Nigerians Call for Revocation of Dana Air Operating Licence

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 Aduragbemi Omiyale In line with its expansion drive in Africa and Nigeria, in particular, three new hotels have been opened by Radisson Hotel Group in Lagos and Abuja. The hotels add over 400 rooms to the company’s portfolios in Nigeria, comprising 11 hotels in operation and under development, placing the group firmly on track to reach their objective of 15 hotels in Nigeria by 2025. The hospitality company said the additions include the highly anticipated debut of the bold and cutting-edge upscale lifestyle Radisson RED brand. The new Radisson RED Lagos, scheduled to open in the fourth quarter of

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 Federal Government has approved funds for the establishment of a limestone granule factory in Ebonyi. In a statement issued in Abakaliki on Friday by Mr Chooks Oko, Special Assistant on Media to Governor David Umahi, it was stated that the factory, located at Okpoto in the Ishielu Local Government area, had arrangements for constant power supply in the area and the neighbouring communities to Ebonyi. “Let me announce to Ishielu people that before the next two weeks, you will be having constant power supply along those corridors, from Okpoto to Isu, to Onicha communities. “We have

By Dipo Olowookere Globally renowned rating agency, Fitch Ratings, has said that access to foreign currency at banks in Nigeria has increased lately especially since the Central Bank of Nigeria (CBN) introduced a foreign exchange “window” at end-April aimed at investors and exporters. In a statement on Wednesday in London, Fitch noted that the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the “Investors’ and Exporters’ FX Window”, appears to be boosting FC supply and the flow of FC liquidity into the banking system. Improved access to FC means that liquidity pressures have, for now, eased

By Adedapo Adesanya The National Insurance Commission (NAICOM) has disclosed that it will start profiling insurance companies with huge unsettled claims for necessary regulatory action. This was disclosed by the Commissioner for Insurance, Mr Sunday Thomas, at the 2020 insurance directors’ conference, organised by NAICOM and the College of Insurance & Financial Management (CIFM) in Lagos on Tuesday. He noted that the era of a huge backlog of claims should no longer be associated with insurance companies, urging those responsive to the plight of their clients in prompt settlement of claims to sustain the good business conduct. Mr Thomas charged

Ecobank scored a major victory at the Supreme Court on Friday as it won in a N5.5 billion debt dispute against Honeywell and its sister firms, Anchorage Leisures Ltd and Siloam Global Ltd. The Supreme Court dismissed an appeal by Honeywell Flour Mills Limited challenging the judgement of the Court of Appeal in the debt dispute with Ecobank Nigeria Limited. The five-member panel of the Supreme Court, led by Justice Tijjani Abubakar, delivered the judgement that Honeywell, Anchorage, and Siloam were indeed indebted to Ecobank. In the lead judgement delivered by Justice Emmanuel Agim, the Supreme Court declared the verdict

By Dipo Olowookere For a while now, there have been reports that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, would be contesting for the highest political position in the country in 2023. According to the reports, some powerful persons on the corridors of power are positioning the respected banker to become the president of Nigeria next year. These reports have continued to generate reactions and for some, it was an opportunity to pounce on the former group managing director of Zenith Bank Plc. Recently, a group of friends of the CBN chief known as the

By Ahmed Rahma After purchasing $1.2 billion worth of the world’s largest electronic currency, Bitcoin, Tesla has said it will start accepting the cryptocurrency as means of payment for its electric cars. The Chief Executive Officer of the company, Mr Elon Musk, made this disclosure via a Twitter post on Wednesday. “You can now buy a Tesla with Bitcoin” he tweeted, noting that this payment option is only available to customers in the United States for now, with plans to include others later. He added that Tesla will only use internal and open-source software and that any Bitcoin paid to

By Dipo Olowookere President Muhammadu Buhari has been urged to urgently carry out a cabinet reshuffle so as to deliver the good dividends of democracy to the citizens. At a press conference held in Lagos on Thursday, the Centre for Anti-Corruption and Open Leadership (CACOL), which made this plea, also advised the President to relinquish his position as the Minister of Petroleum Resources so as to allow him focus more on other issues. Executive Director of CACOL, Mr Debo Adeniran, said President Buhari should resign as oil Minister so as to concentrate “his energy on supervisory roles over all ministries

Heritage Bank Plc has joined the world to commemorate the 2020 World Malaria Day, amid fears that paying much emphasis on the novel Coronavirus Pandemic could reinforce progress on the mosquito-borne disease, especially in Africa. The theme of the World Malaria Day 2020, is entitled Zero Malaria Starts with Me, which is a grassroots campaign, first launched in Senegal in 2014Malaria. In canvassing for fight against the malaria scourge and calling on all stakeholders to take proactive action in renewing their focus on eliminating malaria by 2030 as targeted by World Health Organisation (WHO), the MD/CEO of the bank, Mr