The Journal

Economy

Airport Concession and Labour’s Antics Against Private Sector Participation

Oche Samson5 years ago5 years ago010 mins

The federal government has announced plans to concession Nigeria’s four major airports. These airports include; Murtala Muhammed International Airport Lagos (MMIA), Nnamdi Azikiwe International Airport Abuja (NAIA), Mallam Aminu International Airport Kano (MAKIA) and Port Harcourt International Airport (PHIA). Recently, Hadi Sirika, Minister of Aviation received the Outline Business Case Certificate of Compliance for…

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Nation

UAE vs. Nigeria: Rumpus in Aviation Ties Continues

Esther Ijiola5 years ago5 years ago05 mins

It seems the emergence of COVID 19 came with the persistent rift in aviation relationship between the United Arab Emirates (UAE) and Nigeria. Recently, the UAE reversed a travel ban on Nigeria, India and South Africa barring flights to and from the cities of Lagos and Abuja commencing from 21st of June. The UAE had previously…

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N81b Damages: Will it Open Floodgates of Litigations from Oil Communities?

Olaosebikan Omolayo5 years ago5 years ago07 mins

An Abuja federal high court on Monday 21 June 2021 ordered oil giant, ExxonMobil and the Nigerian National Petroleum Corporation (NNPC), its Joint venture partner to pay a cumulative sum of N81.9 billion to Ibeno communities in Akwa Ibom as damages for oil spillage. This amount, according to the presiding judge, Justice Taiwo Taiwo must…

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Euro 2020: The Stakes Get Higher As Teams Reach Knockout Stage

Gbenga Adeosun5 years ago5 years ago010 mins

With the group stage completed, the much-awaited Euro 2020 has lived up to its billing so far; offering undiluted excitement and rambunctious entertainment for spectators within Europe and beyond. Even operators of soccer viewing centres in developing countries like Nigeria are smiling to the bank as each match draws a full house. The soccer…

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Visa Lottery: America’s Cast-Iron Immigration Policies Towards Africa

Anthony Nwakaegho5 years ago5 years ago07 mins

The statement said, “The US Mission to Nigeria is aware of websites and messages advertising the U.S. visa lottery. All of these sites are FAKE! The only accurate information on the visa lottery is available at ng.usembassy.gov and travel.state.gov. Addresses with .gov are the only accurate source of visa information.’’. The Immigration Act of 1990 established the Diversity…

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Critical Conversations

How to Boost Nigeria’s Dairy Industry – Adeleye Julius

Rotimi Asher5 years ago5 years ago010 mins

In 2016, the ban on the provision of foreign exchange for milk importation by the Central Bank of Nigeria (CBN) led to the closure of many dairy firms, especially those producing Yoghurt. Many players could not get enough milk which is the major raw material for their products. In spite of this challenge, one man…

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A Massive Drop in Internet Subscription in Nigeria

Godwin Anyebe5 years ago5 years ago04 mins

The latest data from the national bureau of statistics show that Nigeria’s active internet subscribers dropped by a whopping 6% to 111.9 million in Q1 2021, from the 154.3 million in Q4, 2020. Pooling data from the Nigerian Communications Commission (NCC), Intelligence by Techpoint also reveals that Nigeria lost 15.5 million subscribers between December 2020…

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Rising Inflation and the Threats to Nigeria’s Food Security

Esther Ijiola5 years ago5 years ago05 mins

According to data released recently by the National Bureau of Statistics (NBS), the Consumer Price Index (CPI), which measures inflation, grew by 17.93% (year-on-year) in the fifth month of 2021, The cost of almost all foodstuffs is gradually rising at an alarming rate on a daily basis. This might have a significant and disastrous impact on low-income…

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Moving 10m Out of Poverty in 2021 – How Sustainable?

Olaosebikan Omolayo5 years ago5 years ago06 mins

The World Bank has predicted that Nigeria is heading into its worst recession in 40 years. It also projects that the Nigerian economy will shrink between 3.2% and 7.4% in 2021. According to the report, 89 million (43%) Nigerians live below the poverty line while another 53 million (25%) are vulnerable. The organisation, while presenting…

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LNG Train 7: Flying On the Wings of Gas

Olaosebikan Omolayo5 years ago5 years ago06 mins

The Nigeria LNG Limited (NLNG) is one of the most important economic projects that the Nigerian government has undertaken in recent years. The Train 7 project which is ongoing at present, involves the construction of a 614km gas pipeline. The pipeline from Ajaokuta to Kano will run through several communities thereby creating jobs along the way during the…

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