Stanbic IBTC Bank Nigeria PMI hits 18-month high in July, amid strong demand conditions

Nigeria’s private sector began the second half of the year on a positive footing as they continued the run of expansion that began in July 2020. Quicker upticks in output, new orders, purchases and employment supported growth. Despite this, firms were able to keep backlogs at bay, though sentiment did moderate to the weakest since last September. On the price front, higher raw material, wage and transportation prices were linked to another robust rate of overall input price inflation. Output prices also rose sharply. The headline figure derived from the…

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Air Peace clinches NAAPE’s Gold Standard Safety Award

Air Peace has added another award to its kitty by clinching the Gold Standard Safety Award at the 15th National Delegates Conference and Symposium of the National Association of Aircraft and Pilots Engineers, NAAPE, which held recently at the NAF Conference Centre in Abuja. Commenting on the award, Spokesperson of Air Peace, Stanley Olisa, said the airline was conferred with the award in recognition of its safety record and safety system performance as well as outstanding investment in brand new aircraft and equipment. “This industry award is another feather added…

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Appeal Court upholds N61.4m judgment sum against First Bank

Efforts by First Bank Plc to upturn the N61. 436, 548.90 million judgment sum awarded against it by a Lagos High Court, has met a brick wall, as a Lagos division of Court of Appeal, dismissed its appeal against the judgment, for lacking in merit. Apart from dismissing the appeal, the three man-panel presided over by Justice Theresa Ngolika Orji-Abadua, also awarded a cost of N200, 000, 00 against First Bank Plc in favour of Musical Copyright Society of Nigeria (MCSN), the respondent in the appeal marked CA/LAG/CV/653/2019. MCSN had sometimes…

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Runsewe urges NANTA to brace up for cultural promotion, as NCAA DG assures of robust relationship, partnership

Director General National Council for Arts and Culture, NCAC, Otunba Segun Runsewe has called on the members of the national association of Nigeria Travel Agencies, NANTA, to wake up and embrace the promotion and marketing of the rich Nigerian culture. He explained that Nigeria culture is one of the oldest in the world, and needs marketing communication initiatives that could unveil its iconic content and context to the world yet to experience the fullness of its diversity. ” Under of our National Festival of Arts and Culture, ( NAFEST), we…

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Zenith Bank GMD, Onyeagwu calls for increased impact investment for Africa’s development

The group managing director/chief executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for increased impact investing in Africa for the continent to attain its full potential. He made the call during his keynote address at the Africa Investment Risk & Compliance Summit 2021 organised by the Emerging Business Intelligence & Innovation (EBII) Group which held at the prestigious University of Oxford, United Kingdom, on Friday, July 30, 2021. Mr Onyeagwu delivered his keynote address after the special keynote address by His Excellency, Nana Addo Dankwa Akufo-Addo, President of the…

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Aviation & Cargo Conference to examine role of Insurance in Aviation

Insurance Heavyweights have lined up to engage with Aviation and Logistics stakeholders at the upcoming Aviation and Cargo Conference, CHINET in August in Lagos. They will be led by the lead speaker on the role of Insurance in Aviation Business, Chief Babajide Olatunde-Agbeja Chairman Boff & Company Insurance Brokers Ltd. There has been growing complaints among aviation stakeholders that Insurance Companies in Nigeria lack the capacity to handle Aviation Business in Nigeria. These complaints include that of the High Premiums paid by Nigerian Airlines to Foreign Insurance Companies which keeps…

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Lai Mohammed advocates digital technology to strengthen industry manpower capacity

Photo Caption: Director General, National Institute for Hospitality and Tourism (NIHOTOUR), Alhaji Nura Kangiwa (right) welcoming the Director General, Nigerian Tourism Development Corporation (NTDC), Mr Folorunsho Coker, representative of the Hon. Minister of Information and Culture, Alhaji Lai Mohammed at the occasion of Institute’s Annual Master Lecture Series held at the Abuja International Conference Centre, Abuja recently. The minister of Information and Culture, Alhaji Lai Mohammed has called on operators and practitioners in the Nigerian Travel-Tourism and Hospitality industry to seize the opportunity occasioned by the Covid-19 Global pandemic to…

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No airline will want to cancel or delay flights for sake of it – Onyema

The chairman of Air Peace, Mr Allen Onyema has explained that no airline worth its salt will want to cancel or delay flights for the sake of it. Speaking in an interview on the sidelines of the recent League of Airport and Aviation Correspondents, LAAC conference in Lagos, Onyema noted that when an airline cancel flights, it incurs a lot of unaimaginable cost. He pointed out that no airline would want to cancel flight for the fun of it, as delays and cancellations that happen all over the world is…

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MMIA Lagos new terminal: Senate, Reps urge FG, FAAN to put structure into use

The Senate committee chairman on aviation, Senator Smart Adeyemi, and his House of Representative counterpart, Hon Nnolim Nnaji have called on the federal government and the management of the Federal Airports Authority of Nigeria, FAAN to make sure that all obstacles disrupting the take-off of the terminal building are taken care off. Senator Adeyemi stated that this will enable Nigerians to have the benefit of the multi-billions naira that has been expended on the project. Speaking after an unscheduled inspection of the new airport terminal in Lagos, Senator Adeyemi stated…

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Sirika attains FRAeS, M.Sc in Air Transport Management

Nigeria’s Aviation minister, Senator Hadi Sirika has attained the Fellow Royal Aeronautical Society (FRAeS) recognition, which is the highest award from the Royal Aeronautical Society of the United Kingdom. Also after the submission of his citation on ‘The development of Airline traffic in Nigeria and the relevance of Single African Air Transport Market (SAATM)’, Sirika has obtained Masters of Science in Air Transport Management (M.Sc) from the City, University of London, Late March 2021, Sirika defended his thesis as he shared that: “Just defended my M.Sc Air Transport Management thesis…

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