AMCON’s bid to return Arik Air to founder fails twice over N240.3b debt

Fresh facts have emerged in the conflict of interest between the shareholders of Arik Air and the Asset Management Corporation of Nigeria (AMCON), with the latter showing evidence of failed attempts to return the airline to its founder. AMCON and Arik Air (in-receivership), which had been accused of barring the major shareholders from access to […]

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Naira slumps as CBN commences rates harmonisation, faces supply hurdle

• Local currency loses 61% to dollar at official market • Bank, parallel market rates converge at N755 • I & E window rate falls by 29 percent to N664 to dollar • Apex bank stops RT200 FX programme • Govt transactions to be executed using I&E window • Stakeholders describe decision as courageous • […]

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Ondo acting governor urges prayers for Akeredolu

Traces tension to next year’s governorship election Ondo State Acting Governor, Hon Lucky Aiyedatiwa, has called on the people and friends of the state to pray for the quick recovery of his principal, Oluwarotimi Akeredolu, who is currently on medical leave. Aiyedatiwa said in a statement that the governor’s health is of utmost importance to […]

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Ondo Assembly says Akeredolu on medical leave, confirms Aiyedatiwa as acting governor

Ondo State House of Assembly has confirmed the deputy governor, Hon. Lucky Orimisan Aiyedatiwa as the acting governor, stepping in for Governor Oluwarotimi Akeredolu who is on medical leave. It stated this on Tuesday after receiving a letter from Governor Akeredolu, notifying it about his going on medical leave for 21 working days to take […]

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FG to begin giving students loans in September

The Federal Government says it is working out modalities to begin students loan between September and October 2023. The Permanent Secretary, Federal Ministry of Education, David Adejo, disclosed this in Abuja on Wednesday while addressing newsmen on the bill signed by President Bola Tinubu. President Tinubu on Monday signed into law the Student Loan Bill […]

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Blood shortage bites harder with only 25% of transfusion demand met yearly

• Nigeria needs N90 billion yearly for self-sufficiency • Transfusion is capital intensive, costs N60,000 to ‘procure’ one unit of blood As Nigeria joins the rest of the globe to mark World Blood Donor Day (WBDD) today, June 14, very little has changed in terms of the supply shortage facing her over 200 million population. […]

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Fighting back, Trump targets Biden’s Justice Department

Former US President Donald Trump arrives to deliver remarks at Trump National Golf Club Bedminster in Bedminster, New Jersey, on June 13, 2023. – Trump appeared in court in Miami for an arraignment regarding 37 federal charges, including violations of the Espionage Act, making false statements, and conspiracy regarding his mishandling of classified material after […]

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How presidency’s last-minute intervention shaped National Assembly’s leadership election

• Akpabio: Beginning of a new era, says PANDEF • Open voting, a game changer on Abass’ election • Azaiki, Robinson, Nwosu, others hail Akpabio’s emergence The 63 against 45 votes recorded in Tuesday’s Senate presidential election showed how serious and intriguing the contest was. Issues of competence, religion, ethnicity, and even region came into […]

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Tinubu’s men lead 10th N’Assembly, vow ‘we won’t be ‘rubber stamp’

‘It’s time to get down to business,’ Tinubu tells Akpabio, Abbas U.S. hails Nigeria on inauguration of 10th National Assembly Senate will support govt’s good policies and programmes, says Akpabio Ohanaeze lists demands from ‘in-law’ Akpabio We’ll work in harmony with Tinubu but uphold principles of checks and balances – Abbas Abiodun, Eno congratulate Akpabio, […]

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We will give Nigerians the good governance they deserve – Abbas

Speaker of the 10th House of Representatives, Hon. Tajudeen Abbas, has promised that he and his colleagues will give Nigerians the good governance they deserve. He made the pledge on Wednesday in his acceptance and inaugural speech after his election as the Speaker of the 10th House of Representatives. He said that with him in […]

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