Medview Board to Discuss Impact of COVID-19 on Operations

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

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,

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

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 Dipo Olowookere An empowerment programme has been organised for farmers in Lagos State as part of efforts to boost their capacity and improve food production in the state. The programme was put in place by the Lagos State Agricultural Inputs Supply Authority (LAISA) in conjunction with Harvest Field Industries Limited. A workshop was held for farmers from Badagry District of the state in line with its statutory responsibilities of ensuring adequate training and empowerment. Speaking at the opening ceremony of the training held in Badagry, General Manager of LAISA, Mr Bolaji Balogun, stated that the government was committed to

By Dipo Olowookere Any authorised foreign exchange dealers that fail to adhere strictly to the recently introduced forex policy by the Central Bank of Nigeria (CBN) risks suspension from the market, the apex bank has threatened. The bankers’ bank, in a statement issued on Sunday and signed by its Director in charge of Financial Markets Department, Dr Alvan Ikoku, explained that this latest warning came on in line with its determination to meet forex demand in the market and to further increase foreign exchange availability to all end-users and ensure that a fair and verifiable exchange rate operates in the

By Aduragbemi Omiyale The chief executive of the Nigerian Exchange (NGX) Limited, Mr Temi Popoola, has said the bourse has very big ambitions on sustainability, promising to partner with market stakeholders to attract capital around sustainability. Mr Popoola said this during a physical closing gong ceremony for Guinness Nigeria a few days ago at the exchange. “We have discussed with Guinness the work they are doing around sustainability, and the NGX has very big ambitions on sustainability. “We want to make sure that we are one of the leading exchanges in attracting capital around sustainability. We believe it is the

By Modupe Gbadeyanka As parts of its commitment to improve accounting profession in the country, the Institute of Chartered Accountants of Nigeria (ICAN) has entered into an agreement with the Chartered Institute of Management Accountants (CIMA) for the establishment of an academic research centre for accountants. The proposed research institute, Business Post learned, would be well-equipped to deliver quality work and contribute to the economies of the continent. Speaking at signing of the Memorandum of Understanding (MoU) in Abuja on Monday, President of ICAN, Mr Ismail Zakari, stated that both bodies had been discussing areas of cooperation which also include

By Modupe Gbadeyanka Seven students from Lagos State Schools will represent the state at the South-West zonal finals of the Petroleum Technology Development Fund (PTDF) Emerging Talents Science Competition for Senior Secondary School Students nationwide which will hold in Abeokuta, Ogun State. Permanent Secretary in the Lagos State Ministry of Education, Mr Adesina Odeyemi, who disclosed this on Wednesday, said he is optimistic that the representatives of the state will win the South West Competition in order to represent the zone at the national level. He explained that the competition is in three categories, namely, Essay-Writing on Petroleum Technology; Written/Quiz

By Adedapo Adesanya The bears feasted on the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday on the invitation of Food Concepts Plc and Nipco Plc. At the close of business yesterday, the bears chased out the bulls from the exchange and left the unlisted securities market bleeding by 0.25 per cent. As a result, the NASD Unlisted Securities Index (NSI) slid by 1.83 points to 727.03 points from 728.86 points, while the market capitalisation depreciated by N1.35 billion to N534.05 billion from N535.40 billion. Business Post reports that the share price of Food Concepts, owners of the popular Chicken Republic,

By Dipo Olowookere In order to encourage savings among Nigerians in an easy and reliable way, a company known as Furst Salvo Limited has released a mobile application called Salvo. The app is a platform that helps users save money smartly while also earning lucrative interest payment of between 10 – 15 percent per annum at the same time. Marketing Director, Furst Salvo Limited, Ms Omawumi Jeyema, stated that the savings can be done daily, weekly or monthly for as little as N100, allowing Nigerians begin their journey into financial freedom. As required by the Nigerian law, this product is

By Dipo Olowookere The price of maize at the commodities market depreciated by 1.22 per cent, data obtained by Business Post from AFEX Commodities Exchange Limited on Tuesday revealed. The commodity, which earlier traded at N160,000 per metric tonne, depreciated by N1,944 per metric tonne to N158,056 per metric tonne. Maize is one of the most utilised and multifunctional crops in Africa. It is a major staple food grain not only in Africa, but in many parts of the world like Latin America and Asia and is also used as a major feed in developed countries. The maize grain has