Back-Catering: NLC Threatens Action Against Foreign Airlines

By Aduragbemi Omiyale A small aircraft crashed near the Murtala Mohammed International Airport (MMIA) in Ikeja, Lagos. The yet-to-be-identified helicopter, which is said to belong to a private owner, reportedly crashed in the Oba Akran area of Lagos State on Tuesday afternoon. According to reports reaching this newspaper, the pilots survived the air disaster. Two pilots were said to be flying the chopper when it burst into flames after it fell into a private property in the area. At the time of filing this report, we are yet to confirm what was responsible for the ill-fated helicopter crash. However, some

By Modupe Gbadeyanka The Nigeria Air project of the immediate past administration of President Muhammadu Buhari has been suspended by the current government of Mr Bola Tinubu. The suspension of the national carrier project was carried out by the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, who served in the previous administration as the Minister of State for Labour and Productivity. Speaking during a tour of the Murtala Muhammed International Airport (MMIA) in Lagos, Mr Keyamo also announced the suspension of the concession of the airports. He said both the suspension of the Nigeria Air project and the

By Adedapo Adesanya  Global mobility and urban services platform, inDrive, has launched the first-of-its-kind in South Africa known as name your price freight service – inDrive.Freight, targeting the needs of small businesses and individuals. In a statement, the California-headquartered company said inDrive.Freight offers a comprehensive range of non-liquid freight transportation solutions, whether it’s the delivery of small parcels or large shipments. The service also aims to deliver reliability and efficiency for last-mile in-city routes, with same-day delivery available on demand. The service will launch in the South African cities of Cape Town and Johannesburg, a move the company said signifies

Travelers, having experienced the high standards set by Dubai, are on the lookout for new Middle Eastern destinations that bring together both business and leisure. Ras Al Khaimah emerges as a rapidly growing Emirate, presenting itself as an attractive, cost-effective alternative to Dubai. Located just 45 minutes away from Dubai’s International Airport, Ras Al Khaimah boasts luxury shopping centers, breathtaking sceneries, and historical sites, catering to diverse traveler preferences. Let’s delve into the factors fueling Ras Al Khaimah’s metamorphosis and the rising prominence of its tourism. The Tourism Development Authority In 2011, the Ras Al Khaimah government founded the Ras

By Adedapo Adesanya Trades worth N2.3 million were carried out at the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, September 23, 2020. When compared with the previous session, the value went down by 90.0 per cent as securities worth N22.9 million were transacted on the NASD Exchange on Tuesday. Also, the volume of shares traded by market participants at the midweek session reduced by 90.9 per cent to 1.01 million units from 11.1 million units transacted at Tuesday’s session. Furthermore, the number of deals executed yesterday went down by 18.2 per cent as only nine deals were completed compared with

By Modupe Gbadeyanka Managing Director of Custodian Investment, Mr Wole Oshin, has assured shareholders of the company that efforts will be made to always adhere strictly to high corporate government standards. This assurance was given at the firm’s 24th Annual General Meeting (AGM) held in Lagos recently with many shareholders in attendance. Mr Oshin said with this in place, the company was confident of thriving in all sectors in which it operates. He further said at the meeting that the management will be guided by its vision to always exceed stakeholders’ expectations in the delivery of services to its esteemed

By Investors Hub The major US index futures are pointing to a modestly lower opening on Tuesday following the lackluster performance seen in the previous session. A drop by shares of Alphabet (GOOGL) may weigh on the tech-heavy Nasdaq, with the parent of Google sliding by 1.3 percent in pre-market trading. The downward momentum comes after Google was hit with a record $2.7 billion fine by European Union regulators over claims the company favored its own comparison-shopping service in search results. Stocks continued to show a lack of direction on Monday as traders seemed uncertain about the near-term outlook for

By Investors Hub European stocks are subdued on Friday as U.S. tax reform worries and simmering Middle East tensions kept investors on the sidelines ahead of the weekend. Broad-based dollar strength as well as encouraging U.K. industrial output and trade data have helped to limit overall losses to some extent. While the German DAX Index is just below the unchanged line, the French CAC 40 Index is down by 0.2 percent and the U.K.’s FTSE 100 Index is down by 0.5 percent. Leonardo shares have fallen sharply after the Italian high-tech company cut its 2017 forecast. British luxury brand Burberry

By Modupe Gbadeyanka The rising cases of COVID-19 in India are becoming worrisome and this has made some countries and organisations offer assistance to the second most populous nation in the world. One notable company that has offered to help the South Asian country is Emirates, which has set up a humanitarian airbridge between Dubai and India to transport urgent medical and relief items. A statement from the airline operator disclosed that it would provide cargo capacity free of charge on an “as available” basis on all of its flights to nine cities in India, to help international NGOs deliver

By Modupe Gbadeyanka The equity market last week, despite closing out the last trading day on a positive note by 0.26 percent, depreciated week-on-week by 0.48 percent amidst earlier weightier declines. Though the market swung into positive territory at the end of last week, the underlying mixed sentiment in the market is expected to continue to drive a sideways trading pattern on the exchange today. As the market resume today, what would likely dominate discussions would be Diamond Bank, which released its 2017 financial statements last Friday as well as its Q1 2018 earnings. Already, over the last five sessions,

By Dipo Olowookere A giant step has been taken by the Kwara State Chamber of Commerce, Industry, Mines and Agriculture (KWACCIMA) to bring back to life some moribund industries in the state. Part of the plans by the agency is to go into partnership with the state government, the Bank of Industry (BoI), the Bank of Agriculture (BOA) and others to provide financial support to enhance economic growth of the state. Addressing journalists in Ilorin, the state capital, President of KWACCIMA, Mr Ahmed Adeoye Raji, noted that when such industries were rejuvenated, the state would benefit immensely from it through

By Modupe Gbadeyanka An end-to-end solution to guarantee the consistent low latency and high reliability demanded by time-critical applications and services for consumers, enterprises, and the public sector has been launched by Ericsson. This initiative will boost the company’s 5G capabilities as it would enable Time-Critical Communication through its new Critical IoT product, which is easily deployable as a software upgrade on public and private 5G networks, in wide and local areas, on any 5G frequency band. Having deployed 5G networks globally with successful rollouts of enhanced mobile broadband and Fixed Wireless Access services, the new solution will allow communications