inDrive Launches Name Your Price Freight Service in South Africa

By Aduragbemi Omiyale Residents of Delta State will enjoy 2023 Christmas like never before as the management of Leisure Park has decided to take this year’s Christmas extravaganza to the South-South state. Tagged Christmas in Delta, the event will commence on December 1, 2023, and will run through to January 14, 2024, across multiple locations in the 25 local government areas of the state. The Public Relations Officer of Leisure Park, Mr Godday Umukoro, said in a statement that this was part of the company’s determination to ensure Deltans see Christmas in another prism. According to him, Christmas in Delta

By Adedapo Adesanya The federal government, through the Ministry of Aviation, has assured airline operators that it would liaise with the Central Bank of Nigeria (CBN) for the allocation of foreign exchange (forex) to them at a single-digit interest rate as low as 1.5 per cent. However, the central government said it would soon begin to compel domestic airlines to compensate passengers for incessant delays and cancellations of flights. The Minister of Aviation, Mr Festus Keyamo, while speaking on flight disruption challenges during a meeting with the officials of Airline Operators of Nigeria (AON) in Abuja, said efforts would be

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

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 Minister of Budget and National Planning, Mr Udoma Udo Udoma, has refuted reports in some sections of the media on Tuesday claiming that he said Nigeria’s economy will finally be out of recession in 2020. A statement signed yesterday by his Special Adviser on Media, Mr Akpandem James, disclosed that the Minister was misquoted by newsmen. Mr Akpandem pointed out the reporters misinterpreted what his boss said on Monday when he gave a speech at a retreat organized by the National Institute of Social and Economic Research (NISER). “It was learnt that correspondents of the newspapers in

By Adedapo Adesanya The NASD Over-the-Counter (OTC) failed to sustain the growth for the fourth consecutive session on Friday as it depreciated by 0.11 per cent on the back of poor performance by four companies on the platform. This weakened the NASD Unlisted Security Index (NSI) by 0.82 points to wrap the session at 742.70 points compared with 743.52 points recorded at the previous session. It also dragged the market capitalisation of the exchange downwards by N700 million to N645.54 billion from N646.24 billion of the preceding trading day. Business Post reports that the four declining stocks of yesterday were

By Dipo Olowookere Continental Reinsurance Plc has today announced the jury members for the second edition of the Pan-African Re/Insurance Journalism Awards. Afif Ben Yedder, Founder of IC Publications, publisher of leading magazines African Business and New African, will chair the jury this year. Other panellists of the Pan-African Re/Insurance Journalism Awards are William Wallis, Leader Writer, Financial Times; Nadia Mensah-Acogny, Journalist, Forbes Afrique; Michael Wilson, Business & Finance Journalist (freelancer); and Julia Graham, Technical Director, Airmic. Continental Reinsurance, the private sector champion
of the pan-African reinsurance industry is sponsoring the awards. The awards are open to both English and French-speaking

By Aduragbemi Omiyale The Nigerian Exchange (NGX) Limited is witnessing the return of offshore investors, who are giving the administration of President Bola Tinubu a chance based on his policy pronouncements since assuming office about two months ago. Data from the bourse revealed that total foreign transactions performed by investors in the first six months of 2023 rose to N145.08 billion. In the first four months of this year, foreign transactions at the exchange stood at N62.18 billion due to soaring inflation, prolonged FX scarcity, and uncertainties building up to the 2023 elections. However, the report, prepared on a monthly

By Dipo Olowookere The Muslim Rights Concern (MURIC) has said majority of people living in the South Western region of Nigeria are Muslims. Director of the group, Mr Ishaq Akintola, said this while reacting to the Western Nigeria Security Network code-named Amotekun, Yoruba word for leopard. Mr Akintola, who called on Governors of the South West states to rebrand Amotekun because it has its origin in the Bible, emphasised that it would not be possible for Muslims to be a part of it. “Jeremiah 5:6 says, ‘A leopard shall guard over their city’. Amotekun is mentioned in this verse with

By Modupe Gbadeyanka Mid-level financial institution in Nigeria, Fidelity Bank Plc, has announced a downward review of interest rates on all its savings products to depositors. The lender, in an emailed notice to its customers, which was seen by Business Post, explained that its action followed the recent downward review of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN). The bank further stated that the new rates became effective on Thursday, May 28, 2020. Last month, the banking sector regulator announced the downward review of the benchmark interest rate to 12.50 percent after its Monetary Policy

By Modupe Gbadeyanka The exporters of yam to the United Kingdom and the United States have disputed the reports, initially aired by the Africa Independent Television (AIT), purporting that the yams exported after the official flag-off ceremony on June 29, 2017 were rejected at their export destinations. The symbolic event, done at the Lilypond Container Terminal in Lagos by the Minister of Agriculture and Rural Development, Mr Audu Ogbeh, meant to boost the morale of Nigerian exporters and make a bold statement to the global marketplace, has drawn widespread criticisms on various media platforms. A statement issued by the Minister’s