FAAN Reopens Port Harcourt Airport After Fire Scare 

By Adedapo Adesanya The Minister of Transportation, Mr Saidu Alkali, inaugurated the first cargo movement from the Lagos-Ibadan rail corridor during his first official tour of the rail corridor on Tuesday. This effort is expected to decongest the Apapa port as shippers moved 92.28 per cent of Nigeria’s total exports and 60.77 per cent of imports through the facility in the first quarter of 2022 (Q1’22), according to the latest available data. The Minister kicked off the tour at the Ebute Meta station before proceeding to Apapa for the launch, then travelled to Ibadan using the 157 km rail corridor.

Travelling far distances by car, bus, plane, or train is not always fun. Did you know it can even have a harmful impact on your health, too? Long-distance travel, especially by car, taxi, or bus, can increase the risk of blood clot formation, a condition known as deep vein thrombosis (DVT). In many instances, people sit still in cramped and confined conditions for hours when they’re travelling a far way. But warns Dr Helen Okoye, a medical expert and spokesperson for the World Thrombosis Day (WTD) campaign, prolonged periods of inactivity can be dangerous. “When our bodies are in a

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 Adedapo Adesanya Nigeria’s e-commerce revenue is expected to rise by 477 per cent to $75 billion in 2025 from the current $13 billion per annum, according to a forecast presented by the Federal Ministry of Industry, Trade and Investment. The projection was given by Mrs Evelyn Ngige, Permanent Secretary of the ministry on Tuesday in Abuja at the second national e-commerce roundtable organised by the ministry. Mrs Ngige, while speaking at the event themed e-Commerce in Post COVID-19 Economy, Potential Change in Business Process Outlook and Shifting Domestic and Global Policies on Commodity Trade, pointed out that Nigeria’s e-commerce

By Modupe Gbadeyanka Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA) ‎has unveiled plans to use its upcoming fair to improve investment inflow in the country through public-private partnerships. Second Deputy President and Chairman of Kaduna international trade fair (KITF), Mr Suleiman Aliyu, addressing journalists at a press briefing, explained that recent reports suggest that to address Nigeria’s huge infrastructure challenges would require between $12 to $15 billion yearly for the next six years to meet its infrastructure requirements, adding that it has become evident that the federal government alone cannot muster the resources to meet this need. He

By Dipo Olowookere One of the two Ecological Intervention Projects approved by President Muhammadu Buhari for Abia State has been commissioned by the Minister of State for Agriculture and Rural Development, Mr Heineken Lokpobiri. In the first quarter of 2017, President Buhari approved 26 Ecological Intervention Projects and Abia State got two of them. At the commissioning, the Minister charged the community where the project was sited to cherish and take responsibility to own and maintain it to ensure its sustainability. He also urged them to “prevent indiscriminate dumping of refuge in the drainage channels.” Business Post reports that the

A move aimed at easing the impact of the lockdown and restricted movements as a result of the COVID-19 situation in Nigeria has been made by 9mobile. The leading telecoms service provider in the country has expressed its support for the launch free COVID-19 online screening and teleconsultation service for all Nigerians. This service is to be provided by Mobihealth international, an award-winning telemedicine provider. The free online COVID-19 teleconsultations and screening are limited to a daily cap on a first-come-first-served basis. Speaking in Lagos, the state with the highest number of confirmed cases so far in Nigeria, Executive Director,

By Meristem Research Last week, the market closed in the green zone after the index advanced on two out of five trading days. The Nigerian Bourse inched higher by 1.38% Week-on-Week to close at 35,488.81 points, while the top performing stock for the week was LINKASSURE (+11.86%), which closed at NGN0.66. On the other hand, ENAMELWA led the list of laggards (-16.65%) to settle at NGN23.23. Despite the significant sell-offs witnessed on most trading days, the NSEASI closed positive on the back of gains recorded on large cap stocks, particularly DANGCEM, towards the end of the week. Following the significant

By Modupe Gbadeyanka PZ Cussons, a fast moving consumer goods company in Nigeria, has declared a loss in profit for the third quarter ended February 28, 2017. In its financial statements released to the Nigerian Stock Exchange (NSE), the company said its profit after tax depreciated to N1.601 billion from N1.647 billion, representing a fall by 2.8 percent. However, its total turnover for the period under review surged to N57.149 billion in the period under review from N50.656 billion. In the same vein, its cost of sales recorded an increase to N37.925 billion compared with N36.966 earlier recorded by the

By Dipo Olowookere The Irish government has announced the donation of €3 million for the severe humanitarian crisis in Somalia. This announcement was made by the Tánaiste and Minister for Foreign Affairs and Trade, Simon Coveney T.D, and Minister of State for the Diaspora and International Development, Mr Ciarán Cannon. It is estimated that 5.4 million people in Somalia, almost half of the population, are in need of humanitarian assistance. More than 2 million Somalis are internally displaced, 1 million of whom are in protracted displacement, with many displaced for two decades. Over the past month, flooding has compounded an

By Dipo Olowookere Cross River State Governor, Mr Ben Ayade, has disclosed that the state would float its own airline in November 2016. Mr Ayade said the airline would be called ‘Cally Air’ and would be managed by Dana Group under a Public Private Partnership (PPP) arrangement. Speaking in Calabar, the state capital on Monday while receiving a consortium of Indian investors, the Governor said the new venture was to boost tourism investment drive in the state. Mr Ayade said the airline would fly Calabar, Obudu, Lagos and Abuja routes. “We have our own state’s aircraft currently in Aero Contractors’