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 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

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 Adedapo Adesanya The Nigeria Civil Aviation Authority (NCAA) has urged airlines and other service providers in the subsector to comply with the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover. This was disclosed by NCAA Director-General, Mr Musa Nuhu, in a directive contained in an all operators letter, referenced NCAA/DG/AIR/11/16/369 signed August 11, 2023, was addressed to all airlines and allied aviation service providers. According to the NCAA DG, the need for compliance is a sequel to the coming into force of Nig. CARs 2022 on 10th July, 2023 which makes it mandatory for all airlines to

By Adedapo Adesanya Following the resignation of Mr Atedo Peterside last month, Cabdury Nigeria Plc has announced Mr Adedotun Sulaiman as the new chairman of the FMCG company. In a notification to the Nigerian Stock Exchange (NSE) signed by Mrs Fola Akande, Company Secretary/Chief Counsel, the firm said Mr Sulaiman was elected chairman at a meeting of the Board of Directors held on Wednesday, July 22, 2020. His appointment was with effect from his election yesterday. Mr Sulaiman was appointed to the Board of Cadbury Nigeria Plc as a Non-Executive Director in August 2009 and has served on a number

By Dipo Olowookere The recent reported takeover of Etisalat Nigeria by a consortium of 13 banks in the country over an alleged $1.2 billion debt has no doubt made some people develop cold feet, especially thousands of employees at the telecommunications firm. But a senior management official of the company has allayed such fears, assuring that the development will not result into job loss. During a visit of Vanguard’s reporter to the Etisalat’s corporate head office at Banana Island and its annex office at the Oriental Hotel, Victoria Island, both in Lagos, normal activities were still going on as workers

By Adedapo Adesanya Central Securities Clearing System (CSCS) Plc championed the return of the NASD Over-the-Counter (OTC) Securities Exchange into bullish territory as the exchange closed 0.07 per cent higher on Tuesday, March 29. The performance in the stock price of the security depository company expanded the market capitalisation of the bourse by N660 million to N951.46 billion from the N950.80 billion it quoted at the previous session. The bourse had recorded a significant swell at the previous session as Access Bank listed its securities on the platform following its foray into a holding company. At the close of transactions,

By Adedapo Adesanya The situation of things at the foreign exchange (forex) market on Monday, July 15, was a mixed affair as the performance of the Naira against the Dollar varied across segments of the market. At the parallel market, the exchange rate of the local currency to the foreign currency remained stable as it closed at N361.50/$ On the other hand, at the interbank market, the Naira appreciated against the Dollar by 5 kobo or 0.02 percent, closing at N306.95 yesterday against N307 it was exchanged in the previous session. Data sourced from the Financial Market Dealers Quote (FMDQ)

By Adedapo Adesanya The federal government has announced that after six years, it would be halting the conditional cash transfer scheme, which it claims two million Nigerians have benefited from since President Muhammadu Buhari launched it. This was disclosed by the head of the National Cash Transfer Office (NCTO), Mr Ibraheem Adam, in an interview with the News Agency of Nigeria (NAN) at the virtual International Financial Conference in Abuja on Thursday. He noted that the programme, which is expected to end by December 31, 2022, enrolled beneficiaries from the rural areas across 36 states of the federation and the

By Dipo Olowookere The corruption charges levelled against Senator Danjuma Goje by the federal government have been thrown out by a Federal High Court sitting in Jos, Plateau State and the Senator discharged and acquitted by the court. This comes barely a month after the former Governor of Gombe State held a crucial meeting with President Muhammadu Buhari at the State House and was urged to drop his ambition to become Senate President to allow Senator Ahmed Lawan, the anointed candidate of the All Progressives Congress (APC), take the position, which he eventually did. It was gathered that on Thursday,

While the novel coronavirus brought about physical confinement of human activities in many parts of the world, interestingly countries and businesses that have infused digital and innovative technology in their operations have continued to relatively thrive amid the worldwide pandemic. These countries and businesses are deploying emerging technologies to help curb the spread of the virus as well as finding medication; both preventive and curative. Pending the time the world gets successful with discovering a vaccine or cure, people across the globe are increasingly leveraging technology to continue their lives while the fight against the coronavirus persist. Today our new

By Adedapo Adesanya The Naira was relatively stable against the United States Dollar and other foreign currencies tracked at the different segments of the foreign exchange (FX) market on Monday, October 26. The domestic currency closed at N386/$1 at the Investors and Exporters (I&E) window of the market yesterday, the same rate it was exchanged at the investors’ segment last Friday. The stability was sustained on the back of a huge plunge in the demand for FX at the market segment as data from the FMDQ Securities Exchange showed that the turnover for the session went down by $160.19 million