Minister of Aviation and Aerospace Development Festus Keyamo and the Federal Competition and Consumer Protection Commission (FCCPC) are at odds over the ongoing investigation into Air Peace, Nigeria’s leading airline. The probe, initiated by the FCCPC, examines allegations of consumer rights violations and operational practices by the airline. FCCPC’s Investigation The FCCPC launched its investigation following complaints from passengers regarding alleged flight cancellations, delays, and insufficient customer support. The commission has emphasized its commitment to protecting consumer rights and ensuring accountability within Nigeria’s aviation sector. Keyamo’s Position Keyamo has expressed reservations about the investigation, suggesting it might undermine the airline’s…
Author: Temitope N.
A leading agribusiness firm has unveiled a comprehensive blueprint aimed at revolutionizing cassava farming practices and enhancing productivity in the sector. This initiative is designed to address the challenges faced by cassava farmers, from planting to marketing, while promoting sustainable agricultural practices. Objectives of the Blueprint The blueprint aims to improve yield quality and quantity through the adoption of modern farming techniques, provision of high-yield cassava varieties, and access to innovative technologies. Additionally, it seeks to empower farmers with the necessary knowledge and resources to increase profitability and contribute to national food security. Key Features The blueprint encompasses: Training Programs:…
Colgate has announced the appointment of a new brand ambassador, marking a strategic move to strengthen its brand presence and appeal to consumers. This new partnership aligns with Colgate’s ongoing efforts to maintain its reputation as a trusted name in oral care while connecting with a broader audience. Details of the New Ambassador The new ambassador, a well-known public figure with significant influence, brings a blend of charisma and credibility that complements Colgate’s brand image. Their association with Colgate is expected to resonate with the target demographic, leveraging their reach and popularity to promote the brand’s core values of health,…
Promasidor Nigeria Limited has praised its network of distributors for their crucial role in driving the company’s growth and enhancing market presence. This recognition comes as the company celebrates the achievements made over the past year, attributing much of its success to the dedicated efforts of its distribution partners. Acknowledging Contributions The company highlighted that its distributors have been instrumental in maintaining a steady supply of its products across various regions, ensuring accessibility and availability for consumers. Their commitment has helped Promasidor maintain its competitive edge in the food and beverage industry, contributing to increased sales and brand loyalty. Key…
A new initiative aimed at empowering women to explore and engage with financing opportunities in the green economy is set to take place. This initiative will gather women leaders, entrepreneurs, and financial experts to discuss sustainable investment strategies and explore the roles women can play in advancing eco-friendly economic practices. Purpose of the Initiative The primary goal is to build awareness and capacity among women regarding financial tools and mechanisms that support green projects, such as renewable energy, sustainable agriculture, and eco-friendly infrastructure. The event will focus on educating participants on how they can contribute to and benefit from the…
A recent auction of seized properties, including 753 duplexes, has raised significant discussions within the housing sector. The housing group has called on the government to leverage such actions as part of a larger strategy to address housing deficits and provide affordable accommodation options for the population. Details of the Auction The auction, which involved the sale of duplexes and other real estate assets seized for various infractions, has been seen as an opportunity to redirect these assets to productive uses. The housing group emphasized that, instead of being left unutilized or repurposed in ways that do not contribute to…
The Nigerian naira has continued to show resilience and stability, maintaining its gains on the newly introduced EFXM platform. This platform, developed by the Central Bank of Nigeria (CBN), is designed to facilitate the efficient exchange of foreign exchange (forex) and strengthen the naira’s position against major international currencies. Key Features of the EFXM Platform The EFXM (Electronic Foreign Exchange Market) platform aims to enhance transparency, streamline forex transactions, and create a more structured market environment. By centralizing forex trading, the platform enables banks and authorized dealers to trade in a more competitive and regulated manner. This is intended to…
A major terminal operator has been honored for its outstanding contributions to the logistics and maritime sector, showcasing excellence in operations and service delivery. This recognition highlights the company’s commitment to efficiency, innovation, and sustainability in its terminal management practices. Reasons for the Recognition The terminal operator was acknowledged for its significant role in enhancing port operations, improving cargo handling times, and facilitating smoother supply chain processes. The company has implemented advanced technologies and best practices that have set a benchmark in the industry, promoting productivity and reducing congestion at ports. Positive Impact on Trade and Economy This recognition comes…
The price of cocoa has reached a significant milestone, increasing to N15 million per tonne, according to the Cocoa Research Institute of Nigeria (CRIN). This development marks a substantial rise in the value of the commodity, which has implications for both local farmers and the national economy. Factors Contributing to the Price Increase CRIN attributed the rise in cocoa prices to a combination of local and global market dynamics. These include increased demand for cocoa and its by-products, as well as challenges in the supply chain that have affected the availability of the commodity. Climate change, which has impacted production…
A former leader of Ohanaeze Ndigbo, Chief John Nnia Nwodo, has called on President Bola Tinubu to take urgent action to resolve the ongoing cash scarcity affecting Nigerians. This shortage, which has impacted economic activities and daily life, has led to widespread frustration and calls for policy intervention. Concerns Over Economic Implications Nwodo highlighted that the cash scarcity is stifling business operations, particularly for small and medium-sized enterprises (SMEs), and contributing to increased hardship for the general populace. The lack of physical cash has also exacerbated the challenges of conducting transactions, leading to a reliance on digital payment systems that…