The Result of Persistent Conflicts in Ikeja Computer Village

BusinessTechnologyThe Result of Persistent Conflicts in Ikeja Computer Village

PilotnewsJune 19, 2020

The rejection of traditional market leaders — Iyaloja and Babaloja — at Computer Village, Ikeja took another turn when businesses resumed after the unavoidable closure of the larger part of the economy following lockdown directives in Lagos state. It appears the bad relationship between seller associations and the new leadership in the phone and computer hub has become more noticeable due to a request for the payment of monthly dues. Techpoint Africa confirmed from the Iyaloja, Abisola Azeez, and some traders...

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AMC Entertainment to Reopen 450 U.S. Theatres on July 15

BusinessEntertainmentAMC Entertainment to Reopen 450 U.S. Theatres on July 15

PilotnewsJune 19, 2020

AMC Entertainment Holdings Inc on Thursday said it planned to reopen theatres at about 450 locations in the U.S. on July 15 and expected returning to full seating capacity around Thanksgiving. The world’s largest movie theatre operator also said it would reopen the remaining 150 theatres in the country in time for the opening of Walt Disney Co’s “Mulan” on July 24 and Warner Bros.’ July 31 release of “Tenet”. The company said it would...

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DPR warns IPMAN Members Against Selling Petrol Above Official Pump Price

BusinessOil & GasDPR warns IPMAN Members Against Selling Petrol Above Official Pump Price

PilotnewsJune 17, 2020

The Department of Petroleum Resources (DPR) , Osogbo Field Office, has warned members of the Independent Petroleum Marketers Association (IPMAN) against selling petrol above the official pump price. Mr. Olusegun Daboh, DPR Operations Controller, gave the warning in an interview with the News Agency of Nigeria (NAN) on Wednesday in Osogbo. Daboh said the official pump price in which filling stations were allowed to sell petrol was N121.50k and not above N123.50k. According to him,...

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COVID-19: Bauchi State Cuts 2020 Budget By N39bn

CoronavirusEconomyNigeriaCOVID-19: Bauchi State Cuts 2020 Budget By N39bn

PilotnewsJune 17, 2020

The Bauchi State Government on Wednesday announced the slashing of its 2020 fiscal year budget from N167 billion to N128 billion to meet the new realities occasioned by the  COVID-19 pandemic. The   State Commissioner for Budget and Economic Planning, Mr. Aminu Gamawa, said at a news conference in Bauchi that the decision was as a result of the negative impact of the Coronavirus pandemic on the state’s economy. He said that the new budget...

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Lufthansa to File Bankruptcy Protection if Bailout Fails

BusinessTravelWorld NewsLufthansa to File Bankruptcy Protection if Bailout Fails

PilotnewsJune 17, 2020

German airline Lufthansa on Wednesday said it would have to apply for bankruptcy protection if the terms of a bailout deal with the German Government fail at an extraordinary general assembly, slated for June 25. According to the Frankfurt Headquarters of the company, Lufthansa will have to apply for bankruptcy protection proceedings shortly after the annual general meeting if a solution is not found immediately. The company was reacting to the statement by Heinz Hermann Thiele,...

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Ghana economy Grows 4.9% Year-On-Year in First Quarter, Says Stats Office

EconomyGhanaGhana economy Grows 4.9% Year-On-Year in First Quarter, Says Stats Office

PilotnewsJune 17, 2020

ACCRA (Reuters) – Ghana’s economy grew 4.9% year-on-year in the first quarter of 2020 compared with 6.7% in the same period last year, provisional data from the state statistics service showed on Wednesday. Ghana has had one of Sub-Saharan Africa’s fastest-growing economies in recent years, but the central bank last month downgraded its 2020 growth forecast to between 2% and 2.5% from an earlier expectation of 6.8% due to the impact of the coronavirus pandemic....

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Acknowledging ‘Racial Stereotype,’ PepsiCo to Drop Aunt Jemima Name, Brand

Arts & CultureBusinessAcknowledging ‘Racial Stereotype,’ PepsiCo to Drop Aunt Jemima Name, Brand

PilotnewsJune 17, 2020

PepsiCo Inc (PEP.O) will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot criticized for a racist history. The logo of the more than 130-year-old brand features an African American woman named after a character from 19th century minstrel shows. The offensive caricature is rooted in a stereotype of a friendly black woman working as a servant or a nanny for a white...

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Fashola Describes Letter of the CEO of the Executive Jets as Ridiculous

BusinessNewsNigeriaTravelFashola Describes Letter of the CEO of the Executive Jets as Ridiculous

Bada Yusuf Amoo (Correspondent)June 17, 2020

The Minister of Works and Housing, Mr. Babatunde Fashola has reacted to the letter written by the Chairman and Chief Executive Officer of Executive Jets Services Limited, Sam Iwuakoju, on the circumstances around a Lagos-Abuja flight operated on Saturday. The Minister describes the letter as ridiculous as he claimed he has not travelled out of the Federal Capital Territory, Abuja, Since March 22. The West African Pilot News has earlier reported the apology tendered by...

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Congolese Fashion Designer Goes Virtual as Virus Hits Runway Shows

BusinessFashionCongolese Fashion Designer Goes Virtual as Virus Hits Runway Shows

PilotnewsJune 16, 2020

U.S.-based Congolese fashion designer Anifa Mvuemba was excited about debuting her fashion line, Hanifa, at this year’s New York Fashion Week. But when her show was cancelled due to the COVID-19 pandemic, Mvuemba got creative. The 29-year-old designer held a virtual show on May 22 for her latest collection called ‘Pink Label Congo’. The 3D animated event was watched by tens of thousands of people who streamed it on her Hanifa Instagram Live page. “We...

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Shares in Asia Pacific Tumble on Fears of Second Virus Wave

AsiaCoronavirusMarketsNewsShares in Asia Pacific Tumble on Fears of Second Virus Wave

PilotnewsJune 15, 2020

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...

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