₦airaland Forum

Elusive001:
Which company would not make profit after hiking their tariff prices in conniviance with the federal government?


https://www.thisdaylive.com/index.php/2025/01/21/in-bid-to-improve-services-ncc-approves-50-rise-in-telecoms-tariff/?amp

kettykin:
A whole MTN cannot make upto $100m profit in a quarter, how the mighty have fallen not even upto $1b revenue in a quater.

helinues:
Abeg is Terry Apala also an Igbo?

What's the issue with victims mentality self. How can chunk of people have such backwards mentality about issue.

The inferiority complex no be here oo. It's actually disgracing

Former Big Brother Naija star and media personality, Natacha ‘Tacha‘ Akide, has stirred conversations online after revealing she recently underwent cosmetic procedures, including lip fillers and Botox, to enhance her facial appearance.

Now based in London, Tacha shared a detailed video of her beauty transformation on social media, showing a medical professional injecting her lips, cheeks, and forehead to smooth out smile lines and facial creases. The reality star mentioned that the procedures were part of her desire to achieve a “Barbie” look.

In the clip, Tacha appeared relaxed throughout the process, later explaining to her fans that her face looked swollen due to the recent injections and would settle after a few days.

The video has since sparked mixed reactions, with fans and critics alike weighing in on her new look and decision to go under the needle. This comes shortly after Tacha made headlines for calling out Nigerians in the UK for allegedly snubbing her since her move abroad.

owobokiri:
Take this trash to the "Travel Section".. We talking politics here and Airpeace is not a political topic..
Looks one of Tilimgbu henchmen wants to start an airline... Una wan clear road for am?

helinues:
My observations about most of the airlines doing local flights in Nigeria is they like to delay a lot and when they do, they mostly try to cover high altitude just to save time.

Averagely local flight altitude should be around 25k altitude but they sometimes go 30k

helinues:
Experiencing turbulence is not something to worry about even though it can be scary. There is nothing you can do

Mrs. Esther Oseneboh who was onboard Air Peace Flight P47171 from Benin to Abuja on 25 April, 2025 on Sunday shared a terrifying experience during her journey to Abuja.

On April 2025, Oseneboh embarked on a journey back to Abuja after her visit for a state event only to experience her worst nightmare on flight P47171.

Severe turbulence led Air Peace Flight P47171 to suspend landing, according to the airline.

Air Peace Head of Communications, Dr. Ejike Ndiulo said the flight encountered turbulence as a result of adverse weather conditions.

The airline also highlighted severe thunderstorms during the flight.

However, in an emotional testimony on Sunday at the Assemblies of God Church International Worship Centre, Gwarinpa, covered by THE WHISTLER, the passenger recounted how the aircraft swung downwards and upwards erratically, like it was about to crash.

She narrated, “I am just like two person standing right now because I am not back to my real self- I am yet to recover. What I saw, I know I have gone through trials but on this particular incident, God showed himself.”

Mrs. Oseneboh said at some point, she had lost hope especially during the last spin.

A spin is a nose-down corkscrewing movement while the wings are stalled.

“I thought all was (over) because I was close to the window and I was seen everything- how the aircraft will go down and I thought it had already crashed,” she said.

“The final one was like everything was gone, I never thought… We were between life and death and I was thinking that it just crashed. But I always have faith and I told God that I settled the journey with him.

“I remember that our paster, Rev. Emeka Eze said no one will be lost. It was that little faith that held me. During the incident, I held the seat like I was holding onto Jesus and I was saying I will not die and nobody in this plane will.”

Air Peace has however explained that during the turbulence, its crew activated “appropriate safety protocols and held in a holding pattern until weather condition improved.”

THE WHISTLER understands that the aircraft landed without any injury from passengers.

Nigerian carrier, Air Peace, has clarified why its Benin to Abuja flight P47171 was delayed in the air on Friday. In a statement issued by the Head of Corporate Communications, Ejike Ndiulo, Air Peace Airline on Saturday stated that during the aircraft’s descent into Abuja, the flight encountered turbulence as a result of adverse weather conditions, including thunderstorms.

The statement further stressed that in line with global aviation safety standards,

“our crew activated appropriate safety protocols and held in a holding pattern until weather conditions improved.

