FG lifts ban on Emirates Airlines as UAE begins Visa Issuance to Nigerians
Minister of Aviation, Senator Hadi Sirika says the Nigerian government had agreed to lift the ban placed on Emirates Airlines from operating in and out of the country based on the undertaking by the authorities of the United Arabs Emirates (UAE).
According to him, the commencement of the airline’s operations would however depend on the commencement of visa issuance by the UAE.
‘We are committed to helping Issuers derive optimal value from their interaction with the market.’ – NSE Council President, Otunba Abimbola Ogunbanjo.
The President of the National Council of The Nigerian Stock Exchange (NSE), Otunba Abimbola Ogunbanjo, has reaffirmed the committment of the Nigerian stock Exchnage (NSE) towards ensuring that Issuers derive optimal value from their interactions with the market,
Otunba Abimbola Ogunbanjo was speaking during a factory tour of Golden Guinea Breweries Plc (GGB) along with the Divisional Head, NSE, Listings Business, Olumide Bolumole on Monday earlier in the week….
Shell announces plans to cut up to 9,000 jobs worldwide
Oil workers in the country face the risk of loosing their jobs as Royal Dutch Shell announced on Wednesday that it has plans to cut up to 9,000 jobs worldwide.
Shell, which employs more than 4,500 Nigerians directly and another 20,000 indirectly through the network of companies that provide supplies and services, said “reduced organisational complexity” is to save between $2 billion – $2.5 billion by 2022 on an annual basis….
Shell’s CEO Ben van Beurden described it as an “extremely tough process” but said “reducing cost is essential”.
He referred to bringing technical support staff for its global assets “all into one place”, and there being
“In some cases there are good reasons for that, but as a principle we are looking to remove that complexity, and cost, so we can be the nimble, efficient and customer-focused company we need to be,” Van Beurden said.
The move comes five months after it cut its dividend for the first time since World War II.
Battered by the travails of the coronavirus pandemic and a fall in oil prices, managing costs has emerged the biggest issue in Nigeria’s oil and gas sector as many producers are drilling at costs higher than the price of oil in the international market.
Oil majors have been rocked by the dual shock of Covid and the oil price crash. In July, Shell announced an $18 billion loss in the second quarter of the year due to the impact on its business.