Air Peace Begins Flight Operations to Makurdi

By Modupe Gbadeyanka All the employees of Azman Air except for a few senior executives have been sent on compulsory after the management suspended the company’s operations. The leave is without pay, according to a circular issued to members of staff, signed by the Human Resources Manager, Magaji Mohammed Misau. According to Leadership Newspaper, the airline operator took this step because its Boeing 737 aircraft taken abroad for C-check maintenance was yet to return. This has rendered the organisation’s commercial operations useless, especially after the conclusion of the Hajj operations last month. “As you are aware that our domestic operations

By Aduragbemi Omiyale A small aircraft crashed near the Murtala Mohammed International Airport (MMIA) in Ikeja, Lagos. The yet-to-be-identified helicopter, which is said to belong to a private owner, reportedly crashed in the Oba Akran area of Lagos State on Tuesday afternoon. According to reports reaching this newspaper, the pilots survived the air disaster. Two pilots were said to be flying the chopper when it burst into flames after it fell into a private property in the area. At the time of filing this report, we are yet to confirm what was responsible for the ill-fated helicopter crash. However, some

By Aduragbemi Omiyale One of the wet-lease aircraft in the operations of United Nigeria Airlines has been suspended by the Nigeria Civil Aviation Authority (NCAA). A wet-leased is a leasing arrangement whereby one airline (the lessor) provides an aircraft, complete crew, maintenance, and insurance (ACMI) to another airline or other type of business acting as a broker of air travel (the lessee), which pays by hours operated. The regulator decided to suspend the plane after one of the flights of the airline destined for Abuja from Lagos landed in Asaba, Delta State, over the weekend. While the company claimed the

Travelling far distances by car, bus, plane, or train is not always fun. Did you know it can even have a harmful impact on your health, too? Long-distance travel, especially by car, taxi, or bus, can increase the risk of blood clot formation, a condition known as deep vein thrombosis (DVT). In many instances, people sit still in cramped and confined conditions for hours when they’re travelling a far way. But warns Dr Helen Okoye, a medical expert and spokesperson for the World Thrombosis Day (WTD) campaign, prolonged periods of inactivity can be dangerous. “When our bodies are in a

By Dipo Olowookere Trading activities at the nation’s stock market closed slightly positive on Tuesday as bargain hunting on a few stocks took the Nigerian Exchange (NGX) Limited back to the bulls’ territory. Business Post reports that Nigerian stocks appreciated by 0.09 per cent yesterday, though investor sentiment remained weak as the market closed with 10 price gainers and 31 price losers. This occurred because investors were treading cautiously as they observe various factors, including the macro-economic environment and the reactions on the release of nine-month earnings of companies before taking a buy position. When the market closed for the

By Dipo Olowookere Chairman of Okomu Oil Plc, Mr Gbenga Oyebode, has disclosed that some of the developments to be achieved this year by the firm are the refurbishment of its oil mill and the rubber factory effluent ponds. Mr Oyebode made this known at the 37th Annual General Meeting (AGM) of the company held last Friday in Abuja. Updating shareholders of Okomu Oil on its achievements last year, the Chairman also said there would be planting of a further 4,000ha in Extension 2 this year as well as the expansion of the banga production facilities at the oil mill

By Dipo Olowookere The sale of N15 billion worth of commercial paper by the Rand Merchant Bank (RMB) Nigeria Limited will close today, Wednesday, April 6, 2022. The financial institution is selling the notes to investors as a result of the need to get funds for its short-term working capital requirements and for general corporate purposes. The exercise started on Friday, April 1, 2022, with the paper offered in two tenors of 182 days and 270 days, according to details of the exercise, which has FCMB Capital Markets Limited as the dealer. The commercial paper sale, which is under the

By Dipo Olowookere Four of the candidates vying for the House of Representatives position in Eti-Osa local government area of Lagos State will have the privilege to explain to electorates how they plan to represent them at the National Assembly from 2019 to 2023. The candidates will do this at a debate scheduled to hold on Tuesday, February 4, 2019 at the Civic Centre, Lekki, Lagos. This debate is organised by Media Room Hub, an online media platform in conjunction with BBC and Pulse Nigeria. A statement from the organisers said the four candidates vying for the top position have

By Dipo Olowookere A formidable group in Delta State known as Inspired Youths is drumming support for ex-governor and Delta South senatorial candidate of the All Progressives Congress (APC), Dr. Emmanuel Ewetan Uduaghan to represent the zone in 2019. The group which spoke through their leader, Joy Omodafe reiterated that their support for the former governor was not unconnected with his landmark achievements during his tenure in the state as governor. She disclosed that they were prepared to mobilize thousands of their supporters who are mostly youths and women from across Delta South Senatorial District come 2019 elections especially as

By Adedapo Adesanya The National Security Council has blamed the Islamic State for West African Province (ISWAP) for the attack on St Francis Catholic Church, Owo, on Sunday, June 5, which claimed several lives. The Minister of Interior, Mr Rauf Aregbesola, said this on Thursday while briefing State House Correspondents after the National Security Council meeting in Abuja. He disclosed that security agencies, particularly the police, have been directed to apprehend the perpetrators. The former Osun State governor said the attack has no ethnic-religious connection, affirming that the group’s activity has nothing to do with religion. The council, according to

The Nigerian Bottling Company Limited (NBC) has reiterated its commitment to product quality and integrity, pledging that this would remain the gold standard of its operations. This assurance was given by the Country General Manager of NBC, Mr Matthieu Seguin, during the company’s 2020 Stakeholders Forum held on Tuesday and themed Product Quality and Integrity: Challenges and Opportunities. The function, which held virtually, also featured key contributions from the Vice President, Quality, Safety and Environment, The Coca-Cola Company, Zoltan Syposs; Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Moji Adeyeye, and Chief Executive Officer,

**Affirms Country’s B1 Rating With Stable Outlook By Modupe Gbadeyanka Moody’s Investors Service on Friday affirmed the B1 long-term issuer rating of the government of Nigeria with a stable outlook just as it forecasts that real GDP growth will rise to 2.5 percent in 2017 and accelerate further in 2018 to 4 percent. The global rating firm disclosed that the key drivers for these were the medium term growth prospects remain robust despite the current challenging environment, with the rebound in oil production helping to rebalance the economy over the next two years; and the government’s balance sheet, which it