”Social media users complained on Saturday that the aircraft hung in the air longer than necessary before landing.

The PUNCH understands that when an aircraft is held in a holding pattern, this means the plane was instructed to fly a specific course around a designated point while waiting for permission from the control tower to proceed with its planned route, approach, or landing.

This is often due to factors like traffic congestion at the given airport, weather delays, or other operational issues that could result in an incident or accident if the aircraft had landed against instructions.

In simpler terms, a holding pattern is a temporary waiting area for an aircraft in the air, allowing it to remain airborne while awaiting further instructions for landing.

The statement further stated, “We are pleased to confirm that the aircraft landed safely and the passengers disembarked normally. Air Peace is unwavering in its commitment to ensuring the highest standards of safety across all our operations.” Olasunkanmi Akinlotan

Traoré’s anti-democratic posture is not a blueprint for development — it is a calculated strategy to entrench military rule under the guise of a populist revolution.

What Traoré is selling is not a radical reimagining of governance. It is an age-old authoritarian tactic: discredit democracy, invoke national pride, and suppress dissent — all while consolidating power… Since assuming power through a 2022 coup, Traoré has suspended political parties, cracked down on the press, and muzzled civil society organisations. He claims these actions defend national sovereignty and promote a “popular, progressive revolution.”

Clad in fatigues and fluent in fiery rhetoric, Captain Ibrahim Traoré of Burkina Faso has emerged as a poster child of a new wave of African populism. To his supporters, he is a revolutionary — bold, youthful, and principled.

To the disillusioned youth across the continent, he offers a seductive promise: progress without the inconveniences of democracy. But behind the revolutionary slogans and Sankara-inspired aesthetics lies a far less romantic reality.

Traoré’s anti-democratic posture is not a blueprint for development — it is a calculated strategy to entrench military rule under the guise of a populist revolution. Let us be clear, Africa has every right to interrogate the forms and functions of democracy on the continent.

For decades, many African states have endured dysfunctional governance, hollow elections, and endemic corruption — even under democratically elected leaders. But that frustration must not be manipulated into legitimising authoritarianism.

What Traoré is selling is not a radical reimagining of governance. It is an age-old authoritarian tactic: discredit democracy, invoke national pride, and suppress dissent — all while consolidating power.

Since assuming power through a 2022 coup, Traoré has suspended political parties, cracked down on the press, and muzzled civil society organisations. He claims these actions defend national sovereignty and promote a “popular, progressive revolution.”

But there is little “popular” about a regime that stifles dissent and sidelines citizen participation. Beneath the rhetoric, his governance follows a familiar authoritarian script: glorify the military, delegitimise the opposition, and centralise authority.

His framing of democracy as a Western construct is both lazy and intellectually dishonest. Democracy is not a Western invention — it is a universal aspiration. It is not perfect — no system is — but it provides tools for accountability, the protection of rights, and peaceful transitions of power.

Traoré’s assertion that no country has developed under democracy ignores glaring counterexamples: India, Indonesia, Botswana, Mauritius, and even South Africa — imperfect democracies that have made tangible developmental progress.

Democracy is not the enemy of progress; bad leadership is. Traoré frequently cites China and Rwanda as models of authoritarian success. But cherry-picking these exceptions while ignoring the graveyard of failed autocracies is deeply misleading.

For every China, there are countless Zimbabwes, Sudans, and Libyas — nations brought to their knees by unchecked power. Even China’s economic gains have come at great human cost: widespread censorship, suppression of dissent, and the erosion of personal freedoms — trade-offs many Africans are neither willing nor ready to accept.

In truth, Traoré’s appeal is more symbolic than substantive. His military garb, rejection of Western aid, and Pan-Africanist slogans serve a performative function — designed to project the image of a revolutionary, while masking the repressive nature of his regime.

It is political theatre, expertly staged for a generation hungry for change but jaded by the failures of democracy. And let us not be fooled by his youth or populist flair. Africa has seen this movie before.

From Mobutu in Zaire to Mengistu in Ethiopia, the continent’s post-independence history is littered with military strongmen who promised renewal but delivered repression. They all began with charismatic appeals and revolutionary fervour.

