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THE

DAILY

TIMES

NIGERIA INDEPENDENT NEWSPAPER. EST. 1926 WWW.DAILYTIMES.NG https://plus.google.com/+DailytimesNgr/posts

NSE QUICK BITE

dailytimesng

Union kicks, as Aero Contractors lays off 60% workforce Chukwuemeke Iwelnmoh

ÏÏÏ Aero Contractors of Nigeria

Limited has laid off 60% of its workforce and issued letters of redundancy to the affected workers. The airline’s management that has been grappling with huge and unrealistic personnel cost as well as other operational challenges

67.98

68.00 0.03%

FO

49.09

Continued on page 12

FRIDAY, MARCH 17, 2017 VOL. 3. NO. 322

www.facebook.com/dailytimesngr

GAINERS AS AT March 16, 2017 GUINNESS

worsened by lack of enough aircraft to keep all the workers meaningfully engaged. A statement from the foremost airline said the issuance of notification of redundancy is a business decision that will ensure Aero’s survival.

50.00

N150

LOSERS AS AT March 16, 2017 1.85%

CAP

28.12

28.01

-0.39%

WAPCO

36.28

34.50

-4.91%

CPC tackles NBC over Sprite, Fanta saga Mathew Dadiya, Abuja

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2019: Falae, Balarabe Musa, Makarfi, Gana, others in crucial talks

5

The Consumer Protection Council (CPC) has given the Nigerian Bottling Company (NBC) a sevenday ultimatum to provide it with detailed information on two of its soft drink products, Sprite and Fanta. This was in a bid to determine the suitability of the products and protection of consumers. Continued on page 5

FG re-arraigns Justice Ngwuta on 11-count 17 charge

Senate walks out Customs CG for not wearing uniform 17

We won’t surrender PDP to anybody in an undemocratic manner, Makarfi vows 12

0 ƏƌƆƏ 1Ə Ƒƍ L ƈ #ƈƏƆƅƐ Ə Ƈ Ɛ Ɔ Mƈ ƆƏƈ M Ɛƈ Ƌ ^ƆƐƏ ƋƆƑƌ Əƍ Ə Ɛƈ æMM^ çè ƗƏƆƓ ƊƑƄƑ æƏçè Ɔ ƅ ƏƐƆƗ Ɛ 0ƆƗƆƏ Ƌ 6ƈ ƑƏƐ ƈ ƄƑƉ è Ɠ ƆƏƆ Ɔ Ɠ ƏƏ ƈ ƆƗ Ƈ Ƌ Ɔ ƆƐ ƗƆƅƋ Ə Ɛƈ Ɨ ƇƏ ƑƗêêê j ƑƏ Ɨ ƕê ^ Ɛ ë j&L9jR^& GR1nMê

Court gives Police, DSS 12 days to justify clampdown on Peace Corps Andrew Orolua, Abuja

ÏÏÏ The Federal High Court sitting in Abuja on Thursday gave the Inspector General of Police, the National Security Adviser, and the Director General of Department of State Security Services, 12-days to justify the clampdown on the Peace Corps of Nigeria.

They were also ordered by the court to defend the arrest and detention of the National Commandant of Peace Corps, Amb (Dr) Dickson Akoh and 49 other members of the corps. Delivering ruling in an ex parte motion filed by the Incorporated Trustees of PCN, Justice Gabriel Kolawole said the respondents must appear in court on March 28, 2017 with af-

fidavit evidence on why an order of interim injunction restraining them from further arresting members of the Corps should not be granted against them. More so, the court asked them to show in the affidavit evidence to be filed in court before March 28, why the court should not order them to unseal or vacate the Continued on page 12

Court remands 5 Yakubu, ex-NNPC GMD, in Kuje Prison


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