Air Canada plane to make emergency landing in Madrid

Air Canada An Air Canada flight was due to make an emergency landing in Madrid on Monday following a technical problem just hours after taking off from the city’s Barajas airport, aviation officials said. “Plane with a technical problem is overflying Madrid before returning to Barajas airport,” tweeted ENAIRE, the public body that manages air…

Reps vow to name, shame MDAs over failed audit reports

The House of Representatives says it will “name and shame” Ministries, Departments and Agencies (MDAs) that refuse to appear before it with their audited reports. The Chairman, Committee on Public Accounts, Rep. Wole Oke, disclosed this during an investigative public hearing into the presentation of audit reports of MDAs on Monday. The committee is investigating…

Nigeria to focus on economic transformation through digital technology, says Minister

Minister of Communication, Dr Isa Ali Pantami Dr Isa Pantami, the Minister of Communications and Digital Economy, has assured that the ministry will focus on how to transform the Nigerian economy using emerging digital technologies. Pantami was speaking at the Seventh Study Group 13 (SG13) Regional Workshop for Africa, organised by International Telecommunications Union (ITU)…

Ex-chair, house committee on Petroleum and Gas Resources docked over alleged fraud

Rep. Nicholas Mutu, Chairman, House Committee on Petroleum (Downstream) and Gas Resources, on Monday, appeared in a Federal High Court, Abuja, over alleged graft of N320.1 million. Mutu was arraigned before Justice Folashade Giwa-Ogunbanjo on 11-count charge by the Economic and Financial Crimes Commission (EFCC). News Agency of Nigeria reports that while the EFCC is…

Finance Act will boost securities lending, REITs investment on capital market — Onyema

The floor of Stock exchange The Nigerian Stock Exchange (NSE) says securities lending will witness exponential growth with the elimination of tax on manufactured dividend arising from securities loan transaction by the Finance Act. Mr Oscar Onyema, NSE’s Chief Executive Officer, made the assertion at a symposium on the Finance Act, organised by the exchange…