Tuesday , 7 July 2020
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Other Business News

Heritage Bank shuts branch, disinfects over suspected coronavirus case

HERITAGE Bank Plc has closed down an Experience Center- EC (branch) at Allen Avenue; Ikeja over “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made available to the press and customers, noted “in line with our emergency response plan and following regulatory practices, we have taken immediate …

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AIB in groundbreaking collaboration with Nigerian Air Force

ACCIDENT Investigation Bureau Nigeria (AIB-N), in line with its inter-agency collaboration agenda, signed a Memorandum of Understanding (MoU) with the Nigerian Air Force (NAF) on Wednesday July 1, 2020. In his statement to the press, Engr Olateru AIB-N Commissioner/CEO, stated that, “Our duty, as Accident Investigators of Civil Aviation, is one thing but understanding one’s needs is very critical to …

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COVID-19: Akwa Ibom SG disburses palliatives to cushion Ibom Air’s N4bn losses

THE Akwa Ibom state government has approved and disbursed palliatives to the owned airline, Ibom Air occasioned by a revenue loss in the region of N4bn by the airline having been grounded for over three months due to the ravaging COVID-19 pandemic. Commissioner for Information, Sir Charles Udoh, who made this known recently stated that  providing financial assistance to the …

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Heritage Bank-Dukia Gold to enhance Nigeria’s latent 200mn gold reserve- FG

FEDERAL Government of Nigeria has applauded Heritage Bank for being part of valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold. This is just as the partnership is set to further diversify of the nation’s …

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Ojikutu kicks against monetary bailout for airlines, says direct intervention for staff salaries needed

“The only Government Direct Financial Intervention may be necessary as Palliatives for the airlines staff Salaries only for three (3) months or the period the lock down lasted but this must be recoverable within 12 months or by June 2021. The Financial Palliative should be used to pay only 70% of the Staff Salaries. Those staff must be confirmed to have been registered with the National Pension Board and their pension contributions are up to date. The balance of 30% in their salaries not added should account for the period they did not pay for transport to go to work.

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 SON gives 7 Star Hangar thumbs up as company spends N100m on machines

A 3-man team of the Standard Organizations of Nigeria (SON) inspected the 7 Star hangar facility at the Murtala Mohammed Airport Ikeja, where the company says it has invested over N100m so far on machines to aid them produce nose mask. Speaking shortly after an inspection visit by the team, the Managing director 7-Star Global Hangar, Engr Isaac Balami said …

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IATA Board declares principles for industry re-start  

INTERNATIONAL Air Transport Association (IATA) has announced a commitment by the airline Chief Executive Officers on its Board of Governors to five principles for re-connecting the world by air transport. IATA’s Director General and CEO, Alexandre de Juniac said the principles are: Aviation will always put safety and security first: Airlines commit to work with our partners in governments, institutions …

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NAMA debunk abandoning AIS automation project, says it has done more

THE Nigerian Airspace Management Agency (NAMA) has said that its Aeronautical Information Service (AIS) automation is fully on course and has not been abandoned thus exposing its AIS personnel to the Covid-19 pandemic NAMA in a reactionary statement signed by General Manager Public Affairs, Khalid Emele said nothing can be farther from the truth explaining that the AIS Automation contract …

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