Arik Air Resumes Domestic Flights, Says Airline Has Paid FAAN N18.9 Billion

Contrary to claims by aviation unionists that Arik Air owes the Federal Airports Authority of Nigeria (FAAN) N12.5 billion, the airline has said it does not owe FAAN, as it has paid N18.9 billion to date in excess of the said amount of debt.

While apologising to its hundreds of passengers for inconveniences suffered on Wednesday, the airline also announced it has resumed its domestic flights, which it suspended on Wednesday following disruptions by aviation unions.

WELCOME TO THE FUTURE!!!

How Buhari’s $2 Billion Chinese Loan Puts Nigeria At Risk – Forbes Report [MUST READ]

Chinese President Xi Jinping (R) greets President of Nigeria Muhammadu Buhari (L) during a plenary session of the 2016 Nuclear Security Summit April 1, 2016 in Washington, DC. | Alex Wong/Getty Images/AFP

Amid Nigerian President Muhammadu Buhari’s visit to Beijing this week, Foreign Minister Geoffrey Onyeama announced that China has offered Nigeria a $6 billion loan to pay for infrastructure projects. President Buhari aims to increase spending on public works projects as a means of kickstarting economic growth. Nigeria is facing its worst economic crisis in decades as low global oil prices continue to hit public finances in the crude-exporting country.

Meanwhile, Finance Minister Kemi Adeosun said on April 9 that she is forecasting a budget deficit of 2.2 trillion naira ($11 billion) in 2016, and stressed the need for fiscal discipline. The forecast comes amid increasingly negative economic indicators. Inflation, as measured by the National Bureau of Statistics (NBS), rose to 12.8% in March – its highest level in almost four years – from 11.4% in February. This is mainly as a result of higher food and gasoline prices coupled with restrictions on foreign currency movements. The NBS reported on March 22 that unemployment rose to 10.4% in the final quarter of 2015, up from 9.9% in the previous quarter. Meanwhile, the IMF has lowered its 2016 growth forecast for Nigeria by almost one percentage point to 2.3%.

HP unveils the world's thinnest laptop: £1,150 Spectre 13 Ultrabook is thinner than the Macbook Air and has a 10-hour battery

For all you business enthusiasts who love using HP, a new laptop has been unveiled by HP which will be the thinnest in the world.

At 0.4 inches (10.4mm) thick, the Spectre 13 Ultrabook is thinner than AAA batteries and both thinner and lighter than Apple's 13-inch MacBook Air.

It breaks the previous record held by its own 0.49-inch thick (12.4mm) EliteBook Folio G1 enterprise Ultrabook.

Firm drags Zenith Bank to court over €7,491 transaction

The management of Emil Walson Nigeria Limited has dragged the Zenith Bank Plc before an Igbosere Magistrates’ Court in Lagos, Southwest Nigeria for allegedly refunding the sum of €7,491,33 paid into their account domiciled with Zenith Bank by their oversea business partner back to them without their consent.

The trial of the case in suit No MCL/1085/2013 which commenced in 2013 came up on 15 April, 2016 before magistrate Mr W.B Balogun of Court 7 but the trial could not go on so the magistrate had to adjourn the case till 20 April, 2016 for the continuation of trial.

11 habits that can make you lose respect at work

Some aspects of office etiquette are generational.

Others have stood the test of time.

Many of the ways you act at home or with friends may be offensive in a work environment.

The problem is that not many will speak out when they are made uncomfortable. They will simply tolerate it publicly and make a mental note.

The mistake for the offenders is to be unaware or assume you got away with poor behavior.

Then you wonder why you struggle getting people to follow you or support you in major opportunities. Listed below are offenses that may seem like nothing too egregious by themselves, but a few put together will make others roll their eyes every time they see you coming.

Currency swap with China will boost economy – Bureau de change

Alhaji Ibrahim Yelwa, a bureau de change operator in Sokoto, says the recent currency swap agreement between Nigeria and China will boost bilateral trade between them.

