National Aviation Services Backs #VisaFreeAfrica

By Aduragbemi Omiyale A small aircraft crashed near the Murtala Mohammed International Airport (MMIA) in Ikeja, Lagos. The yet-to-be-identified helicopter, which is said to belong to a private owner, reportedly crashed in the Oba Akran area of Lagos State on Tuesday afternoon. According to reports reaching this newspaper, the pilots survived the air disaster. Two pilots were said to be flying the chopper when it burst into flames after it fell into a private property in the area. At the time of filing this report, we are yet to confirm what was responsible for the ill-fated helicopter crash. However, some

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 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 African Export-Import Bank (Afreximbank) went home with seven awards at the Bonds, Loans & ESG Capital Markets Africa Awards 2023 held recently. The awards, launched in 2015, promote the importance and sophistication of Africa’s financial services sector and its pivotal role in accelerating economic development on the continent. Afreximbank’s success at this year’s awards reflects its increasingly well-established leadership position in the loan and debt capital markets on the continent across the main industry sectors. The 8th Annual Bonds, Loans & ESG Capital Markets Africa Awards recognised and showcased the most innovative and groundbreaking deals from

By Investors Hub The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to regain some ground after moving mostly lower over the course of the previous session. The markets may benefit from bargain hunting following the weakness seen in the technology sector over the past few days. Positive sentiment may also be generated by a report from the Commerce Department showing personal income and spending both increased in line with economist estimates in the month of June. Overall trading activity may be somewhat subdued, however, as traders look ahead to the Federal Reserve?s

By Dipo Olowookere Shares of Mutual Benefits Assurance, Ardova and others were the worst-performing at the nation’s stock market on Tuesday as investors offloaded them. Mutual Benefits lost 10 per cent to settle at 36 kobo per unit, while Ardova depreciated by 9.97 per cent to close at N16.25 per share. Also, Champion Breweries declined by 9.69 per cent to N2.05 per unit, The Initiates went down by 9.62 per cent to 47 kobo per share, while Sterling Bank dropped 8.75 per cent to N1.46 per unit. On the flip side, Academy Press was the best-performing stock yesterday with a

By Ahmed Rahma A new study has shown that the Pfizer BioNTech COVID-19 vaccine is effective against the highly infectious variant of the virus detected in the United Kingdom. A study by the United States’ drugmaker confirmed this on Wednesday. It said the results of the study were based on an analysis of the blood of participants in trials which contains more extensive analysis than those released by Pfizer last week. Last week, Pfizer said a similar laboratory study showed the vaccine was effective against one key mutation called N501Y found in both of the highly transmissible new variants spreading

By Modupe Gbadeyanka In order to get funds to execute some of its short-term operations that could improve profitability and margins, the management and board of Flour Mills of Nigeria Plc have concluded to sell commercial papers worth N5 billion to interested investors in the local debt market. Business Post gathered that the flour milling company is offering the notes, which are part of the N100 billion CP programme, at a discount rate of 8.88 percent, with an effective yield of 9.50 percent. It was learned that application for the exercise is expected to close on Thursday, December 12, 2019,

By Dipo Olowookere In order to enhance its position as a fully integrated national energy company, ready to prosper despite the changing dynamics of the global oil and gas industry, the management of Nigerian National Petroleum Corporation (NNPC) says it is fine-tuning its strategies. A release by Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, said the Group Managing Director of the corporation, Dr Maikanti Baru, disclosed this at this year’s NNPC First Quarter 2018 Top Management Steering Committee (Steerco) Meeting held at the NNPC Towers in Abuja, weekend. Dr Baru, who admitted the tremendous changes at play

By Adedapo Adesanya Oil prices settled lower on Friday after the Islamist group, Hamas, released two US hostages from Gaza, a move that calmed the market from expecting a further escalation. Brent crude futures fell by 22 cents or 0.2 per cent to settle at $92.16 a barrel and the US West Texas Intermediate (WTI) crude dropped 62 cents or 0.7 per cent to close at $88.75 a barrel. Hamas’ armed wing released two US hostages from Gaza, a mother and her daughter, leading to hopes the Israeli-Palestinian crisis could de-escalate without engulfing the rest of the Middle East region

By Dipo Olowookere The management of Emerging Markets Telecommunication Services Ltd. (EMTS), trading as 9mobile in Nigeria, has apologised to its numerous subscribers experiencing some disruptions with voice, SMS and data services. The telecommunication firm, which is reputed for quality service delivery, disclosed in a statement on Wednesday that the hiccup was due to a “technical issue.” It was further explained that there was a network outage in one of the company’s data centres which resulted in the service disruption. However, 9mobile’s Vice President in charge of Regulatory & Corporate Affairs, Mr Ibrahim Dikko, said in the statement that, “Our