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Air Peace Evacuates 301 Chinese From Nigeria

Air Peace on Thursday night evacuated Chinese nationals to China through the Murtala Muhammed International Airport (MMIA) Lagos at about 2205hrs. The airline carried out the evacuation with its Boeing 777-300 with registration 5N-BWI which airlifted 301 passengers on board carrying 24 crew members. The Nigerian carrier evacuated the Chinese …

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15 Die in Bauchi Canoe Mishap – SEMA

About 15 people were killed in an overcrowded canoe mishap at Gwaskaram village, in Bauchi Local Government Area of the State. Permanent Secretary, Bauchi State Emergency Management Agency (SEMA), Alhaji Shehu Ningi highlighted this in an interview on Thursday, noting that the canoe was carrying passengers from Gwaskaram village area and …

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AfDB Bows to Independent Probe of Adesina

The board of the African Development Bank (AfDB) has agreed for an independent probe of Akinwumi Adesina, its president, after Steven Mnuchin, US treasury secretary, rejected the investigation and report of the bank’s ethics board which absolved Adesina of allegations of favouritism. Bloomberg reports that the board agreed to the …

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FG to Showcase Investment Opportunities at Nigeria Mining Week

Matching the right investors with the right project will top agenda at the new Finance and Investment Day during the upcoming Nigeria Mining Week taking place in Abuja from 26-28 October. “As a booming market in its infancy, the upward trajectory of the Nigerian mining sector is a strong incentive for investors …

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Nigeria’s Oil Export Suffers Set Back as Shell Shuts Bonga Terminal

The Bonga crude oil export terminal, which is operated by Shell Nigeria Exploration and Production Company (SNEPCO), has been shut down. According to Reuters, the Bonga crude oil export terminal will be shut for routine maintenance for 2 weeks and is expected to be done in a record time. In a statement from Shell, the oil …

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CBN Disburses N50bn MSMEs Funds Via MFBs Platform

The Central Bank of Nigeria (CBN), is disbursing the N50 billion COVID-19 targeted credit facility to support households and Micro, Small and Medium Enterprises affected by the pandemic through the Integrated National Association of Banks Unified IT platform (NAMBUIT), deployed by Inlaks for NIRSAL Microfinance Bank. The NIRSAL National MFB is an initiative of the CBN, in collaboration with other major stakeholders, …

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Post Covid-19: Expects Hike In Airfare, Delays – FAAN tells Travelers

There are indications that air passengers in Nigeria will have to be going through series of checks and re-checks from when they arrive till they depart the airport and a slight hike in airfare whenever flight operations resume after the covid-19 lockdown. Already, the Federal Airports Authority of Nigeria (FAAN), …

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Rivers Govt Infected my Manager with COVID-19, Says Owner of Demolished Hotel

Promise Gogorobari, owner of Prodest Hotel, Eleme, which was demolished for allegedly flouting lockdown order in Rivers, has accused the state government of infecting his manager, with COVID-19. In a statement, Gogorobari said his manager was healthy before he was detained on the orders of Nyesom Wike, the governor. Paulinus …

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ET Denies Contract to Evacuate Nigerians from Canada, But Evacuates 187 Canadians from Lagos

Ethiopian Airlines has said it has not yet been contracted to evacuate Nigerians from Canada explaining that that is the responsibility of the Nigerian Government and its agencies to choose partners for such evacuation. This is just as the airline has evacuated 187 Canadians and resident permit holders from Nigeria …

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WAPIC Insurance Pays N4.1bn Claims to Policyholders

Wapic Insurance Plc has paid N4.1 billion as gross claims to Policyholders who suffered insured risks in its 2019 financial year end. The Gross claims to Gross Written Premium (GWP) ratio closed at 27 per cent as at December 2019, a reduction when compared to the 36 per cent recorded …

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