Jumia Deepens Market Offerings With Cruise Travel

By Modupe Gbadeyanka The Nigeria Air project of the immediate past administration of President Muhammadu Buhari has been suspended by the current government of Mr Bola Tinubu. The suspension of the national carrier project was carried out by the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, who served in the previous administration as the Minister of State for Labour and Productivity. Speaking during a tour of the Murtala Muhammed International Airport (MMIA) in Lagos, Mr Keyamo also announced the suspension of the concession of the airports. He said both the suspension of the Nigeria Air project and the

By Adedapo Adesanya The average fare paid by air passengers for specified routes single journey in Nigeria saw a marginal increase of 0.002 per cent between April and May 2023. This was disclosed by the National Bureau of Statistics (NBS), which said in its Transport Fare Watch for May 2023 the cost paid per passenger rose from N74,947.30 in April 2023 to N74,948.78 in May 2023. On a year-on-year basis, the fare rose by 34.06 per cent from N55,906.86 in May 2022. On a year-on-year basis, the fare rose by 11.30 per cent when compared with the value in May

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

By Adedapo Adesanya The Nigeria Civil Aviation Authority (NCAA) has suspended the operations of Max Air in Nigeria for a series of irregularities. In a letter NCAA/DG/AIR/11/16/363, signed by Director, Operations Training & Licensing, Mr Ibrahim Bello Dambazau, for the Director General of Civil Aviation, Mr Musa Nuhu, the authority directed the suspension of Parts A3 and D43 with regards to the operation of Max Air’s Boeing 737 aircraft type with immediate effect. Parts A3 deals with the airline’s Aircraft Authorization, and D43 deals with Aircraft Listing of the Operations Specifications issued to Max Air Limited. This simply translates that

By Modupe Gbadeyanka Investors’ confidence in the nation’s capital market is gradually returning and this was reflected in the activities on the floor of the Nigerian Stock Exchange (NSE) today. The stock market appreciated by 0.19 percent on Friday to extend the gains to the second trading session. The volume of equities transacted by investors broadly increased today with 1.8 billion shares worth N6.3 billion exchanged hands at the close of business on Friday. This is in contrast to a total of 217.8 million shares traded by investors on Thursday for N11.7 billion in 3,088 deals. The positive momentum was

By Aduragbemi Omiyale There are plans to add more schools to the Re-imagine Education program of Airtel Nigeria and the United Nations Children’s Fund (UNICEF) in Nigeria. In December 2022, both organisations launched the initiative to transform education, leveraging the power of technology to enhance teaching and learning experiences for children across the country. With a shared vision of empowering children through education, Airtel and UNICEF have been working together to provide innovative solutions that bridge the digital divide and create equal opportunities for all children. The two parties have promised to continue to work hand in hand to expand

The process of appointing two international banks as joint lead managers and a local bank as financial adviser for the planned Federal Government Medium Term Note (FGMTN) Programme (2016-2018) as well as the issuance of $1 billion out of the $4.50 billion FGMTN programme in 2016 has commenced. The agency handling this on behalf of Federal Government is the Debt Management Office (DMO). The Nigerian government is also seeking to retain the services of an international and Nigerian law firms which will act as joint legal advisers for the FGMTN. The legal advisers will be appointed separately by the DMO.

By Dipo Olowookere One of the oil companies operating in Nigeria, Eterna Plc, has borrowed N3 billion from the commercial paper market, Business Post has confirmed. The N3 billion raised in commercial papers is the first series of the N10 billion CP debt issuance programme launched by the oil firm. It was gathered that the exercise was successful as investors keyed into the vision of the company, which is raising the fresh capital to boost its operations. In October 2018, the Eterna Plc informed the Nigerian Stock Exchange (NSE) that it was selling the commercial papers to willing investors to

By Dipo Olowookere Mobile network, MTN’s two new package deals have been measured and found wanting by a company that helps people reduce their cellphone bills. After assessing MTN’s new deals packages, MTN Sky and My MTNChoice + Talk, Traffic said that the operator’s efforts fell short of beating what is already on offer. MTN’s new offerings follow hot on the heels of those by other players in the market. Cell C recently launched Pinnacle and a cash-back campaign. Vodacom’s Plus packages and Telkom’s FreeMe are also relatively new arrivals. “It is clear that while Telkom is pushing the envelope

By Modupe Gbadeyanka Last weekend, distributors of Dangote Cement Plc were rewarded by the company for their unflinching loyalty. They were given N2.4 billion as their sales bonus for 2016, while the company promised to give them N5 billion for 2017. Speaking at a ceremony organised to reward the distributors, Chairman of Dangote Cement Plc, Aliko Dangote, who personally handed the cheques to them, enthused that, “Our success story would not have been possible without you, our distributors, who work tirelessly to ensure that the product gets to our customers in every nooks and crannies of the country. “We can

By Adedapo Adesanya Crude oil traded higher on Monday as investors waited for any moves against Russian energy exports that might come out of a meeting of leaders of the Group of Seven (G7) nations in Germany. The seven wealthy nations – the US, Canada, Italy, France, Germany, the United Kingdom, and Japan – on Monday vowed to stand with Ukraine “for as long as it takes”, promising to tighten the squeeze on Russia’s finances with new sanctions that include a proposal to cap the price of Russian oil. Imposing the oil price cap aims to hit Russian President Vladimir

By Modupe Gbadeyanka The Nigerian Stock Exchange (NSE) dusted itself from Tuesday’s huge loss to finish strong on Wednesday, the second trading day for the week. The stock market had suffered a loss of N105 billion after coming from the Easter break. But on Wednesday, April 19, 2017, the market ended positive with a rise of 0.49 percent. The volume of shares transacted by investors today appreciated, though the volume declined, Business Post correspondent reports. A total of 322.3 million shares were traded on the floor of the NSE on Wednesday in 2,907 deals valued at N1.5 billion compared with