Africa: Nigerian Court restrains Troubled Diamond Bank from Taking Over TopBrass Aviation Airplane

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A Federal High Court sitting in Lagos south west Nigeria has restrained Diamond bank Plc and its appointed Receiver /Manager Mr. Babajide Koku and any of their agents from exercising any right of a secured credit over an aircraft Bombardier DHC-8-Q315 with registration number 5N-TBA owned by Topbrass Aviation Limited. The order of the court was sequel to a suit […]

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Africa: Bank approves loan Scheme for Hotels, Tourism and Tour Operators in Tanzania, Rwanda and South Sudan

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The Commercial Bank for Africa has approved huge loan for hoteliers, tourism and tour operators in Tanzania, Rwanda and South Sudan. According to a report by dailynews.co.tz, the CBA is arranging for ‘Single Borrowing Limit,’ of 50 million US dollars to a single applicant, enough to make any tour company float its business without problems as long as they have […]

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Africa: African Development Bank, stakeholders chart new course for aviation

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The African Development Bank assembled top representatives from African airlines, aviation industry organizations, civil aviation and regulatory authorities, airplane manufacturers, financiers and development partners to discuss the future of aviation in Africa. The Bank initiated the consultation to obtain the views of stakeholders as it prepares its action plan on aviation on the heels of the launch by the African […]

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Africa: Drama as FirstNation alleges manipulation of bank figures by Skyebank

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Cases of banks manipulating clients’ account are becoming rampant in the country with the recent being the alleged N1.7 billion saga between FirstNation and Skyebank. A case in point is the Innoson Vs Guaranty Trust Bank (GTB), where the bank refused to pay the judgment debt of N2.4B ordered by it to Innoson. For FirstNation, the airlines has vehemently denied […]

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Aviation: American Bank where Airplane Owners hide their assets

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Bank of Utah has that all-American feel. Founded in the 1950s by a veteran of both world wars, it offers affordable mortgages and savings accounts, sponsors children’s festivals and collects coats for the poor. But in addition to its mom-and-pop customers, the bank has a lesser-known clientele that includes Russia’s richest oligarch, Leonid Mikhelson, an ally of the country’s president, […]

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Africa:Remittances to Nigeria declines by 10% —World Bank

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THE World Bank, on Thursday, declared that remittances to Nigeria fell by 10 per cent in 2016. This, according to the bank, would be the second consecutive decline in remittances to the country, a trend contrary to what had happened in the last three decades. However, Nigeria was not the only country affected by the development, as nearly all developing […]

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Nigerian Travel Agents protest as Spanish Embassy rejects visa applications for Skal meeting

By Ajibola Amzat THE National Association of Nigeria Travel Agencies (NANTA) has criticized the Spanish Embassy over its “racist” treatment of Nigerians who seek to travel to Spain. In an -mail sent to The Guardian recently, NANTA accused the Spanish Embassy of collecting visa fees from Nigerians without refunding such fees when the applications are rejected, describing such practice as […]

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