Central Bank of Nigeria’s plan to rein in inflation that’s a at five-and-a-half-year highmay prove to be even more difficult after diesel prices tripled in June and show little signs of relenting. Average diesel prices increased 203% from a year earlier in June to 733.8 naira ($1.74) a liter, according to data published by the National Bureau of Statistics on Wednesday. That’s the highest level since at least June 2016, its data shows. Diesel prices have risen further to 780 naira a liter this month. The statistic office does a monthly survey of fuel prices that are deregulated and used…

PRESS RELEASE Nigerian Civil Aviation Authority (NCAA) has suspended Dana Airlines' Air Transport Licence (ATL) and Air Operator Certificate (AOC) indefinitely, with effect from midnight of Wednesday, 20th July, 2022. The suspension was made pursuant to Section 35(2), 3(b) and (4) of the Civil Aviation Act, 2006 and Part 1.3.3.3(a)(1) of the Nigeria Civil Aviation Regulations (Nig.CARs), 2015. The suspension order, handed down by the Director General, Musa Nuhu, has since been communicated to the management of Dana Airlines. The decision is the outcome of a financial and economic health audit carried out on the Airline by the Authority, and…

Workers under the aegis of the Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) on Wednesday picketed MTN Nigeria PLC plaza in Falomo, Lagos to drive home some demands.They held placards with inscriptions such as “Workers Rights are Human Rights”; “Unionism is a Right and not a Privilege”, and chanted solidarity songs. Some of the union’s grievances include MTN’s alleged resistance to workers’ right to freedom of association, freedom to organise and collective bargaining. The union also accused MTN of paying exit packages to its management staff but refusing to do the same to the lower cadre. PTECSSAN’s…

Boy, were we ever wrong. I'm sorry to report that for years now we've been misleading our kids, as well as the young adults who work for us, about certain attitudes, ideas and life skills we've assumed were effective and reliable, and written, like gospel, in stone. But decades of non-stop, self-congratulatory conferences, unending TED and TEDx lectures, the entrepreneurial liturgy, the adulatory business press and, of course, celebratory films, TV shows and other media have led all of us - employers, parents and kids - woefully astray. Or maybe it's just that the world has changed so quickly and…