statistics
In 2024, more music is released in a day than in all of 1989 combined
As more music is being made than ever before, the music industry economy is rapidly changing. In 2024, More Music Is Released in a Day Than in All of 1989 Combined Jo Vito
Nigerian airlines list conditions for full refund to passengers after two-hour flight delay
Following the pronouncement of the Federal Government that airline operators must refund the full cost of travel tickets to passengers after a two-hour delay, commercial airlines have listed the conditions for such reimbursement. The airline operators made this known in separate interviews with newsmen. The Minister of Aviation, Hadi Sirika, had, on Thursday at the weekly State House briefing in Aso Villa, Abuja, read out some of the rights of air passengers as enshrined in Part 19 of the Consumer Protection Regulations of the Nigerian Civil Aviation Regulations (2015) and charged them to demand their rights whenever they were being trampled upon by airlines. “On domestic flights, for delay beyond one hour, carrier should provide refreshment, and one telephone call, or one SMS, or one e-ma...
Lago governor appoints new LASPPPA chief
Gov. Babajide Sanwo-Olu of Lagos State has appointed Kehinde Osinaike as the General Manager of the Lagos State Physical Planning Permit Authority (LASPPPA). Osinaike’s appointment contained in a letter LGS/HOS/178/Vol.X/30 issued on Friday by the Head of Service, Mr Hakeem Muri-Okunola, takes immediate effect. Muri-Okunola said the appointment was in cognisance of his impressive track records. According to him, Sonaike succeeds the former General Manager of the authority, Funmi Osifuye, upon retirement. Muri-Okunola urged the new general manager to continue to justify the confidence reposed on him by the governor. He charged the new head of LASPPPA to bring his wealth of experience to bear in the delivery on the authority’s mandate. Prior to his appointment, Osinaike was a Special Assista...
Nigeria’s inflation drops to 17.93 percent
The Consumer Price Index (CPI) which measures inflation dropped to 17.93 per cent (year-on-year) in May compared to 18.12 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The 0.19 per cent decline in the headline index, makes it the second consecutive month that the rate had sustained its downward trajectory after 18 months of inflationary pressures on the economy. According to the CPI figures for May which was released by the statistical agency Tuesday, food inflation dropped to 22.28 per cent from 22.72 per cent in April. Price moderation was recorded in bread, cereals, milk, cheese, eggs, fish, soft drinks, coffee, tea and cocoa, fruits, meat, oils and fats and vegetables. On month-on-month basis, the food sub-index declined to 1.05 per cent in May ...
EFCC: Top government officials involved in illicit financial flows
The Economic and Financial Crimes Commission (EFCC), has accused Nigerian leaders and top government officials of aiding the Illicit Financial Flows (IFF) activities in the country. The EFCC also revealed that corrupt government officials and their private sector collaborators used fronts and ownership structures that do not provide sufficient information about the true identities of the natural persons behind the title to hide illicit money and transferred same to safe havens abroad. The Executive Chairman of the EFCC, Mr. Abduralsheed Bawa, disclosed this during a one-day conference that was organised by the Civil Society Legislative Advocacy Centre (CSLAC) on IFF on Corruption in Arbitration in Abuja Bawa, who was represented by the Head of Research Unit, Department of Policy Research a...
Nigerian government determined to eradicate poverty, unemployment – minister
The federal government has reiterated its determination to eradicate poverty as well as tackling unemployment in the country to the barest minimum, saying its many programmes designed to tackle the issues have had tremendous success. The government said the alarming rate of out-of-school children witnessed some years ago had considerably reduced due mainly to some of its initiatives, among which it said, was the National Home Grown School Feeding Programme. The government’s position came as it inaugurated an expanded committee on National Home Grown School Feeding Programme with a task on members to make meaningful contributions to stamp the problems out of the country. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, speaking at the event i...
House asks federal government to suspend upcoming census exercise
Following the ravaging insecurity in the country, the House of Representatives yesterday called on the federal government to suspend the upcoming census exercise until security improved. The House also said it will be counter-productive and a waste of scarce financial resources to conduct such exercise amidst the economic recession. The call was made on the heel of a motion under matters of urgent public importance titled “Call on the federal government of Nigeria to Suspend the Proposed 2021 Population and Housing Census to be conducted by the National Population Commission” sponsored by Shelia Barwa Bell. Moving the motion, Bell said that the state of insecurity would not guarantee accuracy if the census was conducted now, arguing that many Nigerians have fled their homes and villages. H...
Cross River agency chief calls for legislation to back labour migration
The director-general, Cross River Migration Control Agency, Prince Michael Nku Abuo, has called for enactment of a legislation to back labour migration in order to engender national development. Abuo made the call at the Cross River State Migration Summit held in Calabar, the state capital on Saturday. The DG, who also represented the state governor, Prof. Ben Ayade, at the summit, pointed out that several solutions by both federal and state governments have been given to address the issue of unemployment in order to curb the challenge, but the way forward is to tackle the menace was through labour migration. According to him, Cross River Migration Control Agency was exploring and advancing for opportunities for citizens of the State who are at home and in the Diaspora under a work study p...
Red Cross condemns ‘horrific’ sexual violence in Ethiopia’s Tigray
The Red Cross voiced alarm Thursday over “horrific” accounts of sexual violence in Ethiopia’s conflict-hit Tigray region, amid fears that rape was being used as a weapon of war. Robert Mardini, director-general of the Geneva-based International Committee of the Red Cross, said the organisation’s staff in hospitals and clinics in the region were hearing first-hand of extreme sexual violence. “Those reports are extremely horrific, very shocking,” he told AFP in an interview, adding that this was a “matter of grave concern”. “I haven’t heard such terrible accounts for more than two decades in the humanitarian sector,” said Mardini, who among other things closely followed the civil wars in Syria and Yemen when he headed ICRC’s Near and Middle East division from 2012 to 2018. “Many of my humani...
Eight killed in mass shooting at Indianapolis FedEx facility
At least eight people were dead after a shooting at the FedEx Ground Plainfield Operations Centre in Indianapolis, Indiana, late on Thursday, according to police. The gunman reportedly took his own life after firing indiscriminately. Eight of those who were shot died on the scene, while some others were hospitalised with injuries, according to Indianapolis Metropolitan Police Department (IMPD) spokesperson Genae Cook. She told reporters that the motive for the killing was unclear, and that IMPD would work with the Indiana State Police to investigate the shooting. IMPD homicide detectives responded to the scene and began their investigation. A FedEx statement indicated that staff members were among the victims. “We are deeply shocked and saddened by the loss of our team members following th...
Minister: Nigerian government worried about rising unemployment rate
Minister of Interior, Ogbeni Rauf Aregbesola, has said the federal government is worried over the rising unemployment rate in the country. Speaking at the 2nd Shakeholders’ Meeting on Expatriate Quota Administration organized by the Citizenship and Business Department of the Ministry of Interior, the Minister said: “Anyone that is not worried about the unemployment rate in the country is not a patriot.” He lamented that the unemployment rate of 33 per cent released by the National Bureau of Statistics was indeed worrisome and a wake up call that something urgently needed to be done to keep Nigerians employed and drastically reduce the unemployment rate. The Minister, who called on all stakeholders at the meeting to ensure quality inputs were brought to the table that will lead to the produ...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...