FG Signs Bilateral Air Service Agreements with US, Three Others

By Modupe Gbadeyanka All the employees of Azman Air except for a few senior executives have been sent on compulsory after the management suspended the company’s operations. The leave is without pay, according to a circular issued to members of staff, signed by the Human Resources Manager, Magaji Mohammed Misau. According to Leadership Newspaper, the airline operator took this step because its Boeing 737 aircraft taken abroad for C-check maintenance was yet to return. This has rendered the organisation’s commercial operations useless, especially after the conclusion of the Hajj operations last month. “As you are aware that our domestic operations

By Aduragbemi Omiyale The strong demand for international travel across regions, especially as the airline business recovers from the COVID-19 pandemic of 2020, has helped Emirates Group, one of the big players in the aviation industry, to generate about $18.3 billion in the first six months of the financial year of the firm. On Thursday, the company released its financial statements for the 2023/24 fiscal year, with earnings rising by 20 per cent from the $15.3 billion achieved a day ago. The organisation, in the period under review, illustrated its strong profitability, as net profit went up by 138 per

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.

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 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 new trading week kicked off on a positive note at the foreign exchange market on Monday with the Naira appreciating by 15 Kobo against the US Dollar at the Investors and Exporters (I&E) segment of the market. It was gathered that the local currency was traded at N362.99 against the American Dollar at the Investors window in contrast to N363.14/$ it was exchanged at the last session on Friday, representing a 0.04 percent gain. The gains posted yesterday occurred despite fears nursed by observers that the local currency may not perform well at the market due

By Aduragbemi Omiyale The Lagos State House of Assembly has accused the Central Bank of Nigeria (CBN) of compounding the woes of Nigerians through the Naira redesign policy, which it said has also put the economy in danger. Speaking through its Speaker, Mr Mudashiru Obasa, the Lagos Assembly commended the National Assembly for putting pressure on the Governor of the CBN, Mr Godwin Emefiele, to ensure that Nigerians would still be able to take their old currency notes to the banks after the current deadline of February 10, 2023. At the plenary on Tuesday, legislators in the state parliament noted

The UK is among the first countries to regulate brokers and their relationships with traders. Having a license from the local FCA regulator is prestigious. It ensures that a broker follows international laws and takes responsibility for any breaches. Traders Union (TU) experts will help you identify trustworthy partners and provide a list of fake Forex brokers in the UK to help you spot scams easily. Identifying fraudulent Forex brokers in the UK In this comprehensive analysis, TU’s analysts have uncovered critical warning signs that traders should be aware of when investing in Forex trading.  They have scrutinized several brokerage

By Modupe Gbadeyanka For the first time in 15 months, the inflation rate in Nigeria recorded a drop of about 0.94 percent in February 2017 to stay at 17.78 percent, compared with 18.72 percent it recorded in January 2017. Latest data released by the National Bureau of Statistics (NBS) also revealed that price increases were recorded in all COICOP divisions that yield the Headline Index. However, the major divisions responsible for accelerating the pace of the increase in the headline index were Housing, Water, Electricity, Gas and Other Fuel, Education, Food and Alcoholic Beverages, Clothing and Frontware and Transportation Services.

By Dipo Olowookere Nigerian oil firm, Oranto Petroleum Limited, has signed two production sharing agreements (PSA) in the Ngassa Shallow and Deepwater Play of Lake Albert in Uganda. Oranto Petroleum entered the agreement with the Ministry of Energy and Mineral Development for the Republic of Uganda and will hold 100% participating interests in both licenses. Commenting on the deal, Chairman of the company, Mr Arthur Eze, stated that, “We are excited to enter this agreement with the Government of Uganda and look forward to a successful exploration period.” According to him, “Lake Albert is home to some prime petroleum acreage

By Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a preacher and General Overseer of Christ Living Hope Church, Rev. Ugochukwu Emmanuel, for carrying 54 sticks of drugs suspected to be cannabis. In a statement released by NDLEA spokesman, Mr Femi Babafemi, the suspect was nabbed at the Murtala Muhammed International Airport (MMIA) in Lagos while on his way to a crusade in Nairobi, Kenya. Rev. Ugochukwu, who was arrested on Monday in an outward clearance of passengers on an Ethiopian Airlines flight to Nairobi via Addis Ababa, was said to have wrapped the drugs