After 22 years of hitting Nigeria’s news stands weekly, The News magazine has transformed into a largely online newspaper after falling advertising revenues.
The magazine will now be printed monthly, while resources are channeled into
feeding its online platform with fresh stories and breaking news, according to the management.
The transition to online media came barely three weeks after the magazine’s sister publication and evening newspaper, PM News, ended its print run.
Announcing the decision to jettison the weekly hard copy in the July 27th edition of the magazine, Bayo Onanuga, the magazine’s editor-in-chief, said that rising cost of printing over the past few years had failed to keep pace with revenue inflow.
“The transition to internet publishing has been informed by the rising costs of production and declining advertising income, which make the continuous production in print form, very unprofitable,” Mr. Onanuga wrote in the magazine.
Mr. Onanuga said his team would continue to serve its readers news reports as they break on the magazine’s website.
“We shall continue to publish exclusive investigative reports for which The News is nationally known.”
About three weeks ago, PM News, a popular evening paper in Lagos called it quits with the print edition citing huge shortfalls in advertising revenue.
The two publications owe most of their journalists between five and seven months salary.
Kunle Ajibade, one of the founders of the magazine, described the management’s inability to pay salaries as “a very very painful thing”.
“Of course salaries will be paid,” Mr. Ajibade, Executive Editor of The News Magazine, said over the telephone on Saturday.
“This is a global problem. For 22 years, The News has been on the news stand. Even during our days of guerrilla journalism, nobody was owed. It is unheard of, but what can we do.
“Our own salaries have not been paid too.”
The News magazine is owned by Independent Communications Network Limited which also publishes PM News and Tempo magazine – both now online newspapers.
The magazine was founded in February 1993 by a team of respected Nigerian journalists including Dapo Olorunyomi, Sani Kabir, Idowu Obasa, Babafemi Ojudu, Mr. Ajibade, Seye Kehinde, and Mr. Onanuga.
APPLY: WTO opens entry for 2022 young professionals programme
The World Trade Organisation (WTO) has opened applications for its 2022 Young Professional Programme (YPP).
The programme provides opportunity for young professionals to enhance their knowledge of the organisation and international trade issues.
In 2021, 14 professionals out of 2,400 candidates were selected for the programme from Bangladesh, Belize, Dominican Republic, Eswatini, Guatemala, Georgia, Indonesia, Malawi, Mauritania, Namibia, Nicaragua, Nigeria, Chinese Taipei and Thailand.
WTO said “The YPP is a unique opportunity to gain hands-on experience which can help open the door for future professional opportunities in the field of multilateral diplomacy and global trade.
“The YPP selection gives preference to young professionals from developing and least-developed countries that are members of the WTO and whose nationals are currently under-represented or not represented in the organization’s Secretariat.
“The programme is part of the Secretariat’s overall goal to increase its diversity to better reflect the make-up of its membership.”
To be eligible, applicants must be of age 32 as of January 1, 2022, and selected candidates will work at the WTO secretariat for one year, starting from the beginning of next year.
The areas of work at the programme includes accessions, agriculture, dispute settlement, intellectual property rights, market access, media and external relations, WTO rules, trade and development, trade and environment, trade in services and investment, trade facilitation, trade policy analysis and trade-related technical assistance.
WTO said candidates must have advanced university degree in law, economics, or other international trade-related subjects relevant to WTO work; must possess relevant expertise or continued academic study in a field of interest to the work of the WTO.
Equally, candidates must similarly have a minimum of two years relevant work experience.
The trade organisation further said selected candidates will be paid $3821.66 (N1,454,141.63 million) monthly and applications can be accessed on the WTO e-Recruitment website and should be completed no later than 29 April 2021.
Buhari receives briefing from Osinbajo
Vice President Yemi Osinbajo on Monday briefed President Muhammadu Buhari at the Presidential Villa, Abuja.
The President had last Thursday returned to the country after a16-day medical trip to London, United Kingdom.
He left Nigeria on Tuesday, March 30, briefly after a security meeting with defense and intelligence chiefs as well as other security sector managers.
Gunmen attack Imo police station, kidnap officer
A police officer has been abducted in an attack on Mbieri Divisional Police Headquarters in Mbaitoli Local Government Area of Imo state on Thursday morning.
This comes three days after the state Police Command headquarters and Owerri Correctional Center were attacked while 1,884 inmates released.
A resident of Mbieri said the gunmen released the suspects in custody.
However, the policemen on duty were said to have engaged the attackers in a gun duel but they were reportedly overpowered by the gunmen who had sophisticated weapons.
A community leader, Nokey Ebikam, told newsmen that the police divisional headquarters was not burnt but only freed the suspects in detention after vandalizing it.
Police Public Relations Officer in the state, Orlando Ikeokwu, confirmed the attack on the police station but did not go into details.
It was gathered that aside the officer who was abducted, two others sustained injuries in the incident which is the second major attack on a police station since an armed gang invaded the state police headquarters on Monday.
The Police authorities have blamed the attacks on the outlawed Indigenous People of Biafra (IPOB) but the group has distanced itself from the attacks.
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