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    Agbakoba to FG: Merge customs, immigration to eliminate duplication of roles

Agbakoba to FG: Merge customs, immigration to eliminate duplication of roles

Olisa Agbakoba, former president of the Nigerian Bar Association (NBA), has suggested that the federal government merge the Nigeria Customs Service and the Nigerian Immigration Service to strengthen the country's trade policy. In an article titled 'Avoiding or mitigating recession in post-COVID Nigeria', Agbakoba suggested that the National Customs and Border Enforcement Services should be established to replace both agencies. He said [...]

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    Lamido Yuguda assumes duty as SEC DG

Lamido Yuguda assumes duty as SEC DG

Lamido Yuguda has assumed office as the director-general of the Securities and Exchange Commission (SEC). According to a statement by Efe Ebelo, SEC head of corporate communication, Yuguda resumed on Monday alongside three executive commissioners; Reginald Karawusa, Ibrahim Boyi and Dayo Obisan. Speaking during the handover, the new DG said the capital market has a lot of potentials for growth and development of [...]

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    COVID-19: Meals will no longer be served aboard domestic flights, says Sirika

COVID-19: Meals will no longer be served aboard domestic flights, says Sirika

Hadi Sirika, the minister of aviation, says food will no longer be served on domestic flights when operations resume. Speaking on Monday at the daily briefing of the presidential task force on COVID-19, Sirika said the decision is part of efforts to control the spread of the novel coronavirus on flights. "For this domestic operation, there will be no food. No food [...]

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    Awofisayo: Agriculture requires patient capital

Awofisayo: Agriculture requires patient capital

Dapo Awofisayo, the group executive director of CPL Group, says the agricultural sector requires patient capital to experience a turnaround. In an interview with TheCable, Awofisayo said the COVID-19 pandemic has shown the need to build self-sufficiency in agricultural products and value addition. Awofisayo, who runs Irele Oil Palm Company, said the oil palm business has witnessed "a bit of stability" amidst [...]

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    Mustafa Chike-Obi appointed Fidelity Bank chairman

Mustafa Chike-Obi appointed Fidelity Bank chairman

Mustafa Chike-Obi has been appointed as the chairman of Fidelity Bank Plc. This comes after the retirement of Ernest Ebi who has completed his tenure in line with the bank's internal governance policy. In a statement sent to TheCable on Sunday, the bank also announced that Seni Adetu, an independent non-executive director, has completed his tenure too. Ebi, who was appointed chairman of [...]

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    BUA Cement to set up cement, power plants in Adamawa

BUA Cement to set up cement, power plants in Adamawa

BUA Cement says it will establish a 3 million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state. Abdul Samad Rabiu, BUA chairman, disclosed this during a courtesy call to Ahmadu Umaru Fintiri, the Adamawa state governor. Rabiu said preliminary findings show that Guyuk and Lamurde local government are reputed to have a [...]

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    Arik Air to resume domestic flights on July 8

Arik Air to resume domestic flights on July 8

Arik Air says it will resume domestic flights on July 8, 2020, in accordance with the federal government's directive on the reopening of Lagos and Abuja airports. This was disclosed in a statement signed by Adebanji Ola, its public relations and communications manager, on Sunday. "The airline will be operating three daily flights from Lagos to Abuja in the first phase of [...]

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    Luggage disinfection, no VIP aides… FAAN publishes reopening guidelines

Luggage disinfection, no VIP aides… FAAN publishes reopening guidelines

The Federal Airports Authority of Nigeria (FAAN) has released resumption guidelines for passengers and other airport users as flight operations resume from July 8. The guidelines were published in a statement signed by Henrietta Yakubu, FAAN general manager for corporate affairs, on Friday. Passengers were advised to arrive at the airport with their face masks on and maintain a physical distance of [...]

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    NSIA grows net income by 24% as sovereign wealth savings hit $1.75bn

NSIA grows net income by 24% as sovereign wealth savings hit $1.75bn

The Nigeria Sovereign Wealth Authority (NSIA) has announced that it recorded a net income of N34.87 billion in 2019, up from the N26.28 billion reported in 2018. Addressing journalists on Friday, Uche Orji (pictured), NSIA managing director, said the diversified asset strategy adopted by the authority and the accommodative interest rate environment helped to ensure that almost all the investments made in [...]

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    COVID-19: Guinness Nigeria notifies investors of potential profit slump

COVID-19: Guinness Nigeria notifies investors of potential profit slump

Guinness Nigeria Plc has notified the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE) and the investing public that it may suffer a profit slump due to the COVID-19 pandemic. This was disclosed in a notice signed by Stanley Njoroge, its finance and strategy director. "The adverse impact of the sharp contraction in economic activities and the knock-on effect of [...]

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