Kenya Airways, Air France-KLM End Africa-Europe Joint Venture Cooperation

BusinessNewsTravelWorld NewsKenya Airways, Air France-KLM End Africa-Europe Joint Venture Cooperation

PilotnewsDecember 19, 2020

Kenya Airways and Air France-KLM Group said on Saturday that they had agreed to mutually terminate their Africa-Europe joint venture partnership from September, 2021. Allan Kilavuka, Kenya Airways CEO said the Kenyan carrier will continue to serve the European market through its gateways of London, Paris, Amsterdam with Rome slated for resumption from 2021. “This development allows Kenya Airways to offer additional options and convenience to our customers connecting through our European gateways. ”This is...

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Nigeria is now the world’s second-biggest bitcoin market after the US

BusinessInvestingNigeriaWorldNigeria is now the world’s second-biggest bitcoin market after the US

PilotnewsDecember 18, 2020

During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the nearly $400,000 raised. It was just one high-profile example of how young Nigerians increasingly use bitcoin to navigate a complicated and restrictive banking and monetary...

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Abia, Kebbi, Kwara Residents Pay Highest for Petrol in November – NBS

BusinessNewsOil & GasAbia, Kebbi, Kwara Residents Pay Highest for Petrol in November – NBS

PilotnewsDecember 17, 2020

The National Bureau of Statistics (NBS) says Abia, Kebbi and Kwara residents paid the highest amount for petrol (Premium Motor Spirit) in the country in November. The bureau stated this in its “Premium Motor Spirit (Petrol) Price Watch” publication for November and released on its website on Thursday in Abuja. According to NBS, Abia residents paid N178.70 per litre for the product while Kebbi residents paid N174.76 and Kwara residents N172.33. It, however, stated that...

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Reopened Land Borders Will Boost Business, Economic Activities – NECA

EconomyForeign PolicyNational DevelopmentReopened Land Borders Will Boost Business, Economic Activities – NECA

PilotnewsDecember 17, 2020

The Nigeria Employers’ Consultative Association (NECA) has said the reopening of the four borders will revive and boost business and economic activities while generating revenue to government coffers. NECA’S Director-General, Dr Timothy Olawale, made the disclosure in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos while commending the Federal Government for reopening the borders. Olawale said that the re-opening of the borders was long expected, saying its closure brought untold...

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Yuletide: DPR Warns Against Panic Buying, Hoarding of Petroleum Products

BusinessNewsNigeriaOil & GasYuletide: DPR Warns Against Panic Buying, Hoarding of Petroleum Products

PilotnewsDecember 17, 2020

The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned residents of the state against panic buying, hoarding and storing of petroleum products at home during the Yuletide period. Mr Benjamin Ogunnubi, the DPR Operations Controller in Osun, gave the warning in an interview with the News Agency Nigeria (NAN) on Thursday in Osogbo. Ogunnubi said there was no cause for panic buying, as the Federal Government had made adequate provision for availability of...

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Jubilation in Seme as FG Reopens 4 Land Borders

BusinessNational SecurityNewsNigeriaJubilation in Seme as FG Reopens 4 Land Borders

PilotnewsDecember 16, 2020

There was jubilation in Seme, near Badagry, Lagos State, on Wednesday as Federal Government ordered the reopening of four land borders across the country. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, announced the immediate reopening of four land borders after the Federal Executive Council meeting held virtually in Abuja on Wednesday. The News Agency of Nigeria (NAN) reports that the Federal Government had on Aug. 21, 2019, ordered the closure of ...

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Anambra Loses N3bn to Fake Revenue Collectors in 3yrs

CorruptionEconomyNewsNigeriaAnambra Loses N3bn to Fake Revenue Collectors in 3yrs

PilotnewsDecember 16, 2020

The Onitsha Chamber of Commerce, Industry, Mines and Agriculture (ONICCIMA) has lost over three billion naira to illegal revenue collectors within Onitsha and its environs in three years. ONICCIMA President, Mr Chris Ukachukwu, said this at a news conference on Wednesday in Onitsha. Ukachukwu said that another N100 million was indirectly lost through the activities of the miscreants. Ukachukwu lamented that the activities of the illegal toll collectors had contributed to the diminishing business fortunes...

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Buhari Approves Immediate Reopening of 4 Land Borders

EconomyNational SecurityNewsNigeriaBuhari Approves Immediate Reopening of 4 Land Borders

PilotnewsDecember 16, 2020

President Muhammadu Buhari has approved the immediate reopening of four land borders. Hajia, Zainab Ahmed, Minister of Finance, Budget and National Planning, disclosed this while briefing State House correspondents after the Federal Executive Council (FEC) meeting on Wednesday at the Presidential Villa, Abuja. The virtual FEC was presided over by Vice President Yemi Osinbajo. Buhari, who is on a private visit to Kastina State, joined the virtual meeting from his hometown, Daura. Ahmed listed the...

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Jigawa Governor Signs 2021 Appropriation Bill

EconomyNewsNigeriaJigawa Governor Signs 2021 Appropriation Bill

Beloved John (Staff Writer)December 16, 2020

Jigawa state governor, Muhammad Abubakar Badaru, signed into law the appropriation bill for the year 2021 to the tune of N156, 588,000,000.00 billion. This development is barely one week after the state house of assembly passed the bill. He signed the budget at Dutse government house in the presence of members of the state executive councils, members state assembly, APC leaders and other stakeholders. Speaking shortly after signing of the budget, the Governor commended the...

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Works & Infrastructures, Education And Health Sector Receives Attention In The Enugu State Government Budget Proposal Says Ugwu, Deputy Speaker ENHA

EconomyNewsNigeriaPoliticsWorks & Infrastructures, Education And Health Sector Receives Attention In The Enugu State Government Budget Proposal Says Ugwu, Deputy Speaker ENHA

Ije Ulasi (Regional Correspondent)December 16, 2020

The bill for a law to make provision for the sum of one hundred and sixty-nine billion, eight hundred and forty-five million, seven hundred and fifty-eight thousand, five hundred naira (N169, 845, 758, 500.00) to the services of the Government of Enugu State of Nigeria for the year ending 31st December, 2021 and for other related purposes (HB.14), 2020 has scaled through second reading at the Enugu State House of Assembly hallowed chambers. The budget...

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