They all ended with censorship, violence, and economic ruin. Traoré’s growing popularity among young Africans — many of whom have no memory of the brutality of past military regimes — is understandable, but dangerous.

Disillusionment with democracy should fuel reform, not nostalgia for dictatorship. Africa does not need another soldier-saviour. It needs strong institutions, functional systems, and an empowered citizenry — not one infantilised by authoritarian paternalism.

If[b] Captain Traoré is genuinely committed to African sovereignty and development, let him invest in institution-building. Let him empower an independent judiciary, uphold press freedom, invest in civic education, and be accountable to the people — not just through speeches, but through action.

Anything less is not leadership — it is manipulation. The truth is, democracy does not fail because it is un-African. It fails when it is hijacked by corrupt elites, undermined by weak institutions, and eroded by poverty and exclusion.[/b]

The solution is not to discard democracy — but to fix it, to deepen it, to make it real. That is the only sustainable path to development, dignity, and self-determination.

The global credit rating agency, Fitch Ratings, recently upgraded its credit rating of Nigeria to B. Fitch said that the economic reforms have improved policy credibility and reduced near-term risks to macroeconomic stability.

But on top of the reforms list are the Central Bank of Nigeria (CBN)’s greater formalisation of FX activity, monetary policy tightening through a combination of policy rate hikes, prudential and operational tools like the open market operations to strengthen monetary policy transmission after years of financial repression.

The positive Fitch Ratings on Nigeria’s economy did not come as a surprise to stakeholders who have been keenly watching key economic policies from the monetary and fiscal authorities.

From exchange rate unification to reduce arbitrage in the markets, introduction of an electronic FX matching platform and a new FX code to enhance transparency and efficiency in the market as well as deployment of monetary policy tightening to keep inflation in check, the CBN has demonstrated commitment to achieving sustainable economic growth and exchange rate stability.

Already, the latest Fitch rating moved Nigeria’s long-term foreign-currency issuer default rating (IDR) from negative to stable, meaning that the country stands a better chance of attracting foreign investment, borrowing money on international markets at better interest rates, and boosting investor confidence.

Fitch also applauded the government’s commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening, and steps to end deficit monetisation, as well as fuel subsidies removal.

“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” the London-based agency stated.

FX Code/ EFEMS implementation — no turning back

The CBN recently took strategic steps to enhance transparency and boost market confidence with the inauguration of the Nigeria Foreign Exchange Code (FX Code) in Abuja. The FX Code has so far ignited naira stability at both official and parallel markets.

CBN Governor Olayemi Cardoso recently launched the FX Code, emphasising integrity, fairness, transparency, and efficiency as critical pillars for driving Nigeria’s economic growth and stability.

He emphasised that the FX Code was built on six core principles: ethics, governance, execution, information sharing, risk management and compliance, as well as confirmation and settlement processes.

These principles, he explained, aligned with international standards while addressing the unique challenges within Nigeria’s foreign exchange market.

According to Cardoso, “The FX Code represents a decisive step forward, setting clear and enforceable standards for ethical conduct, transparency, and good governance in our foreign exchange market. The era of opaque practices is over. The FX Code marks a new era of compliance and accountability. Under the CBN Act 2007 and BOFIA Act 2020, violations will be met with penalties and administrative actions.”

Beyond the foreign exchange market, the FX Code forms part of the CBN’s renewed focus on compliance across the financial sector. Its six guiding principles, alongside 52 sub-principles, were designed to become the benchmark for conduct across all participating institutions.

Issued as a guideline for the foreign exchange market, the FX Code is backed by the authority of the CBN Act of 2007 and the Banks and Other Financial Institutions Act (BOFIA) of 2020.

These legislative instruments empower the CBN to establish and enforce directives regarding the standards financial institutions must follow in conducting foreign exchange business in Nigeria.

Besides the FX Code, the apex bank also introduced the Electronic Foreign Exchange Matching System (EFEMS), which has proven effective in other economies in enhancing the functionality of the foreign exchange market.

The EFEMS was meant to check forex market distortions, eliminate speculative activities and instil transparency. The EFEMS, which is commonplace in developed and developing markets, offers real-time information on currency rates, trading volumes, and market activity.

Orthodox monetary policy decisions paying off

In February, the apex bank retained its benchmark lending rate at 27.50 per cent, marking the first time it has opted to maintain the rate in almost three years.

