Author: Samuel Akpenpuun

Aero Contractors has announced a minimum ticket price of N80,000 for local flights across its routes during the festive season. The airline’s Managing Director, Ado Sanusi, disclosed this on Tuesday during a briefing with journalists, describing the initiative as a gesture to alleviate the financial burden on Nigerians amid the Christmas and New Year celebrations. Sanusi said the initiative, which will run through January 2024, is part of the company’s commitment to giving back to its customers during the holidays. He said, “We understand the economic hardship Nigerians are facing, especially with high ticket prices, and we know the holiday…

The Lagos State Emergency Management Agency has reported the rescue of four accident victims on Monday evening. The agency’s Permanent Secretary, Dr Olufemi Oke-Osanyintolu, confirmed this in a statement issued on Tuesday in Lagos. Oke-Osanyintolu said the victims sustained severe injuries in the accident involving two buses. The incident occurred late on Monday evening on the Third Mainland Bridge, heading towards Oworo. “Following distress calls received through the 767 and 112 toll-free emergency lines at 17:25, LASEMA activated its emergency response team from the Command and Control Centre in Alausa, Ikeja. “Upon arrival at the scene at 17:35, we discovered…

The National Association of Nigerian Students (NANS) has lauded the Economic and Financial Crimes Commission (EFCC) for securing the recovery of a sprawling estate in Abuja from a former high-ranking government official implicated in corruption. The forfeited estate, located on Plot 109, Cadastral Zone C09, Lokogoma District, Abuja, measures 150,500 square meters and includes 753 duplexes and apartments. Justice Jude Onwuegbuzie granted the final forfeiture order on Monday, December 2, 2024, marking it as one of the EFCC’s most significant recoveries since its establishment in 2003. In a statement issued on Tuesday by Abdul-Yekinn Odunayo, Clerk of the Senate, NANS…

South Africa will use its presidency of the G20, the first by an African nation, to put the priorities of the African continent onto the agenda of the powerful global economic forum, President Cyril Ramaphosa said Tuesday. South Africa took over the rotating presidency of the grouping of the world’s biggest economies on December 1 and will host its summit in November before handing over to the United States. It is a “great moment for our continent” as well as for developing countries known as the Global South, Ramaphosa said at a briefing to launch the presidency. “We will use…

President Tinubu has arrived in Cape Town, South Africa for the 11th session of the Nigeria-South Africa Bi-National Commission (BNC). He was received by South Africa’s Minister of International Relations and Cooperation, Roland Lamola, alongside Nigeria’s Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu.

A US judge upheld her decision to reject Elon Musk’s massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote on Monday. In a court filing, Chancellor Kathaleen McCormick of Delaware’s Court of Chancery ruled that Tesla’s attempt to ratify Musk’s compensation package through a June shareholder vote could not override her January decision striking down the package as excessive and unfair to shareholders. McCormick found multiple flaws in Tesla’s ratification attempt, including “material misstatements” in documents provided to shareholders about the effect of their vote. “The motion to revise is…

The Enugu State Government and Austrian firm, WANDE NEXUS, on Monday, signed a $100m deal to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure Project in Enugu. With the signing, which took place at the Government House, Enugu, in the presence of the Austrian Ambassador to Nigeria, Thomas Schlesinger, the firm will be injecting the fund as Foreign Direct Investment to modernise water infrastructure. Governor Peter Mbah described the signing as an example of the relationship that could exist between a sub-sovereign and a sovereign, as well as a major step to getting water to the last mile…

Low-earning pensioners are now permitted to withdraw their total retirement savings en bloc or continue to receive their monthly pension pending the approval of the Minimum Pension Guarantee. This is according to a memo by the National Pension Commission, which was signed by the Head of the Surveillance Department of Pencom, simply identified as A.M Salem. In the memo, dated November 27, 2024, the commission said the development followed the new section 4.1 (g) of the revised regulation on the administration of retirement and terminal benefits in line with the new minimum wage of N70,000. Before this announcement, retirees were…

Speaker of the Delta State House of Assembly, Rt Hon Emomotimi Dennis Guwor, on Wednesday disclosed how he narrowly escaped death by an act of providence in the tragic boat mishap that occurred along Bennett Island River in Warri South-West Local Government Area of Delta State last weekend. Five persons were confirmed dead in the accident, with several others rescued or missing, including a toddler found floating lifeless in the water for over an hour. The boat, reportedly conveying about 30 passengers from a burial ceremony, had a head-on collision with a submerged log in the waterway. Speaking through his…

President Bola Tinubu will depart Abuja on Wednesday for a state visit to France, following an invitation from President Emmanuel Macron. A statement issued on Tuesday by Bayo Onanuga, Special Adviser to the President on Information & Strategy, explained that the three-day visit will focus on strengthening political, economic, and cultural relations, as well as establishing more opportunities for partnerships, particularly in agriculture, security, education, health, youth engagement and employment, innovation, and energy transition. The visit promises significant benefits for Nigeria. The statement also noted that President Tinubu and his wife, Sen. Oluremi Tinubu, will be received on Thursday at…