Aviation Correspondents Rewards SAHCO for Performance

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By Modupe Gbadeyanka On October 24, 2023, stakeholders in the tourism industry will gather at the Victoria Yards in Johannesburg, South Africa for the Airbnb Africa Travel Summit to discuss the role of technology in inclusive and sustainable tourism in Africa. A statement from the organisers disclosed that over 200 policymakers, tourism experts, innovators and changemakers are expected at the event, which will have the Minister of Tourism, Ms Patricia de Lille, opening the conference, with Afua Osei, co-founder of She Leads Africa, moderating, and actress and activist, Zozibini Tunzi, presenting the final keynote. Also, the founder of Tech Cabal,

By Modupe Gbadeyanka Steps are being taken by a leading amusement park and resort in Nigeria, Omu Resort, to ensure Delta State become the latest global tourism hub. The company has come up with a multifaceted initiative known as Discover Delta to attract tourists across the world to the oil-rich state and earn scarce foreign exchange (FX) for the country. It intends to achieve this goal and redefine the tourism landscape in Delta State through the Leisure Park and Film Village Asaba. A statement from the firm said in September 2023; it would launch the Discover Delta initiative, which encompasses

By Adedapo Adesanya The federal government, through the Ministry of Aviation, has assured airline operators that it would liaise with the Central Bank of Nigeria (CBN) for the allocation of foreign exchange (forex) to them at a single-digit interest rate as low as 1.5 per cent. However, the central government said it would soon begin to compel domestic airlines to compensate passengers for incessant delays and cancellations of flights. The Minister of Aviation, Mr Festus Keyamo, while speaking on flight disruption challenges during a meeting with the officials of Airline Operators of Nigeria (AON) in Abuja, said efforts would be

By Adedapo Adesanya Premier digital industrial company, General Electric (GE), is pushing for younger African women to major in Science, Technology, Engineering, and Mathematics (STEM) studies. At a Women in STEM mentorship roundtable held in Abidjan, Cote D’Ivioire, female students from the Institut National Polytechnique Félix Houphouët-Boigny (INPHB) were mentored by four leaders in energy with exemplary resumes and combined decades of wisdom. The mentees were guided by Mmes Kristin Carvell, the Global Communications Leader, GE Gas Power; Kadidjatou Diallo, Managing Director, La Compagnie Ivoirienne de Production d’Electricité (CIPREL), Aphi Amoussou Nanan, Director of Generation, CI ENERGIES; and Mrs Bethel

By Dipo Olowookere The local stock market maintained its bullish trend on Tuesday as the third quarter earnings continue to impress investors. More companies released their financial scorecards today and they did not disappoint market observers and analysts. Transcorp, Sterling Bank and Ecobank were among firms that released their earnings for the first nine months of this year on Tuesday. At the close of transactions, the Nigerian Stock Exchange (NSE) went up by 0.69 percent, reducing the year-to-date loss to 13.21 percent. While the All-Share Index (ASI) appreciated by 228.63 points to close at 33,191.45 points, the market capitalisation grew

By Investors Hub The major U.S. index futures are pointing to a modestly higher opening on Wednesday, with stocks poised to regain some ground following the sell-off seen in the previous session. Traders may pick up stocks at somewhat reduced levels following the pullback seen on Tuesday, which came on the heels of two-day rally. Stocks came under pressure over the course of the trading day on Tuesday after initially showing a lack of direction. The pullback on the day came after the major averages moved sharply higher over the two previous sessions. The major averages ended the session at

‘Money’s too tight to mention’ for Nigerian shoppers who are highly price conscious and are taking several measures to mitigate rising food prices including cutting down on luxury items and buying in bulk to benefit from lower prices. These are just some of the findings from Nielsen’s latest 2019 Nigeria Shopper Trends Report. Nielsen Consumer Insights Lead for West Africa Abiodun Olawale-Cole says; “Nigerian shoppers have become more cautious with their spend, they are pre-planning their category choices prior to shopping visits and once in store; mostly buying essentials and switching to cheaper brands. “Factors impacting these choices include the

By Dipo Olowookere One of the leading emerging and frontier markets investment bank, Renaissance Capital, has announced the appointment of Sergei Linnik as Global Head of TMT (Telecom, Media, Technology). Mr Linnik joined the Firm’s investment banking team to cover the telecoms, media and technology sectors in all geographies in which the Firm operates. He reports to James Friel, Global Head of Investment Banking. Prior to his appointment, Mr Linnik worked as Director, TMT, at Deutsche Bank for over eight years in Moscow and London. During this period, he advised on a range of transactions, including the $1.5bn sale of

By Aduragbemi Omiyale On Friday, May 6, 2022, some experts will converge on a virtual seminal organised by Ecobank Nigeria to discuss several investment opportunities available to workers, entrepreneurs, staff, customers and non-customers of the financial institution. One of the speakers is the Head of Agusto Consulting, Mr Jimi Ogbobine as well as analysts at the bank’s Treasury and Consumer Products teams and the Ecobank Development Corporation (EDC), the bespoke investment arm of the Ecobank Group. The consumer-focused and investment-oriented webinar, which will kick off by 11 am, is themed Today’s Opportunities for Your Money; Making the Best of the

By Dipo Olowookere The appointment of Reverend Tor Ujah as the Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC) has been terminated. A statement issued on Tuesday by Mr Willie Bassey, the Director of Information on behalf of the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, said Rev Ujah’s appointment was terminated with the authorization of President Muhammadu Buhari. “President Muhammadu Buhari has approved the immediate termination of appointment of Rev Tor Ujah, as the Executive Secretary, Nigerian Christian Pilgrim Commission,” Mr Bassey said in the statement. It was stressed that the termination of the

By Aduragbemi Omiyale The disagreement between Rite Foods Limited and the Nigerian Bottling Company (NBC) is getting messier as the former has filed a suit seeking to put the Managing Director of the latter in prison. In an application filed before a federal high court sitting in Lagos, Rite Foods said the MD of the NBC, Mr Mathieu Seguin, should be imprisoned for contempt of court. It was claimed that Mr Seguin disobeyed interim injunctions granted by Justice Aneke of the Federal High Court on February 9, 2021. This is in accordance with the case of trademark infringement and passing-off