Foreign exchange scarcity cripples local airlines, spikes airfares

‘Airlines should interline, codeshare to survive’ Foreign exchange liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares. It was learnt yesterday that operators in the aviation sector have not received foreign exchange requests from the Central Bank since February, which explains why […]

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Gunmen kill three policemen at checkpoint in Ebonyi State

Ebonyi State Police Command, yesterday, confirmed the killing of three of its officers attached to the Safer Highway patrol team by unknown gunmen. It said they were shot dead while on duty at Nwaezenyi Junction in Izzi Council of the state. The police public relations officer, DSP Loveth Odah, explained that the assailants, who were […]

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Stop playing the ostrich, Obaseki fires back at FG

says Nigeria must end monetary rascality to save economy Finance minister, CBN’s position contradictory, experts point out Edo State Governor, Godwin Obaseki, yesterday, urged the Minister of Finance, Budget and National Planning, Zainab Ahmed, to rally Nigerians to save the tumbling economy, rather than playing the ostrich. This was the governor’s counter-reaction to the denial […]

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More worries over rising inflation amid static household incomes

Surging food prices push inflation to 18.17%, highest in four years Households consumption expenditure drops as govt expenditure rises Insecurity aggravates food inflation as expert demands local substitution Nigerians have been struggling with some unpleasant news lately, especially from the National Bureau of Statistics. Many were however not jolted by the NBS latest reports, which […]

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Sanwo-Olu inaugurates rail ‘red’ line project

Lagos Governor Babajide Sanwo-Olu has inaugurated the rail mass transit scheme, also known as the Red Line, in Ikeja. Cheques were also presented to persons whose properties were affected by the project. He said about 263 property owners and tenants were compensated. The 37km standard gauge line, with 12 proposed stations, would share tracks with […]

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APC fires back over Twitter, says PDP not better option

The ruling All Progressives Congress (APC) has said the opposition Peoples Democratic Party (PDP) lacks the credentials to be considered as a governance option. Reacting to PDP statement that APC led administration “misrule” was responsible for Twitter’s decision to cite its African operations in Ghana, Secretary of the Caretaker Extra-Ordinary Convention Planning Committee (CECPC) of […]

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New Police IG bans IGP unit from criminal investigations, disbands others

The Acting Inspector-General of Police (IGP) Usman Baba on Thursday ordered immediate disbandment of the IGP Monitoring Units in Lagos and Port Harcourt. Baba gave the order in Abuja at the opening of a conference of Police Strategic Commanders, consisting of officers with the rank of Commissioner of Police (CP) and above. He also ordered […]

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FG lifts ban on new SIMs registration

The Federal Government has lifted the ban on new Subscribers Identification Module (SIMs) card registration. The effective date for implementation, the government said, is Monday, April 19, 2021. It however placed NIN registration as mandatory for registering new SIM cards. The latest development was contained in revised National Digital Identity Policy for SIM Card Registration […]

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Buhari returns after UK medical check-up

President Muhammadu Buhari has returned to Abuja after successful medical check-up in the United Kingdom. The presidential aircraft conveying the President and some aides landed at the Presidential Wing of the Nnamdi Azikiwe International Airport Abuja at about 4.45 p.m. Those at the airport to welcome him included the Chief of Staff to the President, […]

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