AMCON seeks private investors for Arik Air

AMCON seeks private investors for Arik Air

The Asset Management Corporation of Nigeria (AMCON) is shopping for investors for troubled carrier Arik Air. AMCON told the Senate Committee on Banking, Insurance and other Financial Institutions that Nigeria’s biggest airline More »

Labour confident  of minimum wage review

Labour confident of minimum wage review

Labour yesterday expressed optimism of a minimum wage raise by the government. Nigeria Labour Congress (NLC) President Ayuba Wabba said the Federal Government and the organised Labour movement had reached a consensus More »

Fed Govt sets up panel to bring down food prices

Fed Govt sets up panel to bring down food prices

The Federal Executive Council (FEC) yesterday set up a committee, which will suggest ways of reducing food prices. The committee is expected to submit a report to the Council next Wednesday.  Minister More »

Fire razes flats at Balogun Market

Fire razes flats at Balogun Market

Property worth millions of naira were destroyed Wednesday following a fire outbreak at a building at popular Lagos fabrics market, Balogun Market, on Balogun Street, Lagos Island. The fire, which began at More »

Polytechnic lecturers begin five day warning strike today

Polytechnic lecturers begin five day warning strike today

The Academic Staff Union of Polytechnics (ASUP) will today begin a one-week warning strike to protest  the government’s refusal to honour its agreement with the union and fund the polytechnic sector. ASUP More »


Presidency: Osinbajo is executing Buhari’s policies

‘Opposition trying to cause division between President and his vice’ The Presidency  yesterday described those hailing Acting President Yemi Osinbajo and criticising President Muhammadu Buhari as enemies of the government who are trying to create division between the two topmost state officials. President Buhari has been on vacation in the

Naira gains more as CBN pumps in $180m

In less than one week, the naira has gained over N85 against the dollar – thanks to the increased liquidity in the foreign exchange market. The currency exchanged for N430 to the greenback yesterday at the parallel market. It was N460 to the dollar at the weekend. The Central Bank

PDP crisis: Makarfi warns of breakdown of law and order

The blame game continued yesterday in the troubled Peoples Democratic Party (PDP). A faction of the main opposition blamed the reopening of its national secretariat for Chairman Ali Modu Sheriff on the police, which it accused of taking sides. Besides, the party accused the ruling All Progressives Congress (APC) of

Customs seizes 9000 bags of rice in Ibadan

•Agency generates N14.8b in 2016 In another dramatic raid, the Nigeria Customs Service (NCS), Oyo/Osun Command, has seized 9,000 bags of imported rice in a warehouse in a market in Ibadan, the Oyo State capital. The Controller, Temitope Ogunkua, who vowed to stop illegal importation of goods, spoke yesterday at

South Africa attacks on Nigerians, others continue

The attacks on Nigerians and other foreigners in South Africa have continued. The Nigerian community in South Africa said yesterday that another shop belonging to a Nigerian was looted in the latest xenophobic attack at Jeppestown,Johannesburg. The South African Police said no fewer than 100 people ransacked shops in Johannesburg overnight, in the

Big question as Naira gets more muscle

•Will CBN sustain the gains?   It has been cheery news for the naira in the last one week. For the first time in three years, the local currency regained over 16 per cent of its value against the dollar. It yesterday appreciated to N430/$ from N520/$ at the parallel

Speakers seek speedy constitutional amendment

Chairman, Conference of State House of Assembly Speakers, Abdul Mumuni Kamba, has urged the National Assembly to hasten the constitutional amendment process. Kamba made this appeal at a news conference in Abuja, yesterday. He noted that the association prayed for President Muhammadu Buhari’s quick recovery and urged Nigerians to do

Gemade, others pay homage to Tor Tiv

Senator Barnabas Gemade yesterday led leaders of Benue North East to pay home to the New Tor Tiv, Prof James Ayatse, in his Makurdi, Benue State residence. Prof Ayatse’s coronation is scheduled for Saturday in Gboko. Gemade said they were in the palace to pledge their loyalty ahead of Saturday’s

