Local Nigeria: Travellers Now Go To Neigbouring Countries For Overseas’ Flights July 25, 2020 Ekemini Nigerians who are desperate to travel to long-haul destinations now go to Benin Republic and Equatorial Guinea to catch international flights. Investigations by THISDAY reveal that these two countries did…
Local Nigerian Airlines Bemoan Losses On COVID-19 Evacuation Operations July 24, 2020 Ekemini To non-aviators, the sky remains ever large to accommodate just any bird. This, however, isn’t so for airline operators who have seen the space severely constricted in the last four…
Business Executive Order On Ease Of Doing Business In Nigeria: Knuckling Down To Get Business Done July 24, 2020 Ekemini President Buhari’s administration is on record as being the first to consciously determine to address Nigeria’s perennially low ranking in global ease of doing business (EDB)/ competitive ratings, acknowledging inevitability…
Business U.S. Dollar Continues Slide As Euro Soars Again July 24, 2020 Ekemini The dollar slumped to its lowest in nearly two years on Thursday, as investors continued to sell the greenback on expectations a surge in coronavirus cases will make it difficult…
Local Nigerian Govt Gives Update On Resumption Of International Flight July 24, 2020 Ekemini Mr. Boss Mustapha, Secretary to the Government of the Federation and Chairman, PTF-COVID-19, has called on Nigerians to disregard any “fake news” making the rounds, as the aviation sector was…
Local Security Conditions Worsening For Nigerians – America Reacts To Boko Haram Executions July 24, 2020 Ekemini The United States Government has condemned the executions of aid workers by Boko Haram. The US noted that the situation in Nigeria was deteriorating. The deceased, five males, were shot…
Local Number Of Nigerian Doctors In United Kingdom Rises To 7,875 July 24, 2020 Ekemini India, Pakistan, Nigeria have highest number of migrant doctors in UK Low pay, poor facilities, insecurity forcing doctors out, says NMA No fewer than 7,875 Nigerian doctors are currently practising…
Local We’ve Identified Plans To Generate N18tn Revenue – FG July 24, 2020 Ekemini The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue…
Local Stamp Duty: FIRS Orders Landlords, Agents On 6% Charge Remittance July 24, 2020 Ekemini FIRS Chairman, Muhammad Nami The Federal Inland Revenue Service (FIRS) has called on landlords and property agents to ensure they charge 6 percent Stamp Duty on all tenancy and lease…
Local Five Nigerian Aid Workers Delivering Medical Supplies During Pandemic Executed On Camera July 24, 2020 Ekemini Those executed included aid workers from the International Rescue Committee and Action Against Hunger Jihadists allied to Isil have executed five aid workers who were trying to deliver food and…
Local Pandemic Travel Restrictions Leave Nigerian Mother Stranded In Dubai With Newborn Quadruplets July 24, 2020 Ekemini The quadruplet babies were born July 1 at the Latifah Women and Children’s Hospital in Dubai. (CNN)A Nigerian mother and her quadruplets remain in Dubai because of coronavirus travel restrictions…
Business Nigeria’s Debt To Hit N33 Trillion As Govt Plans Fresh N4.28 Trillion Loan July 24, 2020 Ekemini Nigeria’s debt burden will hit N32.91 trillion as the federal government has notified the National Assembly of a fresh plan to borrow N4.28 trillion to fund the 2021 budget. Daily…
Business Sterling Steady Above $1.27 On Last Day Of Brexit Talks July 24, 2020 Ekemini Sterling stabilized above $1.27 on Thursday on the last day of the Brexit negotiations, with traders looking out for any headlines that may shine some light on whether Britain could…
Business Oil Eases As High U.S. Oil Stocks Outweigh Weak Dollar July 24, 2020 Ekemini Oil prices edged lower on Thursday as a weaker dollar, which usually boosts oil prices, was outweighed by concerns about rising U.S. oil inventories and surging coronavirus cases. Brent crude…
Business Weekahead-Africa-FX-Dollar Dearth Weighs Down Kenyan, Nigerian Currencies July 23, 2020 Ekemini The Kenyan shilling and the Nigerian naira are expected to weaken in the week ahead, mainly because coronavirus disruptions have led to a dearth of dollars. NIGERIA Nigeria’s naira is…
