Author: statereporter
The Federal Government has lifted the suspension on the operations of local airline, Arik Air. This comes more than a week after the Minister of Aviation and Aerospace Development, Festus Keyamo, ordered that the operations of the airline be grounded until further notice. State reporters revealed that the decision to ground Arik Airlines follows an order from the enforcement department of the Federal Capital Territory (FCT) High Court due to an outstanding debt of $2.5 million by the airline. Confirming the suspension, the chief executive officer, Arik Air (in Receivership), Roy Ilegbodu, expressed disappointment with the Minister’s decision over the…
The Nigerian Army 6 Division said its troops uncovered massive dumps where illegally refined products worth over 200,000 litres across various locations were stored in Bayelsa and Rivers States. This came 24 hours after the Army destroyed several illegal oil refining sites and recovered products in Members, Bayelsa State and Odagwa in Etche local government area of the Rivers State. On the latest discovery, the Army said it was made at Dasaba Creek in Bayelsa State, where an illegal refining site, one oven, and a massive metal reservoir containing products suspected to be stolen crude oil estimated at over 110,000…
Zenith Bank Plc, Nigeria’s largest and most profitable bank, has launched an ongoing hybrid rights and public offer, presenting an opportunity for investors to acquire shares at the bank’s lowest price range in years. This offer could yield a potential immediate return of approximately 32% for both existing shareholders and new investors. As part of the offer, Zenith Bank is issuing a rights offer of 5.233 billion ordinary shares of 50 kobo each at a price of N36 per share. These shares are pre-allotted to existing shareholders on the basis of one new ordinary share for every six shares held…
The thespian shared the tragic news on his Instagram page on Thursday morning, expressing profound grief and paying tribute to his son’s courageous spirit. In an emotional post, Duru described Ifeanyi as a “champ” and a “lion” who fought valiantly. The actor’s words captured the depth of his sorrow and the strength he witnessed in his son during his final moments. “My champ! My lion, you fought like a lion. If this is the way He wants it, so be it, I still judge you faithful,” Duru wrote. “Ifeanyi, my champ. I will miss you, son. I will forever…
#EndBadGovernance: Nigeria can’t be changed in a day and not by one man — Actress Regina Daniels roars after being criticized for advising the youths.
President Bola Tinubu has approved a monthly stipend of N50,000 for 10,000 Niger Delta youths to mitigate current hardship in the country. President of the Senate, Godswill Akpabio, announced this during the Niger Delta Sensitisation Conference for ethnic nationalities and youths and women in Port Harcourt on Tuesday. He said the payment would be made under the NDDC Youth Intensive Scheme and would last for an initial 12 months with the possibility of extension. Mr Akpabio emphasised that this move was part of Tinubu’s efforts to address the region’s challenges and urged against participation in the national protest scheduled for…
MTN Nigeria Communications PLC has successfully renegotiated lease agreements with IHS (Nigeria) Limited, INT Towers Limited, and IHS Towers NG Limited (collectively IHS), as well as ATC Nigeria, covering approximately 2,500 telecom towers. This development was disclosed in a notification to the Nigerian Exchange (NGX) Limited, signed by Uto Ukpanah, the company secretary, following an extraordinary general meeting (EGM) held on 30 April 2024. The statement revealed that MTN Nigeria and IHS have reached new binding commercial terms under the existing infrastructure sharing and master lease agreements. The amendments are effective from 1 April 2024, with the contracts extended until…
Blessing Alims, the first female President of the Student Union Government (SUG) at the University of Calabar (UNICAL), has justified her decision to appoint 50 individuals as aides, citing the need for effective governance and representation of the university’s diverse student body. Alims, who recently made history as the first female SUG President in UNICAL’s 49-year history, faced criticism on social media for her appointment of 50 aides, with some comparing her leadership style to what they described as a “wasteful government” in Nigeria. In a statement signed by her Press Secretary, Madueke Chinenye, Alims explained that her decision was…
The Federal Government has stopped the planned sale of subsidised rice to civil servants. It has, therefore, withdrawn the circular in which it directed civil servants interested in subsidised rice to apply. This was made known in a fresh circular from the Ministry of Special Duty and Inter-Governmental Affairs obtained by our correspondent on Thursday in Abuja. The circular, dated August 2, 2024, which was signed by the ministry’s Director of Human Resources, Aderonke Jaiyesimi, did not give any reason for the withdrawal of the the initial memo. No further details are also given to this effect.
President Bola Tinubu has appointed new governing councils for the Maritime Academy of Nigeria in Oron, Akwa Ibom State, and the Nigerian College of Aviation Technology in Zaria, Kaduna State. According to a statement by the Special Adviser to the President (Media & Publicity), Ajuri Ngelale, the appointees are expected to serve with integrity and devotion to enhance the structural, academic, and all-around standards of the institutions. The appointees are: For the Maritime Academy of Nigeria: – Kehinde Akinola – Chairman – Shehu Maigari Doguwa – Member – Samuel Isichei – Member – Faisal Lawal Halidu – Member For the…