BUSINESS
FG Bars Air France, Lufthansa, KLM, Others
The Federal Government (FG) has released the list of international airlines denied approval to operate in Nigeria as international flight resume on Saturday. The international airlines denied flying approval, according to the Minister of Aviation, Hadi Sirika, include Air France, KLM, Etihad, Rwandair, Lufthansa, TAAG Angola Airlines, and others. Some airlines were however denied approval because international flights were yet to...
Emirates Resumes Flight Into Lagos Monday, Abuja Tuesday
Emirates has announced that it will resume passenger services to Lagos on 7 September and Abuja on 9 September in Nigeria. The resumption of flights to both Nigerian cities takes Emirates’ African network to 13 destinations, as the airline works hard to help its customers travel safely and confidently, implementing industry-leading health and safety measures at all points of the...
433,000 Nigerians, Businesses To Get N50,000, N30,000 Each – FG
Tola Johnson, Special Assistant to President Muhammadu Buhari on Micro Small and Medium and Medium Enterprises(MSMEs), says 100,000 small businesses will get N50,000 each. NAN reports that the gesture is part of COVID-19 economic stimulus. The presidential aide made the announcement at the inauguration of the Implementation of Survival Fund and Guaranteed Off-Take Stimulus Schemes for MSMEs on Thursday in Abuja. Johnson,...
UAE Extends Grace Period For Residency Visa Violators
Federal Authority for Identity and Citizenship extends the period of exemption for being fined until December 31 The UAE on Tuesday announced an extension to the grace period for residents whose visas have expired. The Federal Authority for Identity and Citizenship (ICA) issued a decision to extend the period of exemption for being fined for "all violators of the entry and...
FG May Reduce Minimum Tax Rate Next Year
The draft Finance Bill 2020 contains a proposal for the reduction of the minimum tax rate to be paid by companies next year in light of the current economic climate, according to the Fiscal Policy Reforms Committee. The Fiscal Policy Reforms Committee, which was established by the Ministry of Finance, Budget and National Planning, is chaired by the Special Adviser...
UK To Ban Petrol, Diesel Cars From Year 2030 In Green ‘Revolution’
Britain will ban petrol and diesel vehicle sales from 2030 as part of a 10-point plan for a “green industrial revolution” to be unveiled Wednesday by Prime Minister Boris Johnson. The British premier has earmarked £12 billion (13.4 billion euros, $15.9 billion) for the wide-ranging plans, which he hopes will secure up to 250,000 jobs and help meet a target...
US Removes Reciprocity Visa Fees For Nigerians
The federal government announced on Saturday that the United States has removed all visa reciprocity fees for Nigerians seeking visas to the country with effect from December 3. Disclosing this at the weekend, the Ministry of Foreign Affairs said the development was sequel to the removal of excess visa application, processing, and biometric fees for American citizens applying for Nigerian...
China Approves Loan For $2.6 Billion AKK Gas Pipeline
China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the Federal Government announced on Tuesday. Minister of Finance, Budget and National Planning, Zainab Ahmed, and Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, announced this during the inspection of the project in Ajaokuta, Kogi State. The AKK pipeline project,...
Electricity: Suspend Tariff Adjustment For Now, FG Directs NERC
The Federal Government, FG, has directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the recently adjusted electricity tariff. The Minister of Power, Sale Mamman, made this known in a statement on Thursday, a Punch report says. NERC had on Tuesday increased the electricity tariff payable by power consumers across the country. The hike in tariff which varies, based on different...
Today Is NIN-SIM Linking Deadline; Have You Done Yours? Do This Now And Save Your Number!!
Today is the deadline for linking your sims with your NIN, If by tomorrow your sims are blocked, what will you do? How to link your SIM cards with NIN Network providers in Nigeria have unveiled various steps their subscribers can adopt to link their SIM cards with the National Identification Number (NIN). The development comes after a recent directive by the Nigeria Communications...
