UK Police Arrests Daar Communications Chairman, Dokpesi

The Chairman of DAAR Communications Limited, High Chief Raymond Dokpesi, has been reportedly by the Police in the United Kingdom. Dokpesi was said to have been arrested on Sunday while travelling to the United Kingdom. He had boarded a Lufthansa Flight LH916 from Frankfurt to London and was subsequently picked up at Terminal 2 of Heathrow Airport in London. A source who was on the flight confirmed his arrest to a news site. The source said: “We were on a flight from Frankfurt to London and as we are about…

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Passengers frown at airlines free reign at official extortion

…seek govt’s intervention Passengers making use of local airlines for domestic flight have called on the Federal Government to intervene and put a halt to airlines attempts at official extortion. Some of the passengers, who spoke to our correspondents last expressed frustration over deliberate moves by the operator to push passengers into tight corners in an attempt to make them pay more for trips that have already been paid for. They pointed out that some of the operators were in the habit of closing the counter hurriedly, especially with regard…

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My Son’s Life Not Better Than Any Nigerian’s – Senator Na’Allah

Senator Bala Ibn Na’Allah, whose eldest son, Abdulkareem, was murdered at his Malali home in Kaduna State, has said his son’s life is not better than that of any other Nigerian. In a statement he issued on Monday, Na’Allah expressed hope that his death will play a major role in finding solutions to Nigeria’s problems. Senator Na’Allah who was outside Nigeria when the incident occurred, said his son’s attackers were not armed with guns. “They simply gained access to his house through the roof and strangulated him. As a family,…

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Again, Emirates Extends Suspension Of Flights To Nigeria

The Dubai, United Arab Emirates (UAE) flag carrier, Emirates, has further extended suspension of its flights to Nigeria till September 5, fueling uncertainty on resumption of travels between the two countries. The extension of flight cessation is coming despite the decision by the United Arab Emirates (UAE) to open its borders to welcome fully vaccinated tourists from all countries. Flights between both countries have been halted since March this year following diplomatic spat fueled by the COVID-19 protocols. Since then, efforts to reinstate the flights have not yielded results as…

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 NSE advances with N174bn gain

      The bulls maintained grip on stock market activities yesterday as stocks sustained rallies for eight  trading sessions following gains recorded by blue chip stocks as investors positioned to leverage on undervalued stocks.   The key market performance measures, the NSE All Share Index and market capitalisation, rose by 1.40 per cent as market sentiments extended gaining streaks following investors’ sustained optimism on undervalued stocks.   Consequently, the All-Share Index gained 334.06 basis points or 1.40 per cent to close at 24.143.37 as against 23.809.31 recorded the previous…

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Open Skies: ‘Why Nigerian carriers are at disadvantage’

      Despite the Open Skies’ policy otherwise known as the Single Africa Air Transport Market (SAATM), Nigerian carriers are at a very disadvantaged position, according to findings by New Telegraph.   SAATM is a project of the African Union to create a single market for air transport in Africa.   Once completely in force, the single market is supposed to allow significant freedom of air transport in Africa, advancing the AU’s Agenda 2063.   The inability of Nigerian carriers to compete coupled with fragmentation and weakness could throw…

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Analysts: No delivery of new retail mall in H1 2019

  Due to unfriendly economic climate, Nigeria did not record any delivery of new space in the formal retail market in the first half of 2019, Newfieldglobal has learnt.   According to the latest report by Broll Nigeria, although some projects are nearing completion in the core and secondary markets, they are yet to be delivered.   These  uncompleted projects, Broll analysts said  measured below 10,000 square metres (m²) and included the Landmark Retail Boulevard (approximately 6,000m²) and the Simbiat Ikeja Mall in Lagos state (4,900m²); Oshogbo Mall in Osun…

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Minimum wage: Disquiet over salary readjustment

Federal Government’s plan to readjust salaries of those earning above the new minimum wage appears to be dragging it back to the trenches against organised labour, Sunday Ojeme reports The dust raised by the long battle between Federal Government and organized labour over minimum wage may be far from being settled months after the wage increase had been signed into law. The latest swirl is unfolding over the planned salary readjustment of those currently earning above minimum wage based on the approved N30,000. Initial conflicts Although President Muhammadu Buhari, while…

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