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How airlines, aviation firms shared FG’s N5bn bailout

Air Peace, Azman, Dana top beneficiaries Travel agencies get N196m, car hire operators receive N100m A list of other beneficiaries of the much awaited palliative in the aviation industry has been released. Aside the airlines, aviation ground handling companies, aviation fuel marketers, registered airport taxi operators and travel agents benefited from the Federal Government’s ‘kindness’ […]

Business Top Stories

Paternity scandal: FCMB MD goes on leave as probe gets underway

The embattled Managing Director of First City Monument Bank (FCMB), Adam Nuru, has proceeded on leave in order to allow for a probe into allegations that he had an affair with a former official of the bank. In a statement released late last night, FCMB said that Mr. Nuru, “volunteered to proceed on leave,” adding […]

Business Top Stories

NSE down by N393bn on profit taking

The equities market closed yesterday on a negative note, declining by 1.83 per cent as investors sold off shares from across the board to take profits. The market had opened the year the previous day on a positive rout. The market performance indices, NSE ASI and market capitalisation depreciated by 1.83 per cent. Consequently, the […]

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Ex-Finbank MD, Okey Nwosu, jailed 3 years for N18bn theft

A former Managing Director of the defunct Finbank Plc, Okey Nwosu, was yesterday sentenced to three years imprisonment by Justice Lateefat Okunnu of a Lagos High Court in Igbosere for N18 billion theft. The judge handed down the verdict after she found the former bank boss and three other Directors of the bank guilty of […]

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S/East leaders: We’ll vote for any party that gives us presidential ticket

A meeting of South East political leaders, cutting across different political parties held yesterday at the country home of Senate Chief Whip, Dr Orji Uzor Kalu, in Igbere, Bende council area of Abia State. It rose with a resolution that Ndigbo across the country would vote any party that zones its presidential ticket to the […]

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Long-term obesity increases health risks

Researchers in the United States (U.S.) said the longer a person is overweight, the more damage it does to cardiovascular and metabolic health while increasing the fellow’s risk of metabolic dysfunction and diabetes. These are the findings of a new study, published in the journal ‘PLOS One’. A metabolic disorder occurs when abnormal chemical reactions […]

Editorial Top Stories

Need for stricter enforcement of COVID-19 protocols

The Federal Government, last week, placed a sixmonth travel ban on 100 passengers who failed to undergo the compulsory COVID- 19 test after their return to the country. According to the Presidential Task Force on COVID-19 containment, the persons involved would not be allowed to travel out of the country until June 30. “The PTF […]

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Tottenham beat Brentford to reach EFL Cup final

  Jose Mourinho reached another Carabao Cup final as his Tottenham side saw off the challenge of Brentford. Moussa Sissoko’s excellent header and a trademark finish from Son Heung-min were enough for the Premier League favourites to book a trip to Wembley, reports the BBC. Ivan Toney thought he had equalised for the Championship side […]

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JUST IN: FG hikes electricity tariff again

  The Nigerian Electricity Regulatory Commission (NERC), has approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies (DisCos). This is coming just two months after it finally implemented a much opposed hike in November 2020. According to a revised Multi Year Tariff Order (MYTO) signed by the […]

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COVID-19: England’s lockdown may last till March – Minister

  The government “should be able” to begin easing England’s coronavirus lockdown in March, a senior minister has told Sky News. Michael Gove said the public should not expect a sudden relaxation of the COVID-19 rules, with restrictions “progressively” relaxed instead. And he warned of “very, very difficult weeks ahead” as the country battles to reduce the […]

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