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Daily Archives: February 26, 2018

Airbnb expands into Luxe Travel Services and Hotels

Facing slowing growth and pressure from regulators, Airbnb is introducing new services targeted toward travelers who choose luxury accommodations and hotels. On Thursday (Feb. 22), the company introduced upmarket travel services as well as a new category of properties, according to news from Reuters. “Airbnb (is) figuring out how do we grow at the same levels that investors are expecting us to grow, ... Read More »

LIRS introduces e-payment for consumption tax remittance

In its effort to leverage on e-payment and multi-modal payment portals, the Lagos State Internal Revenue Service (LIRS) has unveiled an automated invoicing system and technology device, Electronic Revenue Assurance system (ERA), at a stakeholders’ meeting held with hotel and business owners in the hospitality and Tourism sector of Lagos state at the Banquet Hall, State House, Alausa, Ikeja on Thursday, ... Read More »

Oloyede satisfied as 211,000 UTME candidates write mock exam

Ahead of the 2018 Unified Tertiary Matriculation Examination, UTME, billed to commence on March 6, the Registrar of Joint Admissions and Matriculation Board,JAMB,Prof. Ishaq Oloyede, has expressed hope that the exercise would experience significant improvement over previous ones. His confidence in the forthcoming examination was sequel to the successful conduct of a mock examination, Monday, across the country which he supervised ... Read More »

Ambode targets N897bn revenue for Y2018

Lagos State Governor, Mr Akinwunmi Ambode, on Monday signed the 2018 Appropriation Bill of the State into law with a total budget size of N1,046,121,181,680.00. The total budget size comprises of N347, 038, 938, 872.00 to be funded from the Consolidated Revenue Fund, and N699, 082, 242,808.00 from the Development Fund for both capital and recurrent expenditure for the year ... Read More »

What we’ll do about Nigerians in Boko Haram captivity – Buhari

President Muhammadu Buhari on Monday vowed to ensure the release of all those held captive by Boko Haram insurgents. Buhari said his government would go to any length in ensuring the safe return of Nigerians abducted by the insurgent group. He made the declaration while receiving three lecturers of the University of Maiduguri, UNIMAID, and 10 women who recently regained freedom from ... Read More »

Nigeria among 16 top rice producers

Nigeria has been listed among the sixteen top producers of rice in the world as her local production is valued at N684 billion ($1.9 billion). It was gathered that the country attained 3.7 million tons of milled rice last December. With Nigeria’s latest production record, annual imports would be reduced drastically from 4.5 million tons to 800,000 metric tons. According ... Read More »

FG confirms 110 girls missing after Boko Haram school attack

The Nigerian government on Sunday confirmed that 110 girls were missing after a Boko Haram school attack in the Northeast, following days of silence on the children’s fate. “The Federal Government has confirmed that 110 students of the Government Science and Technical College in Dapchi, Yobe State, are so far unaccounted for, after insurgents believed to be from a faction ... Read More »

New minimum wage begins before end of Sept ―FG

The federal government has assured Nigeria Labour Congress and entire labour workforce that the new national minimum wage will commence, latest by end of September 2018. The Minister of Labour and Employment, Senator Chris Ngige, declared on Monday that the federal government would announce the new minimum wage before the end of the third quarter which is September. Ngige was ... Read More »

Why lending rates are high in microfinance banks

Chief Executive Officers of Microfinance Banks (MfBs) have attributed the high interest rate charged by the banks to the high cost of doing business in the sub-sector. Speaking to Financial Vanguard, the chief executives noted that unlike commercial banks, MfBs don’t have access to cheap funds, and they also spend more resources per customer than what commercial banks spend. Managing ... Read More »

National Hospital Abuja gets 2nd radiotherapy machine

Following the announcement of a new radiotherapy machine for cancer treatment at the Radiotherapy Centre of the National Hospital, Abuja in December 2017, the institution has taken  delivery of another machine, the Elekta machine for Linear Accelerator (Linac). The machine, manufactured by JNC International Ltd, is expected to become operational by June 2018. The Chief Medical Director (CMD), National Hospital, ... Read More »