Yelwa, the Chairman of Mailabo Bureau De Change, told newsmen in Sokoto on Saturday that the agreement came at the time when Nigeria’s economy was in dire need of diversification.

Backward integration: Nigeria looks to Dangote, others

Backward integration, a practice where companies are encouraged to cultivate their own raw materials by purchasing their suppliers or establishing farms to grow produce for their factories, gained momentum in Nigeria following the crash in crude oil prices which started in the fourth quarter of 2014.

The yearning of the government was made known by the Minister of Solid Minerals Development, Dr. Kayode Fayemi who declared during the groundbreaking ceremony of Dangote Cement plant in Okpella, Edo State, that the greatest desire of the government was seeing Nigerian entrepreneurs working together with the government through backward integration to unlock the potential of the solid minerals sector.

CBN allocates N26bn to sugar production

Central Bank of Nigeria has committed about N26 billion to support the production of sugar in the country as part of measures to promote economic diversification.

The CBN Governor, Mr. Godwin Emefiele, stated this during a facility tour of the new completed Sunti Golden Sugar factory located in Sunti, Niger State.

E.U. Offers to Loosen Restrictions on Iran Air

BRUSSELS — Almost six years ago, the European Union sharply curtailed access to its airspace for Iran’s aging airline fleet. But officials in Brussels say they are now prepared to loosen some of those restrictions as the easing of Western sanctions gradually allows new planes and spare parts to enter Iran after decades of isolation.

Clinton backer George Clooney condemns 'obscene' sums in White House race

WASHINGTON (Reuters) - Actor and director George Clooney, a supporter of Hillary Clinton's presidential bid, broke ranks over campaign financing on Saturday to condemn the "obscene" sums of money in U.S. politics and praised Clinton's chief political rival in the process.

Volkswagen increases discounts after emissions scandal: report

According to Reuters.com, Volkswagen AG (VOWG_p.DE) is offering bigger discounts in its home market to try to lure back customers after the automaker admitted using software to allow diesel vehicles to cheat emissions tests, a German trade magazine reported on Saturday.

7 Verses Of The Bible That Can Keep You Motivated at Work!

Everyone feels it at some point: that loss of motivation when you’ve been working hard, day in and day out, and you feel like you’re about to burn out. While it is only human to feel like giving up, the Bible offers several verses that explain the importance and rewards of hard work.

Here are seven Bible verses that explain the importance of hard work. (All verses are NIV translation.)

10 THINGS THAT CHARACTERIZE GOOD LEADERSHIP!

Here are 10 characteristics of good leadership:

1. Recognizes the value in other people, so continually invests in others – Good leaders see a large part of their role as developing other leaders. Leadership development takes place in an organization as good leaders begin to share their experiences, good and bad, with others.

5 Habits of the Wealthy That Helped Them Get Rich

Why do the rich keep getting richer? Most of the time, it’s not because of luck. It’s not because of the family they were born into. It’s not because they won the lottery.

Wealthy people simply do things differently.

26 Motivational Quotes That Will Inspire Success In 2016

The way you think and feel about yourself, including your beliefs and expectations about what is possible for you, determines everything that happens to you. When you change the quality of your thinking, you change the quality of your life, sometimes instantly.

You have complete control over only one thing in the universe — your thinking! You can decide what you are going to think in any given situation. Your thoughts and feelings determine your actions and determine the results you get. It all starts with your thoughts.

I’ve compiled a list of some of the best motivational quotes for your motivation so you can start by taking control of your thoughts, thinking positively and setting new goals!

Pause: Are you prepared to become very serious?

Pause: Are you prepared to become very serious?

When I was a young entrepreneur just beginning to enjoy the first flashes of success in my business career, I befriended a very successful businessman from my homeland. Ariston Chambati was a towering figure in his day. He was the nearest thing I ever had in those days to someone you would call a mentor today. He'd already gained international recognition and often travelled to international meetings, and served on several international boards.