CBN had been persistent in raising the lending rates since March 2022, when the rate stood at 11.5 per cent.

The Monetary Policy Committee (MPC) of the bank stated that its unanimous decision was influenced by recent macroeconomic developments, which it noted with satisfaction.

These include stability in the foreign exchange market, leading to an appreciation of the exchange rate, and the gradual moderation in petrol prices, both of which are expected to positively impact price dynamics in the near to medium term.

The benchmark rate is the standard interest rate set by central banks, used to guide lending rates and influence economic activities, inflation, and financial stability. The central bank also retained the asymmetric corridor around the MPR at +500 to -100 basis points.

Cardoso said the committee voted to retain the Cash Reserve Ratio (CRR) at 50 per cent for commercial banks, while maintaining the CRR of merchant banks at 16 per cent.

The committee also voted to retain the liquidity ratio at 30 per cent. The CBN has continued tightening monetary policy to curb inflation, implementing a series of interest rate hikes throughout 2024. These decisions were aimed at stabilising the economy amid persistent price pressures.

In 2024, the bank raised rates six times, delivering a cumulative increase of 875 basis points. “The committee highlighted the benefits of the improvements in the external sector to exchange rate stability, including the convergence of rates between the Nigerian foreign exchange market and the Bureau to change and urge the bank to relent, not to relent in its effort to boost market liquidity,” Cardoso said.

Fitch expects sustained macroeconomic stability

Fitch expects the macroeconomic policy stance to support the move to lower inflation and sustain improvements in the foreign exchange (FX) market’s operation, though it will likely remain much higher than rating peers.

It also expects “a continued reduction in external vulnerabilities through further easing of domestic FC supply constraints, while renewed energy sector reforms should help sustain current account surpluses”.

It added: “Greater formalisation of FX activity including the Central Bank of Nigeria’s (CBN) recent introduction of an electronic FX matching platform and a new FX code to enhance transparency and efficiency, along with monetary policy tightening, has led to a greater rise in FX liquidity and general stability in the FX market after a 40% depreciation in 2024, closing the spread between the official and parallel exchange rates.

“Net official FX inflows through the CBN and autonomous sources rose by about 89% in 4Q24, compared to an 8% rise in 4Q23. We expect continued formalisation of FX activity to support the exchange rate, although we anticipate modest depreciation in the short term.”

Reacting to the Fitch rating, Oladele Adeoye, chief rating officer at DataPro, a Nigerian credit rating agency, said it was a positive development “in all ways.”

Adeoye said it would boost investors’ confidence in Nigeria’s Eurobond as people would readily subscribe whenever it is issued.

“Good rating also implies lower cost of funds. Of course, there will be an inflow of foreign currency into the economy, and this will give further room for the CBN to support the local currency and strengthen the exchange rate,” he said.

Addressing how the government can improve on this, Adeoye said: “Nigeria must increase productivity that can boost exports and lower imports. This will enhance the external reserve and improve public finance.

“We need to continue to improve our revenue base, and this includes both oil and non-oil revenue.”

Chris Onalo, registrar/CEO, Nigeria Institute of Credit Administration (NICA) Chartered, the national body for credit management, said the Fitch rating “means a lot.”

He said he could not agree less with the agency’s rating. “It is solid, it is stable, it is progressing, and it has a future outlook,” Onalo said.

“The government should focus on expanding the economy. In other words, all-inclusive economic activities fix the infrastructural problem, because that will stimulate future ratings.

“It should also reduce the cost of doing business drastically. And then fix electricity and clamp down on the local insecurity, like the insurgency is becoming a thing of the past now, but pocket pickers, people that break into offices, and you can arrest that by creating avenues for jobs, wider job availability for people that are regarded as forgotten miscreants.”

He said the Fitch Ratings shows that the country has a stable outlook in terms of investment and has a positive effect on Nigeria’s foreign direct investments.

One of the major implications of the improved rating is that Nigeria may now be able to borrow at lower interest rates.

The Fitch Ratings is also expected to allow the federal government to finance projects more efficiently and manage its debt burden more effectively and further send a signal to the global community that Nigeria’s economy is on a more stable footing, which could in turn boost international confidence in the country’s financial environment.

