After failing to find the long-term finance required to help it recover from a rocket failure in January, Virgin Orbit Holdings, the satellite launch firm owned by Richard Branson, filed for Chapter 11 bankruptcy on Tuesday. After announcing the layoffs of around 85% of its 750 workers last week, the Long Beach, California-based firm filed Read More…
Month: April 2023
Emeka Izeze heads new Nigerian Media Ombudsman
To increase public trust in the media, the Nigerian media on Monday launched a nine-member board of the National Media Complaints Commission (NMCC), also known as the National Ombudsman. The Nigeria Press Organisation (NPO) launched the commission in Ikeja, Lagos. The NPO is made up of the Nigerian Guild of Editors (NGE), Nigeria Union of Read More…
Airlines worry Africa’s expansion may be hampered by blocked funds
Global airlines warned on Monday that concerns over blocked airline funds in Africa, especially in Nigeria, and abroad might lead to service disruptions if efforts to unfreeze money owed did not progress. The International Air Transport Association (IATA) said in a briefing on the launch of an effort to enhance African aviation that some $1.6 Read More…
Court rejects police officer’s “no-case” submission in Lagos lawyer’s murder
A Lagos High Court has denied a “no-case” petition submitted by ASP Drambi Vandi, who reportedly shot and killed a Lagos lawyer, Mrs Omobolanle Raheem, on December 25, 2022. Vandi submitted his “no-case” motion on Feb. 28, asking the court to dismiss the charge against him. Mr Gbenro Gbadamosi, his attorney, had previously contended that Read More…
Portable charged with assaulting a police officer in Ogun
28-year-old musician Badmus Okikiola, aka Portable, was charged by the police in Ogun on Monday with assaulting a police inspector while performing his duties. Okikiola, whose residence was omitted, was accused of assault and resisting arrest by the Police.The defendant and other suspects, who are still at large, are accused of committing the crime on Read More…
Oladipo Diya: The man who rode on a tiger’s back
In the rascally days of the military, when generals were wedded to coups, a military officer arose in their ranks called Oladipo Donaldson Oyeyinka Diya. He was unknown to the public until January 1984 when the coup plotters led by General Muhammadu Buhari, who had overthrown the Shagari administration, announced him as the Military Governor Read More…
Finland joins NATO on Tuesday
Finland will join NATO on Tuesday, completing the Nordic country’s quick entry into the military alliance following Russia’s invasion of Ukraine, authorities said. Finland has a 1,300-kilometer (810-mile) border with Russia, which means NATO’s border with Russia would approximately quadruple in length, prompting Moscow to commit to strengthening its military in border regions. “Tomorrow we Read More…
Selling LASU bread as only bread on campus is a violation – FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over Lagos State University’s (LASU) proposal to offer exclusively, bread baked on campus. Mr Babatunde Irukera, Executive Vice Chairman of the FCCPC, stated on his official Twitter handle @TundeIrukera that the act is a probable breach of competition law. According to Irukera, restricting competition Read More…
FG to equip Lagos, Kano, Abuja airports with N12bn firetrucks
Recently purchased N12 billion fire fighting trucks would be sent to the Murtala Muhammed Airport in Lagos, Nnamdi Azikiwe International Airport in Abuja, and Malam Aminu Kano International Airport in Kano by the Federal Government. Sen. Hadi Sirika, Minister of Aviation, announced this as he handed the eight firefighting trucks to the Federal Airport Authority Read More…
Lagos market leaders advise traders’ associations against arbitrary price fixing
A NAN FEATURE Market leaders in Lagos State have cautioned traders’ associations not to impose uniform prices on their goods or engage in other unfair practices. On Monday, several market leaders issued the warning in separate interviews with the News Agency of Nigeria (NAN) in Lagos. They were reacting to concerns that traders’ associations unfairly Read More…