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Union Asks FG To Intervene In Aero Contractors’

The National Union of Air Transport Employees (NUATE) has accused the Asset Management Corporation of Nigeria (AMCON) of lacking the “technical DNA” to manage Aero Contractors, asking the Federal Government to intervene. In a statement yesterday, NUATE President Ben Nnabue accused AMCON of refusing to provide the capital injections needed to sustain operations, especially given...
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Lawyers Ask Parties To Respect Apex Court’s Verdict

Some senior lawyers have asked parties involved in the leadership crises rocking the Peoples Democratic Party (PDP) and the African Democratic Congress (ADC) to respect the verdict of the Supreme Court on the leadership crisis afflicting both parties. The lawyers, Chief Mike Ahamba (SAN), Adekunle Ojo (SAN) and Kabir Akingbolu, in separate phone interviews with...
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Developers urge reforms to revive housing sector

Real estate developers have called for urgent reforms in land administration and increased investment in infrastructure, saying these steps are essential to addressing Nigeria’s growing housing deficit and improving sector performance. The Chief Operating Officer and Co-Founder of Flinx Realty Ltd, Bright Okereke, stressed that access to financing, efficient land systems, and reliable infrastructure remain...
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Union Accuses AMCON of Mismanaging Aero Contractors

The National Union of Air Transport Employees has accused the Asset Management Corporation of Nigeria of mismanaging Aero Contractors Company Limited, raising concerns over the airline’s survival and operational stability. The union, in a statement signed by its National President, Nnabue Konye, alleged that AMCON’s actions have stifled the airline’s growth and undermined years of...
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FCMB & BHM Champion Alternative Media Revenue Streams

First City Monument Bank and BHM have led a renewed push for alternative revenue models in Nigeria’s media industry amid declining traditional advertising income. The organisations hosted the pilot edition of The Monetised Content Masterclass on 20 April in Lagos, bringing together reporters, content creators and editors to address growing concerns over the sustainability of...
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Report reveals worsening media welfare crisis in Nigeria

Ahead of this year’s International Workers’ Day, Women in Journalism Africa, also known as WIJAFRICA, has released a new report highlighting widespread labour abuses and worsening welfare conditions in Nigeria’s media industry, with women journalists bearing a disproportionate burden. The report, titled “Labour Abuse: How Nigerian Journalists Struggle to Survive,” is based on a four-month...
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A Strategic Tool for Insurer Growth & Stability

The global insurance landscape is currently being reshaped by a fundamental shift in how companies view their balance sheets. While the primary function of reinsurance remains the mitigation of excessive loss, modern firms are increasingly leveraging it as a strategic tool for capital management, JIDE AJIA reports By offloading “peak risks” to a global pool...
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Money Market Liquidity Eases to N5.8tn in Nigeria’s Banks

The Nigerian money market maintained a steady posture mid-week as the banking system’s massive liquidity surplus experienced a marginal narrowing. Despite the contraction, the financial system remains significantly awash with cash, shielding interest rates from upward pressure even in the face of recent government debt auctions. The Nigerian Overnight Rate and Open Repo rates remained...
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OPay Expands Access to N1.2bn Scholarship Scheme

In a move aimed at widening access to education and easing financial burdens on students, OPay has signed a set of Memoranda of Understanding with four tertiary institutions across Nigeria, further expanding access to its N1.2bn scholarship programme. The institutions include Benue State Polytechnic, Kogi State Polytechnic, Montgomery Polytechnic and Alex Ekwueme Federal University. With...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...