FG To Partner US On Direct Flights To Texas

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.

By Aduragbemi Omiyale One of the wet-lease aircraft in the operations of United Nigeria Airlines has been suspended by the Nigeria Civil Aviation Authority (NCAA). A wet-leased is a leasing arrangement whereby one airline (the lessor) provides an aircraft, complete crew, maintenance, and insurance (ACMI) to another airline or other type of business acting as a broker of air travel (the lessee), which pays by hours operated. The regulator decided to suspend the plane after one of the flights of the airline destined for Abuja from Lagos landed in Asaba, Delta State, over the weekend. While the company claimed the

Iceland, a land of dramatic landscapes and otherworldly beauty, beckons adventurers from around the globe. Whether you’re drawn to the mesmerizing Northern Lights, the sizzling geothermal wonders, or the untamed wilderness, Iceland has something captivating for every traveller. The popularity of Iceland tours has surged in recent years, and it’s no wonder why. This article is your gateway to the top nine captivating holiday packages in Iceland, offering a diverse range of experiences that will leave you spellbound by the Land of Fire and Ice. 1. The Golden Circle: Classic Beauty and Beyond The Golden Circle, one of Iceland’s most

By Modupe Gbadeyanka On October 24, 2023, stakeholders in the tourism industry will gather at the Victoria Yards in Johannesburg, South Africa for the Airbnb Africa Travel Summit to discuss the role of technology in inclusive and sustainable tourism in Africa. A statement from the organisers disclosed that over 200 policymakers, tourism experts, innovators and changemakers are expected at the event, which will have the Minister of Tourism, Ms Patricia de Lille, opening the conference, with Afua Osei, co-founder of She Leads Africa, moderating, and actress and activist, Zozibini Tunzi, presenting the final keynote. Also, the founder of Tech Cabal,

By Adedapo Adesanya Global payment platform, Mastercard, and Pan African payments technology company, Cellulant, have partnered to empower millions of consumers across Africa to join the global digital commerce market. The announcement comes as digital commerce and online shopping is thriving across Africa and the need for safer means of shopping online increases. According to the Economy 2021 Outlook conducted by the Mastercard Economics Institute, 20-30 per cent of the COVID-19-related surge in digital commerce will remain a permanent feature of overall retail spending, and shopping through mobile is largely how consumers access these opportunities. The partnership will enable customers

By Adedapo Adesanya  Shareholders of the African Development Bank (AfDB) have approved the raising of the bank’s capital by additional $115 billion in a bid to stimulate growth and development on the continent. The approval was done at the lender’s shareholders’ meeting held in the Ivorian capital, Abidjan, last Thursday. In a statement released after the meeting, it was disclosed that the capital increase was the largest in the history of the bank following its establishment in 1964. “With the approved increase, the capital of the bank would more than double from 93 billion dollars to 208 billion dollars. “This

By Adedapo Adesanya Crude oil rose on Thursday after falling for three straight sessions, as it outweighed a weaker US Dollar while China’s central bank sought to bolster the economy following recent concerns. The international crude benchmark, Brent crude futures, rose 67 cents or 0.8 per cent to $84.12 a barrel, while the US West Texas Intermediate crude (WTI) was up $1.01 or 1.3 per cent at $80.93 a barrel. Worries about China’s embattled economy and the potential for further increases in U.S. interest rates have depressed the market in the last few days but moves by the Chinese government

By Adedapo Adesanya The Governor of Oyo State, Mr Seyi Makinde, has tested positive for the coronavirus on Monday. He made the announcement via his official Twitter handle on Monday evening. “I just received my COVID-19 confirmation test result. It is POSITIVE. I am asymptomatic and will continue to self-isolate. “I have designated Professor Temitope Alonge, former Chief Medical Director of the University College, Ibadan, as the Head of COVID-19 Task Force while I recover fully. “Please continue to comply with all the directives from the COVID-19 Task Force. Stay home, stay safe,” the Governor said. Mr Makinde will be

By Adedapo Adesanya The Nigerian Immigration Service (NIS) has disclosed that it remitted the sum of N11.68 billion and $22,972 to the federal government coffers between January and August 2019. This was the assertion of the Comptroller General of the NIS, Muhammad Babandede, at the Comptroller General’s annual workshop tagged Migration Management in a Developing Economy: the Role of NIS on Thursday in Benin City, Edo State. Mr Babandede said that NIS was not only a key security agency of government but a service provider and a revenue-generating agency. “In 2018, we remitted the sum of N6,945,585,360 and $36,909,411 to

By Dipo Olowookere Managing Director/Chief Executive Officer of FirstBank of Nigeria Ltd, Mr Adesola Adeduntan, has said the lender remains a leader in implementing the financial inclusion drive of the Central Bank of Nigeria (CBN) and the federal government. Mr Adeduntan made this disclosure in an interview with BusinessDay’s Patrick Atuanya and Endurance Okafor, where he shared insight on how the commercial bank was driving financial inclusion in Nigeria, especially in the Northern region where exclusion rate is high. With over 31,000 agent networks, the lender plans to collaborate with telcos in providing financial products and services to the 36.6

By Carla Harrison If I were to pick up your phone right now, there’s a very good chance that I’d find Spotify among your apps. It is, after all, the world’s most popular music streaming service, with 433 million users (188 million of whom are paid subscribers) in 183 countries. Since its launch in 2008, it’s transformed the way the world listens to music and helps launch the careers of artists around the world. And if you use Spotify, you’re probably also aware that it’s expanded from just music streaming into podcasting, with some 4 million podcast titles joining its

By Adedapo Adesanya All states in the country are on red alert to face the impact of flooding, a new forecast from the Nigeria Hydrological Services Agency (NIHSA) shows. In the 2023 Annual Flood Outlook (AFO) themed Flood Prediction and its Impact, the Minister of Water Resources, Mr Suleiman Adamu, at the Public Presentation of the 2023 Annual Flood Outlook, said that the impact on the Socio-Economic Livelihood of Nigerians predicted that 178 Local Government Areas (LGAs) in 32 States of the federation and the FCT fall within the Highly Probable Flood Risk Areas. These states are Adamawa, Abia, Akwa-