The Management of Dana Air says it will be supporting the 26th Nigerian Economic Summit (NES#26) scheduled to hold in Oct. 26 and Oct. 27 in Abuja and the Lagos office of the Nigerian Economic Summit Group. The Media Communications Manager of the company, Mr. Kingsley Ezenwa, said this in a statement in Lagos on Monday. Ezenwa said, “The theme of the summit is Building Partnerships for Resilience.” The 26th Nigerian Economic Summit is jointly organised by the Federal...
Goods worth millions of Naira have been destroyed by fire which wreaked havoc on over 100 shops in the popular Marian market in Calabar on Friday. The fire, which started from one of the shops in the fruit section, spread to other shops and destroyed goods worth millions of Naira including vital properties. An eye witness, Mr Ojah Ojah, who spoke with the News Agency of Nigeria (NAN) at the scene of the event, said...
Ariaria International market and others big markets in Aba, Abia, on Friday resumed business operations that would see the traders do business for five days in a week. The resumption started on Friday following Abia government’s announcement on Thursday that the markets would now open from 7 am until 5 pm Mondays through Fridays. The News Agency of Nigeria (NAN), reports that since Abia announced initial lockdown directives to check Coronavirus spread on March 24,...
Stocks in the Asia Pacific region on Monday plummeted amid fears of a resurgence of COVID-19, as more countries gradually lifted restrictions. The Japanese yen rise also contributed to a 3.4 per cent plunge in the benchmark Nikkei 225 Stock Average. The Nikkei lost 774.53 points, or 3.47 per cent, to close at 21,530.95, ending below the 22,000 mark for the first time since late May. Earlier, Tokyo Ministry of Health announced 48 new cases...
Egypt will allow foreign tourists and flights to return to some of its resorts beginning from July, as the country struggles to contain the economic fallout from an outbreak of the new coronavirus. The country’s vital tourism and aviation sectors have borne the economic impact of the virus. Tourist and air traffic will resume to the coastal cities “least affected by the virus, beginning July 1,” Information Minister Osama Heikal said on Thursday in televised...
Traders in Aba have threatened to reopen their shops in major markets if Abia Ministry of Trade and Investment continue delaying the reopening. Some residents who spoke to the News Agency of Nigeria (NAN) disclosed this in separate interviews on Thursday in Aba. Gov. Okezie Ikpeazu of Abia had on May 1, at a meeting with market leaders and other stakeholders outlined modalities for gradual relaxation of lockdown. The modalities included setting up 17-man COVID-19...
Traders at Glorious Market, Independent Market, Progress Market and Haruna Street Market in Onitsha have cried out to the Anambra Government to save their shops from being submerged by gully erosion. The President General of the markets, Chief Eric Uwaoma, made the call while conducting newsmen round the portions of the markets in the commercial city on Wednesday. According to Uwaoma, if urgent action is not taken, the shops of about 4000 traders in the markets will...
The Police Command in Enugu State has assured the public of professional enforcement of the partial and guided re-opening of popular Ogbete Main Market in Enugu. The Command’s Public Relations Officer, ASP Daniel Ndukwe, said in a statement in Enugu that the command also enjoined affected shop owners to comply with government directives on the re-opening of the market. Ndukwe said that the assurance had become necessary following a resolution reached between government, security agencies,...
The Central Bank of Nigeria has extended by one year the deadline for microfinance banks in the country to comply with the minimum capital requirement directive. Kevin Amugo, director in the Financial Policy and Regulation Department at the apex bank stated in a circular addressed to all categories of microfinance banks in the country that the extension was due to consideration of the impact of the Covid-19 pandemic on economic activities. The CBN set different...
In the wake of the COVID-19 pandemic, while many health systems across the world are struggling to provide care for patients, the global economy is taking a downturn. The impacts of the disease on people have left several individuals in need of support to survive a hard time. Realizing that many people all over the world would need different forms of support to make it through this trying time, developers of Familheey, a social networking...
