‘What have you done with your position?’ Nigerians ask Dogara in response to tweet

‘What have you done with your position?’ Nigerians ask Dogara in response to tweet

A tweet by Speaker, House of Representatives, Yakubu Dogara, seems to have pit him against his numerous social media followers. Dogara had tweeted: But his social media followers seem to be angry at what appears to be a denial of Nigerian politicians’ contributions to the state of the nation. Consequently, the Speaker’s followers took him to task through their sometimes unkind responses. See the responses, as tweeted back at the lawmaker: Someone blames President Muhammadu Buhari and Police IG Ibrahim Idris: Someone commends Dogara: Another referred him to a Bible…

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Air Peace CEO Canvasses African Connectivity

Air Peace CEO Canvasses African Connectivity

The Chairman/Chief Executive Officer of Air Peace, Mr. Allen Onyema has said the airline is championing seamless air connectivity in Africa to drive the economic growth in the continent and ease the travel challenges of the people. Onyema spoke during the launch of Air Peace’s flights from Abuja, Lagos and Accra to Monrovia, Liberia and from Abuja to Accra, Ghana recently. The Air Peace boss insisted that the airline had continued to prove its mettle in the project to link African nations and connect them with the rest of the…

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Aircraft Maintenance Company Berths In Nigeria

Aircraft Maintenance Company Berths In Nigeria

The Nigerian Civil Aviation Authority has given approval for a new indigenous aircraft maintenance, repair and overhaul company, 7 Star Global Hangar, to commence operations. The Chief Executive Officer, 7 Star Global Hangar, Isaac Balami,  said on Thursday that the firm would commence operations in the coming week, and would ensure that a comprehensive spare parts inventory marketplace was made available to airlines in the country and across the West and Central African region. Balami, who is a former president of the National Association of Aircraft Pilots and Engineers, stated…

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Amaechi Appointed UN Representative On Road Safety

Amaechi Appointed UN Representative On Road Safety

The Minister of Transportation, Rotimi Amaechi, who was recently appointed as an advisory board member of the United Nations Road Safety Trust Fund, on Thursday represented Nigeria and Africa at the inaugural meeting of the board at the UN Secretariat in Geneva, Switzerland. The UNRSTF was established in April 2018 to address the worldwide accident crisis resulting in the loss of 1.3 million lives and additional 50 million injured on roads every year. As a member of the UNRSTF advisory board, Amaechi will play an important part of collaborating with…

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BoI To Promote Leather Manufacturing

BoI To Promote Leather Manufacturing

To improve capacity of operators in the leather products manufacturing sector and intensify import substitution, especially for  those in Aba  cluster, the Bank of Industry has unveiled the Aba Finished Leather Goods Cluster Financing programme targeted at over 150,000  artisans in the cluster. According to the bank, the financing programme, which will see beneficiaries accessing up to N300, 000 for procurement of materials to expand and improve production, is expected to further boost import substitution. Speaking at the unveiling of the financing initiative in Aba, the Minister of Industry, Trade…

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System Collapse Grips Power Sector

System Collapse Grips Power Sector

Nigeria’s electricity grid is still witnessing system collapse as it recorded total failure twice in the last two months. Figures obtained by our correspondent from the Federal Ministry of Power, Works and Housing in Abuja on Thursday showed that the system collapsed once in June and it recorded another in July. In first month under review, the country’s total power on the grid dropped from a high of 3,659.5 megawatts on June 7 to as low as 41.4MW on June 8. An analysis of the figures also showed that the…

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Jaiz Bank Set To Disburse $20m SME Fund

Jaiz Bank Set To Disburse $20m SME Fund

The Managing Director, Jaiz Bank Plc,Hassan Usman has said the bank would soon begin the disbursement of the $20m facility for operators in the Small and Medium Enterprises sector of the economy. He said this on Thursday in Abuja during a chat with journalists. The bank had in March signed the agreement with the Islamic Corporation for the Development of Private Sector to finance the Small and Medium Sized Enterprises with $20m (N6.1bn). The ICDP is an arm of the Islamic Development Bank. The amount would be provided to SMEs…

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Pension Sector Investment rises to N8.23tn

Pension Sector Investment rises to N8.23tn

Total assets under the Contributory Pension Scheme rose to N8.23tn at the end of the second quarter of 2018, figures obtained from the National Pension Commission on Thursday showed. The figures specifically indicated that the number of contributors grew by 312,291 from 7.89 million in December 2017 to 8.14 million as of June 2018. It stated, “The net assets value of the pension assets of the contributory pension fund was N8.23tn as of June, 2018. This represents an increase of N716.94bn up from the value of N7.52tn as of 31st…

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9Mobile Shareholders Protest Its Sale

9Mobile Shareholders Protest Its Sale

Shareholders of 9Mobile have cautioned the Central Bank of Nigeria, the Nigerian Communications Commission and others involved in an ongoing negotiation to sell the telecommunication firm not to proceed with the transaction in view of a pending case before the Federal High Court in Abuja. The shareholders – Afdin Ventures Limited and Dirbia Nigeria Limited – warned of the legal consequences to the CBN and others should they proceed to conclude the sale of the network despite a subsisting order of the court, halting further activities in relation to the…

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LASG demolishes nine-storey Lekki Property

LASG demolishes nine-storey Lekki Property

The Lagos State Government on Thursday commenced the demolition of a nine-storeyed building on Dada Fayemi Street, Osapa London in Lekki, Lagos, for failure of the developer to obey the master plan of the area. The demolition, which was done manually due to the location of the building, is expected to be completed within a few days. It was not clear what the building was intended for or who the developer was, as there were no signs on site. The General Manager, Lagos State Building Control Agency, Mr Olalekan Shodeinde,…

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