Aviation

TURKISH AIRLINE COMPLIES_Ada Nkong

Following suspension of its services and subsequent meeting with the Minister of aviation where it pledged to review the airline it flies to Nigeria, Turkish Airline has kept its word. A tweet by the Minister of Aviation, Hadi Sirika on his official twitter handle says the airline flew a bigger craft A330 as against the… Continue reading TURKISH AIRLINE COMPLIES_Ada Nkong

Aviation

TURKISH AIRLINE PLEDGES COMPLIANCE_Ada Nkong

Following the suspension of Turkish Airlines operations into Nigeria for inability to deliver passenger luggage when due, the Acting Director General of the Nigerian Civil Aviation Authority (NCAA) Capt. Abdullahi Sidi, today met with the management of Turkish Airlines at the NCAA Office in Abuja. A statement by Sam Adurogboye GM public relations, at the… Continue reading TURKISH AIRLINE PLEDGES COMPLIANCE_Ada Nkong

Transportation

SHIPPERS COUNCIL HOSTS 2019 STAKEHOLDERS APPRECIATION FORUM _Ada Nkong

The Nigerian Shippers’ Council (NSC) will Wednesday ,12th December, hold its 2019 stakeholder’s appreciation night, at the Lagos Continental Hotel, Victoria Island, Lagos.A statement signed by the Spokesperson says the annual event, which holds by 5pm, is aimed at bringing together key players in the industry to rub minds on critical issues affecting it.According to… Continue reading SHIPPERS COUNCIL HOSTS 2019 STAKEHOLDERS APPRECIATION FORUM _Ada Nkong

ECONOMY · FINANCE · LEGISLATURE

DISCREPANCIES OVER N20 TN EXPECTED REVENUE FROM STAMP DUTY COLLECTION_Ehiabhi Femi

The Senate has mandated its Committee on Finance to investigate the discrepancies of over N20tn expected revenue from stamp duties that should have been paid into the Federation Account by the Central Bank of Nigeria. The CBN, according to the red chamber, collected the amount as stamp duty from banks and financial institutions from 2016… Continue reading DISCREPANCIES OVER N20 TN EXPECTED REVENUE FROM STAMP DUTY COLLECTION_Ehiabhi Femi

ECONOMY · FINANCE

EQUITY SHEDS N143 BILLION TO EXTEND BEARISH RUN TO SEVEN TRADING SESSIONS_Ehiabhi Femi

Investors on the Nigeria Stock Exchange (NSE) on Tuesday lost N143 billion to sustain bearish sentiment to seven (7) consecutive trading sessions, following price depreciation of bellwether stocks.  Consequently, the market breadth closed negative, recording 8 gainers as against 23 losers. In summary, the All-Share Index (ASI) shed 297.10 absolute points, representing a decline of 1.11% to close at 26,384.21 points. Similarly,… Continue reading EQUITY SHEDS N143 BILLION TO EXTEND BEARISH RUN TO SEVEN TRADING SESSIONS_Ehiabhi Femi

ECONOMY

FG ORDERS MDAs TO PUBLISH DAILY SPENDING_Ada NKong

President Muhammadu Buhari on Monday directed the Accountant General of the Federation and all accounting officers to publish daily reports of their spending in the region of N10m while all Ministries, Departments and Agencies of government must do the same for payments above N5m made from public treasury. A statement signed by the Head, Press… Continue reading FG ORDERS MDAs TO PUBLISH DAILY SPENDING_Ada NKong

ECONOMY · POLITICS

FIRS: NAMI IN, FOWLER OUT_Ehiabhi Femi

President Muhammadu Buhari has appointed Mr.Muhammad Nami as the new Chairman of the Federal Inland Revenue Service. His appointment followed the expiration of the tenure of Mr Tunde Fowler on Monday. Announcing the emergence of Nami in a statement, Senior Special Assistant to President Buhari on Media and Publicity, Garba Shehu, said, “Mr Muhammad, a… Continue reading FIRS: NAMI IN, FOWLER OUT_Ehiabhi Femi

Transportation

PHOTONEWS: HASSAN BELLO,IBRAHIM MAGU,DAKUKU PETERSIDE,OTHERS WALK TO END CORRUPTION IN TRANSPORT SECTOR_Ada Nkong

In a bid to curb corruption in the Transportation sector, Nigerian Shippers council collaborated with the EFCC to stage a walk ,Monday in Abuja. The walk took off from EFCC headquarters in Wuse 2 through Transcorp Hilton to the Villa where a summit will hold to mark international Anti-corruption day.Details later

ECONOMY · POLITICS

NEW E-VISA POLICY TO ENCOURAGE INVESTORS-CGI_Ehiabhi Femi Eugene

A new e-visa policy is set to be implemented by the Federal Government of Nigeria. The Comptroller General (CGI) of Nigeria Immigration Service (NIS), Muhammad Babandede, made the announcement at the weekend at the NIS dinner in Abuja. He said: “The e-visa policy will encourage investors to Nigeria thereby generating Foreign Direct Investment (FDI) for… Continue reading NEW E-VISA POLICY TO ENCOURAGE INVESTORS-CGI_Ehiabhi Femi Eugene