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Refineries won’t work despite federal govt’s spending – marketers

Oil marketers on Thursday declared that the country’s refineries would not work as expected despite the billions of dollars being spent by the Federal Government on rehabilitating the facilities.

FAAC meeting postponed over discrepancies in revenue figures

The Federation Accounts Allocation Committee meeting was on Thursday postponed due to what was described as discrepancies in revenue figures presented to the committee by the Nigerian National Petroleum Corporation.

Aviation sector’ll benefit from AfDB’s $2 billion facility – Hadi Sirika

The African Development Bank is focusing on Nigeria’s aviation sector as it provides financial assistance of over $2bn for the development of aviation infrastructure in different countries.

House of Reps to investigate collapse of Etisalat Nigeria

The House of Representatives has mandated its Committee on Telecommunications to investigate and ascertain the circumstances which led to the collapse of Etisalat Network so as to protect Nigerian subscribers’ interest.

South South, South East roads worst in the country – Babatunde Fashola

The Federal Government, on Thursday, admitted that the worst roads in the country were located in South South and South East geopolitical zones.

Don’t blame us for high electricity bills – meter firm

An indigenous smart pre-paid meters manufacturer, Mojec International Limited, has denied responsibility for high electricity bills, saying that tariffs lie within the purview of distribution companies (DISCOs).

Africa accounts for 37 percent of global aviation fatalities – AfDB chief Akinwumi Adesina

Dr Akinwumi Adesina, President, African Development Bank (AfDB), says the African aviation sector accounts for about nine per cent of aircraft accidents yearly and 37 per cent of aviation fatalities globally.

Nigeria VAT increases 1.73 percent in third quarter – NBS

The National Bureau of Statistics (NBS) said revenue generated from Value Added Tax (VAT), increased by 1.73 per cent in the third quarter of 2017.

How Nigerian states can survive economic distress – World Bank

The World Bank has identified three ways the 36 states and Abuja can survive economic challenges and ensure sustainable growth.

New regulation threatens N466 billion power sector loans

The nation’s banks could lose over N466 billion exposures to the power sector due to new policy by the Nigerian Electricity Regulatory Commission (NERC).

NNPC gets $3.7 billion alternative funding

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, yesterday said the corporation has secured $3.7 billion in alternative financing agreement in the last three years.

Federal govt targets 7m tonnes of rice production in 2018

Nigeria is inching closer to achieving self-sufficiency in rice production as the present administration targets seven million tonnes production of the commodity in 2018, Minister of Information and Culture, Lai Mohammed, said.

ICAO, African countries adopt aviation infrastructure development action plan

The International Civil Aviation Authority (ICAO), development partners and 54 African countries on Wednesday adopted the Declaration and Plan of Action for Aviation Infrastructure Development in Africa.

Federal govt earned N250.56 billion VAT revenue in Q3 – NBS

The National Bureau of Statistics on Wednesday released the Value Added Tax sectoral distribution report for the third quarter of this year with the country recording a total VAT revenue of N250.56bn.

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Briefcase billionaires caused Nigeria’s economic problems – Emir Sanusi

The Emir of Kano, Mallam Muhammadu Sanusi II, on Thursday stated that Nigeria’s economic growth and development, is being hindered by the emergence of those he tagged as “briefcase billionaires”.

Woman kills month-old step-son in Katsina

Men of the Katsina State police command have arrested a 28-years-old woman, Rabiatu Nura, who poisoned her one month old step-son.

Europe must be ‘open-eyed’ about ‘hostile’ Russia – Theresa May

Theresa May has warned European leaders to remain "open-eyed" to the threat of "hostile" Russia as she accused Moscow of attempting to destabilise the continent.

VSF to spend N400m to reconstruct 7 schools in Adamawa

Prof. Sunday Ochoche, the Executive Director of Victims Support Fund (VSF), on Thursday, said the fund would spend N400 million to reconstruct seven schools destroyed by insurgents in Adamawa.

Why ex-pension chief Abdulrasheed Maina was sacked in 2013 – FSCS

The Acting Chairman of the Federal Civil Service Commission, Joseph Akande, said that former pension boss, Abdulrasheed Maina, was sacked for dereliction of duty.

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Police to deploy 16 gun boats, 6000 policemen to tackle sea-piracy

The Nigeria Police is set to deploy 16 gun boats and 6000 armed police personnel to Bayelsa state waterways and creeks in the bid to tackle sea piracy and criminality in the State.

Arsenal are better than Tottenham – Sead Kolasinac

Sead Kolasinac is adamant that Arsenal are a better team than their north London rivals Tottenham despite the club's contrasting fortunes this year.

NSE market indicators sustain growth by 0.19 percent

Trading on the Nigerian Stock Exchange (NSE) maintained its positive trend on Friday with the market indicators appreciating further by 0.19 per cent.

PDP chairmanship: Bode George fumes, asks Senator Makarfi to resign

Sharp divisions have again emerged in the troubled Peoples Democratic Party (PDP) with leaders sharply divided ahead of the party’s December 9 convention.

Robert Mugabe could be impeached in 2 days – Zanu-PF

Zimbabwe's ruling party expressed confidence on Monday that longtime President Robert Mugabe could be impeached within two days, while the world's oldest head of state ignored the party's midday deadline to resign.