UAE Gives 6 Slots to Air Peace in Dubai, Sharjah Airports

Aviation-AirportsBusinessUAE Gives 6 Slots to Air Peace in Dubai, Sharjah Airports

Beloved John (Staff Writer)December 15, 2021

ABUJA — The United Arab Emirates (UAE) has allocated six slots to Air Peace, both at the Dubai and Sharjah airports. The development was announced by James Odaudu, director, public affairs, ministry of aviation on Tuesday. According to him, the move was part of the resolution to the diplomatic row between the two nations. He noted that the UAE aviation authorities allocated six slots to the Nigerian carrier as part of the diplomatic resolution. “It...

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President Buhari Send Management of Abuja Electricity Distribution Company Packing

BusinessPowerPresident Buhari Send Management of Abuja Electricity Distribution Company Packing

Hassan Umar Shallpella (Regional Correspondent)December 8, 2021

ABUJA — President Muhammadu Buhari has approved the sack of the management of the Abuja Electricity Distribution Company (AEDC). Minister of State for Power, Goddy Agba announced this in a statement on Tuesday, saying the president also approved a new interim governing board to oversee the day-to-day operations of the company. According to Ofem Uket, spokesman of the Minister, his action follows the industrial action by the Nigerian Union of Electricity Employees (NUEE) workers to...

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NCC Approves Bids From MTN, Airtel for 5G Spectrum Auction

BusinessTelecommunicationNCC Approves Bids From MTN, Airtel for 5G Spectrum Auction

Beloved John (Staff Writer)December 3, 2021

ABUJA — The Nigerian Communications Commission (NCC) has declared MTN Nigeria Plc, Mafab Communications Limited, and Airtel Networks Limited, the approved bidders of the forthcoming 3.5 gigahertz (GHz) spectrum auction. The spectrum auction is for the deployment of the fifth-generation (5G) networks. Ikechukwu Adinde, NCC’s director of public affairs, said this in a statement issued on Thursday. According to the commission, the qualified bidders met the criteria for participation in the licensing process of the...

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Twitter CEO, Jack Dorsey, Steps Down After 16 Years

BusinessTwitter CEO, Jack Dorsey, Steps Down After 16 Years

Bada Yusuf Amoo (Correspondent)November 30, 2021

The Chief Executive Officer of microblogging platform Twitter, Jack Dorsey, has resigned. He announced his resignation on Monday, after 16 years of co-founding the social media company. “I resigned from Twitter,” he wrote and posted a screenshot of his resignation letter sent to Twitter. He also announced Parag Agrawal as his successor. Dorsey has not been in the good books of the Nigerian government since October 2020, over an allegation that he was complicit in the...

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BusinessTwitter CEO Resigns

Hassan Umar Shallpella (Regional Correspondent)November 30, 2021

The Chief executive officer of microblogging platform Twitter, Jack Dorsey, has announced his resignation in a statement yesterday. He was co-founding the microblogging platform for 16 years now. Dorsey said he has worked hard to ensure that the company breaks away from its founding and founders.  “After almost 16 years of having a role at our company, from co-founder to CEO to chair to executive chair to interim-CEO to CEO. “I decided it’s finally time...

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CBN Retains Benchmark Interest Rate At 11.5%

BusinessEconomyCBN Retains Benchmark Interest Rate At 11.5%

Beloved John (Staff Writer)November 23, 2021

ABUJA — The monetary policy committee of the Central Bank of Nigeria (CBN) has decided to maintain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. Godwin Emefiele, the apex bank chairman announced the decision of the committee while addressing Journalists on Tuesday after the two-day meeting with the committee members at the CBN headquarters in Abuja. According to the governor, the committee voted to maintain the current MPR to ensure economic...

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Forceful Ejection: Over 400 Residents Sue Minister Of Federal Capital Territory

BusinessLaw & JusticeForceful Ejection: Over 400 Residents Sue Minister Of Federal Capital Territory

Hassan Umar Shallpella (Regional Correspondent)November 22, 2021

ABUJA — Over 400 residents of Abuja have sued the Minister of the Federal Capital Territory (FCT) and the Inspector-General of Police concerning the forcible ejection from their shops. Chukwuma-Umachukwu Ume, Senior Advocate of Nigeria (SAN) writing on behalf of the 439 complainants, said most of his clients are the breadwinners of their families. In an impassioned letter to the FCT minister, Muhammad Bello, the distraught traders who are mostly low-income earners, urge the minister...

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Unperfected Title Documents Of Properties Hinders Recovery Of N4.4 Trillion-AMCON

BusinessCorruptionUnperfected Title Documents Of Properties Hinders Recovery Of N4.4 Trillion-AMCON

Hassan Umar Shallpella (Regional Correspondent)November 22, 2021

ABUJA — The Managing Director/Chief Executive Officer, Assets Management Corporation of Nigeria (AMCON)  Mr. Ahmed Lawan Kuru has submitted names of the top 1,000 loan defaulters to the National Assembly in another deft strategy to intensify its debt recovery drive. Kuru made this known to members of the House of Representatives Committee on Banking and Currency at the retreat of the committee in Lagos. He said the country’s bad debt bank has a high number...

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No Increase Of Fuel Pump Price-Ahmed

BusinessOil & GasNo Increase Of Fuel Pump Price-Ahmed

Hassan Umar Shallpella (Regional Correspondent)November 22, 2021

ABUJA — The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), Engr. Farouk Ahmed says the federal government the current pump price would remain for now with the expected high rate of travel during the festive period. Presently, petrol sells at N162/163 per litre in most major petrol stations with independent marketers selling at N165/litre. Ahmed made the disclosure to journalists in Abuja through Ogbogu Ukoha, Executive Director, Distribution Systems,...

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Fuel Scarcity Hits Zamfara State, Motorcycles Deserted Roads

BusinessOil & GasFuel Scarcity Hits Zamfara State, Motorcycles Deserted Roads

Hassan Umar Shallpella (Regional Correspondent)November 21, 2021

A public commentator, Ahmed Bakare in Zamfara state attributed the fuel scarcity experienced in the state as artificial, alleging that the government is involved in the situation. Bakare stated that most of the filling stations in the country are owned by the people in the corridors of power, adding that the federal government has woefully failed in its fight against monumental corruption in the country. He alleged that corruption has become legalized in disguise as...

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