• How $3bn Nigeria-bound rice rots away in Benin Republic

    How $3bn Nigeria-bound rice rots away in Benin Republic

    An estimated $3 billion bags of rice destined for the Nigerian markets are stuck in various warehouses in Benin Republic due to the Federal Government’s refusal to allow importation through land borders and fierce customs anti smuggling drive.

    The annual routine of importing rice into the neighbouring country from July to December to make massive sales in Nigeria during Yuletide period has hit a brickwall this year as Controller General of Customs, Colonel Hameed Ali has insisted that his men have […]

  • $3bn Spent Annually On Airlines Maintenance – Experts

    $3bn Spent Annually On Airlines Maintenance – Experts

    As airlines in Nigeria continue to suspend operations due to the various economic challenges confronting them, experts have identified the huge cost of foreign maintenance, repair and overhaul (MRO), which totals $3 billion annually, as a major drain on their profitability.

    Aviation experts who disclosed this also called for a holistic approach to solving the lingering crises in the sector.

    It was gathered that two domestic airlines, Aero Contractors and First Nation Airlines, suspended their operations recently.

    Speaking with Newsmen Friday yesterday, the […]