Court dismisses suit on Falake’s nomination

The Federal High Court in Lagos has dismissed a suit by the Peoples Democratic Party (PDP) and its member, Mutiu Okunola, challenging Mr. James Faleke’s nomination as the All Progressives Congress (APC) Deputy Governorship candidate in Kogi State. The suit is on the ground that Faleke’s nomination constitutes double nomination

Ansar-Ud-Deen holds seminar for principal officers

Ansar-Ud-Deen Society of Nigeria (ADS) has held a seminar for its principal officers. At the two-day event held at ADS Mosque in Isolo, Lagos, a guest speaker, Prof. Tajudeen Gbadamosi, urged clerics to leverage on the resources of Information Technology (IT) to deepen the propagation of Islam. He said conversance

Buhari honest, incorruptible leader, says Shagari

Former President Shehu Shagari has urged Nigerians and the international community to support President Muhammadu Buhari and his administration, saying he was an honest, incorruptible and detribalised leader. Shagari, who clocked 92 on Saturday, said that the president was doggedly fighting corruption to sanitise governance in the country and therefore,

Ogidigben gas project activated under Buhari – Presidency

With the renewed interactive engagements of the Federal Government with oil-producing communities in several states in the Niger Delta region, the Presidency on Monday said that there is now a process to put in place a gas industrial park valued at about $20 billion through a Public-Private Partnership model. A statement by

Labour to FG: Recall Nigeria’s envoy to South Africa now

The Trade Union Congress of Nigeria (TUC) Monday asked the federal government to immediately recall Nigeria’s High Commissioner to South African in protest against the continued killing of Nigerians by what they described as individuals and the silence of the South African government over the matter. In a statement signed

Ooni of Ife to host corporate gathering in London

His Imperial Majesty, Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, will host a massive gathering of corporate personalities in London, United … His Imperial Majesty, Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, will host a massive gathering of corporate personalities in London, United Kingdom in March.

Plane suffers burst tyre at Lagos airport

A flight by Air Peace B737 aircraft was aborted on Monday morning after the plane with number 4P7198 suffered bust tyre at the Murtala Muhammed Airport, Lagos. The aircraft was departing for Abuja at 10: 40 a.m. when the incident happened. A source onboard the plane said the aircraft was

Game of Throne star, Neil Fingleton dies at 36

Neil Fingleton, who played Mag Mar Tun Doh Weg, aka Mag the Mighty, a colossal warrior on the acclaimed TV series, Game of Thrones, died from heart failure last Saturday. He was 36. Fingleton was the U.K.’s tallest man at seven feet, seven inches in height. In addition to GOT,

FG appoints new directors for NCAA

The Federal Government on Monday approved the appointment of five new directors and one General Manager for the Nigerian Civil Aviation Authority (NCAA). They are – Group Captain Edem Oyo-Ita  (Director of Air Transport Regulations), Ahmed Abbas Sanusi  (Director of Human Resources and Administration), Bilikisu Adamu Sani (Director of Finance

Ihedioha kicks against recognising Sheriff as PDP Chairman

Former Deputy Speaker of the  House of Representatives, Mr Emeka Ihedioha, has kicked against recognising Alhaji Ali Modu Sheriff as the Peoples Democratic Party (PDP) National Chairman. Ihedioha told the News Agency of Nigeria (NAN) in Port Harcourt on Monday that Sheriff by his conduct had failed to show an attitude worthy

Gaidam inspects renovated school

Yobe State Governor Ibrahim Gaidam has said activities of Boko Haram insurgents will not stop him from changing the face of education in the state. Gaidam, who was on an inspection tour of renovated secondary schools at Guyio Kura in Bade Local Government, said he is focused on bringing back

UK okays Diezani’s trial for ‘money laundering’

Four others to face prosecution in June   EFCC takes more proof to London All is set for the trial of a former Minister of Petroleum Resources Mrs. Diezani Alison-Madueke, and four others  in London for alleged corrupt practices. The trial has been fixed for June and more evidence were