Free Float: Transcorp Hotels Gets 3-Year Grace to Comply

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

Are you wholly bowed towards relocating to Nashville, Tennessee? If so, one of the most critical tasks in the moving process involves figuring out where to purchase a home in Nashville. You’re in luck since a wide variety of housing alternatives will be available to you. According to Redfin, there is fierce competition when purchasing a home in Nashville. This is because the city is among the best in the nation for job market expansion. Unfortunately, due to high demand, Nashville’s homebuyers are driving up the prices. Here are some of the key considerations that you should adhere to when

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

Are you ready to enjoy the night views? After reading this article, you will feel like you are on the journey yourself. Let us refresh your memories together and leave some memories for the future. At the different points of enjoyment and excitement, there is Dubai dhow cruise creek dubai available to give you a long-lasting experience. With plenty of exploration and exciting attractions, Dubai is a luxurious city. It is also known as the “City of Gold” with its dynamic destination. In this article, we will explore the dhow cruise creek, which offers many attractions and the best experiences.

By Dipo Olowookere The fear of being thrown into the already filled labour market in Nigeria is giving employees of InterContinental Hotel in Lagos a lot to worry about. This is because owners of the business, InterContinental Hotels Group, have threatened to pull out of Nigeria by Thursday, January 18, 2018. The firm said it was not happy with Messrs Kunle Ogunba, who was appointed the receiver/manager by Skye Bank, following an interim court order. This displeasure was made known in a notice of termination of the agreement dated January 3, 2018. “We had, on various occasions, engaged the receiver/manager

By Aduragbemi Omiyale The Inspector-General of Police (IGP), Mr Usman Alkali Baba, has been ordered by the House of Representatives to prosecute the killers of one Sylvester Oromoni, a student of Dowen College, Lekki, Lagos. The death of the Dowen student has sparked reactions on social media for some days. This was triggered by the video of the painful dying moment of the boy released by his family. Sylvester was allegedly beaten to death by five students of the school over his refusal to join a cult group, according to the family of the deceased. The Lagos State Police Command

By Omoshola Deji One of the primary responsibilities of government is to provide, or regulate the provision of, efficient service to the populace. Successive Nigerian government has failed in this regard. It has become a convention to get inefficient service, despite paying high. Both private and public institutions are culpable, but the latter errs more. Public officials are more of exploiters than service providers. The uniformed ones are worse. You are bound to pay extra before being attended to. Such is the case of the Nigerian Immigration Service. This piece brings you a first-hand account of the anomalies and corruption

By Adedapo Adesanya The Nigeria Security and Civil Defence Corps (NSCDC) has arrested two suspects over attempted diversion of petroleum products to neighbouring countries without an appropriate licence, as well as taking delivery of 17 suspects and six boats intercepted by the Nigerian Navy for oil bunkering activities. The Rivers State Commandant of NSCDC, Mr Abu Abdu Tambuwal, decried the defiant behaviour of individuals dealing illegally in the sale of petroleum products and sabotaging the nation’s economy, thereby contravening the Miscellaneous Offences Act, the Anti Sabotage Act, the Petroleum Act and its regulation. Mr Tambuwal explained that the arrest was

By Dipo Olowookere The money market rates were relatively calm on Tuesday as system liquidity remained buoyant at N244 billion positive. Business Post reports that the average money market rates depreciated by 0.46 percent following the 0.33 percent and 0.58 percent decline in the Open Buy Back (OBB) and Overnight (OVN) rates respectively. The OBB rate dropped to 9.17 percent from 9.50 percent yesterday, while the OVN rate fell eased to 10.00 percent from 10.58 percent. With no significant outflows expected at the market today, the rates are expected to remain stable. Meanwhile, the treasury bills market remained scantily traded,

By Modupe Gbadeyanka Operations of foreign airlines at the Murtala Muhammed International Airport (MMIA) have been moved to the new international terminal of the facility. This followed the directive of the Federal Airports Authority of Nigeria (FAAN) to the airline operators in compliance with an order of the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, a few days ago. During a visit to the Lagos airport, Mr Keyamo asked foreign airlines to move to Terminal 1 of the facility on or before October 1, 2023. However, after a fire incident at the MMIA on Wednesday, FAAN, which oversees

By Aduragbemi Omiyale The House of Representatives has called on the Central Bank of Nigeria (CBN) to ensure commercial banks operating in the country use coins for transactions, stressing that they remain a legal tender. At the plenary on Tuesday, the lawmaker from Bauchi State, Mr Muda Lawal Umar, said the nation spent scarce resources to mint the currency but lamented that it is not used to the fullest. According to him, the refusal to use coins in Nigeria has significantly affected smooth financial transactions, especially Nigerians, who now bear the brunt of prices summed up to the nearest Naira

By Investors Hub Asian stocks advanced on Tuesday as investors remained optimistic about the outlook for Republican tax reform and the World Bank raised its forecast for China’s growth in 2017, citing rising household incomes and a recovery in global trade. The U.S. House of Representatives is scheduled to vote on the tax bill later in the day, while a vote in the Senate is expected to follow shortly on the heels. China’s Shanghai Composite index jumped 28.62 points or 0.88 percent to 3,296.54, reflecting gains in other regional markets and overnight gains on Wall Street. Hong Kong’s Hang Seng