NBS Says Nigeria’s GDP Slowed 2.01Per Cent In Q1

By Editor According to latest report by the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) growth rate has slowed down to 2.01 per cent in the first three months of the year. NBS said the slump was impacted by the decline in oil growth rate. Nigeria’s economy grew 2.38 per cent in the fourth quarter of 2018, indicating a 0.38 per cent higher rate than the first quarter of the current year. The pace of economic growth in Africa’s biggest economy in the first quarter of this…

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Bloomberg Names Possible Candidates To Replace Emefiele As CBN Governor

According to a news story anchored by Solape Renner and Paul Wallace of Bloomberg today, Nigeria’s central bank governor for the next five years will have to balance fighting inflation and propping up the currency against pressure to boost an economy that is expanding slower than emerging-market peers. Godwin Emefiele’s first five-year term ends in June and he could be reappointed. But with less than a month to go, the top post has also been linked to the regulator’s most senior female official and other potential candidates at institutional and…

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AT Last AMCON Takes Over Micmerah International Agency Limited

By Andrew Onyejuruuwa A Federal High Court sitting in Awka, the Anambra State capital in Suits No. FHC/AWK/CS/101/2018 and No. FHC/AWK/CS/102/2018 has ordered the Asset Management Corporation of Nigeria (AMCON) to take over the business and assets of Micmerah International Agency Limited. AMCON had appointed Chief Tagbo Anieto as Receiver/Manager over the assets of Micmerah International Agency Limited, which owe it over N1billion. The company is located at Onitsha, the commercial hub of Anambra State. In compliance with the court order, AMCON earlier today through the Receiver/Manager took over the…

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Turkish Airlines To Begin London-Istanbul-Port-Harcourt Flights

In a recent statement, the management of Turkish Airlines has said the airline would from June 24, 2019 begin London-Istanbul-Port-Harcourt flights, just as it disclosed that the airline airlifted over 75.2 million passengers from its more than 307 destinations in 2018 alone. The Airlines’ General Manager, Abuja and his counterpart in Lagos, who would now take charge of Port Harcourt operations, Mehmet Asik and Yunus Ozbek in a joint press conference in Lagos at the weekend said the airline, plan to increase its fleet from the present 336 to 500…

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British Airways Marks The 50,000th Customer Flight

British Airways has, for the first time brought together its four heritage liveried aircraft, which were repainted to mark the airline’s centenary this year, alongside an A319 in the current Chatham Dockyard livery. The scene captured a rare image of some of the airline’s most iconic designs parked together. The photos captured also mark the fact that 50,000 customers have already flown around the globe on the four heritage liveries since they re-joined the fleet, with the Boeing 747s having travelled to destinations such as New York, Cape Town, Dubai…

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N5trillion Debt Burden Should Worry All Nigerians – AMCON Boss

Executive Director, Asset Management Corporation of Nigeria (AMCON), Dr. Eberechukwu Uneze and Brigadier-General Ibrahim Mohammed Jallo, the Academy Registrar, Nigerian Defence Academy (sitting middle) with other officers and men from the academy; some senior officials of AMCON as well as some of the cadets in a group photograph at the end of the visit…in Abuja, recently ———————————————————————————————————————————————————- By Editor Ahmed Lawan Kuru, Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), has again reiterated that the over N5trillion bad debts, which Nigerians expect AMCON to fully recover…

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LaundrybyTimeSignature, Other Firms Win World Quality Alliance Award

By Our Reporter Alongside other reputable organizations, LaundrybyTimeSignature has been recognized and awarded the Most Outstanding Laundry/Dry Cleaning Company for year 2019 by World Quality Alliance at the annual International Standards Leadership Summit/Exhibition/Awards Nigeria 2019, which took place recently at the Sheraton Hotel, Lagos Nigeria. Other companies that won awards in different categories include Nestle Water, Provast Limited, Africa Circle Pollution amongst others. The Finance and Admin Manager of LaundrybyTimeSignature – Mr. Monday Tama who received the award on behalf of the dry cleaning company thanked Dr. Stanley Ohenhen, the…

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Obiano Wants Fed. Govt. To Grant Air Peace National Carrier Status

Willie Obiano, the Anambra State Governor, is urging the Federal Government to support Air Peace Airline, a fast rising Nigerian airline with a flag carrier status. The governor in a statement, which was signed by the Commissioner for Information and Public Enlightenment, Mr. Don Adinuba quoted Obiano as describing Air Peace as Nigeria’s fastest growing and most ambitious airline in history. As a result, granting the airline the rare privilege as a flag carrier, the governor argued remains more pragmatic than the planned establishment of a national carrier by the…

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African SMEs To Enjoy $2.8 billion Support From France

By Editor According to reports by AFP, the leadership of France under President Emmanuel Macron has launched an initiative to develop African businesses via a combination of credits, loan guarantees and direct investment worth a total 2.5 billion euros ($2.8 billion). The “Choose Africa” plan follows a pledge by French President Emmanuel Macron in November 2017 to help small- and medium-sized enterprises (SMEs) grow on the continent, Finance Minister Bruno Le Maire said as he and Senegalese counterpart Amadou Ba kicked off the scheme. “I am happy to launch this…

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Aero Begins Flights To Yola, Woo Passengers With Law Fair

By Editor, Aviation With the commencement of flight operations to Yola, the Adamawa State capital, Aero Contractors, Nigeria’s foremost airline has reduced the airfare to Yola. Aero, which is repositioning its scheduled and fixed wing operations as it increases aircraft in its fleet has already marked its inaugural flight to Yola through Nnamdi Azikiwe airport, Abuja on Tuesday. The flight also recorded high load factor. The Boeing 737-500 aircraft, which Aero deployed for the flight touched down at the Yola International Airport at exactly 6:00 pm to a ceremonial water…

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