Private Firm Takes Over Kwara Hotels

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

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 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 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 Gbolahan Oluyemi The Asset Management Corporation of Nigeria (AMCON) was established in 2010 basically to recover non-performing loans. However, 10 years after AMCON’s creation, it is still battling with unrecovered debts.  Just recently, the corporation disclosed that the N4.4 trillion owed by debtors was greater than the federal government’s entire capital expenditure budget. The amount owed to AMCON is greater than the budgeted personnel cost of the federal government. Over the years, AMCON had sought more powers to enable the corporation effectively discharged its duties. The agency has continuously lobbied for a review of the legislations guiding its operations.

By Investors Hub The major U.S. index futures are currently pointing to a slightly higher opening on Friday, with stocks likely to add to the modest gains posted in the previous session. A positive reaction to the latest batch of earnings news may contribute to initial strength on Wall Street, with Coca-Cola (KO) moving notably higher in pre-market trading after reporting better than expected third quarter results and raised its full-year guidance. Shares of American Express (AXP) may also move to the upside after the credit card giant reported third quarter results that exceeded analyst estimates on both the top

By Dipo Olowookere Residents of Osun State have been urged to imbibe the culture of contributing to governance through the payment of tax to the government. Speaking at the inter religious service last week in Osogbo, the state capital, the state Governor, Mr Rauf Aregbesola said if the people of  the state pay their tax as well as their dues, Osun will earn N5 billion monthly. At the programme organised to usher in the new year at the Governor’s Office in Abere, Mr Aregbesola emphasised that government cannot survive without the payment of tax. “Lagos State earns N1 billion daily

By Ebitonye Akpodigha Tuesday, September 27, 2016, federal, state, local governments and other stakeholders will gather in Ogun State to discuss the present economic situation in the country, with a view to finding a way out of it. The meeting, hosted by the Minister of Finance, Mrs Kemi Adeosun, is packaged under the umbrella of the National Council on Finance and Economic Development (NACOFED) 2016 conference. A statement issued Sunday by her aide. Mr Festus Akanbi, disclosed that the meeting would precisely take place in Abeokuta, the state capital. According to Mr Akanbi, the state Governor, Mr Ibikunle Amosun, is

By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited has expressed worry over the high price of cooking gas, known as Liquefied Petroleum Gas (LPG). The Group Managing Director of the agency, Mr Mele Kyari, said efforts are already being made to address the issue, assuring that the price would soon normalise. Speaking at the inauguration of the Emadeb Energy Services Limited’s 120MT LPG Storage and Bottling Plant in Abuja, Mr Kyari blamed supply shortage for the problem, noting that the NNPC was working to there is enough supply in the market. He said the supply shortage was caused

By Dipo Olowookere Mr Samuel Turoti has been unanimously removed as Chairman of Staco Insurance Plc and replaced by Mr Muhammad Aliyu. the board of directors of the insurer has announced. The decision to remove Mr Turoti as Chairman of the firm was taken at the board meeting held on Wednesday, December 11, 2019 in Lagos, a disclosure from the company disclosed. No reason was given for this action, but according to the notice sent to the Nigerian Stock Exchange (NSE), the former Chairman will remain on the board of the company. “We wish to notify the Nigerian Stock Exchange,

By Olukayode Kolawole Managing Director of Jumia Travel, Mr Kushal Dutta, has disclosed that the foremost online travel agency records double digit growth on a monthly basis. Mr Dutta, during a media chat last Friday at the company’s office in Lagos, stated that Jumia Travel has grown 4,000 times from where it started, saying the growth has been double digit which the organization achieved every month. Explaining what the firm does, Mr Dutta said Jumia Travel offers accommodations ranging from guest houses to luxury hotels that meet the need of both the higher and the middle classes set of customers.

By Ahmed Rahma Due to their inability to meet the required basic standard of Good Manufacturing Practice (GMP), the National Agency for Food and Drug Administration and Control (NAFDAC) has shut down six local manufacturers of finished pharmaceutical products. This was disclosed by the Director-General of NAFDAC, Prof. Mojisola Adeyeye, who noted that the affected firms were closed following nationwide surveillance on their manufacturing activities. She said that despite appropriate notification, the local manufacturing companies failed to meet minimum GMP standards in line with extant requirements which are required to assure the quality, safety and efficacy of pharmaceutical products. According