Local Nigeria: Shippers Council, NAICOM To De-Risk Costs At Ports July 23, 2020 Ekemini The Nigeria Shippers Council (NSC), and the National Insurance Commission (NAICOM), plans to collaborate to reduce the cost of doing business through the introduction of insurance cover on containers, and…
Business Local Nigeria: Loan Forbearance Will Enable Companies Survive Covid-19 July 23, 2020 Ekemini Central Bank of Nigeria Governor, Mr. Godwin Emefiele, in this interview after the Monetary Policy Committee meeting spoke about the state of the Nigerian banking sector, the recent exchange rate…
Breaking Business Nigeria: Fed Govt Okays N10.5b For Ports July 23, 2020 Ekemini The Federal Government yesterday approved projects in two memoranda worth above N10.5 billion for the Nigerian Customs Service (NCS). The projects include cargo scanners for the Onne and Port Harcourt…
Banking U.S. Exim Bank Out To Displace China After Record Loan In Africa July 23, 2020 Ekemini Bank finalizes $4.7 billion loan for Mozambique gas project Support could range from power systems to telecommunications The Export-Import Bank of the U.S. opened a new front in the trade…
Local Nigeria: FEC Approves $18.12m For Purchase Of Cargo Scanners To Ease Ports Operations July 23, 2020 Ekemini The Federal Executive Council (FEC), on Wednesday approved the purchase of scanners for the Port Harcourt and Tin Can Island ports to fastract ports operations. The scanners will help ease…
Business CBN Launches New Schemes For Non-Interest Financial Institutions July 23, 2020 Ekemini The Central Bank of Nigeria(CBN) has introduced intervention schemes to cater for non-interest financial institutions (NIFIs). It said in a circular signed by its Director, Financial Policy and Regulation Department,…
Business Bullish Bets On Most Asian Currencies Climb On Vaccine Hopes, China Stability July 23, 2020 Ekemini Investors raised their long bets on the Chinese yuan and most other Asian currencies, a Reuters poll showed, as signs of a recovery in the world’s second-largest economy and news…
World Pandemic Hit To Haj Saddens Would-Be Pilgrims July 23, 2020 Ekemini This year’s haj will be a time of sadness for many Muslims around the world prevented from travelling to Saudi Arabia, but a decision to honour local health and security…
Business Demand For Jail Sentence In Shell And Eni Nigeria Oil Trial July 23, 2020 Ekemini Italian prosecutors are calling for lengthy jail terms to be handed down to the boss of Eni and one of Shell’s top former executives in a trial over alleged corruption…
Business South Korea Enters Recession As Exports Plunge By Most Since 1963 July 23, 2020 Ekemini The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs…
World China Says UK Citizenship Pathway For Hong Kong Residents Violates International Law July 23, 2020 Ekemini A new British policy allowing Hong Kong residents to claim British citizenship is a violation of international law and interferes with China’s internal affairs, China’s embassy in London said on…
Business FG’s July Bonds Oversubscribed By N340.13bn July 23, 2020 Ekemini The Federal Government Bonds for the month of July worth N130bn, which were auctioned on Wednesday, were oversubscribed by N340.13bn, the Debt Management Office has said. The total subscription received…
World China’s Latest Starfish-Shaped Airport Set To Boost Tourism In Northeast July 23, 2020 Ekemini Qingdao, a Chinese coastal city famous for being the headquarters of Tsingtao Brewery, is poised for a major tourism boost with the completion of the new Qingdao Jiaodong International Airport.…
Business UK Airports Lost £10,000 Per Minute Between March And June July 23, 2020 Ekemini ‘This should serve as a wake-up call to government and lead them to finally grasp the severity of the challenge,’ said Karen Dee, chief executive of the Airport Operators Association…
Business IMF Approves Temporary Increase In Annual Access Limits To Financial Support July 23, 2020 Ekemini The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a temporary increase in the annual limits on overall access to resources in the General Resources Account and…
