Ethiopia Lures Seychelles to Invest in Tourism

By Aduragbemi Omiyale Residents of Delta State will enjoy 2023 Christmas like never before as the management of Leisure Park has decided to take this year’s Christmas extravaganza to the South-South state. Tagged Christmas in Delta, the event will commence on December 1, 2023, and will run through to January 14, 2024, across multiple locations in the 25 local government areas of the state. The Public Relations Officer of Leisure Park, Mr Godday Umukoro, said in a statement that this was part of the company’s determination to ensure Deltans see Christmas in another prism. According to him, Christmas in Delta

By Bliss Okperan The Minister of Aviation and Aerospace Management, Mr Festus Keyamo, has expressed displeasure over the inability of foreign airlines to take their funds away from Nigeria to their home countries. According to the International Air Transport Association (IATA), as of June 2023, the total amount of foreign airlines’ trapped funds in Nigeria has risen to $812.2 million. Airline operators have been unable to repatriate their money because of the foreign exchange (forex) issues Nigeria is experiencing due to a decline in FX earnings. Speaking at the 7th Aviation Africa Summit in Abuja on Wednesday, the Minister said

By Modupe Gbadeyanka Customers of Emirates Airlines have been advised to plan their travel carefully this December, as departure numbers peak throughout the festive month, including over the UAE National Day and Christmas period. In a statement, the airline operator urged passengers to arrive at the airport up to 3 hours before a flight and take note of their boarding time to ensure they reach the departure gate on time. It noted that travellers could take advantage of a wide array of check-in and baggage drop options from Emirates City Check-In & Travel Store, to newly refurbished First and Business

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 Real estate portfolio delivered the best return for investors on US stocks and investment platform, Risevest, in 2022, with a 15.6 per cent return on investment (RoI). In its Investment Wrapped: A Look At Our Investment Journey in 2022 newsletter, seen by Business Post, the company said that the year’s investment was actively affected by inflation and the measures to tackle it. The company, despite the tough year, paid out $23.2 million to users while 109,800 plans were created while its members in its investment club grew to 15,100. “All the monetary easing that central banks worldwide

By Adedapo Adesanya Investors at the NASD Over-the-Counter (OTC) Securities Exchange lost N6.8 billion last week (Week 28) as the market’s capitalization closed at N519.90 billion compared to N526.65 billion it finished at the preceding week. The NASD unlisted securities index (NSI) also closed negative by 1.28 per cent to close the week at 707.77 points as against 716.96 points it ended a week earlier. This happened despite an increase in the amount of funds used to trade securities at the market during the week as well as a rise in the number of deals executed. Business Post reports that

By Modupe Gbadeyanka Six Africans, including a Nigerian, have been selected for a youth coaching programme organised by Arsenal Football Club of England and a leading digital money transfer platform, WorldRemit. The six young coaches were chosen by a panel of judges from Arsenal FC and WorldRemit across Africa as finalists in the new Future Stars coaching scheme. They will now compete in a public vote on www.FutureStars.WorldRemit.com from September 28, 2018 for the chance to attend an exclusive training programme with Arsenal Soccer Schools in London, fully sponsored by WorldRemit. The finalists facing a public vote are Adegun Shola

By Modupe Gbadeyanka Chairman of Capital Oil and Gas Industries Ltd, Mr Ifeanyi Ubah, has absolved his company from the alleged theft of about 100 million litres of petrol stored in its depot in Lagos by the Nigerian National Petroleum Corporation (NNPC). Mr Ubah, while reacting to the theft allegation on Sunday in Lagos, called for a reconciliation of the company’s account with the NNPC. He alleged that the NNPC has failed to tell the public that it also owed Capital Oil billions of Naira from their mutual business transactions, calling the allegation against his firm as mischievous and misleading.

By Investors Hub European stocks are turning in a lackluster performance on Wednesday as doubts grow over the prospects of a Brexit deal. Brexit talks are at an impasse as EU and U.K. officials resume Brexit negotiations later today ahead of a summit of EU leaders on Thursday. “The fate of Brexit negotiations depend on London moving with technical negotiations having now reached an impasse,” Bloomberg reported today, citing sources familiar with talks. The report claims that the negotiations could collapse amid Democratic Unionist Party pushback to the proposed deal. While the German DAX Index has edged up by 0.2

By Jerome-Mario Utomi This piece stemmed from two perspectives. The first has to do with the Lagos State Government’s recent declaration that it would not be selective in the application of law in the ongoing demolition of illegal structures at Lekki Phase II and its environs. The Commissioner for the Environment and Water Resources, Tokunbo Wahab, who was reportedly besieged by pleading occupants and owners of the fully built structures constructed on the drainage setbacks and already marked for demolition, said that the state government was committed to ensuring that justice and fairness were served to all equally, noting that

By Modupe Gbadeyanka A knowledge-platform designed to provide education services to individuals who want to gain a better understanding of various aspects of the capital markets has been launched by the Nigerian Stock Exchange (NSE). The platform, called the X-Academy, was unveiled to the media on Thursday in Lagos. Chief Executive Officer of NSE, Mr Oscar Onyema, while addressing newsmen at the event, explained that the training programmes at X-Academy will provide individuals and businesses with a robust and effective array of training solutions that will ensure participants are abreast with trends in the rapidly evolving financial markets. He said,

By Adedapo Adesanya The value of the local currency to the United States Dollar depreciated on Thursday, June 25 at the parallel market segment of the foreign exchange market. Business Post reports that the Nigerian Naira lost N2 during the session to sell at N457/$1 in contrast to the N455/$1 it traded at the previous session. Also, at the same segment, the domestic currency depreciated by N2 against the Pound to trade at N557/£1 in contrast to the previous session’s N555/£1, but remained unchanged against the Euro at N498/€1. At the Bureau De Change (BDC) segment, according to the Association of