First City Monument Bank (FCMB), through EasyAgents, its agency banking network and other channels, has successfully onboarded and empowered one million financially excluded Nigerians, ensuring they have a better and more sustainable future through access to financial services. As part of its financial inclusion programme, the Bank has provided microloans valued at N40 billion to…
American multinational beverage company, Coca-Cola, has signed a deal with Brown-Forman Corporation, the producer of Jack Daniels, to produce alcoholic products. This will mark the fourth new alcoholic drink in Coca-Cola’s portfolio in less than two years. This deal will see both companies produce “Jack and Coke” cocktails, a ready-to-drink canned version. This canned version…
African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA).Afreximbank’s US$150 million financial support will be accessible to FirstBank customers that are involved in…
Ryanair has dropped a requirement for South African passengers to prove their nationality before travelling by completing a test in Afrikaans, the British budget airline’s chief executive Michael O’Leary said after the policy caused a backlash among South Africans. The South African government said last week it was taken aback by the low-cost carrier’s decision…
The Austrian Ambassador to Nigeria His Excellency Thomas Schlesinger has commended the Acting Managing Director of the Nigerian Airspace Management Agency (NAMA) Mr. Pwajok Matthew Lawrence and his team for enhancing safety, efficiency and economy of air navigation by partnering with AVSATEL Communications Limited in the provision of world class Air Traffic Management systems, Communication…
13th June 2022, Lagos, Nigeria: Wakanow, Africa’s leading travel tech company, has collaborated with Dana Airlines, a fully private sector-owned carrier in Nigeria, it is expected that Wakanow will deliver real-time inventory and continuous flight schedules 24/7. By virtue of this partnership, Wakanow is the only official online travel agency with Dana Airlines Nigeria’s Live…
Visits to include MDAs, NGOs, other corporate bodies… The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022. This information is contained in a public notice announcing the compliance monitoring exercise, and signed by the FIRS Executive…
The interim management of the national carrier, Nigeria Air, on Monday explained why the proposed new airline had not been able to take delivery of any aircraft required for its operations. Speaking at the headquarters of the Nigerian Civil Aviation Authority after receiving an Air Transport Licence for Nigeria Air, the Chief Executive of the…
Amid increasing calls for diversification of the economy, Nigeria’s crude oil exports jumped to N5.6trn in the first quarter of 2022, reflecting nearly 200 per cent increase when compared to the same period in 2021. The figures, contained in the Foreign Trade Report of the National Bureau of Statistics, said Nigeria’s total merchandise trade stood…
