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South African Airways (SAA) has received a further 5 billion rand ($346 million) from the Department of Public Enterprises to help make severance payments to laid-off staff as part of its rescue plan, administrators of the plan said on Tuesday.
Ex-Skye Bank chair Tunde Ayeni accuses Captain Okunbo of stealing, criminal diversion of millions...
A former chairman of the defunct Skye Bank (now Polaris Bank), Mr Tunde Ayeni, has dragged his business partner, Captain Hosa Okunbo, to the Economic and Financial Crimes Commission (EFCC) for alleged mismanagement, stealing and diversion of funds from their company – Ocean Marine Security Limited. In the petition written by his counsel, Mr Femi Fálànà (SAN), Ayeni gave a vivid account of how Okunbo tried to scheme him out of the company.
The Kano State Agricultural and Rural Development Agency (KNARDA) has urged Sasakawa Africa Association (SAA) to support the state towards the training of extension workers and provision of mini farming implements to encourage agricultural productivity.
A suicide bomber killed five villagers in the far north of Cameroon, near the border with Nigeria, where jihadist groups regularly carry out attacks, local officials said Sunday.
Cameroon’s veteran leader, Paul Biya, on Monday, announced the country first regional elections in December, including in two western regions in the grip of a revolt by the anglophone minority.
Ethiopian Airlines is in talks over possible involvement in the rescue of flagship carrier South African Airways (SAA), the head of the airline told Reuters on Friday.
Global soccer body FIFA has said there is no reason for Swiss authorities to launch criminal proceedings against its president Gianni Infantino who will continue in his role as normal.
Chieftain of the All Progressives Congress (APC) in Edo state, Captain (Dr) Idahosa Wells Okunbo (JP), has written an open letter to President Muhammadu Buhari over Governor Godwin Obaseki.
South African Airways (SAA) creditors approved a rescue plan for the struggling airline on Tuesday that requires at least 10 billion rand ($596 million) in new funding, throwing the ball into the government’s court to come up with the cash.
A South African court on Thursday dismissed an appeal by administrators in charge of South African Airways (SAA) against a ruling which prevented them from laying off staff.
The South African government has agreed to fund a restructuring of South African Airways (SAA), if a business rescue plan for the struggling state-owned airline is adopted, a copy of the draft plan showed on Monday.
Administrators at state-owned South African Airways (SAA) will not sell assets for an interim period without involving the government, a memorandum signed by one of the administrators and the public enterprises ministry showed.
The deadline for South African Airways (SAA) staff to agree layoff terms has been suspended while a judge considers his ruling in a court case brought by two trade unions at the cash-strapped airline.
South African Airways could start shedding its 5,000 staff from May 12 if unions and workers do not accept a proposed severance deal, administrators trying to rescue the airline said on Sunday.
South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run out of funds.
The South African government will work with unions to ensure that a new financially viable and competitive airline emerges from South African Airways (SAA) business rescue process, the Public Enterprises Ministry said on Tuesday.
South African Airways (SAA) is offering severance packages to its entire workforce of around 5,000 workers, a proposal by the airline’s administrators showed, after the government said it wouldn’t provide more funds for rescue efforts.
The World Health Organisation (WHO) Regional Office for Africa in Brazzaville, Congo, said there are now 8, 596 confirmed cases of COVID-19 on the African continent with 383 deaths.
Creditors of cash-strapped South African Airways (SAA) have authorised an extension of the deadline for the airline’s business rescue plan until May 29, the airline’s administrators said on Thursday.
Information and Culture Minister, Alh Lai Mohammed, has advised the kingmakers and those entitled to the vacant stool of Ajase-Ipo in Kwara State to ensure a rancour-free selection process.
Kwara State government began a second round of maternal neonatal tetanus elimination programme across the 10 identified high risk local government areas of the state.
The Nasarawa State Government has given the management of Lafia modern market seven days ultimatum to clear the filth in market or face shutdown.
The Kano State Government said it has initiated a process to enact forestry law to check indiscriminate felling of trees and protect the environment.
Saudi Arabia has ‘completely’ rejected the U.S. intelligence report released on Friday implicating Crown Prince Mohammed bin Salman on the murder of journalist Jamal Khashoggi.
The Speaker of the House of Representatives, Femi Gbajabiamila, on Friday said the lawmakers from Lagos will push “very vigorously” to ensure a huge chunk of the COVID-19 vaccines arriving the country come to the state
The Senate on Monday resolved to issue a warrant for the arrest of the Sole Administrator of the Niger Delta Development Commission (NDDC), Effiong Akwa, over his refusal to appear before it in relation to an alleged mismanagement of N6.2 billion on COVID-19 palliatives by the agency’s management last year.
Ondo State Governor, Oluwarotimi Akeredolu and his deputy, Hon. Lucky Orimisan Aiyedatiwa were on Wednesday sworn-in as Governor and Deputy Governor of the state,...
Tiger Woods is “in good spirits” after being moved to a new Los Angeles hospital for treatment from injuries he sustained in a car accident.
Managing Director of the Nigerian Ports Authority, Hadiza Bala Usman, has said that trucks not registered on Eto, the electronic truck-call up app recently introduced by the Authority, by Feburary 27, will not have access to the ports.