COVID-19: Arik Air Declares 300 Workers Redundant

The debilitating effects of COVID -19 impact on the air transport industry reared its ugly head on Friday forcing Arik Air to declare 300 workers redundant. The airline according to its Manager, Public Relations & Communications, Adebanji Ola took the decision to declare

We’ll Intensify Human Capital Development Drive – Buhari

By Bolaji Ogundele, Abuja President Muhammadu Buhari has reiterated his administration’s commitment to investing in Nigeria’s human resources, especially the youth and the most vulnerable and poorest citizens. Speaking at a Presidential parley with the participants of Senior Executive Course 42 of the

JUST IN: Reps Create Standing Committee For Host Community

The House of Representatives on Thursday created an additional standing Committee to take care of host communities in the Niger Delta in the spirit of the Petroleum Industry Bill currently being considered by the National Assembly. The Host Community standing Committee is one

North East Govs demand review of 2021 budget

Governors in the North East have expressed dismay that despite the challenges of development, especially the infrastructural deficit in the region, the 2021 proposed Federal Government budget makes provision for only N45.32bn capital projects in the sub-region. The proposal, they regretted, represent a

UK Moves To Borrow £394b To Increase Doctors’ Pay, Tackle Recession

The United Kingdom (UK) is set to borrow £394 billion to deal with the economic impact of the coronavirus pandemic. Its Chancellor of the Exchequer, the country’s national treasury, Rishi Sunak, stated this on Wednesday while presenting the 2020 spending review at the

Equities Sustain Recovery With N224b Gain

Taofik Salako Deputy Group Business Editor, The Nation NIGERIAN equities sustained a second day of consecutive rally as bargain-hunters opened up orders at higher prices to attract deals in several mid and large-cap stocks. The benchmark index at the Nigerian Stock Exchange (NSE)

Ex-Banker Jailed 17 Years For Fraud, To Refund N93m

The Kano State High Court has convicted a former banker, Rabiu Dawaki, of charges of conspiracy and criminal breach of trust. Justice Dije Aboki convicted Dawaki in her judgement on Monday and ordered him to restitute N93,232,500. Mr Wilson Uwujaren who is the

NACJ AWARDS: First Bank Emerges Integrity Bank of The Year

As the D-Day for the Nigerian Christian Association of Journalists (NACJ) for the highly rated INTEGRITY AWARDS draws closer, First Bank of Nigeria Plc will receive an institutional recognition as The INTEGRITY BANK OF THE YEAR. First Bank, which prides itself as one

International Flights: FG Lifts Ban On Lufthansa, Air France And KLM

The Lufthansa, Air France/KLM have been given the approval by the Federal Government to resume operations into Nigeria. This was announced by the Minister of Aviation, Hadi Sirika, in a tweet on Tuesday. The Minister in the tweet also hinted at the possible

Nigeria, 69 Other Countries Get $99b IMF Cash

The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to 70 emerging and developing economies to tackle COVID-19 pandemic. In an emailed report, the IMF said it advanced $29 billion under the Rapid Credit Facility and