COVID-19: London’s Heathrow loses £3.4bn revenue
Heathrow’s losses from the COVID-19 pandemic have hit £3.4 billion ($4.68 billion). The west London airport said it was continuing to lose money in spite of reducing its operating costs by more than 30 per cent. But it insisted it has the “financial strength” to survive “until the market recovers”, with £4.1 billion of cash. Some 10.2 million passengers travelled through Heathrow...
Nigeria records 711 new COVID-19 cases on Monday
Nigeria on Monday recorded 711 new COVID-19 cases, bringing the total infections in the country to 211,171. The Nigeria Centre for Disease Control (NCDC) disclosed this on its website on Tuesday morning. The 711 new cases reported on Monday, indicates an increase from the 165 cases posted previously in the country. The centre also recorded two deaths, noting that the country’s fatality...
Anambra election: INEC denies exit of adhoc workers
The Independent National Electoral Commission (INEC) has adequate manpower for the conduct of November 6 governorship election in Anambra. Dr. Nwachukwu Orji, INEC Resident Electoral Commissioner in Anambra State, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Awka. Orji who was reacting to viral media report that hundreds of adhoc workers recruited for the...
Buhari attributes social unrest to inequality, unfair policies
President Muhammadu Buhari on Tuesday attributed growing social unrest to inequality and unfair policies that exclude majority from opportunities for participation. He admonished world leaders and global investors to prioritize on inclusive and humane policies. Speaking at the 5th Edition of Future Investment Initiative Summit holding in Riyadh, Saudi Arabia, President Buhari said his administration will keep encouraging public and private...
CBN releases guidelines for eNaira, no charges for 90 days
Following the launch of the eNaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5,000 downloads within hours of the launch. This is as the apex bank released regulatory guidelines which stipulate that charges for transactions that originate from the eNaira platform will be free in...
Access Bank signs merger agreement with Zambia’s Atlas Mara
Access Bank Plc has signed an agreement with Atlas Mara Ltd. on a merger between African Banking Corporation Zambia Ltd., and its subsidiary, Access Bank Zambia Ltd. The bank’s Group Managing Director/Chief Executive Officer, Mr. Herbert Wigwe, said this in a notice posted on the website of the Nigerian Exchange (NGX) Ltd. on Monday. According to Wigwe, upon completion of the...
Man O’ War member: How #EndSARS protester stabbed me at Lekki
Mr. Shina Edun, a Man O' War member attached to the Lekki Concession Company (LCC), has recounted how a protester stabbed him during the October 20, 2021 #EndSARS anniversary protest in Lagos Edun said he was stabbed in the abdomen by a protester when police asked the protesters to vacate the Lekki Toll Gate. He spoke on Monday when officials of...
Nestle grows Q3 profit to N51.58bn, to pay 25k dividend
Nestlé Nigeria Plc has posted a profit before tax (PBT) of N51.58 billion for the third quarter ended September 30. This was contained in the company’s Unaudited Financial Statements sent to the Nigerian Exchange (NGX) Ltd., signed by the Company Secretary/Legal Adviser, Mr. Bode Ayeku, on Monday in Lagos. According to the financial statements, the PBT represented a five per cent...
Tiwa Savage: Some people’ll be happy when I am no more
Popular Afro-pop music star, Tiwalade Savage, has said that some people will rejoice when she is no more. The mother-of-one has been in the storm over her sex tape that got leaked and recently surfaces on the social media. Tiwa, who took to her Instagram story on Monday, said she was sad about the death of her dad and friend, 44. “I...
N7.1bn fraud: EFCC appeals ruling nullifying re-trial of Orji Kalu
The Economic and Financial Crimes Commission (EFCC) has approached Court of Appeal, Abuja Division asking it to nullify the ruling of a Federal High Court sitting in Abuja which stopped the retrial of a former Governor of Abia State, Orji Uzor Kalu over a N7.1 billion fraud case. Justice Inyang Ekwo had in September 29 ruling stopped the EFCC from retrying Kalu...
