Business
Emirates Offers Fly Better Tips To Passengers This Summer
Emirates Airlines says it’s expecting more than 80,000 passengers to depart Dubai on busy days this year’s summer holidays.
Accordingly, the Airlines is urging its existing and prospective passengers to adhere to its Fly Better tips to plan their travel journey this June and July.
In a statement, Emirates said that it expects departure numbers to increase significantly just before Eid al Adha on 24 June, and again on the 1 July as many families set off on summer holidays.
Fly Better Tips:
▪︎Emirates advises passengers to arrive at the airport up to three hours before a flight, take note of their boarding time to ensure they reach the departure gate on time, and take advantage of multiple check-in and baggage drop options to reduce time at the airport.
▪︎checking in and getting their digital boarding pass in advance, dropping luggage off beforehand , thereby avoiding airport queues and generally enjoying the world-class airport experience
▪︎ Passengers are encouraged to download the Emirates app on their mobile phone and are reminded that when departing from Dubai, boarding passes are now issued in digital format on the app, or by email when passengers check in online via Emirates.com. Both options allow customers to book and change flights, download a digital boarding pass for most destinations
▪︎Check what meals will be served onboard, book a chauffeur drive service and even pre-select and plan movies to watch via ice inflight entertainment. Online check in and app check in are both open 48 hours ahead of flight departure time.
▪︎To save time, Emirates passengers can drop off luggage at the airport the night before travel at no charge. Passengers who are departing from Dubai can check-in early and drop off their bags 24 hours before departure, or 12 hours before departure if flying to the US or Tel Aviv. Then closer to departure time, they can arrive at the airport and proceed directly to immigration.
▪︎For a slick start to summer travels, passengers can try the brand-new City Check‑in and Travel Store in ICD Brookfield Place, Dubai International Financial Centre (DIFC). Conveniently check in, drop luggage and enjoy the glamorous surroundings, as early as 24 hours and up to 4 hours before a flight. Customers can visit the space and check in anytime from 8:00am to 10:00pm daily, beginning their travel experience with seamless service via self check in kiosks and at dedicated desks with Emirates agents.
▪︎Those starting their journeys from Ajman can also take advantage of a 24‑hour City Check‑in at Ajman Central Bus Terminal. Passengers can check in up to 4 hours before the flight departs, check in baggage, and collect boarding passes, buy a bus ticket for AED 20 and head directly to Emirates Terminal 3, with regular bus departures throughout the day from 4am to 11.30pm. Upon arrival at the airport, travellers can simply continue through to their flight.
▪︎Passengers can also opt to check in at home in Dubai and Sharjah. DUBZ agents complete the check-in process in the customer’s home, hotel, or office, and take the bags to the flight while customers are free to breeze through the airport later. Passengers can book at least 24 hours before a flight and proceed to the airport check-in up to six hours before the flight departs. The Home Check In service is complimentary for First Class passengers.
▪︎Passengers can choose to use Emirates’ self-check-in kiosks at the airport if they haven’t already checked in online. It’s possible to view the travel itinerary, choose a preferred seat and add Emirates Skywards numbers, and use the baggage drop area to check-in bags.
People of Determination can access dedicated support from trained Emirates and airport staff when travelling over the summer period. This includes a pre-planning guide for Dubai International Airport (DXB) for those with hidden disabilities, 2 hours complimentary parking at the airport and access to a dedicated priority lane for check-in, passport control, security and priority boarding if required. Passengers can check the Accessible Travel page on Emirates.com for information and contact their Emirates local office with queries.
▪︎Passengers who wish to save even more time can pre-order Duty-Free Shopping on EmiratesRED.com and get access to exclusive Duty-Free products, which are then delivered to their seat in the air. ▪︎ With over 70 new products this summer, Emirates Red gives passengers the chance to purchase luxury products from Tom Ford, Jo Malone, La Mer and Dolce & Gabbana and many more. The pre-order service is available on most flights, and passengers can shop from 21 days up to 40 hours before their flight. Passengers need to provide their flight details during checkout, and the orders are delivered by cabin crew directly to the passenger’s seat inflight.
Business
NAICOM Revokes Nigeria Reinsurance’s Licence, Freezes Operations Over Capital Shortfall
Banire directed banks, financial institutions, policyholders and members of the public not to honour any instruction relating to the company except those issued by him or persons expressly authorised by him.
The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation for failing to meet the statutory Minimum Capital Requirement (MCR) and appointed Senior Advocate of Nigeria, Dr. Muiz Banire, SAN, as Receiver/Provisional Liquidator to wind up the company’s affairs.
The appointment took effect on August 3, 2026, following the cancellation of the company’s certificate of registration by the insurance regulator.
In a public notice dated August 4, 2026, Banire said NAICOM appointed him, in exercise of its statutory powers, to oversee the receivership and liquidation of Nigeria Reinsurance Corporation (RR-002).
In the notice, the company’s licence was revoked after it failed to comply with the prescribed Minimum Capital Requirement applicable to its category of licence within the stipulated compliance period, in accordance with the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and other extant laws, regulations and guidelines.
Banire said his appointment authorises him to immediately trace, recover, secure and take possession of the company’s assets, collate and settle its liabilities in line with the NIIRA 2025, liaise with NAICOM on matters relating to the liquidation, and submit periodic reports to the Commission.
Banire directed banks, financial institutions, policyholders and members of the public not to honour any instruction relating to the company except those issued by him or persons expressly authorised by him.
Source: ThisDay
Business
NDIC begins paying depositors of 46 closed microfinance banks
NDIC Managing Director and Chief Executive Oludare Sunday confirmed the development at a retreat for members of the House of Representatives Committee on Insurance and Actuarial Matters in Lagos on Wednesday.
The Nigeria Deposit Insurance Corporation (NDIC) has started reimbursing depositors affected by the closure of 46 microfinance banks nationwide.
NDIC Managing Director and Chief Executive Oludare Sunday confirmed the development at a retreat for members of the House of Representatives Committee on Insurance and Actuarial Matters in Lagos on Wednesday.
” Payments are ongoing, and over 700,000 Heritage Bank customers have already received their insured funds through BVN-linked accounts.
“We have started paying depositors of those banks, and gradually we intend to cover all the insured depositors,” he said,” he said.
Following the revocation of the 46 MFB operating licences, the CBN subsequently appointed the NDIC as provisional liquidator of the failed financial institutions.
Business
Naira Exchange Rates Thursday, August 5
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,420 Sell ₦1,425
GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,915
EURO (EUR) Buy ₦1,585 Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370
CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
Commercial Bank Exchange Rates
Access Bank
Currency Sell
USD / NGN ₦1378.00
Fidelity Bank
Currency Sell
USD / NGN ₦1370.00
GBP / NGN ₦1869.78
EUR / NGN ₦1604.54
Sterling Bank
Currency Buy Sell
USD / NGN ₦1350.00 ₦1385.00
GBP / NGN ₦1795.89 ₦1884.00
EUR / NGN ₦1536.93 ₦1618.33
ZAR / NGN ₦82.34 ₦86.99
Official CBN Exchange Rates
US DOLLAR (USD) ₦1,363.85
GREAT BRITISH POUND (GBP) ₦1,837.38
EURO (EUR) ₦1,575.25
SWISS FRANC (CHF) ₦1,686.26
JAPANESE YEN (JPN) ₦8.65
CHINESE YUAN (CNY) ₦202.05
WEST AFRICAN CFA (XOF) ₦2. 39
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859.53
SAUDI RIYAL (SAR) ₦363.12
SOUTH AFRICAN RAND (ZAR) ₦83.35
