Aviation

Airfares soar as foreign airlines hike exchange rate

International airfares on Nigerian routes have gone up further by over 20 per cent after foreign airlines raised the exchange rate for ticket sale from N462 per dollar to N551 per dollar, findings by The PUNCH have revealed. International travellers on Nigerian routes have been paying higher airfares after carriers blocked their inventory of cheaper tickets in order to cushion the effects of the…
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Banking

EFCC Arrests PoS Ondo Operators for Trading Naira notes

Officials of the Economic and Financial Crimes Commission were caught in several local government areas in South and North Akure, Ondo Province, and point of sale operators suspected of selling overpriced naira were arrested. On Friday and Saturday, the Anti-Corruption…
Transportation

Bus-train accident: Lagos to charge driver with manslaughter

The Lagos State Government is set to charge the driver of the staff bus involved in a collision with a train, Oluwaseun Osinbajo, with manslaughter. The collision occurred on March 9 at the PWD railway crossing in Ikeja, the state capital. The bus, which had employees of the state government onboard, was then dragged by the train which eventually came to a stop in the Sogunle area of the…
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Banking

Access Bank Zambia acquires Atlas Mara

Access Holdings Plc has announced that Access Bank Zambia Limited, a subsidiary of its flagship subsidiary, Access Bank Plc, has received final regulatory approval from the Central Bank of Zambia for the acquisition and merger of African Banking Corporation Zambia Limited…
Banking

CBN tells banks to open on Saturdays and Sundays.

Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations. The apex bank also confirmed the evacuation of banknotes from its vaults to…
Agriculture

Introduction of disease-resistant corn hybrids to farms by government and groups

The Federal Government, in partnership with Export Trade Group and Nigeria Agro Inputs Dealers Association, on Thursday, unveiled disease-resistant hybrid maize seeds to boost crop production as the planting season begins. Officials from the Federal Government’s Institute of Agricultural Research, the trade group, as well as NAIDA, unveiled the ETG M401 and ETG M601 hybrid maize varieties to…
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Banking

Wema Bank begins registration for technology competitions.

Wema Bank Plc has opened application entries for the fourth edition of its tech talent discovery and nurturing project among university students tagged Hackaholics 4.0. Announcing the commencement of entries for Hackaholics 4.0 at a press conference on Tuesday in Lagos, the bank’s Executive Director, Digital Services, Mr Tunde Mabawonku, said as bank was innovating, it was also helping…
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