Economy
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Immigration clears 60,000 passport backlogs in four days – FG
The Minister of Interior, Dr Olubunmi Tunji-Ojo, has confirmed the clearance of about 60,000 passport backlog in four days out of over 200,000 pending passport applications. This is consequent upon the directives given to the immigration service by the minister to ensure clearance of all pending passport applications within two weeks. Tunji-Ojo made this known when the Minister of Humanitarian…
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MSMEs: 1.3 million to get jobs in 17 states, FCT
In a bid to complement the Federal Government’s efforts to improve the economy and create more jobs, a group of partners in the Micro, Small and Medium Enterprises (MSME) space are set to execute various MSME-focused interventions, targeting 1.3 million beneficiaries across 17 States and FCT. The MSME and Job Creation Unit of the Vice President’s Office which is coordinating…
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African carriers need additional 160 aircraft by 2042 – Airbus director
Mr Joep Ellers, Airbus Airline Marketing Director for Africa, had said that African carriers will need at least 160 new passenger and freighter aircraft to meet the rising demand by 2042. Ellers made the assertion on Tuesday in Abuja while addressing newsmen ahead of Aviation Africa Summit and Exhibition scheduled to hold on Sept. 13 to Sept.14. in Abuja. According…
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Olam denies fraud allegations in Nigeria, orders review
Olam Group Ltd.’s shares tumbled the most in over three years after the agricultural commodities trader denied allegations of a multibillion dollar fraud in Nigeria and ordered a review into the matter. The company categorically denies the allegations about Olam Nigeria and its subsidiaries, and refutes all “baseless and inflammatory statements,” it said in a filing to the Singapore exchange…
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NASENI CEO charts new course for management, staff
The new Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu, has charged the management team to commit fully to the new direction being charted for the agency. Halilu stated this Monday, as he began receiving operational briefings from the agency’s management and senior staff. He reiterated that under his watch, NASENI will…
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NCC regional workshop identifies multiple taxation as barrier to Nigeria’s economic growth
Nigeria’s potential for substantial economic growth within the West African region is being stifled by the burden of multiple taxation, often labeled ‘nuisance taxes’ by the World Bank. This was revealed by the Executive Commissioner for Stakeholder Management, of the Nigeria Communications Commission (NCC), Adeleke Adewolu. Speaking at the Regional Stakeholders Workshop on Multiple Taxation and Regulations, Adewolu listed the…
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BREAKING: UAE visa ban lifted, after Tinubu’s meeting with UAE president
The United Arab Emirate has lifted the visa ban placed on Nigerian travellers after President Bola Ahmed Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, met on Monday in Abu Dhabi. According to a statement issued by a spokesperson to the president, Ajuri Ngelale, President Tinubu was also able to finalse a historic agreement, between…
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FG approves United Nigeria Airlines’ licence to fly six countries
The Federal Government says that United Nigeria Airlines has been granted permission to operate international flights in six nations. The Ministry of Aviation and Aerospace Development who disclosed this said the airline will operate international flights into the United States of America (U.S.A), the United Kingdom (UK), the Netherlands, Italy, Ireland, and the United Arab Emirates (UAE). The approval was…
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NASDAQ invites Tinubu to bell close of trading session on September 20
President Bola Tinubu has been invited by the US Chamber of Commerce to ring the NASDAQ closing bell on September 20. The NASDAQ (National Association of Securities Dealers Automated Quotations) is a stock exchange. However, unlike other stock exchanges like the NYSE (New York Stock Exchange), there are no physical trading floors. The ringing of the closing bell signifies the…
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BREAKING: First indigenous chartered accountant, Akintola Williams, dies at 104
Nigeria’s first indigenous chartered accountant, Chief Akintola Williams is dead. The renowned accountant died around 9:00am on Monday, aged 104. More details later…
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