NAMES OF CREW AND PASSENGERS ON ILL-FATED AIRCRAFT. (PHOTO).

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 Names of Crew and Passengers on Ill-Fated Aircraft As of the time of filing this report, no survivors have been found following the aircraft crash in Ondo State. CREW 1. Squadron Leader M.I. Aburime — Flight Captain 2. Squadron Leader A.P. Man-Ugwueje — Co-pilot 3. Flight Lieutenant I.S. Bako — Co-pilot 4. Warrant Officer Abubakar A. — Aircraft Technician 5. Corporal Uguru H.C. — Aircraft Technician PASSENGERS 6. Flight Lieutenant T.L. Lazarus 7. Flight Lieutenant M. Akinloye 8. Flying Officer I.M. Adeshina 9. Master Warrant Officer Onwuka F. 10. Master Warrant Officer Matini B.A. 11. Warrant Officer Nuhu F.S. 12. Flight Sergeant James R.B. 13. Flight Sergeant Mohammed A.I. 14. Sergeant Ani A.E. 15. Sergeant Izibenikien S.I. 16. Sergeant Alafuka C. 17. Sergeant Mbadugha A.N. 18. Lance Corporal Ugwuba F.C. 19. Lance Corporal Eledan G.E. 20. Mrs. Ezeh Nneka 21. Godstmine Tarabina 22. Joy Micheal 23. Sunday Micheal 24. Ukeme David 25. Gideon Omotola The Chief of Air Staff has ordered...
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NIGERIA'S FOREIGN RESERVES DECREASE TO $24BN RECORD LOW IN 2024- IMF. (PHOTO).

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 Nigeria’s foreign reserves decrease to $24bn record low in 2024 – IMF


International Monetary Fund says Nigeria’s foreign reserves dropped to a record low of $24 billion in 2024 from $33 billion last year.


IMF’s latest country report for Nigeria disclosed this, signalling potential challenges for Africa’s largest economy.


It noted that the first half of 2023 witnessed a surplus in the current account, yet there was a notable decline in reserves.


“Through 2024–25, the financial account will likely deteriorate, with no projected issuance of Eurobonds, large Fund and Eurobond repayments of $3.5 billion, and portfolio outflows.


“Hence, despite a current account surplus, officially reported reserves are projected to decline to $24 billion in 2024 before increasing again to $38 billion in 2028 as portfolio inflows resume,” the report stated.


But Central Bank of Nigeria data showed Nigeria’s foreign reserves stood at $33.12 billion as of February 8, 2024.

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