Connect with us

Business

Destination Ouidha Launches Jan 20, Collaboration Between Nigeria/Benin Republic

Published

on

The yearning for regional tourism economy collaboration between stakeholders in ECOWAS to enhance economic development and business advancement has finally reared its positive head in Cotonou, Republic Du Benin on Sunday, 6 January, 2018

In a formal ceremony held at Benin Royal Hotel, Cotonou, tourism stakeholders from Nigeria and Republic Du Benin agreed to collaborate in what tourism observers described as novel concept in the history of tourism business in West – Africa and a giant leap in the tourism sector to test run a joint back to back tourists traffic movement christened Destination Ouidha on January 20, 2018 in Cotonou.
Giving the collaboration a vent of sustainable economic endurance is the synergy of possibility infused by the Union Bank of Nigeria PLC, at powering the initiative and ensuring its success.
Ambassador Wanle Akinboboye , President , La Campagne Tropicana Beach Resort and Grand Promoter , Motherland Beckons , who led the Nigerian delegation which include Mr Anietie Bassey , Head , Business to Business, Union Bank of Nigeria PLC on one hand, His Excellency Ambassador Wabi Dauda, Chief Executive Officer and President, DreamBeach, Mr Bouraima Dine, Chief Executive Officer, Benin Royal hotel and President General, Consortium of Tourism By A Million and others stakeholders from Republic Du Benin on other hand agreed to jointly ensure the success of Destination Ouidha.

In his speech , Mr Bouraima described the meeting of the stakeholders from the two countries as one of the finest moments in the history of ECOWAS in relation to tourism ‘Here we are , we members of the private tourism practitioners from two countries without any government officials breathing down our necks collaborating on a mutually benefiting initiative”He assured “we solemnly promise to do all that is necessary at this end in terms of security , good hotels and we want you to tell us the preferences of in terms of food and other things :

Mr Bouraima disclosed “we are assuring visiting Nigerians of rare hospitality and wholesome human relation as we the French West- Africa are very hospitable:
Ambassador Akinboboye highlighted the reason for the initiative as “We are creating a platform for the enhancement of being a soul mate of different father but of the same mother. If you study the history of ECOWAS, from Futa Jallon Highland to The Gambia, Cote de D’ Ivoire, down to Gold Coast and the area called Nigeria, you will notice the variables of intermingling and inter relationship which is now on the threshold of being extricated either by the vicissitude of religion and politics or by sheer failure of ourselves not taking the advantage of our advantages. We all know that we cannot advanced doing things in this way. Hence our resolve now to add water, sugar and flavour to our lemon turning it to Lemonade “He revealed “We are initiating a global platform of integration with packages honed enough to lure the over 1,2 billion West – African in Diaspora to visit their mother’s land “

He sequentially outlined the four cardinal points of Destination Ouidha “i must quickly mention the four target mission of destination Ouidha which are , Corporate Africa Eco Retreat , CAER , seek to lure Corporate Africans from each country to explore the tourism valuable in each country ; Camp Africa for Children, CAFC, which is solely for an inter-regional cultural and tourism visitation of West – African Children , Youth Africa Tourism Expedition (YATE), designed for newly wedded young Africans, couples to explore blissful and romantic sites to consummate their matrimonial relaxation and Recreational Tourism (RT), for those who just want to feature leisure tourism. If these four-target point of that apply to inter- regional movement under the Motherland Beckons gospel”

He commended the Union Bank of Nigeria Plc for its epochal and historical initiative of being the first bank in Nigeria which has since discovered the untapped fortune in the tourism sector and coming boldly to encourage the full enhancement for the benefit of the people by establishing a tourism portfolio and designing dynamic tourism packages.

Ambassador Akinboboye exposed the essentials of the Union Bank Tourism Portfolio which include, Generous Discount Offer, GEDO, Instalmental Payment Offer, IPO, Spread Over Payment Option, SOPO, and Travel Agents Bargaining Option, TABO. All packages are of win-win, mutually conducive options for the parties.
Confirming the Union Bank Nigeria PLC posture , Mr Bassey said “ Union Bank Nigeria PLC has seen the economic potentialities of Destination Ouidha , the Motherland Beckons Tourism Initiatives and is ready to provide the financial soft landing and credit lubrication for those who do not have enough money at one payment or who do not want to tie down their capital at pursuing their tourism dream. Union Bank is out to help in facilitating and making its customers tourism dreams a reality without financial stress.”

His Excellency, Ambassador Dauda, who owns the biggest entertainment outfit in Republic Du Benin, commended Ambassador Akinboboye for his continental building tourism initiative specifically by ensuring the making of Destination Ouidha a reality.
He specifically lauded Union Bank of Nigeria PLC for thinking out of the box and coming out with customers-friendly tourism packages, adding that “This initiative has endeared Union Bank Nigeria PLC to businessmen and women in Republic Du Benin and we shall ensure the full optimisation of the offers and other areas of linkage with the bank”.

The summit was sealed with the stakeholders from the two countries visiting some tourism sites in Republic Du Benin and resolving to go back home, tie their loins and ensure the success of the test run of Destination Ouidha slated for January 20.

