FG Boosts Air Safety with N1.7bn Control Towers

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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 In line with its expansion drive in Africa and Nigeria, in particular, three new hotels have been opened by Radisson Hotel Group in Lagos and Abuja. The hotels add over 400 rooms to the company’s portfolios in Nigeria, comprising 11 hotels in operation and under development, placing the group firmly on track to reach their objective of 15 hotels in Nigeria by 2025. The hospitality company said the additions include the highly anticipated debut of the bold and cutting-edge upscale lifestyle Radisson RED brand. The new Radisson RED Lagos, scheduled to open in the fourth quarter of

By Adedapo Adesanya US securities investment startup, Risevest, has announced the completion of its federal registration with the United States Securities and Exchange Commission (SEC) and is now a US Registered Investment Adviser. In a statement seen by Business Post Nigeria, the company noted that this marked a significant milestone for the company since it began rolling out its products in 2020. Aside from the recognition brought by the registration, the company will now be open for partnership and expansion not just to users in Nigeria but other parts of the world. The statement reads in part, “We have some

By Dipo Olowookere Mrs Sade Morgan has been announced as the new Corporate Affairs Director of Nigerian Breweries Plc. Mrs Morgan, who is by this position joining the executive committee of Nigerian Breweries, will be reporting to the Managing Director/Chief Executive Officer, Mr Jordi Borrut Bel. In her role as Corporate Affairs Director, Mrs Morgan will strengthen the company’s non-crisis stakeholder relations and drive a strategy led relationship with government, regulatory organizations, host communities, the media and non-governmental organizations to reinforce the company’s philosophy of Winning with Nigeria. Mrs Morgan started her career in 1993 in legal practice and subsequently

Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, has reiterated the need for collaboration between the bank and Chartered Institute of Bankers of Nigeria (CIBN) on financial inclusion and capacity building with a view to moving the industry forward. Mr Akinwuntan, who was speaking against the backdrop of Ecobank’s giant strides in the digital banking space during CIBN stakeholder’s engagement with the bank in Lagos, noted that partnership with the institute would further boost the financial strategy of the industry regulators. According to him, Ecobank will continue to leverage its digital banking in a sustainable manner to bring banking services

By Adedapo Adesanya The Kaduna State Revenue Service (KADIRS) has promised to grow the state’s Internally Generated Revenue to N100 billion in the next two years. The Executive Chairman of the service, Mr Zaid Abubakar, also said by the end of this year, the state is expected to have increased its IGR by over 80 per cent of its annual budget. Speaking at an awards ceremony to recognise taxpayers who have been consistent in paying their taxes, the state’s chief tax collector said to achieve this goal, KADIRS has come up with medium and long-term collection plans. Mr Abubakar explained

By Adedapo Adesanya Oil and gas company, Nipco Plc, has disclosed plans to pay N5.00 in dividends to new and existing shareholders for the 2022 financial year. The company disclosed this in a notice to the NASD Over-the-Counter (OTC) Securities Exchange, where it trades its securities. The notice indicated that the proposed dividend, which comes with no bonus, will be paid to those who hold the stocks of the company as of the qualification date for the dividend, which was last Friday, July 18. This means only those who hold the oil company’s shares as of the closing session will

By Dipo Olowookere The lack of focus as well as inadequate planning have been identified as two of the major things that ruin businesses in Nigeria. To avoid one’s business from going down the drain, an entrepreneur must key into factors that will strengthen set goals. These were the views of Mr Godswill Ogidi, who is the Chief Executive Officer of Easybiz Universal Company. Mr Ogidi, speaking during the company’s Business Summit held under the theme: ‘Entrepreneurship; one solution to Nigeria’s recession – getting your ideas off the ground’, held at the Easybiz Complex, Isheri–Igando Road, Lagos, said anyone armed

By Dipo Olowookere The Central Bank of Nigeria (CBN) last week unveiled draft guidelines stipulating minimum requirements for enhancing cyber-security in the financial sector. In a circular released by the apex bank, the central bank said it would entertain comments/inputs of Deposit Money Banks (DMBs) and Payment Service Providers (PSPs) operating in the country. In the circular, the CBN explained that these guidelines became necessary due to the recent increase in the number and sophistication of cyber-security threats against the sector. “Due to the recent increase in the number and sophistication of cyber-security threats against Deposit Money Banks (DMBs) and

By Dipo Olowookere Some Nigerians have expressed serious concerns over the scarcity of the new Naira notes in circulation, also a month after the banks were allowed to make them available to their customers officially. On October 26, 2022, the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, at a special press briefing, announced that the bank would redesign the N200, N500, and N1,000 banknotes. According to him, the move was to control the amount of cash in circulation as the central bank had observed that more than 80 per cent of the money in circulation was