Istanbul Airport, which was Europe’s busiest last year, suspended all flights on Monday because of a heavy snowstorm blanketing Turkey’s biggest city. The airport opened in 2019, replacing the old Ataturk Airport as the new hub for Turkish Airlines. It provides an important connection route for destination across Africa...
BUSINESS
The U.S. government said it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some U.S. carrier flights over Coronavirus (COVID-19) concerns. The suspensions will begin on Jan. 30 with Xiamen Airlines’ scheduled Los Angeles-to-Xiamen flight...
The Central Bank of Nigeria (CBN) says it will begin e-invoice for imports and exports in the country from Feb. 1, 2022. The apex bank made the disclosure in a circular to all authorised dealers and the general public, and signed by its Director, Trade and Exchange Department, Dr....
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has deepened its collaboration with the Securities and Exchange Commission (SEC) to undertake innovative initiatives that will drive the development of the Nigerian capital market. Flowing from a shared mandate to deepen liquidity in the market, increase domestic and foreign...
Getting rewarded for spending money is a dream that is probably going to remain exciting for many people, but not for the Firstmonie Wallet users. In a two month Transact and Win campaign that started on November 22, 2021, First Bank of Nigeria Limited is rewarding several customers for...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX or The Exchange) has started the year off with the listing by introduction of BUA Foods Plc on the Main Board of The Exchange. In keeping with its practice of intimating stakeholders with details of notable transactions such as these,...
The Federal Capital Territory Internally Revenue Services (FCT-IRS) on Tuesday in Abuja commenced an aggressive campaign to inculcate tax paying culture in both individuals and organisations in Abuja. The acting Chairman of FCT-IRS, Mr Haruna Abdullahi, who led a road show to press home the need to meet the...
The Rice Farmers Association of Nigeria (RIFAN) says plans have been concluded to launch the one million bags of rice paddy stacked as pyramids in Abuja on Tuesday. Mr Shehu Muazu, Chairman Pyramid Sub Committee, RIFAN told the News Agency of Nigeria (NAN) that the rice pyramids show that...
Bread and cereals, meat, fish, other food items accounted for rise in food inflation in December, 2021 to 17.37 per cent, as headline inflation rose to 15.63 per cent. Statistician-General of the Federation, Mr Simon Harry, gave the figure on Monday in Abuja at a news conference to announce...
File photo of Emirates airplane used to illustrate the story. PHOTO: Twitter/@Emirates Flag carrier of the United Arab Emirates (UAE), Emirates Airlines, has announced the resumption of passenger flight operations to five African countries but Nigeria was not on the list. The African countries on the list include Ghana,...
By OLA MUDOPE, Osogbo – Reckoning that 70 per cent of the new value to be created in the economy over the next decades will be based on digitally-enabled platform business models, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said the...
By JOY ADARA, Abuja – The Federal Government has commended the commitment of the Nigerian Communications Commission (NCC) towards enhancing digital skills development among youths, through implementation of various Information and Communication Technology skill acquisition programmes. Minister of Interior, Ogbeni Rauf Aregbesola and the Minister of Communications and Digital...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has alerted members of the public that a cybercrime group has perfected a new year scheme to deliver ransomware to targeted organizational networks. In a statement by its Director, Public Affairs, Dr. Ikechukwu Adinde at the weekend, the Commission...
By EZEKIEL OBI, Abuja – The Nigeria Export Processing Zones Authority (NEPZA) has emphasised the need to adopt free trade zone model in exploration, refining, production and marketing of gemstones. The Managing Director of NEPZA, Prof. Adesoji Adesugba, said this when Mr Tom Cushman, a renowned gemologist and businessman...
The Board of Directors of Nigeria LNG Ltd. (NLNG) has approved the supply of 100 per cent of the company’s LPG production (propane and butane) to the Nigerian market. The NLNG made this known in a statement issued by Mr. Andy Odeh, General Manager, External Relations and Sustainable Development,...
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that it would prioritise the domestic market...
Ghana’s President, Nana Akufo-Addo, says the inauguration of the Pan-African Payment and Settlement System (PAPSS) will accelerate transactions in Africa. Akufo-Addo, represented by the Vice President Dr Mahamudu Bawumia, spoke at the inauguration of PAPSS in Accra, Ghana, monitored virtually by the News Agency of Nigeria (NAN). According to...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says increase in employment in the country in 2020 is due to various Federal Government intervention programmes. The Director-General of SMEDAN, Dr Dikko Radda told newsmen in Abuja that there was consolidation in the Small and Medium Enterprises due...
The AfCFTA Secretariat says the commercial roll-out of the Pan-African Payment & Settlement System (PAPSS) will save Africa up to US$5 billion dollars annually. The Secretary General of AfCFTA, H.E Wamkele Mene, made the remarks on Thursday at the Commercial Launch of the PAPSS in Accra, Ghana, which held...