Rising from its National Executive Council meeting at the NBA Headquarters, the NBA has declared a two-day warning boycott of courts all over the country to protest the suspension of the Chief Justice of the Federation, Justice Walter Onnoghen by President Buhari. The President suspended the CJN based upon an order of the Code of Conduct Tribunal despite an order from the Court of Appeal halting the trial of the Chief Justice. On its part, the CCT has indefinitely postponed Onnoghen’s trial based on an order that was given by the Court of Appeal.
Stakeholders in the Nigeria’s aviation industry have advocated for the merger of debt-ridden airlines, Aero Contractors and Arik Air to birth a new national carrier. The aviation experts believe that no investor would invest in Arik Air in its present status with massive debts running up to ₦300 billion. According to one analyst, John Ojikutu, a retired Group Captain, it would take AMCON about 30 years to recoup Arik’s debts. The only way AMCON can offset these debts is by making a net profit of ₦10 billion annually for the 30 years, which would be difficult for the corporation to achieve especially when the current management suspended its entire long-haul routes. Former director of Engineering, Medview Airline, Lookman Animashaun, who said AMCON took over Arik Air so as to recover its money from the company, advised that the best option for AMCON and the FG is to establish a national carrier with both airlines.
Russia has announced a high level summit of African political and business leaders in Sochi in October. Roscongress, the official organiser of the summit is collaborating with the Russian Ministry of Industry and Trade, the Russian Ministry of Foreign Affairs, the Russian Export Center and the African Export-Import Bank to organise the summit. At the summit, Russia is expected to roll out a comprehensive agenda and strategy aimed at appraising its existing economic profile on the continent, and raising it.
The Organised Private Sector, a body of employers in the private sector of the economy, has said it agrees with a new minimum wage of ₦30,000 as recommended by the tripartite committee set up by President Buhari. The position was made known at the public hearing organised by the House of Representatives on the New Minimum Wage Bill presented by President Muhammadu Buhari. However, at the same hearing, labour minister, Chris Ngige, denied that the government had approved ₦30,000 as the new national minimum wage. He noted that ₦27,000 was the new minimum wage approved for all workers in the country. However, federal workers would earn a minimum of ₦30,000 and others who were able to were free to pay more. Meanwhile, union members stormed the public hearing to press home their demands for ₦30,000 as against ₦27,000 put forward by the government.