Italy Pledges €1.4m Investment to Preserve Kanyaka Island in Moçambique

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 Chief Operating Officer of Air Peace, Mrs Toyin Olajide, has refuted the claims by the former Minister of Aviation, Mr Hadi Sirika, that the company stopped its flights to Dubai over its lack of capacity. The airline operator also punctured the claims by Mr Sirika that Air Peace incurred of loss of about $19 million for keeping two Boeing 777 aircraft idle for several months. On Sunday, during an interview with Arise Television, the ex-minister, while praising Ethiopian Airlines, stated that Air Peace leased ‘two’ Boeing 777 aircraft on a monthly lease fee of $250,000, parked

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,

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

**Says N1.5trn Spent on Power in Two Years By Adedapo Adesanya Nigeria has spent over N1.5 trillion in the last two years in its bid to revamp and strengthen the power sector in the country, Vice President, Mr Yemi Osinbajo, has disclosed. Mr Osinbajo, who spoke through the Minister of State for Power, Mr Saleh Mamman, at the premises of Kainji Hydro power plant in Niger State, said the President Muhammadu Buhari-led administration was commitment to alleviating the electricity problems faced by Nigerians. According to him, government is putting in place policy reforms that will guarantee access to affordable electricity for

By Modupe Gbadeyanka In order to make its customers have seamless online transactions through a safe and secure way, Ecobank has introduced a virtual card. The digital payment solution has been integrated into the digital banking channel of the financial institution known as Ecobank Mobile App. A statement issued by the lender at the weekend said all Ecobank current, savings and Xpress account holders who are onboarded on the Ecobank Mobile app can now access a virtual card for their online payment needs. “The Ecobank Virtual Card is a safe and secure way to make online payments without having to

By Dipo Olowookere The World Bank Group has projected that Nigeria would record economic growth of 2.9 per cent in 2023 amid the headwinds, especially relating to crude oil production hampered by theft, warning that global commodity prices could dampen growth in Nigeria and others in the sub-Saharan African region in the year. In 2022, Nigeria’s economy slowed as a result of aggravated inflation, floods, and crude oil theft. The global lender believes that the effects of these challenges will extend to this year. In a report released on Tuesday, World Bank noted that this year, sub-Saharan Africa would collectively

Anyone who owns a holiday home or flat would love to have it fully booked all through the year. With travelling abroad still seen as risky, many Nigerians will be holidaying locally during the coming holidays instead of going overseas. How do you make your vacation rental stand out so that people notice it when they’re booking online? And once they’ve stayed there, they’ll love it so much they’ll definitely recommend it to others? Ideally, you’ll want your holiday rental to grab attention but also look like a welcoming space where people can relax and enjoy being together. You want

By Investors Hub Asian stocks ended mixed on Wednesday even as Federal Reserve Chair Jerome Powell’s upbeat economic view bolstered investor confidence in the world’s largest economy. In testimony before the Senate Banking Committee, Powell on Tuesday offered a positive outlook for the U.S. economy and reiterated that gradually raising interest rates is “the best way forward.” He also downplayed the potential negative fallout from the ongoing U.S.-China trade dispute. China’s Shanghai Composite Index fluctuated before closing down 9.69 points or 0.4 percent at 2,788.44. Hong Kong’s Hang Seng Index eased 64.26 points or 0.2 percent to close at 28,117.42.

By Usama Dandare With regard to federal government’s decision of August 4, 2016, instructing Nigerian banks to provide forex to the country’s intending Hajj pilgrims at N197 per Dollar. This follows after the government ordered similar forex reduction for Christian pilgrims going to Jerusalem at N160 per Dollar earlier this year. It’s disgusting and bitter to comprehend that the Buhari Administration of all is meddling in measures that would not by any means make impact on the well-being of the ordinary citizens and which could portray the regime as one without focus nor priorities. It’s also disturbing that at this

By Modupe Gbadeyanka As part of its efforts to attract foreign capital into the country, the Central Bank of Nigeria (CBN) has further worked with the FMDQ Holdings Plc to introduce a 5-year foreign exchange (FX) futures contracts. According to the apex bank, FX futures contracts, which would be traded over-the-counter (OTC), were to show its commitment towards the development of the local currency market. With this latest development, the total number of open OTC FX Futures contracts at the market at any point has risen to 60. Before now, there were 13 contracts, but on Thursday, February 13, 2020,

By Dipo Olowookere The corporate identity of Access Bank Plc may have to change after the conclusion of its merger with Diamond Bank Plc in June 2019, Business Post has learnt. This hint was dropped by the CEOs of Access Bank and Diamond Bank, Mr Herbert Wigwe and Mr Uzoma Dozie respectively at a forum held in Lagos recently While addressing customers of the financial institution, Mr Dozie said Access Bank will retain its name after the merger, while Diamond Bank will definitely lose its. However, he disclosed that the new corporate identity of the new enlarged bank will reflect