Thursday, October 29, 2020

MONARCH AIRLINES COLLAPSE LEAVES 110,000 PASSENGERS STRANDED

British short-haul carrier Monarch Airlines went bust Monday in the biggest airline failure in Britain, prompting the government to take emergency action to return home 110,000 stranded passengers. Monarch and its holidays business went into administration, with KPMG appointed to oversee the financial chaos that has left nearly 2,000 employees having to find new employment. The...

LAKE RICE: LAGOS APPROVES MORE SALES POINTS

In an effort geared towards increasing access to ‘LAKE Rice’ and ensure effective distribution of the rice across the State, the Lagos State Government has added two more centres to the already existing designated centres where residents can get the product, the Commissioner for Agriculture, Mr. Oluwatoyin Suarau has said. Suarau, who stated this over...

DANGOTE TO COMMISSION $500M PLANT IN CONGO

Dangote Cement would on Thursday in Congo commission its 1.5 million metric tonnes per annum capacity Cement Plant valued at 500 million dollars. This was disclosed in a statement to newsmen on Monday in Lagos. The plant, described as the largest in Congo, rolled out its first bag of cement on Aug 7, and is expected...

KOGI RICE WILL FEED THE NATION- GOVT

The Kogi State Government has restated its commitment to creating an enabling environment for the much needed agricultural revolution, assuring Nigerians that Kogi Rice will bridge the gap between demand and supply across the nation. Addressing newsmen in Lokoja on Monday, the Director General on Media and Publicity to the Governor of Kogi State, Kingsley...

Shoprite Begins Plan Leave Nigeria

South African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in Nigeria, The Nation can report. The decision, it said, was informed by the COVID-19 pandemic, which it said has affected businesses worldwide. In its “Operational and Voluntary Trading Update (52 Weeks Ended 28 June 2020)” released on Monday, the megastores with presence...

FG GRANTS TAX RELIEFS TO TSTV AFRICA

The Federal Government has granted a 3-year tax relief to the newly inaugurated Pay TV operator in the country, TStv Africa, as well as tax free dividends to all investors in the company. The Minister of Information and Culture, Alhaji Lai Mohammed, announced this on Sunday night in Abuja at a dinner to mark the official...

PRIMATE OKOH INAUGURATE ANGLICAN CABLE NETWORK TV NEW BOARD.

*Says 500 Years Old Church Deserves World Standard TV Station The Archbishop And Primate Of All Nigeria (Anglican Communion), Most Rev'd Nicholas Okoh has Said the Church which clocks 500 years in October, will continue to operate a world standard electronic medium; Anglican Cable Network Nigeria Television (ACNN) to keep evangelizing and win souls into...

NIGERIA BORROWS N9.18TRN IN 10 MONTHS

Nigeria has borrowed N9.18 trillion ($3 billion) in 10 months for both the 2016 and 2017 budgets, Kemi Adeosun, Minister of Finance, said on Wednesday. Adeosun’s explanation came through a statement issued by Oluyinka Akintunde, her special adviser on media. She explained that the debts were accumulated through issuing of notes comprising $1.5 billion 10-year series...

Passengers to pay double for domestic flights

Passengers planning to travel by air from Wednesday, July 8, when domestic flights resume after four months of lockdown caused by the COVID-19 pandemic, should be prepared to pay almost double of their old fares. Virtually all airlines have increased their fares in a bid to abide by the social distancing protocol for all...

CUSTOMS COMPLIANCE TEAM CONFISCATES CONTRABAND WORTH N317M

The Comptroller General of Customs Compliance Team, Zone C, said it confiscated N317 million worth of contraband between April and September. Zone C comprises Edo, Delta, Anambra, Bayelsa, Rvers, Akwa ibom, Cross River, Ebonye, Enugu, Abia and Imo. The National Coordinator of the Team, Comptroller of Customs, Ahmed Azarema, told the News Agency of Nigeria (NAN)...

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