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Airlines To Lose $77bn In H2, Says IATA

Airlines are on the verge of a looming cash crisis; the International Air Transport Association has said. It warned that the airline industry would lose $77bn in during the second half of 2020 [...]

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FG Acquires, Deploys 1,000 Automobile Petrol-To-Gas Conversion Kits

The Federal Government has acquired about 1,000 conversion kits that will change petrol powered trucks and small vehicles to start running on autogas. It was also gathered that the kits were [...]

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Equity Market Halts Downturn, Records Marginal Gain

Transactions on the floor of the Nigerian Stock Exchange on Tuesday recorded marginal gain to halt four days losing streak. The market breadth closed positive with 18 losers against 15 gainers. [...]

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Wages Risen By 150 Per Cent In Five Years, Says Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday decried the daily rise in the wage bill of the Federal Government and declared that it rose by 150 per cent between [...]

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FG Will Double Nigeria’s Airports By 2023 – Minister

The Federal Government on Tuesday declared that it would double the number of airports across Nigeria by 2023. Nigeria has about 31 airports currently. The Federal Airports Authority of Nigeria [...]

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Osinbajo Justifies PPP Option For Road Construction

Vice-President Yemi Osinbajo on Tuesday said the present regime’s Public Private Partnership’s option for road construction was now delivering 19 road projects totalling 780.15 km across the six [...]

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Nigeria Now Africa’s Largest Rice Producer –FG

Nigeria is now the largest producer of rice in Africa, the Federal Government said on Tuesday. Minister of Agriculture and Rural Development, Sabo Nanono, said this in Abuja at an event to mark [...]

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Nigeria’s Economy Will Contract By 4.3% In 2020 – IMF

The International Monetary Fund has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this in its World Economic Outlook report for October 2020 which was [...]

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Dangote Refinery, Others Threaten Existing Plants – OPEC

New refining capacities expected to come on stream in Nigeria and other African countries in the next few years may increase pressure on existing plants on the continent, the Organisation of the [...]

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Power, Fuel, VAT Increments Caused Tariff Hike – DSTV

MultiChoice Group, owners of the DSTV, has blamed the recent hikes in its subscription tariffs on high cost of production, especially the increment of Valued Added Tax and poor power supply [...]