‘233% rise in pipeline vandalism in January caused disruptions in gas supplies to power plants’
The Nigerian National Petroleum Corporation (NNPC) has given more insights into the reasons behind the dropping supplies of power across the federation. In a statement, the corporation said the rate of pipeline vandalism in the country increased by 233 per…
Using taskforce to implement ERGP’ll lead to duplication of duties, confusion, failure—Expert
As soon as the Minister of Budget and National Planning, Senator Udo Udoma, said the newly launched Economic Recovery and Growth Plan (ERGP) would be driven by a task force to be constituted by the Federal Government, an economist, Mr….
Momentary weakening of Naira shows it cannot be stable by only CBN’s intervention–Expert
Ever since the Central Bank of Nigeria (CBN) started its almost daily intervention in forex liquidity, many pundits have continued to argue that the practice remained cosmetic and may not do the magic of forex stability. The naira weakened to…
Abia experts in Singapore to design state-of-the-earth Free Trade Zone on 9,000-hectare
Barring any last minute hitch, all is set for Abia State Governor; Chief Okezie Ikpeazu to establish a 9,000- hectare free trade zone along the state’s boundary with Rivers State. The Governor opened up on this during the visit of…
All set for resumption of construction activities on Lagos-Ibadan rail from tomorrow, April 14
Following observed mobilization to site by the handling firm, China Civil and Engineering Construction Company (CCECC), the Nigeria Railway Corporation (NRC) on Wednesday disclosed that construction activities on the Lagos-Ibadan standard gauge rail would begin on April 14. Making the…
Airline operators reject ‘phantom’ N15bn debt, ready to pay for independent auditors
Leading aviation pressure group, Operators of Nigeria (AON) has said they are ready to foot the bills of an independent auditor who will audit Nigerian Civil Aviation Authority (NCAA) as an organization and the N15bn NCAA so claimed that is…
FG closing in on a deal with Trump for the purchase of 10 Fighter Jets at $600m
Indications are beginning to emerge that President Donald Trump’s administration is pushing forward with plans to sell up to a dozen aircraft to Nigeria’s air force for the fight against the extremist group Boko Haram. Sources said the Super Tucano…
Full Text of Gov Obiano’s speech at the flag-off of Anambra International Airport city project at Government House, Awka on Tuesday, April 11, 2017
Ndi Anambra, Three years into my first term in office, I stand before you today to answer the call of history. In Christian numerology, the number 3 is the number of perfect manifestation. So, three years into my administration, the…
Zenith Bank Plc is stronger than them all, rock solid— Fitch Report
Whereas three banks (names with held) were said to vulnerable by the latest result of the stress test conducted by the Central Bank of Nigeria (CBN), the report however, singled out Zenith bank and declared it rock solid even in…
