December 6, 2019

Global Passenger Traffic Rises By 3.4% Ahead Of Peak Season

The International Air Transport Association (IATA) yesterday announced global passenger traffic data for October 2019, showing that demand climbed 3.4 per cent compared to the year-ago period. This was a modest slowdown from 3.9 percent growth recorded in September, owing to softer traffic performance in domestic markets. October capacity increased by 2.2 per cent and load factor climbed 0.9 percentage point to 82.0 per cent, which was a record for October.

IATA’s Director General and Chief Executive Officer (CEO), Alexandre de Juniac, noted that traffic growth continued to be depressed compared to historical long-term growth levels, reflecting continued moderating …

Nigeria May Miss SDG On Healthcare, Says Soludo

LAPO advocates increased budget for sector

Former governor, Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, has said that if the Federal Government does not initiate good reforms, the country may miss out on the Sustainable Development Goal (SDG) on healthcare. Soludo spoke at the 26th Annual Lift Above Poverty Organisation (LAPO) Development Forum themed ‘The Nigerian Healthcare Situation: The Way Forward’ in Abuja.

According to him, tackling healthcare challenges in the country requires decisive and comprehensive war on poverty, inequality, illiteracy or poor public health education, nutrition, water and sanitation, as well as provision of adequate and accessible …

Atiku

Atiku Accuses States Of Posing Greatest Threat To Education

• Na’Abba tasks FG on reforms, revival of sector

Former Vice President Atiku Abubakar yesterday accused state governments of posing the “greatest threat to education as they divert funds allocated for the development of the sector.”Speaking at a public hearing on the bills establishing Modibo Adamawa University Yola, Adamawa and the Federal University of Agriculture and Technology Funtua, Katsina State at the National Assembly complex in Abuja, he urged the Senate to immediately enact a law to penalise erring states. He alleged: “There is a threat in the sense that monies being given to states to develop education are …

Ignatius Kaigama Assumes Duty As Abuja Catholic Archbishop

The newly appointed Archbishop of the Abuja Catholic Archdiocese, Ignatius Kaigama, has formally assumed office as substantive Archbishop after taking over from John Cardinal Onaiyekan who retired on the attainment of the mandatory 75 years of age. The event was held at the Cathedral of the Twelve Apostles, popularly known as the Papal Ground, Kubwa in Abuja.

In his goodwill message, Pope Francis said that Archbishop Kaigama’s appointment was based on merit having been found capable of holding the exalted position. Francis, whose message was read by Papal Nuncio to Nigeria, Most Rev. Antonio Filipazzi, said Kaigama possesses all the …

DSS

Breaking: DSS Releases Sowore

The Department of State Services (DSS) has released the convener of #RevolutionNow Movement, Omoyele Sowore.

Sowore was released after a federal high court in Abuja gave Nigeria’s secret police  a 24-hour ultimatum.

The court also awarded N100,000 against the prosecution for failing to comply with court orders requesting the release of Sowore and for not serving the defense counsel with necessary documents early enough.

The penalty, Justice Ijeoma Ojukwu said, must be paid to the defendants before the commencement of trial. The judge consequently adjourned hearing till Friday.

Read Also: Nigeria Militants Kidnap 14, Including 2 Red Cross Workers

Ministry Warns Gusau Against Disobeying Board Decisions

The Ministry of Youth and Sports yesterday warned factional leader of the Athletics Federation of Nigeria (AFN), Ibrahim Shehu Gusau against disobeying the decisions of the board, which suspended him during its December 3, 2019 general meeting in Abuja.
Eight members of the AFN board had in Abuja suspended Gusau from his position as the president of the body and elected his erstwhile vice, Olamide George as its acting president.

But Gusau and a group loyal to him held another meeting in Awka a day later, where the former federal legislator was reaffirmed as the AFN boss.The Awka meeting also …

Police, Land-grabbers Clash In Ogun, 10 Arrested

Men of the Ogun State Police Command and some suspected land-grabbers clashed on Wednesday at Ewujomo village, via Igbosoro, Ogijo, in the Sagamu Local Government Area of the state.

The suspected land-grabbers had invaded Ewujomo and reportedly unleashed terror on the residents of the area over a disputed land but, were chased away by policemen attached to the Ogijo Police Station.

The Police Public Relations Officer in the state, Abimbola Oyeyemi, confirmed the clash in a statement.

Oyeyemi said 10 members of the land-grabbing syndicate were arrested by the police, adding that the suspects specialised in unleashing terror on innocent …

Ekiti Varsity Sacks 600 Over Illegal Appointment, Others

Ekiti State University, Ado-Ekiti, on Thursday said it has sacked over 600 members of staff over alleged irregular employment, overage and sundry other allegations.

The Vice-Chancellor, Prof. Edward Olanipekun, said the decision of the university council followed adoption on Thursday of the audit report carried out by a group of external auditors.

Olanipekun, who addressed journalists on resolution of the council meeting in Ado-Ekiti, said the sacking would save about N200m for the university monthly.

He said that the general staff audit “was sequel to the findings in the Report of the Visitation Panel as accepted by the Government White …

NNPC: Fuel Supply Not Affected Despite Lagos Pipeline Fire

The Nigerian National Petroleum Corporation (NNPC) on Thursday reported an oil pipeline fire outbreak along Atlas Cove-Mosimi Pipeline, part of the System 2B pipeline in Baruwa Swamp area of Lagos. The corporation said preliminary reports of the incident indicated that the fire outbreak might have been caused by an act of vandalism by suspected oil thieves. The corporation, in conjunction with the Lagos State Government, has contained the fire and repair works have commenced which will lead to speedy restoration of the pipeline operations.

Read Also: Nigeria Militants Kidnap 14, Including 2 Red Cross Workers

The corporation confirmed that …

Stock Market Loses ₦12 Billion

Losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell 12.0bn to ₦12.9trn at the close of trading on the floor of the Nigerian Stock Exchange (NSE) yesterday. Consequently, the development dragged the All-Share Index (ASI) down 9bps to 26,913.70 points while year to date (YTD) loss worsened to -14.4%.

Activity level strengthened as volume and value traded rose 83.1% and 164.2% to 206.7m units and N2.8bn respectively. The top traded stocks by volume were UACN (40.2m units), ACCESS (28.3m units) and GUARANTY (27.7m units) while GUARANTY (N837.7m), ZENITH (N484.6m) and NIGERIAN BREWERIES (N435.3m) led …