Author: Festus Adeloye

The Federal Airports Authority of Nigeria (FAAN) has announced that power will be at Lagos airport on June 5 to allow for maintenance work. According to a statement on Tuesday by Obiageli Orah, FAAN’s director of public affairs and consumer protection, the maintenance is necessary to address urgent issues with the bus riser 11 kilo-volt-amperes (KVA) high tension (HT) panel located on the ground floor, north of international terminal 2 (ITZ-2). “The Federal Airports Authority of Nigeria (FAAN) hereby notify all stakeholders and the public that a maintenance shutdown of power supply shall occur at the International Terminal 2(ITZ-2) between…

The Minister of Works, David Umahi, has condemned the destruction of the expansion joints used to absorb thermal expansions on the recently commissioned 2nd Niger Bridge by unknown vandals. Describing the act as a cruel sabotage of a national asset, the Minister expressed regret that the bridge was being vandalized by those who were meant to benefit from it. While he expressed deep shock over the vandalization that was recorded despite the presence of a private security outfit deployed by the federal ministry of works to guard the area, the minister assured that a more formidable security arrangement would be…

President Bola Tinubu has approved the naming of the full-scope Arterial road N20 from Northern Parkway to the Outer Northern Expressway (otherwise called the Murtala Mohammed Expressway), as the Wole Soyinka Way. Other projects commissioned include the Southern Parkway, renamed the Bola Ahmed Tinubu Way, the Abuja Rail Mass Transit, otherwise known as the Metro Rail, and the Outer Southern Parkway, renamed the Mahamadou Issoufou Nigeria, while appreciating the FCT Minister, Nyesom Wike, for the recommendation. “Let me say here that your momentous recommendation to name this road Wole Soyinka Way is well received. He is our foremost playwright, novelist,…

Following the suspension of the ongoing strike called by the national leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), the state leadership of the unions have in compliance reopened the Oyo state government Secretariat. The leaders had earlier blocked the entrance gates and even enforced the sit-at-home directive by going round the various Ministries, Departments and Agencies to chased out workers who reported for duty, succeeded in grounding all activities within the state Secretariat. But, shortly after the new directive on suspension of the strike filtered, the Chairman of the TUC, Comrade Bosun Olabiyi quickly summoned…

President Joe Biden is expected to announce an executive order as early as Tuesday that would effectively shut down the US-Mexico border to asylum-seekers crossing illegally when a daily threshold of crossings is exceeded – a sweeping and controversial proposal that is likely to receive fierce pushback from progressives and immigration advocates. The executive action, described to CNN by multiple people briefed on the order, would mark a significant attempt by Biden to address head on one of his biggest political vulnerabilities, just weeks before the first presidential debate with former President Donald Trump. Trump has made hard-line immigration policies…

Nigeria (CBN) yesterday cited failure of the board of directors of Heritage Bank to improve its financial performance as the reason for the revocation of the bank’s operating licence. Meanwhile, the Nigeria Deposit Insurance Corporation, NDIC, said it has commenced liquidation of the bank, adding it will pay the insured amount of N5 million per depositor. Announcing the decision of the apex bank to revoke the bank’s licence, Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, in statement, said: “The Central Bank of Nigeria (CBN), in accordance with its mandate to promote a sound financial system in Nigeria and in…

Juventus star Jennifer Onyi Echegini has been rewarded for outstanding performances in Italy during the just-concluded season. Jennifer Echegini has cemented herself as Europe’s most exciting talent, and this award is surely just the first of many. The 23-year-old attacking midfielder, who only joined the Turin club in January, surpassed expectations, finishing the season with 10 goals and 1 assist in 16 appearances; the kind of numbers Asisat Oshoala would be proud of. The Super Falcons star has been impactful since arriving from the United States, highlighted by a stunning hat-trick against Fiorentina in March, showcasing her prolific nature in…

In a scathing critique of President Bola Ahmed Tinubu’s first year in office, Nwafor Chigbo, convener of the Good Friends Network for Peter Obi, has described the removal of fuel subsidy as a ‘costly blunder’ that has worsened the lives of Nigerians. Speaking in an interview with newsmen in Abuja, Chigbo argued that the subsidy removal, which was announced by the President in his inaugural speech, has led to unprecedented hardship, inflation, and suffering among Nigerians. He noted that the subsidy removal has resulted in over 100% increase in the cost of goods and services, with the prices of food,…

Payment to depositors with liquidated Heritage Bank having N5 million and below will begin on Monday, the Nigeria Deposit Insurance Corporation (NDIC) said yesterday. Depositors with more than N5 million will wait for their balance until assets of the liquidated bank are disposed off and money generated, before they are paid. The Central Bank of  Nigeria (CBN) yesterday revoked the operating licence of Heritage Bank. According to the apex bank, Heritage failed in its obligations. A statement by CBN spokesperson Hakama Sidi-Ali said: “The bank’s Board and Management failed to improve its financial performance, posing a risk to the financial…

The federal government has appealed to the Organised Labour to stealth their sword and return to the negotiating table. The minister of information and national orientation, Mohammed Idris, made the passionate appeal on Monday, June 3, in Abuja. Idris reminded the Labour Union that the minimum wage negotiation is not only for public workers alone as it also affects the private sector. He therefore appealed to the Labour Union to return to the negotiating table to fashion out a realistic and sustainable wage. The minister said that the government is equally bothered about the shutdown of critical infrastructure by the…