Flights Resumption: FAAN Assures Passengers of Safety Measures in Place

BusinessNewsTravelFlights Resumption: FAAN Assures Passengers of Safety Measures in Place

PilotnewsJuly 3, 2020

The Federal Airports Authority of Nigeria (FAAN) has reaffirmed its commitment toward curtailment of COVID-19 pandemic as domestic flights resume on July 8. Mr Sani Mahmud, FAAN Regional General Manager, North-Central, made this known while receiving face shields from the Universal Disaster Recovery Foundation (U-DIREF) in Abuja. U-DIREF is a Nigeria-based Non-Governmental Organisation (NGO) registered in 2019 to provide humanitarian services to victims of disasters through life-saving support initiatives. It seeks to rebuild hope in...

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PPPRA fixes Petrol Price Band of N140.80 to N143.80 Per Litre for July

BusinessOil & GasPPPRA fixes Petrol Price Band of N140.80 to N143.80 Per Litre for July

PilotnewsJuly 2, 2020

The Petroleum Products Pricing Regulatory Agency (PPPRA), has fixed the pump price band of Premium Motor Spirit (PMS), also known as petrol at between N140.80 and N143.80 per litre for the month of July. Executive Secretary of the Agency Abdulkadir Saidu disclosed this in a memo to all Petroleum Products marketers released in Abuja on Wednesday. The memo was titled `Advised price for Premium Motor Spirit (PMS) in the month of July 2020.’ “After a...

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Nigerian Domestic Flights to Resume July 8 — Sirika

BusinessTravelNigerian Domestic Flights to Resume July 8 — Sirika

PilotnewsJuly 2, 2020

The Minister of Aviation, Sen. Hadi Sirika, on Wednesday in Abuja said domestic flights that had been suspended since March 20, would finally resume on July 8. Sirika announced this in a statement signed by Mr James Odaudu, the Director of Public Affairs, in the ministry. He said flights would commence at Nnamdi Azikiwe International Airport Abuja and Murtala Muhammed Airport in Lagos. According to him, the Port Harcourt, Owerri, Maiduguri and Kano airports will...

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Innoson Group Backs Foundation’s Fight Against Breast, Cervical Cancers With Vehicle

BusinessNewsPhilanthropyInnoson Group Backs Foundation’s Fight Against Breast, Cervical Cancers With Vehicle

PilotnewsJuly 1, 2020

The Innoson Group of Companies has handed over an IVM G-20 Smart vehicle to Onyebuchi Chris Ifediora (OCI) Foundation to support the fight against breast and cervical cancers in the country. News Agency of Nigeria (NAN) reports that the 7-seater IVM G-20 Smart vehicle was purchased by the foundation at a significant discount from the vehicle manufacturing firm. Speaking at the handover ceremony in Nnewi on Wednesday, the Chief Executive Officer of Innoson, Mr Innocent...

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IMF Says Nigeria, Other African Oil Exporters Will Lose $34bn Due to COVID-19

EconomyNewsOil & GasIMF Says Nigeria, Other African Oil Exporters Will Lose $34bn Due to COVID-19

Bada Yusuf Amoo (Correspondent)July 1, 2020

The International Monetary Fund (IMF) has said that Nigeria and other oil exporters in African will lose a total of about $34bn in revenue as a result of the COVID-19 pandemic. The IMF added that the projected decline in revenue is associated to the unstable global crude oil prices. The Director of the IMF in the African Department, Abebe Selassie, stated this at the Africa Ministerial Roundtable on COVID-19 impact on the energy sector in...

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Atedo Peterside Resigns as Cadbury Board Chairman

BusinessNewsAtedo Peterside Resigns as Cadbury Board Chairman

PilotnewsJuly 1, 2020

Cadbury Nigeria Plc on Tuesday notified the Nigeria Stock Exchange (NSE) of the resignation of Mr Atedo Peterside as Chairman of the Board of Directors, effective June 30. The Company Secretary, Mr Fola Akande, made the disclosure in a notification letter sent to the NSE in Lagos. Akande said Peterside joined the company as a member of the board in August 2009 and rose to become the chairman in April 2010. The company secretary said...

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FIRS Generates N66bn from Stamp Duties in 5 months

EconomyNewsNigeriaFIRS Generates N66bn from Stamp Duties in 5 months

PilotnewsJune 30, 2020

The Federal Inland Revenue Service (FIRS) has generated the sum of N66 billion from stamp duties between January and May. Mr Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department made this known in a statement in Abuja on Tuesday. Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp...

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Johnson Promises Billions of Pounds to Revamp Economy

EconomyWorld NewsJohnson Promises Billions of Pounds to Revamp Economy

PilotnewsJune 30, 2020

Prime Minister Boris Johnson on Tuesday promised to spend 5 billion pounds (or 6.15 billion dollars) on infrastructure projects to kick-start Britain’s economic recovery. According to him, the plan is to help the country through the expected severe economic impacts of the coronavirus pandemic as well as Britain leaving the EU. “The spending programme will also tackle Britain’s great unresolved challenges of the last three decades. “To this end, we will build, build and build....

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Buhari Pledges Speedy Completion of $2.5bn AKK Gas Pipeline Project

EconomyNigeriaOil & GasBuhari Pledges Speedy Completion of $2.5bn AKK Gas Pipeline Project

PilotnewsJune 30, 2020

President Muhammadu Buhari on Tuesday in Abuja affirmed the Nigerian government’s commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano Gas (AKK) gas pipeline project within budgetary allocation and specifications. Speaking at the virtual flag-off ceremony of the project at the Ajaokuta, Kogi and Rigachikun, Kaduna State campsites simultaneously, Buhari said the project was very dear to the people of Nigeria and must succeed. He, therefore, directed the NNPC and partners to remain focused, noting...

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Why DISCOs Agreed to Postpone Tariff Hike Implementation After NASS Intervention

BusinessNigeriaPowerWhy DISCOs Agreed to Postpone Tariff Hike Implementation After NASS Intervention

Adeola Oladipupo (Correspondent)June 30, 2020

The National Assembly has prevailed on electricity distribution companies to postpone the tariff increase which was due to be implemented on July 1. The resolution was reached at a meeting between the National Assembly leaders, including the President of the Senate, Ahmad Lawan; the Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila; Chairmen of the of the Committees on Power from the Senate and House of Representatives; other principal officers of the two...

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