Nigeria actually severed ties with Taiwan on grounds of China’s loan condition has attracted comments from leading trading moguls at the Auto Spare parts & Machinery Dealers Association (ASPMDA), Lagos International trade fair complex. Barring their minds during a visit by Business Hilights reporters’ weekend, majority of them said there is no comparison between Chinese and ...

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FG sacks FRCN board, suspends Code over Adeboye’s exit

Osinbajo buhari

The Federal Government has has approved the immediate removal and the replacement of the Executive Secretary and the reconstitution of the board of the Financial Reporting Council of Nigeria (FRC). Accordingly, President Muhammadu Buhari has appointed a Chairman and a new Executive Secretary for the council. The new Council as approved by the President has Mr Adedotun Sulaiman, MFR as ...

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Senate fingers security risk at Kaduna, seek partial closure of Abuja Airport

Nigerian Senate

Confusion is about to engulf the planned closure of Nnamdi Azikiwe International Airpirt, Abuja for repairs as the Senate Tuesday objected to the total closure, saying the choice of Kaduna may be risky for security reasons. Accordingly, they have summoned the Minister of Transportation, Mr. Rotimi Amaechi the Minister of Works, Power and Housing, Mr Babatunde Fashola for further clarification. ...

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