Nigerian banks have announced a reduction in the amount of dollars available to customers for personal travel allowance (PTA) and business travel allowance (BTA) on a bi-annual basis. According to the new directive, PTA available to customers will now be slashed by 50 per cent from $4,000 to $2,000 while the BTA will be slashed…
The Kwara State Government Task Force on Monday, raided some filling stations within the Ilorin metropolis, cautioning attendants against hoarding of fuel which the government says imposes needless hardship on the masses. A statement signed by Mashood Agboola, Deputy Chief Press Secretary, Government House in Ilorin on Monday, said the raid was part of the…
…..Unveils 45,000 flash sale Dana Air has taken delivery of some of it’s aircraft from maintenance.The airline in a statement said it has received some of it’s aircraft from maintenance and will be introducing a flash sale of N45,000 for those who plan their trips early enough and book ahead on its website www.flydanaair.com“We are…
The Abuja Electricity Distribution Company (AEDC) said insufficient power allocation to the company by generation stations was responsible for the unstable electricity supply in the region. Adamu Muhammed, public relations Officer, Niger Region, AEDC, disclosed this while speaking with the News Agency of Nigeria (NAN) on Sunday in Minna. “The Management of AEDC PLC wishes…
The Federal Government has approved the disbursement of N308 billion worth of Promissory Notes to 199 exporting companies under the Export Expansion Grant (EEG) Scheme. While issuing letters to some beneficiaries of the scheme, the Executive Director of the Nigeria Export Promotion Council (NEPC), Dr. Yakusak, commended the Federal government and the National Assembly for…
US luxury department store chain Nordstrom announced Thursday it is pulling out of Canada, closing 13 stores and putting 2,500 staff out of work. “We entered Canada in 2014 with a plan to build and sustain a long-term business there. Despite our best efforts, we do not see a realistic path to profitability for the…
TikTok is closing in on streaming giant Netflix when it comes to the amount of time US adults spend on the platforms, according to a report released Thursday by Insider Intelligence. TikTok use eclipsed that of YouTube two years ago and has continued to grow faster than the Google-owned video sharing platform, particularly among US…
Wema Bank is looking to investors to raise a N25 billion debt needed to scale its Small and Medium Enterprise (SME) business, which as of 2021 made up less than 2 per cent of its capital. “The Bonds are being issued privately to targeted investors and will not be listed on any Security Exchange,” the…
Lafarge Africa Plc., a leading Sub-Saharan Africa Building Solutions Company and member of Holcim, the global leader in innovative and sustainable building solutions, today announced the commencement of the internationally renowned Holcim Awards for sustainable construction. The Holcim Awards recognises and promotes projects that combine sustainable designs and sustainable construction with architectural excellence is now open for entries. The Holcim…
