Business

The Nigeria Employers’ Consultative Association (NECA) has frowned at the continuous deduction of N50 per transaction as stamp duties by the Deposit Money Banks (DMBs), against the directive by a federal court. It would be recalled that the Federal Court of Appeal had in the matter between Kasmal International Services…

Samsung chief Jay Y. Lee appeared at the South Korean special prosecutor’s office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor has focused on South Korea’s biggest conglomerate, accusing Lee in his capacity as Samsung…

U.S. President Donald Trump changed tack and agreed to honor the “one China” policy during a phone call with China’s leader Xi Jinping, a major diplomatic boost for Beijing which brooks no criticism of its claim to self-ruled Taiwan says Reuters. Trump angered Beijing in December by talking to the…

The management of Arik Air has said it will challenge the takeover of the airline by the Assets Management Company of Nigeria (AMCON) in court says Newsverge. The Senior Vice President, Operations at Arik Air Capt. Ado Sanusi, said this at a news briefing with the newly appointed receiver Manager,…

German airline, Lufthansa Group will today February 10 station the first ten of its new Airbus, A350-900 aircraft to the public for the first time in Munich, Germany. The A350-900 is the world’s most advanced and most environmentally friendly long-haul aircraft. A statement from Lufthansa Group says the first destinations…

The federal government of Nigeria has taken over the operation of Nigeria’s largest domestic carrier, Arik Air, News Agency of Nigeria (NAN) has said. The Assets Management Corporation of Nigeria (AMCON) on Thursday said it has taken over the operation of Arik Air due to its heavy debt burden .…

The Nigerian Civil Aviation Authority (NCAA) has sanctioned First Nation Airways and one of its pilots for aviation infraction. The aviation regulatory agency in the country, according to Newsverge fined First Nation Airways and one of its pilots, the sum of N32 million and N1.5 million respectively over violation of…

After a two year break, the Top 100 Hotels Awards in Nigeria will be relocating to the Garden City of Port Harcourt. Organisers of the event, ATQnews.com in partnership with Akwaaba African Travel Market  said the awards will hold at the Port Harcourt Bantaba, in Rivers State, a shift from…

Six people have been convicted for acts of sabotage ranging from illegal installation of Pre-Paid meter and vandalisation of various distribution substations belonging to the Enugu Electricity Distribution Company (EEDC). EEDC who frowned at the increasing rate of vandalisation of its properties said in a statement signed by Emeka Ezeh,…

Risks experts have advised economic managers of the country to tackle the issue of conflict, terrorism and political violence if the government’s aim of attracting investors into the country must be fully achieved. This advice is contained in the Allianz Risk Barometer 2017 report released recently in Lagos. The report…