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SEC Bans Sale Of Oando Shares

The Securities and Exchange Commission, SEC, on Wednesday ordered a full suspension of the trading of shares of Oando Plc for two days. The commission also directed that effective from Friday, October 20, the Nigerian Stock Exchange should implement a technical suspension of the shares of the company. SEC in …

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Bi-Courtney: FAAN Owes Us N200bn, Unions Are Lying

Two days after three unions in the Nigerian aviation industry accused Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Two (MMA2), of owing the Federal Airports Authority of Nigeria (FAAN) over N2 billion arising from several unremitted revenues, the terminal operator has described the allegation as a …

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Pilots Union Worries Nigeria May Fail American FAA Audit

  As the Nigerian aviation sector prepares for Monday’s audit by the American Federal Aviation Administration (FAA), the National Association of Aircraft Pilots and Engineers (NAAPE) has raised concerns that it could fail the exercise.   The NAAPE observed that the Nigerian Civil Aviation Authority (NCAA) and the Accident Investigation …

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