Abu Dhabi’s Etihad Airways said on Wednesday it is suspending flights to San Francisco in the United States from October after falling passenger demand curbed the route’s profitability. The flight, launched in November 2014, was already reduced from a daily service to three times a week earlier this year. The suspension is from October 29 […]
The Lagos State Government and the Federal Government have concluded arrangements to help over 15 million Nigerians in Diaspora to trace their roots back home through the Badagry Diaspora Festival scheduled to hold between August 23 and 25, 2017. Speaking at a news conference jointly addressed at the Bagauda Kaltho Press Centre in Alausa on […]
The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, and obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja. The report, which showed the revenue performance […]
Uber Chief Executive Officer Travis will be striped of some duties and an independent chair to be appointed to limit his influence, an advance copy of a report prepared for Uber board has revealed. Kalanick told staff he plans to take a leave of absence to grieve for his late mother, without disclosing a return […]
Rapper and music producer Sean “Diddy” Combs was named the world’s highest-paid entertainer on Monday, ousting pop singer Taylor Swift who fell to 49th place on the Forbes annual list. Beyonce moved into the second spot with $105 million, courtesy of her best-selling “Lemonade” album and world tour, while British author J.K. Rowling ($95 million) […]
The federal government has rolled out the first ever Diaspora bond of $300 million to raise funds from Nigerians in the Diaspora to finance capital projects. Mrs. Abike Dabiri-Erewa, the Senior Special Assistant to the President on Foreign Affairs and Diaspora, advised Nigerians to take advantage and invest in the bond. A statement by her […]
The Central Bank of Nigeria (CBN) has intervened in the inter-bank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market as well as shore up the international value of the Naira. Giving a breakdown of the its latest round of intervention on Monday, the CBN […]
Standard Chartered Bank Limited has launched a campaign entitled, “No.1 Bank: Power your Ambitions” to highlight its recent achievements and reiterate its commitment to the Africa and Middle East (AME) region. The bank says the ‘No.1 Bank’ campaign reiterates its top position across its diverse products and markets which include project finance, debt capital markets, […]
The Federal Government has released N3.77 billion for the feeding of 1,287,270 school children in nine states under the Home Grown School Feeding Programme. The Senior Special Assistant to the Acting President, Mr Laolu Akande, said on Sunday in Abuja the money was spent in Anambra, Enugu, Oyo, Osun, Ogun, Ebonyi, Zamfara, Delta and Abia […]
The Kaduna State Government has finally implemented the recommendations of the committee it set up to review the number of district and village heads in the state. With the implementation, 4,766 district and village heads will be dropped as the state government said it would now recognize only the 77 districts and 1,429 villages that […]