The International Air Transport Association announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. According to the Director-General, IATA, Willie Walsh, airline industry net profits are expected to reach $9.8bn in 2023. This represents over 100 per cent increase over the previous forecast of $4.7bn (December 2022). Walsh […]

The Ogun State Governorship Election Petition Tribunal had its inaugural sitting on Monday with hoodlums, suspected to be political thugs targetting and beating members of the Peoples Democratic Party on the court premises at Isabo, Abeokuta. At the tribunal, the governorship candidate of the PDP, Ladi Adebutu, is challenging the emergence of Governor Dapo Abiodun […]

Billionaire businessman, Jimoh Ibrahim, on Monday, expressed the conviction that President Bola Tinubu will develop the nation. A statement on Monday quoted Ibrahim to have expressed the conviction while commenting on the state of the nation in his Abuja office. According to Ibrahim, who is senator-elect for Ondo South Senatorial District,  Tinubu is prepared for […]

The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria. The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of the FGN expanded in February, due to a drop in the retained revenue. “At N513.05bn, the provisional fiscal […]

The President, Bola Tinubu, on Monday, urged striking health union workers to return to work, promising to resolve their grievances. “We will resolve all the issues. Please go back to work,” Tinubu told the leadership of the Joint Health Sector Unions during a meeting at the State House, Abuja. State House Director of Information, Abiodun […]

The continuous implementation of the subsidy on petrol has been the most thoughtless decision of the Nigerian administrations in the past two decades. Therefore, on May 29, 2023 when he was inaugurated, President Bola Tinubu announced that petrol subsidy had been removed. It was the wise thing to do. By announcing it on the day […]

Although Ghana has been able to heave a sigh of relief following the International Monetary Fund’s approval of its $3bn loan request, the financial books of some Nigerian banks took a hit due to the country’s debt restructuring. While the impact is reflected in the loan provisions of the affected lenders, stakeholders believe all is […]

The Olusegun Agagu University of Science and Technology, Okitipupa,  Ondo State, has said it plans to produce graduates that will compete with their pairs across the world. The Vice-Chancellor, of the university, Prof. Emmanuel Ologunorisa, stated that the vision of his administration was to produce bilingual graduates with 21st-century skills. He said this at the […]

The over N34 billion worth of Teaching Hospital donated to Osun State University, Osogbo by the Chancellor, Dr Folorunso Alakija is said to be 85 per cent completed and due for commissioning soon. This was disclosed by the Vice-Chancellor of the university, Prof. Clement Adebooye, at the 3rd distinguished personality lecture of the College of […]

Corona College of Education, Ilupeju, has matriculated 218 students for the 2022/ 2023 academic session and introduced entrepreneurship studies. A statement by the college said the provost, Dr Olajumoke Mekiliuwa, announced the college’s entrepreneurship classes under the skill acquisition programme/unit during the matriculation. Mekiliuwa said all CCED students were expected to engage in entrepreneurship classes […]