Cargo flights into Nigeria return empty, ground handlers lament
By Juliana Ajayi Cargo flights bringing in foreign goods into Nigeria have for a while been returning empty amid low export opportunities in the country, ground handling companies have said. The Chairman, Association of Ground Handlers of Nigeria, Mr. Olaniyi Adigun, in an exclusive interview…
World’s 2nd richest person, Elon Musk earns $4 billion in a day, as Tesla posts impressive earnings
By Olumide Adesina The world’s second-richest man, Elon Musk saw his daily wealth earnings surge by $3.75 billion over Tesla’s decent showing in its Q2 result, released on Monday night. The 50-year-old billionaire now has a net worth of $180 billion with its year-to-date gains…
Nigeria-Cameroon $35.9 billion new bridge to trade, curb insecurity: Fashola
The Minister of Works and Housing, Babatunde Fashola, says a new double-lane bridge between Nigeria and Cameroon will facilitate free trade, curb insecurity. NEWS AGENCY OF NIGERIA • JULY 27, 2021 The Minister of Works and Housing, Babatunde Fashola, says a new double-lane bridge between…
Poultry Association warns of 10% job losses
By William UkpeJuly 23, 2021 The Lagos Chapter of the Poultry Association of Nigeria (PAN) has warned that Nigeria may likely witness 10% job losses if the immediate problems facing the sector including the rising cost of feeds are not addressed by the Federal government….
Nigeria loses $26.3bn annually to piracy, sea robbery –Buhari
From Molly Kelete, Abuja President Muhammadu Buhari, yesterday said Nigeria loses about $26.3 billion annually to various forms of criminality particularly piracy and sea robbery. Buhari disclosed this while performing the inauguration of Falcon Eye Project, a Nigerian Navy’s Strategic Maritime Surveillance System, at the…
90 Kobo Of Every One Naira Buhari Government Makes Is Spent On Interest On Loans—Ex-Central Bank Deputy Governor
He said over the past months, debt service cost has taken up more than 90 per cent of government revenue. Former Presidential Candidate, Kingsley Moghalu says the accumulating debt President Muhammadu Buhari has incurred is forfeiting the future of the country’s youths. He said over…
SON Commissions World-Class Laboratory In Ekiti State
Jennifer Inah The Nigerian Minister of Industry Trade and investment Mr. Adeniyi Adebayo has commended the Standards Organisation of Nigeria (SON) for its renewed zeal in the fight against substandard and fake products in the country. Mr. Adebayo who gave the commendation at the commissioning…
Data show Nigerian govt borrowed N1.3trn to pay salaries, debts from Jan-May
By David Ibemere Nigeria’s dwindling finances came under intense pressure again in the first five months of the year, as the Federal government borrowed at least N1.3 trillion to cover for salaries of civil servants and matured debts. Ripples Nigeria analysis of the 2022-2024 Medium…
Nigeria returns seized vessel to Switzerland government
The Federal Government of Nigeria on Saturday returned a Swiss vessel, MT San Padre Pio, to the Government of Switzerland, three years after it was seized by the Nigerian Navy. The navy arrested the vessel and its 16 Ukrainian nationals on January 23, 2018 for…
NNPC to get new identity within six months of PIB
By David Ibemere NNPC to build two new condensate refineries The Nigerian National Petroleum Corporation (NNPC) is set to adopt a new identity in coming months. Following the passage of the Petroleum Industry Bill (PIB) on Thursday by the National Assembly and the expected signing…
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