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Business

Air Peace Sacks 70 Pilots, Cuts Salaries By 40%

Posted on Author Edith Ibe

A Nigerian airline, Air Peace, has sacked over 70 pilots across its fleet.It also reduced staff salaries by up to 40 per cent. A member of the National Association of Aircraft Pilots and Engineers disclosed this to one of punch correspondents, craving anonymity. The source said the number of sacked pilots was between 70 and […]
Business

Heritage Bank Shuts Branch In Ikeja Over Suspected Coronavirus Case

Posted on Author Edith Ibe

Heritage Bank Plc said it has closed down an Experience Centre- EC (branch) at Allen Avenue; Ikeja over “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made available to the press and customers, noted “in line with our emergency response plan and […]
Business

Shoprite Announces Plan To Pull Out Of Nigeria

Posted on Author Edith Ibe

Africa’s biggest grocery retailer, Shoprite, is exiting Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria, it said in a trading statement for the 52 weeks to end June released on Monday. The retailer has […]

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