With Destination Ouidha tourism just got better and we look forward to you all experiencing an exceptional fun that will last forever 

Business

TikTok won’t be sold, says Chinese owner as US ban looms

Published

on

By

ByteDance, the Chinese parent company of TikTok, says it has no intention of selling the social media platform.

“Foreign media reports that ByteDance is exploring the sale of TikTok are untrue,” the company wrote in a statement on Toutiao, a news aggregation app that it owns.

“ByteDance doesn’t have any plan to sell TikTok.”

The statement was in response to an article by The Information on Thursday saying “ByteDance is exploring scenarios for selling TikTok’s US business without the algorithm that recommends videos to TikTok users”.

The development followed after the US passed a law to force ByteDance to sell the hugely popular video app or be banned in America.

The sell-or-ban measure was signed into law by US President Joe Biden on Wednesday.

The bill, passed by the senate on Tuesday, follows concerns among US lawmakers that China could access Americans’ data or use the app for surveillance.

In March, the house of representatives passed a bill to ban TikTok unless the app parts ways with ByteDance.

The lawmakers voted — 352 in favour of the proposed law and 65 against it — in a rare moment of bipartisan unity.

In 2022, the US house of representatives ordered its staff to delete TikTok from any house-issued mobile devices.

TikTok recently said it would challenge in court the “unconstitutional” law.

Continue Reading

Business

Dangote refinery ranked above 10 biggest European refineries

Published

on

By

A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe.

According to data compiled by the business news platform, the refinery has more capacity than many European ones.

The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels of petroleum products per day.

The report sighted by newsmen on Thursday stated that this is over 246,00bpd capacity, more than Shell’s Pernis Refinery, which is located in the Netherlands.

It added that the Pernis Refinery, which has an installed capacity of 404,000bpd, is the biggest in Europe. The BP Rotterdam Refinery in the Netherlands has a capacity of 380,000.

Bloomberg also reported that the GOI Energy ISAB Refinery in Italy was built with a refining capacity of 360,000bpd.

Also, the TotalEnergies Antwerp refining facility in Belgium can refine 338,000bpd.

Others listed in the report were the Orlen Plock Refinery in Poland with 327,000bpd; Shell’s Rheinland in Germany with 327,000bpd; Miro Refinery in Germany with 310,000 capacity; and the ExxonMobil Anterwep Refinery in Belgium with 307,000 capacity.

It added that the Saras Sarroch Refinery in Italy had 300,000 capacity; the ExxonMobil Fawley in England had 270,000bpd capacity.

The Bloomberg report described the Dangote Refinery as a ‘game changer’ and said it was taking advantage of cheaper US oil imports for as much as a third of its feedstock as it started up.

According to analysts, the refinery has been shipping products in recent weeks while readying two units to enable petrol output, which will deliver a long-promised transformation of the fuel market in Nigeria and the region.

“Dangote is going to influence Atlantic Basin gasoline markets this summer and for the rest of the year,” an oil expert, Alan Gelder, told Bloomberg.

According to the average estimate of analysts at WoodMac, FGE, and Citac, the refinery is running at about 300,000 barrels a day, nearly half its nameplate capacity.

The complex has started shipping jet fuel, diesel, and naphtha as it widens to a full slate of products.

Reuters recently reported that the Dangote oil refinery could end a decades-long petrol trade from Europe to Africa, worth $17 billion a year.

Reuters, quoting analysts and traders, said the Dangote refinery was heaping pressure on European refineries already at risk of closure from heightened competition, adding that the refinery would be the largest in Africa and Europe when it reaches full capacity.

About a third of Europe’s 1.33mbpd average petrol exports in 2023 went to West Africa, a bigger chunk than any other region, with most of those exports ending up in Nigeria, Reuters said, quoting Kpler data.

Dangote Refinery has begun selling diesel into the Nigerian market, crashing the pump price from N1,600 to N940 in less than a month.

Continue Reading

Business

FG grants Air Peace approval to commence Abuja-London flights

Published

on

By

The federal government (FG) says it has approved the commencement of flight services from Abuja to London by Air Peace.

Festus Keyamo, minister of aviation and aerospace development, spoke on Channels television on Thursday.

Keyamo said he gave the approval for Air Peace to add Abuja to its London route on April 24.

“Just yesterday (Wednesday), I approved Air Peace for the Abuja-London route, not only Lagos-London route,” the minister said.

“British Airways also come to Abuja.

“So, let Air Peace block that path and start a war. It’s all for the good of Nigerians.”

Speaking on the British government’s refusal to grant operation access to Heathrow Airport, Keyamo said the federal government agreed to operate the Gatwick Airport.

He said Air Peace or any interested local airline should be operating to Heathrow Airport and not Gatwick.

The minister said the Gatwick Airport is only a low-hanging fruit and a starting point.

Keyamo said he has been reviewing the bilateral air service agreement (BASA) between the United Kingdom (UK) and Nigeria and some decisions would be made after the exercise.

On March 30, 2024, Air Peace began direct flight operations from Lagos to Gatwick Airport in London.

Continue Reading

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

Most Read...