Business

Aero Contractors to resume flights operations December 5, says past failures won’t be repeated

Published

2 years ago

December 2, 2022 8:20 am

BodexNG

Aero Contractors, Nigeria’s oldest airline, says past failures will not be repeated as it plans to resume scheduled services from December 5, 2022.

The airline said this on Thursday at a news conference in Lagos.

The planned resumption comes nearly five months after it suspended operations in July due to financial straits and other challenges in the sector.

Speaking at the news conference, Ado Sanusi, the company’s chief executive officer, explained that the suspension was to reposition and restructure the company.

Sanusi said having satisfied regulatory requirements, Aero Contactors received approval from the Nigeria Civil Aviation Authorities (NCAA) to commence operations.

He noted that the airline has employed Charles Grant as its new chief finance officer (CFO) and will be run by a new management.

“The airline will be operating with boeing 737 and dash 8 (Q-400) servicing ten destinations. These destinations include; Warri, Lagos, Port Harcourt, Abuja, Benin, Yola, Sokoto, Kano, Asaba and Calabar,” Sanusi said.

“The airline has three business units, namely; the maintenance repair and overhaul (MRO), the fixed and rotary wing airline operation and the training unit.”

Sanusi, also Aero Contractor’s managing director, said the resumption means that more products will be churned out to cater for the flying public who have “had a lot of hardship due to capacity reduction in the airline industry, which has resulted into price increase”.

He said the company would like to see that it stabilises the market as it would bring a lot of capacity into the system, especially during the Christmas season.

“We believe with the hardship that Nigerians are going through, we should be able to provide a good way of transporting people to their loved ones at a very affordable rate,” Sanusi said.

“We are pleased and delighted to return to services after a few months. We are determined to offer great travel experience to our customers during this season and beyond.”

Speaking on steps taken to sustain operations and prevent future sanctions by the NCAA, Sanusi said the airline had conducted a study on previous events that led to its suspension.

This, he said, was why it took longer for services to recommence.

“We believe and we are confident that the mistakes of the past will not repeat itself. We have looked at what actually caused the failures of the past and we are very determined not to repeat the same mistakes or to expect the same results,” Sanusi said.

Business

Port Harcourt Refinery begins crude oil processing

Published

15 seconds ago

November 26, 2024 12:52 pm

BodexNG

The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.

The Chief Corporate Communications Officer of the compaanyy, Femi Soneye, broke the news on Tuesday.

Soneye revealed that the refinery will operate at 60 percent capacity and process 60,000bpd.

https://twitter.com/FM_Soneye/status/1861330633831620917?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1861330633831620917%7Ctwgr%5E776845f88f6fa6dd3c70082f4da1ee2632656999%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F11%2Fbreaking-port-harcourt-refinery-begins-crude-oil-processing%2F

“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.

“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”

Soneye added that truck loading will commence on Tuesday (today), adding that the NNPCL is also “working tirelessly to bring the Warri Refinery back online soon”.

Business

Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

Published

23 hours ago

November 25, 2024 1:29 pm

BodexNG

The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.

Business

Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers

Published

1 day ago

November 25, 2024 11:01 am

BodexNG

The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others