Hundreds of air passengers were Monday stranded at the international and local wings of the Murtala Muhammed Airport in Lagos as staff of the Nigerian Aviation Handling Company Plc (NAHCO) embarked on strike over salary increment. The NAHCO workers were said to have walked out of the international airport in the early hours of Monday, leading to the cancellation and delay of several flights scheduled for the day, according to passengers affected by the development. Several reports indicated that as of Monday afternoon, the strike was still in force. In a statement, Air Peace, a private carrier, stated that due…
Author: Elvis Eromosele
……..Moyin Osho (Undergraduate) and Olaniran Oyelowo (Postgraduate) emerge Most Outstanding Students Africa’s Best Private University in Research and Entrepreneurship Development held her 12th Convocation from January 19th to 21st, 2023, at the Imota Campus Multipurpose Hall. According to the University’s Information, Media and Publication Specialist, Mr Olawale Adekoya, the three-day ceremony which has been restructured to hold during the Founder’s Week witnessed the conferment of Undergraduate and Postgraduate Degrees; Diplomas and Honorary Degrees. In his speech, the Vice Chancellor, Prof. Nosa-Owens Ibie, urged the current Undergraduate Students to make use of their time in the school, and should not be…
The Nigerian Economic Summit Group (NESG) has projected that the country’s unemployment rate will hit 37 per cent in 2023. The group in its 2023 Macroeconomic Outlook report titled “Nigeria in Transition: Recipes for Shared Prosperity,” said the country’s poverty headcount will also rise to 45 per cent. According to the report, due to weak performance in the job-elastic sectors, and low labour absorption of sectors that will drive growth, the nation’s population growth estimated at 3.2 per cent will lead to a decline in real per capita income. The report noted that the country’s GDP growth is also expected…
The African Development Bank (AfDB) said the 2023 economic outlook of the continent appears “stable” even as it called for “bold policy actions” to reverse the impacts of rising inflation and subdued growth. In its 2023 Africa’s Macroeconomic Performance and Outlook released Thursday in an event monitored virtually, the regional bank reviewed growth prospects of African countries on a case-by-case basis even as the average growth slowed from 4.8 to 3.8 per cent at the close of last year. The growth is expected to scale up to four per cent this year and slows to 3.9 per cent through 2024.…
FATE Foundation has announced that it has received a 1M USD grant from Google.org to improve the financial and digital capacity of Micro-women entrepreneurs in Nigeria, Kenya, and South Africa while supporting them with micro-grant financing. This announcement follows the $1m commitment in charitable funding made by Google.org during the 2022 International Women’s Day to support programs helping women entrepreneurs to grow their businesses. “Through this initiative, women entrepreneurs with nano and micro-enterprises in these three African countries will receive the relevant training and resources to help grow their businesses” says Tamilore Oni, Program Manager, Google.org, EMEA. “ FATE Foundation aims…
The Federal Government on Thursday in Abuja, performed a ground-breaking ceremony to construct 116 two bedrooms semi-detached bungalows at Gwagwalada axis for public servants. The initiative, under the Federal Integrated Staff Housing (FISH) programme, was designed in 2015 to provide affordable housing for civil servants. Speaking at the event, Dr Folasade Yemi-Esan, Head of the Civil Service of the Federation (HOCSF) recalled that the FISH programme was conceptualised as a vehicle to address housing scarcity faced by civil servants in the country. “A good number of us will recall that the FISH programme was conceptualised to address housing deficits civil…
The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest 1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the approval at its meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. Laolu Akande, Osinbajo’s spokesman, briefed State House correspondents on behalf of the Minister of Works and Housing. “The Federal Executive Council approved the recommendation to invest in the reconstruction of selected federal roads under the Federal Government Road Infrastructure Development and Refurbishment Investment Tax Credit…
NIGERIA accounts for 89 per cent of Christians martyred worldwide, according to the latest report on global Christian persecution. The Open Doors World Watch List 2023, released on Tuesday, January 17, said out of the total of 5,621 Christians killed for their faith during the reporting period, Nigeria recorded 5,014, marking the country as one of the most dangerous places “to follow Jesus”. The report tracked the period from October 1, 2021 to September 30, 2022. Open Doors said the data was compiled from grassroots reports by more than 4,000 of its workers across over 60 countries. Urging the United…
Nigeria occasionally borrows money to pay for the importation of Premium Motor Spirit (PMS) also known as petrol as a result of the rising costs of subsidy on the product, the country’s finance and budget minister has revealed. Zainab Ahmed, who spoke with Arise TV in Davos at the venue of the ongoing World Economic Forum (WEF) said the country’s foreign exchange reserves were strong enough to withstand any shocks despite acknowledging that there was a chance of a global economic recession this year. Ahmed reiterated his commitment to ending the fuel subsidy regime but added that the current administration…
Nigeria said that despite spending over $1 billion since 2015 to reclaim Boko Haram-held territories in Borno, Adamawa, and Yobe States, the country and the Lake Chad Basin’s security remains unstable due to lingering conflicts in Libya, the Central African Republic, and Russia’s aggression in Ukraine. According to President Muhammadu Buhari, while the country is winning the war against insurgency, the crisis around Nigeria and the Lake Chad basin remains precarious. Buhari spoke shortly after receiving the Abu Dhabi Peace Forum’s “Award for Strengthening Peace in Africa” in Nouakchott, the Mauritanian capital. “Although we are winning the war, however, as…