Business
Air Peace set to resume flight operations

Air Peace says it will resume flight operations on Friday following the suspension of strike by the Nigerian Meteorological Agency, NiMeT, workers.
This was contained in a statement by the airline’s Head of Corporate Communications, Ejike Ndiulo, on Thursday night in Lagos.
Ndiulo expressed Air Peace’s gratitude to its customers and the general public for patience, understanding and support throughout the period of the strike.
”Your resilience and trust in our brand mean the world to us.
“We commend the active and decisive intervention of the Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), whose leadership and commitment were pivotal in resolving the impasse and restoring normalcy within the aviation industry,” Ndiulo said.
He noted the minister’s swift engagement with aviation stakeholders, his transparent approach and his dedication to the stability and progress of the aviation sector.
Head of Corporate Communications further stated that Keyamo’s efforts not only facilitated timely resolution of the industrial dispute but also underscored his broader vision for a safer, more efficient and investor-friendly Nigerian aviation industry.
Ndiulo said Air Peace was committed to providing safe, reliable and world-class services.
Ekwutosblog reports that NiMeT workers on Thursday suspended the strike which began on April 22 after the minister’s intervention.
The workers downed tools in protest of alleged poor working conditions, including non-implementation of the 2019 Consequential Adjustment to the National Minimum Wage (affecting at least 30 staff).
They are also demanding a 25/35 per cent salary increase, 40 per cent hardship/peculiar allowance, and annual staff trainings.
The minister had promised to find lasting solutions to the problems.
Business
NUPENG: ‘Call Dangote to order’ – Falana tells Nigerian Govt

Human rights lawyer, Femi Falana, SAN, has called on the Federal Government to intervene and address the allegation that the owner of Dangote Refinery, Aliko Dangote is planning to force newly hired drivers to sign contracts that restrain them from joining established unions within the oil and gas sector.
Business
Naira records highest single-day appreciation against dollar ahead of public holiday

The Naira recorded its highest single-day gain against the dollar at the official foreign exchange market on Thursday ahead of Friday’s public holiday to mark Eid-ul-Mawlid, the birth of the Holy Prophet Muhammad.
Exchange data from the Central Bank of Nigeria showed that it appreciated significantly to N1,514.87 on Thursday, up from N 1,521.46 traded on Wednesday.
This means that the Naira strengthened by N6.59 against the dollar on a day-to-day basis to end the official trading week.
Ekwutosblog reports that Thursday’s gain is the highest uptrend of the country’s in the last three days this week.
Meanwhile at the black market, the Naira dropped to N1,539 per dollar, down from N1,533 traded the previous day.
Accordingly, analysis of both foreign exchange markets indicated that the most populous country in Africa’s currency recorded mixed sentiments in the week under review.
This comes as Nigeria’s external debt continued to rise to hit N41.49 billion on Wednesday, up from $41.46 recorded the previous day, according to the apex bank.
Business
Ponzi scheme: Umuahia investors beg EFCC to recover trapped funds from arrested businessman

Many subscribers in Abia State, who invested huge money in a “50% Return on Investment”, ROI, in Garvice Logistics Limited, Umuahia, have appealed to the Economic and Financial Crimes Commission, EFCC, to help them in recovering their money.
The investors, while thanking the EFCC for arresting the promoter of the investment company, said their major concern was for the EFCC to recover their trapped money from the arrested Chief Executive Officer of the company, Mr Ahamba Tochukwu.
EFCC had on Wednesday, announced the arrest of Mr Ahamba for allegedly defrauding several investors in his logistics investment schemes to the tune of N2,000,000,000 (Two billion Naira only).
Tochukwu, through Garvice Logistics Limited, allegedly rolled out investment opportunities in haulage, courier and e-commerce services and offered his subscribers a fifty percent jump in their investment, an offer that attracted many investors, particularly the youths and students.
He was alleged to have raked-in over N2 billion from about 400 investors in the last quarter of 2024 but allegedly disappeared with the investors’ funds, until his arrest by the EFCC.
Reacting to the development, some Abia residents, who claimed that their huge capital and the advertised interests were not paid to them, begged the EFCC to go beyond the arrest of the company Chief Executive Officer but to recover their money from him.
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