Business & Economy

WITH immediate effect, the Nigerian Immigration Service (NIS) has approved the deployment of six (6) Assistant Comptrollers General and twenty-six (26) Comptrollers across Commands and Formations within the country. A statement signed by Service Public Relations Officers, Amos Okpu mnipr for Acting Comptroller General of Immigration Isah Jere Idris said the NIS boss approved what was described as a major …

  NEW Directors for the Nigerian Civil Aviation Authority (NCAA) have assumed duty after a formal hand over ceremony took place with the Director General Captain Musa Nuhu urging the successors to bring their years of experience to bear to improve the industry .   The new Directors, Capt. Chris Najomo appointed to oversee the Directorate of Air Transport Regulations, …

  LAGOS State Internal Revenue Service (LIRS) has reminded businesses and employers of labour of its Act stipulating January 31st as the deadline for filing of annual income tax returns, failing which penalty accrues.   According to the LIRS, it’s business employers’ statutory obligation to file annual income tax returns pursuant to section 81 (2) of the Personal Income Tax …

MR. Mathew Lawrence Pwajok a former Director of Operations has been appointed as Director to oversee the Office of the Managing Director, Nigerian Airspace Management Agency ( NAMA) following what may be the end of the tenure of Captain Fola Akinkuotu whose tenure expired on January 7, 2021. Pwajok who retired from service in December was directed by a letter …

DELTA Air Lines will make investments of $1.2bn in Virgin Atlantic, Aeromexico and LATAM as the partner airlines transform their businesses to emerge from the global pandemic stronger and more resilient. Upon completion of their respective restructuring or recapitalization processes, Delta is targeting a 20% equity stake in Aeromexico and a 10% equity stake in LATAM. In addition, Delta will …

  CENTRAL Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion of wheat production project.   The disbursed fund is to consummate the expansion of Wheat Seed Multiplication Project, as part of the CBN’s Brown Revolution Initiative, an intervention programme to flag-off and support …

  NIGERIA will host the International Civil Aviation Organisation (ICAO) Air Services Negotiation in the year 2022. This followed its consideration as a good candidate at this year event in Bogota, Colombia. Minister of Aviation, Senator Hadi Sirika accepting the offer said “I will like to personally send the greeting of Mr President Muhammad Buhari to you all and especially …

HERITAGE Bank Plc in partnership with the Central Bank of Nigeria has set up plans to disburse N41billion to farmers from 14 states for the expansion of wheat production project. The Bank, however, will register the wheat farmers with the Lagos Commodities and Futures Exchange (LCFE) for successful disbursement, as the farmers are expected to cover about 111, 025 Hectares …

MANAGEMENT of Air Peace at the weekend reacted to insinuations that the airline has a discriminatory fare regime against the South East asking those championing these orchestrated attacks on the airline on social media to desist because they are ignorant of how ticket fare pricing is done. According to the airline, the fuller the aircraft gets the higher the fares …

NATIONAL Union of Air Transport Employees have written to Management of Dana Air commending one Mr. Yahaya Mohammed, the Aviation security (AVSEC) Supervisor in Abuja for his high level of professionalism and how he handled a situation that would have caused an unwarranted fracas. The letter addressed to Dana Managing Director from the General Secretary of NUATE, Ocheme Aba explained …