New airlines to launch amid survival, viability concerns

• United Nigeria, Green Africa, Cally Air scale hurdles• Experts canvass strategy, merger, stronger carriers Barring a major shift in schedule, at least three new airlines will come up stream by mid-year, adding to the number of domestic carriers operating on both the local and regional routes. The Guardian, at the weekend, learnt that the […]

FG approves replacement policy on phone SIM for Nigerians –NCC

The Federal Government has approved a replacement policy for subscribers whose Subscribers Identification Module (SIM) may have been lost, stolen, misplaced or damaged. Dr. Ikechukwu Adinde, Director, Public Affairs, Nigerian Communications Commission (NCC), and Mr Kayode Adegoke of the National Identity Management Commission (NIMC), jointly made this known in a statement on Saturday in Abuja. […]

Biden appoints 26-year-old Nigerian-American as White House counsel

United States President-elect Joe Biden has appointed Nigerian-born Funmi Olorunnipa Badejo as a White House counsel. “Today, President-elect Joe Biden and Vice President-elect Kamala Harris announced additional members of the Office of the White House Counsel,” a statement on the Biden-Harris transition website read. “These experienced and accomplished individuals have a wide range of knowledge […]

NAFDAC raises alarm over fake COVID-19 vaccine in Nigeria

• Cautions FG, Corporate Agencies Against Ordering Vaccine Without Approval• Insists NAFDAC Must Give Go Ahead For Vaccine Usage In Nigeria, Despite WHO Approval• Agency To Track, Trace, Monitor Vaccine Distribution With Technology The National Agency for Food and Drug Administration and Control (NAFDAC) has warned the public to be wary of using the fake […]

Nigeria inflation hits 15.75% — a 32-month high

Nigeria’s inflation rate has climbed to a 32-month high, as it rose further to 15.75 percent in December from 14.89% in November 2020, the latest figures by the National Bureau of Statistics (NBS) has shown. The report published on the website of the bureau shows that food inflation rose to 19.56%, while core inflation rose […]

We’ll sell public assets to fund 2021 budget –FG

The federal government is currently under tremendous pressure to pool funds to augment the 2021 budget shortfall of N5.2 trillion. As a result, it will, in addition to borrowing locally and internationally, sell some government-owned properties for the same purpose. Also on the card is the plan to sell some non-oil assets to serve as additional […]

Why textile sector remains on brink despite interventions

• ‘Executive Order 003 of 2017 only on paper, govt major culprit’• Fewer than 25 of over 300 textile companies in operation• Why Nigeria cannot export raw cotton despite boom• With consistent policies, Nigeria has huge potential, says Ogunlesi• WTO exposed Nigerians to cheaper textiles Despite years of intervention, Nigeria’s textile industry is a departure […]

Awaiting CBN’s foreign exchange rate unification

• Normalise rates to boost transactions, says LCCI boss• Rewane warns against exchange rate fixing• Political consideration, intrigues thwart apex bank’s efforts The dithering by the Central Bank of Nigeria (CBN) to tackle foreign exchange (FX) rate unification, a programme it pledged to pursue aggressively last year, has become a major disincentive to attracting capital […]