US indictment: Onyema distances self from suit at Abuja court

The Chairman/Chief Executive Officer of Air Peace, Allen Onyema, has distanced himself from a human rights suit that was recently filed at the Federal High Court in Abuja on “his behalf”. Onyema’s lawyers, A.O Alegeh & Co, in a statement issued on Wednesday and made available to the media, said that the suit no. FHC/ABJ/CS/1446/2019 filed before a Federal High Court in Abuja by one Mr Johnmary Jideobi was instituted without the consent of their client. According to part of the statement: “The attention of our client, Allen Onyema has…

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Paralympics champion, ONYEMA: Men still come for me despite being physically challenged, married

She is one of the best special athletes Nigeria has ever produced; she is a recipient of Member of the Order of Niger and a winner of Saturday Telegraph Sports Personality of the Year 2018, Esther Onyema, in this interview with AJIBADE OLUSESAN, says reaching the top of her career was a difficult journey.   Many Nigerians know you as world, Commonwealth, African and of course national champion, but they want to know how you started your career? There were lots of challenges before I started doing the sport but…

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ALLEN ONYEMA-Our operations are good, but we need govt, Nigerians’ support

The chairman and chief executive officer of Air Peace, Allen Onyema, speaks to ANDREW OKUNGBOWA on the operations of the airline and effort by it to link Nigeria to the world and the challenges, among others     How are you copping with the issue of destination imbalance? The Federal Government has intervened and the Minister of Aviation, Senator Hadi Sirika, is trying to address these issues of destination imbalance whereby multiple frequencies and designations are given to foreign airlines, the government is addressing all that. How is your Dubai…

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Reps honour Air Peace Chairman, Onyema

The House of Representatives has decided to honour the Chairman Air Peace Airlines, Allen Onyema for his patriotism. The Chairman was invited to appear before to the House on Wednesday in recognition of his magnanimous decision to put his planes for use to evacuate Nigerians who wanted to leave South Africa following the recent xenophobic attacks in that country. Speaker Femi Gbajabiamila said that the House is honouring Onyema for the level of his patriotism. According to the Speaker, as at the present moment Onyema has lifted over 498 Nigerians…

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Stock market posts N48bn loss in Q1 2019

Trading activities on the floor of Nigerian Stock Exchange (NSE) finished the first quarter of 2019 (Q1) on the negative trajectory, recording N48 billion loss to close at N11.672 trillion in market capitalization, as growing political tension enveloped the equity market, due to general election that took place during the quarter. Though the market put up a good appearance in the month of February, some market analysts believed investors traded cautiously in the short to medium term, as selloffs persisted, amidst the growing political and security tension of the general…

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Economy: Analysts task Buhari on petrol subsidy, FX, interest rates

  As President Muhammdu Buhari continues to savour his re-election victory, economists, analysts and players in the financial industry have charged the president to hit the ground running immediately he takes oath of office on May 29 this year. They said President Buhari cannot afford to repeat the mistake of waiting for over six months before constituting his executive. They said for the economy which recorded a sluggish growth of 1.9 per cent in 2018 to regain its spark in 2019 and do better during President Buhari’s second tenure, the…

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FDI: Why Ghana has overtaken Nigeria

 Nigeria can regain position in Africa –AMPI   In this report, PAUL OGBUOKIRI writes that massive divestment from Nigeria by portfolio investors, oil price and foreign exchange instability; the coming general elections, insecurity, poor infrastructure and a generally uninspiring economy together made ensured Ghana over took Nigeria in 2018 as the number one foreign investment destination in West Africa   Ghana overtakes Nigeria in FDI Coming on the heels of the warning last week by the Monetary Policy Committee of the Central Bank of Nigeria that Nigeria’s debt profile is…

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Stock market shelves N581bn in November

Trading activities on the floor of Nigerian Stock Exchange (NSE) finished the month of November 2018 on the negative trajectory with a record of N581 billion loss to close at N11.271 trillion in market capitalisation as growing political tension takes toll on the equity market. Some market analysts believed investors should trade cautiously in the short to medium term, as selloffs are likely to persist, amidst the growing political and security tension ahead of the 2019 general elections. Statistics available to New Telegraph showed that activities on The Exchange, which…

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Onyema: Infrastructure impeding Nigeria’s airport hub status

Allen Onyema is the Chairman of Air Peace Airline, one of the carriers with prospect. In this interview with WOLE SHADARE, he speaks on the vibrancy of Nigeria’s aviation market, plans to grow the airline and sundry issues in the industry, including funding, which was and is still being provided by Fidelity Bank Plc. Excerpts   The Federal Government recently announced the suspension of Nigeria Air, can we say the prayers of domestic airlines have been answered? The suspension of national carrier by the Federal Government is a huge challenge…

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Obiano to unveil new book on Anambra light bearers

Governor Willie Obiano of Anambra State will today unveil a book titled, ‘Icons of Anambra State’. The publication, sponsored by three leading banks, traces the resilience and enterprise that made the state to produce the highest number of achievers in Nigeria since the 20th century. The 317-page book written by a researcher and biographer, Mr. Uchechukwu Elugu, details the lives and times of some remarkable men and women, who made the difference to make Anambra the leading state in the South East. Anambra, which prides itself as “The Light of…

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