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No explosion at Lagos airport – FAAN

The Federal Airports Authority of Nigeria (FAAN) has declared that there was no explosion at the Hajj /Cargo axis of the Murtala Muhammed International Airport, Ikeja, Lagos.

Ogun tackles fed govt on VAT remittance, computation

The Ogun State government has asked the Federal Government to accord it the deserved recognition regarding the state of Value Added Tax being generated in the state compared to other states.

Oil producers committed to output cut deal – OPEC

Global oil producers said Tuesday they remained committed to cutting output and stemming the collapse in oil prices, OPEC said.

NSE market capitalisation hits N13 trillion mark

The Nigerian Stock Exchange market capitalisation on Tuesday hit the N13tn mark, barely three weeks it crossed N12tn market, amid Nestle gain.

Nigerian non-oil earning to reach $30 billion in 10 years – FG

The Federal Government has revealed that its non-oil earning in the next 10 years will hit $30 billion replacing oil as the country’s major source of foreign exchange.

Dangote reopens Savannah Sugar Company

The Management of Savannah Sugar Company in Adamawa, a subsidiary of Dangote Group, on Tuesday announced the resumption of business after over one month of closure.

Addax Petroleum confirms planned closure of 3 offices

The Addax Petroleum Company on Tuesday confirmed the proposed closure of its corporate offices in Geneva, Aberdeen and Houston in the United States of America.

Yenagoa residents laud DISCO over improved power supply

Some Yenagoa residents and business outfits have lauded the Port-Harcourt Electricity Distribution Company (PHEDC), for improved power supply in the area.

Fed govt seeks out-of-court settlement with 7 banks over TSA

The Federal Government has filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the remittance of the sum of $793.2 million allegedly hidden with them in contravention of the Treasury Single Account policy.

Med-View Airline grows half-year profit to N857m

Med-View Airline Plc has reported a growth of 27 per cent in profit after tax (PAT) to N857 million for the half year ended June 30, 2017, compared with N672 million in the corresponding period of 2016.

Jigawa farmers to get mini rice mills, harvesters

Jigawa Government on Tuesday announced plans to distribute ultra-modern mini rice mills, harvesters and other implements to boost rice production in the state.

Abuja-Kaduna rail line generating N1 million daily – Amaechi

The Abuja to Kaduna rail line now generates N1 million daily, the Minister of Transportation, Rotimi Amaechi, disclosed.

Don canvasses synergy between fed govt and private sectors to revive textile industries

The Head of Political Science Department, College of Education, Oro in Kwara, Mr Musbau Abdulkareem, says strong collaboration between private investors and government will revive Nigeria’s moribund textile industries.

2017 budget not enough for economic devt – Osinbajo

Acting President Yemi Osinbajo has said that the N7 trillion federal budget for 2017 is not sufficient to facilitate the desired economic development in the country, hence the government was making the investment climate profitable and easy for private sector involvement.

Nigeria requires N3.05 trillion to increase oil production – minister

The Nigeria’s oil and gas industry would require $10 billion (N3.05 trillion) over the next three years to increase crude oil production from 2.2 million barrels per day (bpd) to 3 million bpd.

Chime not owner of Enugu Mall – Spar

Multinational super shop, Spar, has disassociated former Governor Sullivan Chime from ownership of the Enugu Mall.

NNPC owes oil firms N2 trillion in cash call – Baru

The Nigerian National Petroleum Corporation has put the cash call arrears owed oil companies for the development of joint venture assets at $6.6bn (N2.01tn).

Itakpe-Ajaokuta-Warri rail line to start operation in June 2018 – minister

The Minister of Transportation, Rotimi Amaechi, on Monday said the Itakpe-Ajaokuta-Warri standard gauge rail lines would start commercial operation in June 2018.

Recent Stories

Nigeria’s downstream sector records $56 billion revenue yearly

Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said.
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David Seaman: Arsene Wenger would be ‘great’ as Chelsea boss

Former Arsenal goalkeeper David Seaman has suggested Arsene Wenger could be the ideal replacement for Maurizio Sarri at Chelsea.
Beni Lar

Beni Lar: My constituency under siege

A member of the National Assembly representing Langtang South/Langtang North Federal Constituency of Plateau State, Hon Beni Lar, has cried out that her constituency is under siege of political thugs ahead of the rescheduled presidential and National Assembly elections holding on Saturday.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Kailani Muhammad: Atiku Abubakar is desperate to be president

A chieftain of the ruling All Progressives Congress (APC), and strong ally of President Muhammadu Buhari, Engr. Kailani Muhammad, has said that, the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, is desperate to be president of Nigeria.

Suspected herdsmen kill 16, injure two in Benue

Suspected herdsmen on Wednesday killed 16 persons and injured two others during an invasion of Ebete community in Usha council ward of Agatu Local Government Area of Benue State.