Economy

Sit-At-Home: Ohanaeze urges South-East residents to go back to schools, business

Sit-At-Home: Ohanaeze urges South-East residents to go back to schools, business

The President-General of Ohanaeze Ndigbo, Amb. Professor George Obiozor has urged residents of the South East region to go about their normal businesses every Monday of the week because the era of Monday’s sit at home is gone. Obiozor encouraged all the schools in the South East to commence their usual academic activities without any fear of molestation. Ohanaeze Ndigbo Speaking, he said, “The transporters and traders that come to the South East of Nigeria from all parts of the country and the Cameroons are also advised to feel free to come and transact their businesses. “This is because the…
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Facebook changes name to ‘Meta’

Facebook changes name to ‘Meta’

Social media giant, Facebook has changed its name to Meta. Facebook made the statement on its official social media pages. According to Facebook chief, Mark Zuckerberg, the parent company’s name is being changed to “Meta” to represent a future beyond just its troubled social network. Speaking during the annual developer conference, he said, “We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter. “The metaverse is the next evolution of social connection. It’s a collective project that will be…
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N30,000 minimum wage no longer takes Nigerian workers home – NLC

N30,000 minimum wage no longer takes Nigerian workers home – NLC

Comrade Ben Ukpepi, the Nigeria Labour Congress (NLC) chairman in Cross River State, on Thursday, said that the take-home N30,000 national minimum wage no longer takes Nigerian workers home. Ukpepi disclosed this while commemorating the 2021 International Day for Decent Working Environment in Calabar. The 2021 Day has “Just Jobs” as its theme, NAN reports. Ukpepi explained that it was obvious that the workforce in Nigeria was working in environments that were deficient in indecency, adding that something needed to be done. He said, “Today in Cross River, we are marking the World Decent Work Day as a result of…
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Aero Contractors takes delivery of two Airbus 320

Aero Contractors takes delivery of two Airbus 320

The Aero Contractors, Nigeria’s oldest aviation company, yesterday took delivery of two Airbus 320 from Heston airline based in Lithuania. The two aircraft touchdown the runway of Nnamdi Azikiwe International Airport (NAIA), Abuja, yesterday afternoon and was immediately received at the airport by the Managing Director of the Aero Contractors, Capt. Abdullahi Mahmood, along with other senior executives of the airline. Mahmood while speaking to the press at the sidelines of the event said: “We are pleased to secure the two aircraft through House of Five A’s, which will boost our fleet and give us the much-needed capacity to serve…
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GIGG Condemns FG’s Plan To Borrow Additional N2trn

GIGG Condemns FG’s Plan To Borrow Additional N2trn

The  Global Initiatives for Good Governance (GIGG) has condemned the plan by the Federal Government to borrow an additional N2 trillion from China. The group in a statement by its Director-General, Dr Emeka Kalu said that the plan by the government would further push the country into more debts without proper use of the previous ones borrowed by the government. The statement further hinted that the level of borrowing by the government was not ideal in a modern society where fiscal federalism should have been given a viable opportunity to thrive. Kalu insisted that further application for borrowing was a…
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