Aviation loses $3.5b over poor infrastructure, high operating cost

Operational challenges in the air transport sector in Nigeria and other African countries have been blamed for the loss of $3.5 billion of potential revenue in three years. The International Air Transport Association (IATA), at a special session on the African continent, said the losses were incurred between 2020 and 2022, especially due to infrastructure […]

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Seven young Nigerians listed in Forbes Africa’s ’30 Under 30

Grammy award winner, Tems (Temilade Openiyi); singer, Ayra Starr (Oyinkansola Aderibigbe); Hansel and Germain Ndu-Okeke, Blessing Abeng, and two other Nigerians are among the young Nigerian leaders named in Forbes Africa’s ’30 Under 30′ of the year 2023. Forbes Africa’s 30 Under 30 recognizes the brightest visionaries, risk-takers, change-makers, and pioneers to take their place […]

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Fresh autopsy: Coroner grants Chrisland School’s request to access samples obtained from late student

The Coroner inquest set up to investigate the circumstances surrounding the death of Whitney Adeniran, a 12-year-old student of Chrisland School, Lagos, has granted the school’s request to access samples obtained from the deceased for an independent autopsy. The Magistrate, Olabisi Fajana, gave the permission on Tuesday when she ruled on the application when sitting […]

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Obasanjo writes British court, seeks leniency for Ekweremadu

Ex-President Olusegun Obasanjo has appealed to the British court that convicted former Nigerian Senate President, Ike Ekweremadu, and his wife, Beatrice, for organ harvesting to temper justice with mercy. Ekweremadu and his wife were arrested last year in the United Kingdom for allegedly trafficking a young Nigerian man into the country with the purpose of […]

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Naira redesign: Urgent need for a post-mortem – Part 2

This paper had warned that the bold plan by the CBN to redesign and issue new naira notes from mid-December was wrongheaded and ill-timed. The CBN, in presenting the new currency plan, had leveraged the unease with substantial currency holdings outside of the banking sector and the purportedly detrimental effect on the effectiveness of monetary […]

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FG approves N320b for public universities, polytechnics, colleges of education

President Muhammadu Buhari has approved N320,345,040, 835, as the 2023 Tertiary Education Trust Fund (TETFund) intervention fund for public tertiary education institutions in the country, notably, Universities, Polytechnics, and Colleges of Education. The money was expectedly realized from the statutory 2.5 percent education tax and, perhaps, other windows of financial interventions. A breakdown of the […]

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Oyo appoints Rivers monarch as LAUTECH Chancellor

Oyo State Executive Council has announced the appointment of HRM Ohna Sergeant Chidi Awuse, Paramount Ruler of Emuoha Kingdom, as the Chancellor of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso. Commissioner for Information, Culture, and Tourism, Dr. Wasiu Olatubosun, announced this in a statement on Wednesday. He said the decision was reached during the […]

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I did not say INEC “deliberately withheld uploading” election results – Lai Mohammed By NAN

Minister of Information and Culture, Alhaji Lai Mohammed says, “It is irresponsible and reckless” the online report credited to him that INEC deliberately withheld the real-time upload of presidential election results from polling units. He clarified on Wednesday in Washington DC, while reacting to the report published on some online platforms. He said the report […]

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Nigeria’s capital inflow buckles under rising risks, monetary tightening

Bureau de change. Credit: QZ •Falls by 20 per cent last year •Oil, gas receives only 0.21 per cent The aggressive global monetary tightening and rising political cum business risk are taking their toll on the country’s investment market as capital importation contracted last year by 20 percent. The figure, according to data released by […]

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