Tuesday , January 22 2019
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BA owner IAG launches new long-haul airline Level

The owner of British Airways is launching a new long-haul budget airline based in Barcelona. IAG said the new airline, Level, would initially fly to Los Angeles, Oakland, Buenos Aires and Punta Cana in the Dominican Republic from June. The airline will use Iberia crew and two new Airbus A330 …

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MRS to Save Nigeria $120m Annually from Jetty Expansion

Unveils first 80,000-120,000mt berthing terminal in Africa Oil firm hosts U.S. ambassador Foremost downstream oil company, MRS Oil Nigeria Plc, on Thursday announced a record-breaking milestone by the company, with the berthing of a vessel with a deadweight of 75,000mt at its terminal at the Tin Can Island Port, Apapa, …

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INTELS acquires the largest crane in Africa

IN line with its commitment of making Nigeria the hub of Oil and Gas logistics services in Africa, INTELS Nigeria Limited has acquired one of the largest port handling cranes in the world – a 600 tonnes Liebherr crane worth USD6 million (N1.83 billion).  The crane, which has been deployed …

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CBN set to provide more dollars into forex market

Determined to maintain the momentum of strengthening the Naira at the foreign exchange market, there are strong indications that the Central Bank of Nigeria, CBN, will inject more foreign currencies into the market early this week. Currency speculators are said to be jittery as they could witness further losses in …

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