Homenews

  • Again, ASUU extends strike by four weeks

    • August 1, 2022
    • Posted by: admin
    • Category: Education, Latest News
    No Comments

    The National Executive Council of the Academic Staff Union of Universities (ASUU) has reportedly announced a four-week extension of the ongoing strike in public Universities. A statement made available to newsmen in Abuja partly confirmed this development. It partly reads, “Following extensive deliberations and taking cognisance of Government’s past failures to abide by its own

    read more

  • Local aviation risks collapse as only 38 of 90 airplanes are active

    • August 1, 2022
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation, Tourism
    No Comments

    Beyond the withdrawal of services by two scheduled carriers, the entire local aviation sector may be in for a shutdown of operations over steady loss of fleet capacity that has made schedule reliability near impossible. Findings by The Guardian showed that the eight active airlines are operating a cumulative 38.77 per cent fleet capacity, with

    read more

  • Emirates Flights To Nigeria Now 7 Times Weekly Due to $85m Trapped Revenue

    • July 30, 2022
    • Posted by: admin
    • Category: Digital Economy, Latest News, Marine & Aviation, Tourism
    No Comments

    Emirates Airlines has reportedly announced that it would reduce its flights to Nigeria from August 15 2022 due to its failure to repatriate its revenue earned from ticket sales in Nigeria. The airline said it would be forced to reduce flights from Dubai to Lagos from 11 times per week to seven times per week,

    read more

  • Domestic Airlines Increase Airfares.

    • July 30, 2022
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News, Marine & Aviation, Tourism
    No Comments

    Nigeria airlines have increased fares for domestic flights to at least N80,000 depending on the trip over the rising cost of aviation fuel and foreign exchange (FX) crisis. Checks by TheCable on Friday showed that Azman Air flight from Lagos to Kano/Kaduna increased from about N60,000 to N100,000. Air Peace also increased fares to N80,000 for flights

    read more

  • FG set To Lease Three Aircraft To Commence Flight Operations

    • July 27, 2022
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation, Tourism
    No Comments

    The hope for a new national carrier, Nigeria Air, brightens on Wednesday as the Federal Government approved the leasing of three aircraft. The three aircraft are made by Airbus and Boeing. Minister of Aviation, Senator Hadi Sirika, made the disclosure while briefing journalists after the Federal Executive Council (FEC). The FEC meeting was chaired by

    read more

  • Interest rates: Five key questions facing the European Central Bank as it plans first increase in 11 years

    • July 20, 2022
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News
    No Comments

    The European Central Bank is reportedly set to deliver its first interest rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken. That outlook is getting murkier by the day because inflation is still accelerating and growth slowing sharply. “The

    read more

  • CBN Raises Interest Rate To 14%, Second Time In 2022

    • July 19, 2022
    • Posted by: admin
    • Category: Digital Economy, Economy, Latest News
    No Comments

    For the second time this year, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has once again raised the benchmark interest rate to 14 per cent from 13 per cent to curtail the rising inflation..In June, Nigeria’s inflation rate reached a five-year high at 18.60 percent. The monetary policy rate (MPR)

    read more

  • Aero Contractors to Suspend Operations July 20

    • July 19, 2022
    • Posted by: admin
    • Category: Economy, Latest News, Marine & Aviation, Tourism
    No Comments

    One of the leading airline operators in Nigeria, Aero Contractors, had reportedly announced the indefinite suspension of its operations, citing the rising cost of maintenance, inflation and foreign exchange (FX) scarcity, amongst others as the reason for its action. In a statement issued on Monday, the company, which is the oldest airline in the country,

    read more

  • AIO Named Kenya’s Dr Ben Kajwang As President, Released Dates For 26th African Reinsurance Forum

    • July 19, 2022
    • Posted by: admin
    • Category: Economy, Insurance & Pensions, Latest News, Marine & Aviation, Tourism
    No Comments

    Dr Ben Kajwang, Director at the College of Insurance had recently been namedthe President of the African Insurance Organisation (AIO) at the just concluded 48th AIO Conference and Annual General Assembly held at theEdge Convention Centre in Nairobi. Dr Kajwang is the immediate past Vice President, and he took overfrom Mr Tope Smart, the Group

    read more

  • FEC approves projects to improve power supply in Nigeria

    • June 30, 2022
    • Posted by: admin
    • Category: Economy, Energy, Latest News
    No Comments

    The Federal Executive Council (FEC) has approved projects to shore up power supply across the country. Minister of Power, Abubakar Aliyu, announced this after the Federal Executive Council (FEC) meeting, presided by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. Mr Aliyu said the projects were aimed at strengthening the capacity of

    read more