*NSIB deploys remotely operated vehicle, says fourth body recovered Emmanuel Addeh in Abuja and Chinedu Eze in Lagos The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday expressed its condolences to the Nigerian National Petroleum Company Limited (NNPC), the families of victims, East Wind Aviation, and the entire oil and gas community over the tragic helicopter […]
*Minister says Air Peace, Nigeria’s ambassador, hold strong upswing after 10 Years Minister of Aviation and Aerospace Development, Festus Keyamo, has promised that the Bola Tinubu administration would end the high mortality rate of airlines, which the industry in Nigeria is known for, by continuing the process of enhancing easy access to leasing and credit […]
*NSIB Launches Investigation on Crashed Helicopter *NNPC Confirms Engaging Services of Ill-fated Chopper *NAAPE Mourns Its Members Who Died in Crash Eight persons including two crew members (pilots) and six passengers have been confirmed dead as a helicopter on oil and gas shuttle service crashed off the coast of Calabar, Cross River State. […]
The operations of Caverton Offshore Support Group Plc was affected substantially by the fluctuations in exchange rate and high cost of doing business in Africa’s most populous nation in the financial year ended December 31, 2023. Despite the tough terrain, the group recorded revenue of N31.99 billion, representing a growth of 9.4 percent compared with […]
The depleting number of operating aircraft in Nigeria’s domestic airline industry can be partly traced to the heavy capital outlay needed to acquire aircraft and the inability of local financiers to extend credit facility to the operators, a development that needs urgent attention. Operating airline business is capital intensive because to acquire a […]
