Author: Chief Editor

A trade group representing rideshare and delivery companies such as Uber (UBER.N) and Lyft (LYFT.O) is asking President Joe Biden’s nominee to lead the U.S. Department of Labor, Julie Su, to explain her position on worker-classification rules. The Flex Association sent a letter to Biden on Monday asking that Su explain how she would implement a proposed rule that could make it easier for workers to be considered employees rather than independent contractors, or gig workers, in a “manner that protects independent work.” The group earlier this month said Su’s record is “troubling” and called for a “meticulous review” of her record in the…

U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector. UBS (UBSG.S) agreed to buy rival bank Credit Suisse (CSGN.S) on Sunday for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities. * In a global response not seen since the height of the pandemic, the Fed said it had joined central banks in Canada, England, Japan, the EU and Switzerland in a co-ordinated action to enhance market…

Crystal Palace sacked manager Patrick Vieira after 20 months in charge on Friday following the 1-0 defeat at Brighton & Hove Albion that left the south London club three points above the Premier League relegation zone. Palace are the only side in the league without a win in 2023, having drawn five and lost six of their games. Their last league victory came on Dec. 31, 2-0 at Bournemouth, and they are 12th on 27 points with 11 games to play. The club did not say who would replace Vieira but former club captain and current under-21s coach Paddy McCarthy…

Dana Air has taken delivery of some of its aircraft from maintenance facility. The airline in a statement, said it has received some of its aircraft from maintenance and would be introducing a flash sale of N45,000 for thosewho plan their trips early enough and book ahead on its website wwwflydanaiar.com. According to the statement, “We are pleased to announce that we have taken delivery of some of our aircraft from maintenance. These aircraft have undergone proper maintenance in line with our strict safety standards, documentation and certification to be released for ourscheduled flights. “Also, for customers who prefer to plan their trips…

Nigeria’s foremost carrier, Aero Contractors, has scored another first by introducing the latest technology for quick boarding process, known as Pro-Ranger Boarding Pass Mobile Scanners. The airline in a statement explained that mobile scanners would expedite the boarding procedures, “thereby enhancing On Time Departure (OTP) and the scanners would allow passenger data gathered at the check-in counter to be verified at the boarding gate, thus reducing time spent to board passengers and prevent passengers with invalid boarding pass access to the aircraft. “It will also enable production of valid and comprehensive passenger flight manifest in addition to enabling remote check-in…

The Chief Executive Officer, CFG Advisory, Mr. Tilewa Adebajo has cautioned the federal government against borrowing from the Central Bank of Nigeria (CBN). Following the proposed steps, which the federal government wants to take in refinancing the N23.7 trillion of the nation’s total debt, he proposed a resolution trust special purpose vehicle (SPV) backed by legislation within the Debt Management Office (DMO) act and framework as against securitising ways and means. Speaking yesterday as a guest on the Morning Show of ARISE NEWS Channel, the broadcast arm of THISDAY Newspapers, Adebajo also said the approval of the N1trillion to finance…

Besides charging Nigerian air travellers exorbitant fares, aviation experts have raised concern over foreign airlines’ inability to repatriate trapped funds in Nigeria, insisting that Nigeria has become a country with the highest amount of foreign airlines’ trapped funds while highlighting its implications. The implications according to them include the designation of Nigeria as a high-risk country in doing businesses related to aviation; the increase in insurance premium due to country risk and also the reluctance of lessors to lease aircraft to Nigerian carriers or to do so at very high cost. Experts believe Nigeria having the highest amount of the…

Born on the 25th of June, 1980, Apostle Joshua Selman Nimmak is a deep teacher of God’s word, and the founder of Koinonia (Eternity Network International). Apostle Joshua Selman hails from Langtang in Jos, Plateau state, Nigeria. He was however raised and schooled in Zaria, Kaduna State.He received an early calling to serve God and got born again as a child, during a Sunday School session. In his Secondary school days, God brought a mentor his way who helped him draft a quiet-time time table and also taught him the basics of Christian character. The supernatural manifestation of Gods power…

Amid the lingering naira scarcity and the attendant hardship on the citizens, the Arewa Consultative Forum (ACF) has faulted President Muhammadu Buhari for allegedly disobeying the Supreme Court judgment ordering the recirculation of the old naira notes till December 31, 2023. The northern socio-political group described the president’s action as a damage to his credentials as a democrat and a stickler for the rule of law.In a statement issued by its Secretary General, Murtala Aliyu, yesterday, the ACF lamented that the naira redesign policy had led to runaway inflation in food and other commodities. The group said, “Whatever the Central…

*Says Rivers governor’s grouse not about southern presidency *Commends moves to secure US, UK visa ban against governor Presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, yesterday, said comments by Rivers State Governor Nyesom Wike that he was sipping a 40-year-old whisky while watching him, and others protest on national television confirmed that Wike spoke under the influence of alcohol.In a statement by his Special Assistant on Public Communication, Mr. Phrank Shaibu, Atiku, cautioned Wike to stay off alcohol, as it had not only affected his voice and demeanour but also his thinking faculty. Atiku claimed the governor’s grouse…