5 Interesting Ways Nigerian Men and Women Travel Differently

By Adedapo Adesanya The Chief Operating Officer of Air Peace, Mrs Toyin Olajide, has refuted the claims by the former Minister of Aviation, Mr Hadi Sirika, that the company stopped its flights to Dubai over its lack of capacity. The airline operator also punctured the claims by Mr Sirika that Air Peace incurred of loss of about $19 million for keeping two Boeing 777 aircraft idle for several months. On Sunday, during an interview with Arise Television, the ex-minister, while praising Ethiopian Airlines, stated that Air Peace leased ‘two’ Boeing 777 aircraft on a monthly lease fee of $250,000, parked

By Adedapo Adesanya Flutterwave has joined the International Air Transport Association’s (IATA) payment orchestration platform to facilitate travel-related payments easily to sub-Saharan Africa. With this integration, airlines worldwide can process customer payments through cards, bank transfers, mobile money, alternative payment methods and other payment modes available on Flutterwave. IATA Financial Gateway (IFG) is an omnichannel payment orchestration and management platform fully dedicated to the airline industry. It has been designed to allow airlines to receive local payments from local markets through all their distribution channels. IATA has some 290 international airlines; this partnership enables them to easily expand their operations

By Adedapo Adesanya The visa ban placed on Nigerian travellers by the United Arab Emirates (UAE) has been lifted after President Bola Tinubu held talks with the leader of the United Arab Emirates (UAE), Mr Mohamed bin Zayed Al Nahyan, on Monday in Abu Dhabi. According to Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, both countries finalised a historic agreement, which has resulted in the immediate cessation of the visa ban placed on Nigeria. “Furthermore, by this historic agreement, both Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out

By Adedapo Adesanya The Lagos State Government under the Mr Babajide Sanwo-Olu administration has reversed the higher land use charge rate imposed by the previous administration of Mr Akinwunmi Ambode on properties owners in 2018. This was disclosed by Mr Rabiu Olowo, the Lagos State Commissioner for Finance, at the 2020 ministerial briefing to mark the first year anniversary of the Mr Sanwo-Olu led government. He said the present administration was working to reduce the rate to the previous levels so as to make life less cumbersome to residents of the metropolis. “As we are aware, in 2018, there was

By Dipo Olowookere The Nigerian Stock Exchange (NSE) has announced the replacement of Cement Company of Northern Nigeria Plc (CCNN) with BUA Cement on eight of its indices. This followed the delisting of CCNN from the trading platform of the exchange after its merger with Obu Cement recently and the eventual listing of BUA Cement on the NSE last Thursday. A statement issued by the exchange said the replacement of CCNN with BUA Cement was approved by the Index Governance Committee of the local bourse head by Abimbola Babalola. It was stated that BUA Cement has now been put on

Who doesn’t love a good sports match? We all know that there’s something about the feeling of watching a competitive game, especially a soccer match, which makes it impossible to take your eyes off the screen. It’s like time suddenly comes to stand still as you witness some of today’s legends clashing against each other on their path towards glory. Now, let’s look at some exciting moments from historically important soccer matches and the context surrounding these thrilling games. Brazil vs. Germany, 2014 World Cup Semifinal – An epic battle between two soccer powers that ended in a heartbreaking loss

By Ashemiriogwa Emmanuel The foreign reserves of Nigeria increased by 0.60 per cent or about $200 million in one week to $33.6 billion from $33.4 billion in the previous week. Business Post reports that the weekly growth came as the country’s Debt Management Office (DMO) is planning to sell $6.2 billion Eurobonds to offshore investors in the coming weeks. When this transaction is completed, the external reserves is expected to hit the $40.0 billion market, which should support the nation’s exchange rate. Last week, the International Monetary Fund (IMF) allocated $3.35 billion Special Drawing Rights (SDRs) to Nigeria as part

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks likely to see further downside following the sell-off seen in the previous session. A negative reaction to the latest batch of earnings news from companies such as Target (TGT) may lead to continued weakness on Wall Street. Continued weakness among technology stocks may also weigh on the markets as traders remain worried about the outlook for demand. Stocks moved sharply lower over the course of the trading session on Monday, adding to the steep losses posted last week. The major averages slid

By Modupe Gbadeyanka Top South African telecommunications firm, MTN, has said it will pay dividend in 2017 to its shareholders despite recording a huge loss in 2016 for the first time in 20 years. Business Post correspondent reports that MTN recorded a loss $108 million, which was mainly due to the fine slammed on it by the Nigerian government in 2016 for failing to disconnect lines of its unregistered subscribers as required by law. In June 2016, the Nigerian Communications Commission (NCC) fined MTN $5.2 billion, but this was later reduced to $1.1 billion. Also in 2016, the Nigerian Senate

By Modupe Gbadeyanka In order to increase liquidity and competitiveness in the commodity market, the federal government has been urged to incentivise the trading of commodities through the exchange. Also, government has been advised to make provision for high-quality seedlings to farmers because this remains very critical in boosting the quality of harvest, which will in turn impact positively on the commodity ecosystem. These suggestions were made by stakeholders, who gathered in Abuja this week for a 2-day International Conference on the Nigerian Commodities Market (ICNCM 2020). The programme was organised by the Securities and Exchange Commission (SEC) and was

By Adedapo Adesanya The number of Nigerian Internet users rose by an addition 2.4 million users in the month of May to 141.2 million across mobile, fixed wired and Voice over Internet Protocol (VoIP) in light of the current COVID-19 health crisis. This was disclosed in the latest industry statistics released by the Nigerian Communications Commission (NCC), which explained that this happened as many had to rely on the internet for several needs, due to the restrictions on movement. According to data from the telco regulatory body, the mobile networks: MTN, Globacom, Airtel, and 9mobile remained the preferred choice by