Additionally, the new rating could offer Nigeria better access to international financial markets, thereby increasing funding options for both the public and private sectors.

Putindbutt:
That's a fact and he's supposed to be in jail.

The Federal Government has concluded plans to relaunch its Renewed Hope National Home-Grown School Feeding Programme (RH-NHGSFP) on May 29, 2025.

This was disclosed by the Minister of State for Humanitarian Affairs and Poverty Reduction, Dr Yusuf Sununu, during a meeting with development partners, NGOs and government officials on Wednesday, April 23, 2025, in Abuja.

The relaunch is coming against the background of the controversies and fraud allegations that had trailed the programme.

Sununu revealed that the relaunch would take place on May 29 as part of activities to mark President Bola Tinubu’s second year in office.
He said the programme aims to combat child hunger and improve educational outcomes across the country, adding that its holistic design includes the provision of daily nutritious meals using locally sourced ingredients to support both children’s health and local farming communities.

10 million children to benefit

The minister stated that the programme is expected to benefit 10 million children as well as potentially increase school enrolment by 20% and academic performance by 15% by 2025.
He said, “The initiative aims to benefit 10 million children and could increase school enrolment by 20 per cent and academic performance by 15 per cent by 2025.

“Our mission is to feed every public school pupil in Primary One to Three, nurturing their potential and building the nation’s future.’

The programme is also designed to reduce malnutrition, boost school retention rates, and contribute meaningfully to national development.
Sununu described it as a major step toward fighting hunger, malnutrition, and low school enrollment across the country.

He urged community ownership, active parental involvement, and training for cooks, while noting the programme’s potential to empower women and smallholder farmers.

The government also promised reforms, improved monitoring, and collaboration to guarantee sustainability and measurable impact.

N100 billion allocation in the 2025 budget

The National Programme Manager of RH-NHGSFP, Dr Aderemi Adebowale, described the programme as an investment in the nation’s future.

She said the aim extends beyond feeding — it also includes empowering women, youth, and farmers through inclusive and sustainable practices.

Adebowale revealed that N100 billion has been allocated in the 2025 budget to scale up reach and deepen community impact.

She said, “The updated RH-NHGSFP will provide daily meals to public primary pupils using food grown and sourced locally.’’

Adebowale disclosed new QR-coded supply chains and real-time tracking for better transparency, quality control, and accountability.

According to her, the programme will fully integrate women, youth, cooks, and farmers, offering targeted training and income opportunities.

She said, “Nutritionists, health professionals, and supervisors will monitor food quality and assess pupil health and programme outcomes.

“The focus remains on local sourcing, especially through women-led cooperatives, aiming to reduce rural poverty by 40 per cent.’’

She said collaboration with the National Identity Management Commission will ensure all beneficiaries are registered and tracked.

President Bola Ahmed Tinubu has authorized the recruitment of 5,000 new personnel into the Nigerian Correctional Service (NCoS) to address the longstanding issue of overcrowding in correctional facilities and enhance the service's operational capacity.

The approval, initially granted in August 2024, was delayed due to funding constraints but is now set to proceed with the inclusion of necessary budgetary allocations in the 2025 fiscal year.

Acting Comptroller General of the NCoS, Sylvester Nwakuche Ndidi, disclosed this development during a presentation to the House of Representatives Committee on Reformatory Institutions, chaired by Hon. Chinedu Ogar.

Ndidi emphasized that the recruitment process would commence promptly upon final approval from the Civil Defence, Correctional, Fire, and Immigration Services Board (CDCFIB).

The committee members expressed their concerns over the delay, highlighting the urgency of addressing the critical shortage of personnel in correctional facilities. Hon. Victor Ogene, a member of the committee, underscored the importance of transparency and timeliness in the recruitment process.

In addition to the recruitment initiative, the NCoS has outlined plans for modernization, including the implementation of advanced security systems, biometric scanners, CCTV surveillance, and the upgrading of training institutions to align with modern ICT standards. These efforts aim to create a safer and more efficient environment for both inmates and staff.

DesChyko:
So, Fubara is not governor for now but these guys are still House members for the same now, correct?

The thing about eating corn is, some of them can get in the way of your throat and make you cough stupidly.

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