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Aviation minister , Hadi Sikira has announc yeezy mx ed Ethiopian airlines as core investor in proposed national carrier Nigeria Air with a 49% stake.This follows the Ethiopian national carrier emergence as the preferred bidder fol stanley borraccia lowing an invitation to bid for the ownership of Nigeria Air which was published in March.The aviation ministry says it received a closed bid from the Ethiopian Airline Consortium in June, while other interested bidders failed to meet the deadline for bid submission.Stakes in the National carrier include an owner consortium of 3 Nigerian investors MRS, SAHCO and the Nigerian Sovereign Fund with a 46% stake, the federal government 5% and Ethiopian airlines 49%.The minister says the consortium has been subject to a due diligence process, after which the contract will be negotiated between the consortium and government, leading to a Full Business Case to be approved by the Federal Executive Council. ADVERTISEMENT stanley cup The process is expected to take between six to eight weeks.The minister says the National Carrier, is soon to be being launched with three Boeing 737-800 aircrafts, which are suitable for the Nigerian market.The launch will take effect with flight services between Abuja and Lagos to establish affordable travel between the two major Airports. Other domestic destinations are to follow thereafter. Tptt Shopper, drinker and diner numbers recover as UK retailers and hospitality firms reopen

Tuesday 06 April 2021 12:01 am|Updated:Monday 05 April 2021 3:14 pmUK launches pound;75bn Covid Recovery Loan SchemeBy: Stefan BosciaShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBusinesses will from today be able to apply for new government-backed Covid-19 recovery loans through a pound;75bn scheme.The new loan programme will see businesses able to a yeti ca pply for loans of between pound;25,001 and pound;10m, with the government taking on 80 per cent of the default risk of each loan.The new loan scheme, announced by Rishi Sunak in his Budget last month, comes as England is set to reopen large parts of its economy on 12 April.Non-essential retail, gyms, hairdressers and outdoor hospitality will all be allowed to reopen next Monday.Outdoor hospitality, theatres, cinemas and museums will be allowed to reopen on 17 May. As we safely reopen parts of our economy, our new Recovery Loan Scheme will ensure that businesses continue to have access to the finance they need as we move out of this crisis, Sunak said.The loan scheme comes alongside new pound;18,000 grant stanley cup s for businesses affected by the latest national lockdown.Rain Newton-Smith, chief economist at the CBI, said: Itrsquo vital support remains as r yeezy website estrictions relax and demand returns to normal, allowing businesses to recover, save jobs, and support for reopening.Read moreHelp to b