Kayode Adelowokan In a bid to further improve the all-round passenger travel experience, Dana Air has launched its mobile and social media sales and distribution solution called “FlyDana Mobile”, which will in areas relating to searching and booking flights as well as checking-in. The FlyDana App is an enhanced and innovative distribution channel that will […]
Promises Strict Penalties For Operators Who Fail To Settle Claims Kayode Adelowokan National Insurance Commission (NAICOM) has refuted claims by the Nigerian Council of Registered Insurance Brokers (NCRIB) that the regulators had waived the submission of 2013 account for council members in order to be trained on the Financial Reporting Council (FRC) requirement, International […]
Kayode Adelowokan The National Union of Air Transport Employees (NUATE) has dissociated itself from the proposed two days warning strike as alleged by the three aviation unions over the recent merger plan of some agencies in the ministry by the government. The Deputy General Secretary of NUATE, Comrade Abioye Olayinka, disclosed during an interview with […]
Kayode Adelowokan, Lagos Owing to the growing flight delays and cancellations without any compensation by the management of Arik Air, the Nigerian Civil Aviation Authority, (NCAA) has summoned the management of the airline to an emergency meeting. One of the latest disappointments was the more than 14 hours delay of Flight W3 077 (FNA/BJL) Freetown […]
Kayode Adelowokan The Nigerian Civil Aviation Authority, (NCAA), has approved Security Programs for 22 Airports in the country in line with Nigerian Civil Aviation Regulation Part 17 requirements and the National Civil Aviation Security Programme (NCASP). According to the General Manager, Public Affairs NCAA Mr. Fan Ndubuoke, the Airport Security Programme (ASP) was reviewed intermittently […]
The Pan African conglomerate-Dangote Group-has donated 12-trailer load of relief material worth N40 million to the Benue State Government. The relief material, according to the Group, is meant to support the ongoing effort of the state government to bring succor to the victims of the recent crisis that affected some parts of the state. Speaking […]
…Trains Building Materials Dealers In Benin The nation’s foremost cement manufacturer, Dangote Cement last week expressed its willingness to partner members of Lagos State Bricklayers Association(LSBA) towards eliminating the spate of collapse building in Lagos even as the cement company collaborated with Standard Organisation of Nigeria(SON) to train building materials dealers in Benin, Edo State […]
Kayode Adelowokan The Nigerian Stock Exchange (NSE) concluded its review of the prices of stocks, as part of its plans to improve liquidity and deepen the market, with the announcement of a new security that will be joining the league of High Priced Stocks. The stock announced is Lafarge Cement WAPCO Nigeria Plc. Head, Market […]
Kayode Adelowokan The stage is set for the 2nd edition of the Sovereign Trust Insurance Plc Open Golf Tournament in the ancient city of Ibadan, Oyo State. The event is scheduled to hold from April 25 – 27, 2014, at the Ibadan Golf Club, Onireke Reservation Area, Ibadan, Oyo State. The 3-day tournament is expected […]
The United Bank for Africa (UBA) on Thursday released its first quarter (Q1) 2014 results which showed a 30 per cent decline in profit after tax (PAT) to N11.1 billion, while profit before tax (PBT) declined by 21 per cent to N13.544 billion as against Q1, 2013. The decline in PAT was greater due to […]
Kayode Adelowokan It was a day of applause and praises from shareholders of Guaranty Trust Bank plc on Monday as it held the 24th Annual General Meeting with dividend payout of N1.70 per share, an increase of 10% over N1.55 paid in2012 and share price appreciation of 17% in 2013’. Its gross earnings at N242.67 […]
Kayode Adelowokan AIICO Insurance Plc has partnered Guaranty Trust Bank (GTBank) to provide a seamless service that would enable the public renew their life policies for free This is according to a statement from the company said the public can now renew their life policies at all GTBank branches in Lagos for free, adding that […]
Kayode Adelowokan The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Mr. Tony O. Elumelu, has emphasised the need to integrate the private sector as a full partner in global development, particularly given the constraints on official development assistance in the current fiscal climate. Elumelu disclosed this while giving his keynote address […]
The Nigeria’s equities market further appreciated Wednesday as the Nigerian Stock Exchange All Share Index (NSE ASI) appreciated by 0.35% to close at 39,017.66 points, compared with the appreciation of 0.66% recorded yesterday. Year-to-Date (YTD), the Index has shed 5.59% of its value. Similarly, the Market Capitalization recorded an appreciation of 0.35% to close at […]
Following his confirmation by the Senate, Mr. Adebayo Adekola Adelabu, has formally assumed his new role as the Deputy Governor of the Central Bank of Nigeria (CBN) on Wednesday, April 9, 2014. Adelabu, who was accompanied to the apex Bank by his aides, was welcomed by the Deputy Governor, Corporate Services, Alhaji Suleiman Barau. Introducing […]
…firms sue NPA The Nigerian Ports Authority (NPA) has accused three drilling firms- Sedco Forex, Noble Drilling and Pacific International Drilling- of evading payment of charges to the Federal Government for drilling in the Exclusive Economic Zone (EEZ). The firms had sued NPA at the Federal High Court, Lagos, challenging imposition of the charges on […]
Kayode Adelowokan, Lagos The World Bank has approved US$140 million additional support for community development in Nigeria with 26 states to benefit from the project focus on the most vulnerable households. According to a statement by the bank, the additional financing is expected to fund micro-project such as rehabilitation and construction of school class rooms, […]
…Company holds awareness training for block moulders To create maximum awareness on the competitive advantages of its new 42.5 cement grade, Dangote cement has embarked training of block makers from the South East on the proper use of the new cement and physical demonstration of sandcrete mixing with the 3x. The training came even as […]
As it continues the introduction of its newly launched 3x cement of 42.5 grade to various stakeholders, Customers of Dangote Cement Plc, especially those from the South East would for the next one week purchase the commodity at a hugely discounted rate in the spirit of the 25th Enugu International Trade Fair. The Company, still […]
Lagos-Nigeria: United Bank for Africa Plc announces impressive growth across key financial parameters, due to improved growth drive, sustained operational efficiency and enhanced productivity. In the financial results for the 12 months ended December 31, 2013 submitted to the Nigerian Stock Exchange, UBA recorded a 20.2% increase in Gross Earnings to N264.7bn. This was largely […]
