$2.7b Ibom Seaport To Take-Off In April
The $2.5 billion Ibom Deep Seaport, a Public Private Partnership (PPP) project would come to reality on or before April 2019. The project would change the landscape of infrastructure in…
Nigeria Spends N2.7tn On Infrastructure
The High Level Stakeholders Retreat on Public Private Partnership (PPP) has heard that Nigeria spent N2.7 trillion on infrastructure development in the last three years. At the meeting in Uyo…
Non-Compliance To Regulations Hinders Oil Industry Growth — Baru
Dr Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), says non-compliance to regulations by operators in the oil and gas sector hinders growth in the industry. Baru…
N100b Sukuk Fund For Road
The Federal Government has decided to use the N100 billion Sovereign Sukuk bonds proceeds to construct 642.69 kilometres of roads across in NIgeria. The cheque for the money was presented…
38 Ships With Petrol At Lagos Ports – NPA
The Nigerian Ports Authority (NPA) says it is expecting 38 ships to bring in petroleum products, food and other goods at Apapa and Tin Can Island Ports, from Jan. 10…
Nigeria, India To Sign Bilateral Air Services Agreement
Nigeria and India are set to sign Bilateral Air Services Agreement (BASA) before the end of January that would enable direct flights between the two countries, the Indian High Commissioner…
24 Hours Electricity Supply Excites Damaturu Residents
Residents of Damaturu, capital of Yobe, are delighted with recent restoration of 24 hours electricity supply and resolved to vote re-elect President Muhammadu Buhari. The uninterrupted power supply to the…
Dangote retains spots as Africa’s Richest Man- Forbes Billionaire Ranking 2018
Business Tycoon, Alhaji Aliko Dangote, Age 61, may have retained his spot as Africa’s money bag with an estimated worth of $10.3bn, closely followed by Globacom chairman, Mike Adenuga…
Naira Firms As Dollar Weakens On Fed Rates Pause
The naira continued to remain strong as the Dollar is seen weakening on expectation that the Federal Reserve of the United States of America might pause its interest rate hike.…
Ibom Air Moves To Get NCAA Cert, Scales Third Phase
The plan by Akwa Ibom State Government to float the first state-owned airline in Nigeria may soon become reality as the government is on the verge of securing the Air…
