FIRS Seals Kabo Airlines, Others over N200m Tax

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 visa ban placed on Nigerian travellers by the United Arab Emirates (UAE) has been lifted after President Bola Tinubu held talks with the leader of the United Arab Emirates (UAE), Mr Mohamed bin Zayed Al Nahyan, on Monday in Abu Dhabi. According to Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, both countries finalised a historic agreement, which has resulted in the immediate cessation of the visa ban placed on Nigeria. “Furthermore, by this historic agreement, both Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out

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 Aduragbemi Omiyale A small aircraft crashed near the Murtala Mohammed International Airport (MMIA) in Ikeja, Lagos. The yet-to-be-identified helicopter, which is said to belong to a private owner, reportedly crashed in the Oba Akran area of Lagos State on Tuesday afternoon. According to reports reaching this newspaper, the pilots survived the air disaster. Two pilots were said to be flying the chopper when it burst into flames after it fell into a private property in the area. At the time of filing this report, we are yet to confirm what was responsible for the ill-fated helicopter crash. However, some

By Dipo Olowookere Governor Akinwunmi Ambode of Lagos State has moved a step further in strengthening science education in the state with the establishment of a Mobile Science Academy. Recently, the state government sealed a Memorandum of Understanding (MoU) with BASF West Africa to formalise their mutual commitment to the creation of the academy. It was learnt that the move was to further promote science education in the state because the Science and Technology Strategy for Lagos State (2016–2019) recognises Science, Research and Innovation as priority programmes under the Mega City Programme. At the signing ceremony, Governor Ambode stressed the

By Modupe Gbadeyanka An association of facility managers in Nigeria, the International Facility Management Association (IFMA) Lagos Nigeria Chapter, has elected Mr Olalekan Akinwumi as its president. Mr Akinwumi, an Estate Surveyor and Valuer (ESV), is the 14th leader of the group and has promised to focus on establishing sellable research, establishing new collaborations with individuals and organisations and improving on existing ones, expanding the local training to fit the Nigerian environment and building an effective Association as a whole. At the Annual General Meeting (AGM) of the body, the new president expressed his gratitude for being chosen to lead

By Adedapo Adesanya The Naira depreciated by N2 against the US Dollar at the parallel market on Wednesday, August 18 to trade at N517/$1 compared to N515/$1 it sold at the previous session. Also, at the same unregulated segment of the foreign exchange (FX) market, the local currency depreciated against the Pound Sterling by N1 to sell for N707/£1 in contrast to the preceding day’s N706/£1 and lost N1 against the Euro to trade at N606/€1 versus N605/€1 it quoted on Tuesday. Equally, at the Investors and Exchange (I&E) window of the forex market, the domestic currency suffered a fall

The innovative use of technology in the delivery of financial services is eliciting a positive impact on businesses and customers’ experience in Nigeria. Aside from providing a cheaper, faster and user-friendly financial option for Nigerians, fintech solutions are driving financial inclusion, employment creation. With about 30% population of tech-savvy and smartphone-loving millennials, Nigeria is a huge market for fintech services. This generation of digital natives wants their financial transactions completed seamlessly. They crave prompt OTP and instant credit. Felix Elugbadebo, a legal practitioner and technology enthusiast in Lagos fits into this description.  Jumia fintech product avails him of the hassle

By Dipo Olowookere The 2017 budget recently passed by the National Assembly would be signed by the Acting President, Professor Yemi Osinbajo, on Thursday, June 1, 2017, the Vanguard is reporting. The reputable news platform said a source told its correspondent in Abuja that the signing ceremony will take place by 9am at the Presidential Villa. Expected to witness the ceremony are the Senate President, Mr Bukola Saraki; Speaker of the House of Representatives, Mr Yakubi Dogara; and other top government officials. Mr Osinbajo will sign the 2017 appropriation bill in the absence of President Muhammadu Buhari, who is presently

By Adedapo Adesanya The Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Mr Mohamed Buba Marwa, has offered an amnesty to those still involved in the illicit drug business, urging them to turn over a new leaf or risk losing their freedom and assets in the new year. In his new year message, the anti-drug champion said the NDLEA and its workforce are moving into 2022 with a resolution to rid the country of illicit substances and “to continue our aggressive pursuit of drug cartels, barons and traffickers anywhere they may be within the country or even

By Dipo Olowookere The future of the cryptocurrency market in Nigeria looks brighter and it is one sector that can be used to empower the youths, a leading global peer-to-peer fintech, Paxful, has projected. The CEO and co-founder of Paxful, Mr Ray Youssef, speaking at a stakeholders’ forum organised recently in Lagos to chart a course for the industry, said he is impressed with the adoption of digital assets by Nigerian youths. “The adoption of cryptocurrency by Nigerian youth in recent time is quite impressive. What is most striking is the success they have made with cryptocurrency with only a

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