ABCON: Naira’ll settle at N375 per dollar

Against the background of the naira’s recent bout of weakness, the Association of Bureaux De Change Owners of Nigeria (ABCON) has said it is optimistic the local currency will soon settle at around N370- N375 per dollar on the parallel market. ABCON President, Alhaji Aminu Gwadabe, disclosed this will speaking on a Channels TV business programme monitored in Lagos yesterday. He hinged his optimism on the series of forex measures introduced by the Central Bank of Nigeria (CBN) last week, which, according to him, have effectively addressed the naira’s recent…

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Troops kill 21 Boko Haram suspects, rescue 1623 in Borno – Army

News(foto: nija -file)    The Nigerian Army Monday night, said 21 suspected Boko Haram elements were killed in a fierce gun battle with troops of Operation Lafiya Dole operating in Borno State.  The Army, in a statement by its spokesman, Brigadier-General Sani Usman, added that the troops also rescued a total of 1, 623 people from the captivity of the insurgents. According to Usman, the rescued captives were residents of Jawara in Kala Balge Local Government Area of Borno State.  Usman confessed that the fighting troops had come under “heavy…

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Defamation: I’ll meet Amaechi in court – Fani-Kayode

  Former Minister of Aviation, Chief Femi Fani-Kayode said he was not in anyway disturbed by the threat by the Minister of Transportation, Rotimi Chibuike Amaechi to sue for defamation in connection with the unclaimed $43 million discovered by the Economic and Financial Crimes Commission (EFCC) in Lagos. Fani-Kayode had alleged that Amaechi, former governor of Rivers State, was the owner of the money. In a statement Monday by his Special Adviser (media) Jude Ndukwe, ‎the former Aviation minister said he was not losing sleep over Amaechi’s threat to drag…

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Taxi driver dies in Ogun road crash

A yet to be identified commercial driver lost his life on Monday as three vehicles crashed in Abeokuta, the Ogun State capital. The accident, which occurred around Muda Lawal Stadium, Asero area of Abeokuta at 2:05pm, also left five other persons injured. The three cars involved in the mishap were a Nissan Micra taxi with number plate Ogun SGM 918 XA, Honda Accord with registration number Lagos EKY 191 XA and a Nissan taxi marked Ogun AYE 814 XA. Eye witnesses said the incident happened after the Honda Accord suffered…

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Ethiopian Airways first plane to land in Abuja, as airport opens Tuesday

NAMA to calibrate 7 aerodromes  The Nigerian Airspace Management Agency (NAMA) will on Tuesday begin the calibration of the Nnamdi Azikiwe Airport, Abuja in readiness for resumption of flight operations, according to its Managing Director, Capt. Fola Akinkuotu.  The resumption of flights Tuesday will come ahead of the deadline originally scheduled for Wednesday. This is coming as Ethiopian Airways flight will be the first airline to land on the rehabilitated N5.5billion runway. The airline’s aircraft is slated to arrive at 11am Tuesday. The carrier was the only one that operated…

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Abuja airport: Experts seek new model for second runway

Airport opens flight operations tonight   As the Federal Government plans to re-open the N5.5 billion rehabilitated Abuja airport runway tomorrow, experts have called for the speedy construction of a second runway for the aerodrome to forestall a re-occurrence of the shutdown of the sole facility last month. Aviation consultant and a former Commandant, Murtala Muhammed Airport, Lagos, Group Capt John Ojikutu (Rtd), in a chat with New Telegraph, said emergency should be declared in building the second runway. He noted that security and safety in the aviation sector are…

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Boeing to lay off hundreds more engineers

  Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit, according to a source and a memo seen by Reuters. The latest job cuts followed a prior involuntary reduction of 245 workers set for May 19 as the company responded to increasing competition and slowing aircraft sales. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing Commercial Airplanes. “We are moving forward…

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