Ondo residents beg Akeredolu to complete road project
Residents of Oda Community in Akure South Local Government Area of Ondo State have appealed to the state government to expedite action on the construction of the community road. The residents lamented… 12th September 2023
Oyo govt vows to rid Oke-Ogun of insecurity
The Oyo State Government has said it remained committed to winning the war against insecurity in the Oke-Ogun area of the state. The Deputy Governor of Oyo State, Bayo Lawal, said this on Thursday dur… 12th September 2023
LASG trains PHC staff in mental health
The Lagos State Ministry of Health has organised a mental health capacity-building training session for no fewer than 314 primary health care staff including doctors, nurses, community health officers… 12th September 2023
Lagos true centre of excellence — S’West lawmakers
Speakers of Houses of Assembly in the South-West geopolitical zone of Nigeria, on Monday, converged on the Lagos State House of Assembly for discussions aimed at the progress of the zone. The meeting … 12th September 2023
Sanwo-Olu reiterates commitment to sports development
The Lagos State Governor, Mr Babajide Sanwo-Olu, has reiterated that his administration will continue to encourage youth participation and sports development to build a sane society. Sanwo-Olu, repres… 12th September 2023
Lagos LG chair distributes palliatives to constituents
The Chairman of Bariga Local Government Area of Lagos State, Hon. Kolade David has rolled out a total of 5000 pieces of food palliatives to members of the constituents in an ongoing effort to cushion … 12th September 2023
Obasanjo, governors mourn as ‘Doyen of Accounting,’ Williams dies
Prominent Nigerians on Monday expressed sadness over the demise of Nigeria’s first chartered accountant, Akintola Williams. Williams, fondly referred to as the doyen of accounting died at the age of… 12th September 2023
Morocco earthquake death toll rises to 2,700
Villagers wept for lost relatives in the rubble of their homes on Monday as the death toll from Morocco’s deadliest earthquake in more than six decades rose to almost 2,700 and rescuers raced agains… 12th September 2023
Lalong wins as tribunal sacks Delta PDP, APC reps
The National Assembly Elections Petitions judgment sitting in Jos on Monday declared former Governor of Plateau state, Simon Lalong winner of the Plateau South Senatorial election. Lalong, who is the … 12th September 2023
N2.9bn fraud: Jonathan’s godson, two others jailed six years
A Federal High Court sitting in Port Harcourt, Rivers State, has convicted and sentenced a former Special Adviser to Dan Abia, erstwhile Managing Director of the Niger Delta Development Commission, Ge… 12th September 2023
Abiodun defends demolition, Daniel’s wife gets court order
An Ogun State High Court sitting in Ijebu-Ode, on Monday, granted an order asking the Ogun State government to maintain the status quo and stay off the property belonging to the wife of the Senator re… 12th September 2023
Wike weakening PDP to run for 2027 presidency — Party chieftain
A chieftain of the Peoples Democratic Party, Pedro Obaseki, has accused the Federal Capital Territory Minister, Nyesom Wike, of plotting to weaken the structures of the party to make it easier for him… 12th September 2023
Tinubu’s visit: UAE lifts travel ban on Nigeria
![Tinubu’s visit: UEA lifts travel ban on Nigeria](https://i0.wp.com/businessday.ng/wp-content/uploads/2023/09/Tinubu-in-UAE-.png?fit=700%2C400&ssl=1)
President Bola Ahmed Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, on Monday in Abu Dhabi, have finalized a historic agreement, which has resulted in the immediate cessation of the visa ban placed on Nigerian travelers.
Furthermore, by this historic agreement, both Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out of Nigeria, without any further delay.
In a statement by Ajuri Ngelale, special adviser to the President, Media & Publicity, stated that as negotiated between the two Heads of State, this immediate restoration of flight activity, through these two airlines and between the two countries, does not involve any immediate payment by the Nigerian government.
“In recognition of President Tinubu’s economic development diplomacy drive and proposals today presented by President Tinubu to his counterpart, an agreed framework has been established, which will involve several billions of U.S. dollars worth of new investments into the Nigerian economy across multiple sectors, including defense, agriculture and others, by the investment arms of the Government of the United Arab Emirates.
“Additionally, President Tinubu is pleased to have successfully negotiated a joint, new foreign exchange liquidity programme between the two governments, which will be announced in detail in the coming weeks,” Ngelale stated.
He stated that the President commends Mohamed bin Zayed Al Nahyan, the UAE President, for his unalloyed friendship and his determined effort to join hands with him to fully normalize and reset to excellence, the standard of relations between the two important countries.
BUSINESS NEWS
NSPM launches credential verification platform
Nigerian Security Printing and Minting Plc has announced that it will be launching the ‘Verification and Authentication of Certificates’ Solution on September 14. VAC Solution is a secure online p… 12th September 2023
Flutterwave, Wema Bank launch digital FX product
Flutterwave, in collaboration with Wema Bank and Kadavra, has launched Swap, a product aimed at digitising access to foreign exchange for Nigerians. This solution simplified and enhanced the FX experi… 12th September 2023
Zenith Bank grew H1 revenue by 139% to N967bn
Zenith Bank grew gross earnings by 139 per cent from N404.8bn to N967.3bn in the first half of the year, driven by improved interest income and gains from foreign exchange revaluation. According to th… 12th September 2023
Access Pensions CEO advocates fund to bridge infrastructure gap
The Managing Director/Chief Executive Officer of Access Pensions Limited, Dave Uduanu, has said the growing pension funds under the Contributory Pension Scheme can help to address Nigeria’s infrastr… 12th September 2023
FG delists 37 illegal loan apps
The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s new report. The number of fully approved loan apps also grew to 164 f… 12th September 2023
Afreximbank eyes $43bn investment from intra-African trade
The African Export and Import Bank has said it is targeting $43bn in investment and trade deals from the 2023 Intra-African Trade Fair. This was disclosed on Monday at a road show to promote the trade… 12th September 2023
NNEW canvasses workplace policies for nursing mothers
NECA’s Network of Entrepreneurial Women has reiterated the need for the government to initiate policies that make it compulsory for organisations to provide a safer working environment for lactating… 12th September 2023
Tranzfar expands access to international payment
Tranzfar Limited, an international payment solutions provider, focused on remittances, payment infrastructure and digital banking, has expanded its Freedom Account to over 100 countries. During a pres… 12th September 2023
NIFOR, firm collaborate on agricultural development
The Nigerian Institute for Oil Palm Research and an Edo-based private palm producing company, Luscei Investment Limited, have signed a Memorandum of Understanding for the latter to host the institute�… 12th September 2023
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