Business
‘Surge in drug trafficking, fraud’ — Seychelles speaks on banning Nigerian tourists
The government of Seychelles has explained why it is banning Nigerian passport holders who want to visit the country for holiday purposes.
Prior to the ban, Nigeria enjoyed a long-standing visa-free agreement with Seychelles, allowing citizens to enter the country without a visa for up to 30 days.
According to Seychelles News Agency, Ahmed Afif, the country’s vice-president, said the ban is because of an increase in drug trafficking and fraudulent activities by Nigerians.
He, however, said Nigerians with diplomatic passports, valid work or resident permits issued by the island nation, will be allowed to visit.
“For the others, the government will keep its eyes open and SEBS (Seychelles Electronic Border System) will analyse much more to find out what reasons they are coming,” he was quoted as saying.
“Example, someone who is coming for a holiday for only one day. We have to ask questions because it is strange and we have seen that happening.”
He said there were several instances where many Nigerians said they were coming for holidays, but only for one or two days.
“When we checked the payments made for them to come to Seychelles, it is from only one source. This is for different people coming on different days which shows an organised syndicate,” he said.
He explained that in the past year, especially the past few months, the government had observed “a tendency that we have deemed as dangerous for our border control and economy, due to criminal activities happening in the country”.
“We have seen a clear link between this with certain people from Nigeria,” he said.
“In the past two weeks, for example, 13 people coming from Nigeria have been arrested when entering Seychelles because they were carrying drugs into the country.”
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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