Author: Orientalnews Staff

Arik  air has announced its readiness to resume its Garden City Express which enables customers to fly direct to the heart of Port Harcourt City from MMA2 terminal in Lagos. The daily flight service which will commence on February 12, 2018 will depart from Murtala Muhammed Airport Terminal 2 (MMA2) Ikeja, Lagos and arrive at the Nigeria Air Force (NAF) Base Port Harcourt, a 10 minutes’ drive from down town. Arik Air maintains a well-resourced terminal at NAF Base Port Harcourt and assures passengers of premium customer service. Commenting on the Garden City Express, Arik Air’s Chief Executive Officer, Captain Roy Ilegbodu said the service eliminates the…

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The Managing Director of the Nigerian Airspace Management Agency (NAMA), Capt. Fola Akinkuotu has charged the newly inaugurated SERVICOM (Service Compact with all Nigerians) committee to ensure that the system of service delivery in the agency meets international best practices in line with its service level agreement with customers. Capt. Akinkuotu who made these remarks at the inauguration of NAMA SERVICOM Committee which took place at the agency’s headquarters in Lagos said as a service oriented agency, only excellence in service delivery can ensure that NAMA attains its vision of being a leading Air Navigation Service Provider (ANSP) in the…

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Sequel to successful outing of season-2 of the Big Brother Naija (BBNaija) last year, Heritage Bank Plc, your Timeless Wealth Partner has again partnered with MultiChoice Nigeria Limited, owners of the DSTV and GOTV brands to bring the third season of the entertainment to viewers across Africa and beyond. The Big Brother Naija 2018 was launched on Sunday night with Ebuka Obi-Uchendu as the host with 20 house mates battling for the winning prize of N45 million which include a cash gift of N25 million and SUV Jeep among others. The theme of this year’s edition is “Double Wahala.” The…

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Diamond Bank has set aside the sum of N433 million as the total prize money to be won in its Diamondxtra Season 10 reward scheme. Over 4,950 customers will be rewarded in the monthly and quarterly electronic draws. As usual, the winner of salary for life will receive monthly salary of N100,000 (one hundred thousand naira) for 20 years. According to the bank, new features have been introduced in this Season 10, which include a brand-new car, five years’ education allowance for one lucky customer, a year rent for three customers while six customers will smile home with N1 million…

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The Federal Government has created millions of jobs through its various programmes cutting across many sectors, the Minister of Information and Culture, Alhaji Lai Mohammed, has said. Speaking at the 6th Graduation Ceremony of the Empowerment Support Initiative (ESI), founded by former Rivers First Lady Dame Judith Amaechi, in Port Harcourt on Saturday, the Minister said over 7 million jobs have been created in the agriculture sector alone. ”In Agriculture, for example, this Administration has created over 7 million jobs. When the Administration assumed office in May 2015, about 5 million farmers were engaged in rice production. Thanks to the…

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Nigeria may have lost her position as the biggest economy on the continent, according to a report by the African Development Bank (AFDB). The report, made available to the media, showed that South Africa is the highest in Industrial Gross Domestic Product (GDP) with 44.8 percent. It is followed by Egypt, with 30.1 per cent; Cote d’Ivoire, 29 percent; Kenya, 23.3per cent and Ghana 21 per cent. Others are Ethiopia 21 per cent, Cameroon 17.9 percent and Nigeria 13.1  In the report titled: Industrialise Africa, the bank profiled the top eight countries on the continent and the contribution of industrial…

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A global rating agency- Fitch Ratings, in its latest report, has upgraded Access Bank’s National Long-Term Rating to ‘A+ from ‘A and at the same time affirmed the bank’s Long-Term Issuer Default Rating (IDR) at ‘B’.   According to the rating agency, Access Bank’s IDRs are driven by the bank’s intrinsic creditworthiness as defined by its Viability Rating (VR)”. This, it stated, was a reflection of Access’ Bank’s solid financial metrics, which are stronger than most Nigerian banks.   It added: “Access Bank’s asset quality metrics is said to compare especially well with its immediate peers, as the bank’s stock…

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The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru has called on PAN to maintain the tempo of the 2017 achievements also in 2018; just as he implored Nigerians both individuals and corporate to patronise Peugeot brand of cars. Kuru made the remarks at the 2018 Dealers Convention organized by the automobile company in Kaduna recently. He was represented at the event by Mr. Ben Daminabo, Head of Subsidiaries at AMCOM. According to him PAN achieved a lot of mileage in 2017 against all economic odds, which he stated required commendations from all stakeholders,…

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The suspended Director-General (DG) of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, has defended the voluntary retirement scheme for some staff of the commission in 2015 christened the ‘Golden Handshake’, saying the board of SEC approved the exercise. A panel of inquiry set up by the Minister of Finance, Mrs. Kemi Adeosun, to investigate alleged financial misconduct of the suspended DG had recommended his dismissal from public service, citing sundry violations, including the unilateral introduction of a voluntary retirement scheme with a cost implication of N1.7 billion. However, reacting to the reported introduction of the retirement exercise, Gwarzo…

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Yemisi Izuora The Chairman, Insurance Industry Consultative Industry (IICC), Funmi Babington-Ashaye has said that the industry requires the support of the media to improve the image to an appreciable level. Babington-Ashaye, while delivering her welcome address at the ongoing 2018 IICC Media Retreat taking place in Ijebu-Ode, Ogun State, said that IICC was formed with the aim of raising the profile of the industry. She said that measures have been put in place to promote the Industry, but because Insurance is highly technical, the public needs to be educated to gain their trust and commitments. Another objective of the IICC…

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