NCAA Sets December Date As deadline for 5% revenue automation

NCAA Sets December Date As deadline for 5% revenue automation

The Nigerian Civil Aviation Authority (NCAA) yesterday ordered foreign airlines to comply with the automated revenue payment platform for the remittance of five per cent Ticket Sales Charge/Cargo Sales Charge (TSC/CSC) on or before December 31. The apex regulator, in a recent directive, said failure to comply would attract severe sanction. It was learnt that except for Lufthansa German Airlines, the rest are all African Countries carriers operating to Nigeria under the existing Bilateral Air Service Agreement (BASA). Director of Air Transport Regulation (DATR), Group Captain Edem Oyo-Ita, said despite…

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Access Bank, Microsoft CEO’s To Speak On Banking Security

Access Bank, Microsoft CEO’s To Speak On Banking Security

The Group Managing Director of Access Bank Plc, Herbert Wigwe, will meet with the Chief Executive Officer of Microsoft, Satya Nadella, tomorrow to discuss issues about strengthening banking security and providing valued added services on digital platforms with technology. Wigwe will also showcase the massive progress of the bank, which has succeeded in positioning itself as a top leader in the industry, with its commitment to promoting the adoption of technology as a tool to disrupt operations and boost financial inclusion. “Access Bank is revolutionising the Nigerian financial industry to…

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Pan-African Investment On The Rise In Africa – AfDB

Pan-African Investment On The Rise In Africa – AfDB

Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s (AfDB) new Africa-to-Africa (A2A) Investment Report, the first ever report on inter-African trade published by the Bank. The report revealed the realities African companies face when investing in the continent, the emerging trends in A2A investment and the steps African policymakers can take to accelerate intra-African investment. According to the report, more African companies are investing in Africa, stating that such companies have confidence in the continent’s long-term…

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PMB Harps On Increased Commitment Against Corruption At UNGA

PMB Harps On Increased Commitment Against Corruption At UNGA

President Muhammadu Buhari on Tuesday in New York called for global action on corruption, security and UN reforms, in his address to world leaders at the ongoing 73rd session of the UN General Assembly. Buhari, who was the 14th speaker on the first day of the General Debate, also unfolded Nigeria’s positions on international matters before the global audience. Buhari in his Nigeria’s National Statement, painted a distressing picture of the Lake Chad, saying the shrinking water body meant loss of livelihoods to the 45 million people in the area….

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Dangote Refinery Jetty Recieves First Vessel

Dangote Refinery Jetty Recieves First Vessel

The move to divert cargo to other ports across the country received a major boost recently when the Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ever ship call. The ship named “BBC Naples” berthed at the new jetty on Sunday evening to deliver essential equipment for ongoing construction work at the Dangote Refinery. The 132 metres long, 9,755 tonnes general cargo ship is operated by BB Chartering, while Hull Blyth Nigeria Limited is the ship agent. The ship, which arrived the…

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NECA, Others to Address Human Capital Development

NECA, Others to Address Human Capital Development

Talks on human capital development and its connection with real economic growth is gathering momentum as experts gather tomorrow in Lagos. The co-founder of Microsoft, Bill Gates had, during his visit to Nigeria, advised government to prioritise human capital in its strategic economic plans, and integrate the educational system properly to meet with industry standards. The Director General of Nigeria Employers’ Consultative Association, NECA, Timothy Olawale, said discussion for the 34th edition of the Omolayole Management Lecture would be centred around human capital development. He noted that despite consistent population…

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$123.5m Required To Boost Mining Sector

$123.5m Required To Boost Mining Sector

Nigeria requires about $123.5m to develop minerals needed in industrial production, a report commissioned by the Ministry of Mines and Steel Development and the World Bank has said. The report, which was presented in Abuja on Tuesday, stated that Nigeria was importing most of the mineral resources because the ones obtained in the country were not processed. According to the report, should Nigeria invest about $123.5m over the next five years, it would be able to harness the local deposits and end the era of importation of industrial minerals. The…

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Google To Regulate Cryptocurrency Advertising On Its Platform

Google To Regulate Cryptocurrency Advertising On Its Platform

Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan. The new policy starts in October. Google’s original restrictions, which it announced in March and rolled out in June, were intended to protect consumers and included initial coin offerings (ICOs), wallets and trading advice, which are still not allowed. While the cryptocurrency boom has produced both excitement and wealth, it has also spawned fraud and high-profile scams, as regulation struggles to catch up with a fast-moving space. At various points earlier this year, Google, Facebook,…

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Brent Crude Eases To $72.05

Brent Crude Eases To $72.05

Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up. Brent crude futures were last down 30 cents on the day at $81.57 a barrel by 1132 GMT, after having risen to as much as $82.55 on Tuesday, the highest since November 2014. U.S. crude futures fell 23 cents to $72.05 a barrel. The United States will apply sanctions to halt oil exports…

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Delta Air Plans First Biometric Terminal In Atlanta

Delta Air Plans First Biometric Terminal In Atlanta

Delta Air Lines, in partnership with U.S. Customs and Border Protection (CBP), Hartsfield-Jackson Atlanta International Airport (ATL) and the Transportation Security Administration (TSA), have concluded plan to launch the first biometric terminal in the United States at Maynard H. Jackson International Terminal (Terminal F) in Atlanta. Beginning late this year, customers flying direct to an international destination have the option of using facial recognition technology from curb to gate, transforming the customer journey with a seamless travel experience through the airport. This optional, end-to-end Delta Biometrics experience includes using facial…

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