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Nigeria’s debt now N26.22tn, says DMO

Nigeria’s debt now N26.22tn, says DMO

The Federal Government and the 36 states as well as the Federal Capital Territory owed a total N26.22tn as of September 30, 2019, the Debt Management Office disclosed on Friday. The amount indicated that the total public debt rose by ...

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How APMT Frustrates FG’s Effort To Ease Apapa Gridlock – NPA

How APMT Frustrates FG’s Effort To Ease Apapa Gridlock – NPA

By Kenneth Jukpor Mrs. Funmilayo Olotu is the Port Manager, Lagos Port Complex (LPC), Apapa, Nigerian Ports Authority (NPA). At a recent port stakeholders’ meeting, she harped on the numerous challenges at Lagos port access roads, NPA’s challenges with armed ...

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Preventing Building Collapse In Lagos

Preventing Building Collapse In Lagos

It has become the norm to find buildings collapse in Lagos. Unfortunately, not all these buildings are old or abandoned, there are increasing cases of relatively new and uncompleted buildings collapsing. On Friday last week, a two-storey building collapsed around ...

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How To Book Cheap Flights Tickets Online

How To Book Cheap Flights Tickets Online

By Okuneye Moyosola Booking cheap flight tickets online (or if you prefer with your agent) is a luxury many can only wish for, it is difficult and at times almost impossible with the continually unstable prices of airline tickets. However, ...

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Dana Air Targets 7.2 Million Passengers From 5.4 Million By Q1, 2020

Dana Air Targets 7.2 Million Passengers From 5.4 Million By Q1, 2020

Nigerian carrier, Dana Air has said that with its increased fleet to 9 aircraft, it is targeting 7.2 million passengers from its current figure of over 5.4 million passengers as announced during its 11th Anniversary in November 2019. The airline ...

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NCAA Hinges Flight Delays, Cancellations On Low Capacity

NCAA Hinges Flight Delays, Cancellations On Low Capacity

The Nigerian Civil Aviation Authority (NCAA), has blamed the incessant flight delays and cancellations in local operations on the depleted fleet of some of the operating airlines. The apex regulatory body said t he multiple delays further worsened during the ...

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Consumer goods producers groan under border closure

Consumer goods producers groan under border closure

Many companies operating in the Fast Moving Consumer Goods sector are currently not finding the prolonged closure of the country’s borders funny. Their worry stems from the reported high cost currently being incurred in exporting their goods and importing some ...

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Implementation of 7.5% VAT begins February 1 — Minister

Implementation of 7.5% VAT begins February 1 — Minister

The Federal Government will from February 1 begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law. The law, according to the government, will take effect after all the necessary administrative procedures must have been ...

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Pirate attacks in Gulf of Guinea increased in 2019

Pirate attacks in Gulf of Guinea increased in 2019

The latest report from the International Maritime Bureau’s (IMB), revealed that incidences of maritime piracy increased by about 50 percent from 78 in 2018 to 121 in 2019. Although it reported overall piracy incidents decline in 2019, IMB, however, said ...

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‘Average power supply to Nigerian homes still inadequate at 9hrs/day’

‘Average power supply to Nigerian homes still inadequate at 9hrs/day’

The new power poll released by NOIPolls for the fourth quarter (Q4) of 2019 has revealed that power supply to Nigerian households experienced a marginal increase to stand at 37 percent in Q4 from 36 percent obtained in Q3, 2019, ...

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Recruitment budget: N1.6bn for hiring, training, Customs insist

Recruitment budget: N1.6bn for hiring, training, Customs insist

The Nigeria Customs Service has insisted that the N1.6bn allegedly paid to a consultant to conduct the ongoing recruitment exercise into the service was budgeted for both the recruitment and training for the entire period of the exercise. In an ...

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Buhari inaugurates Lagos-Ibadan railway in May, says Amaechi

Buhari inaugurates Lagos-Ibadan railway in May, says Amaechi

The Minister of Transportation, Rotimi Amaechi, on Tuesday, said the President, Major General Muhammadu Buhari (retd.), could inaugurate the Lagos-Ibadan railway in May. Amaechi, who said this on a live television programme monitored in Abuja, noted that the Federal Ministry ...

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Agents lament Nigeria’s rating in freight forwarding

Agents lament Nigeria’s rating in freight forwarding

The Council for the Regulation of Freight Forwarding in Nigeria has lamented the poor position of the country in global freight forwarding business. The Registrar and Chief Executive Officer of the CRFFN, Samuel Nwakohu, described as unfortunate a situation where ...

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GRIMALDI car carrier seized by Libyan National Army?

GRIMALDI car carrier seized by Libyan National Army?

Naval forces of the Libyan National Army (LNA), led by Marshal Khalifa Haftar, opposed to Libyan UN-recognized government, seized Italian cargo ship, according to official LNA statement, released on Jan 12. The ship was en route to Misurata Port, controlled ...

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Market indices surge by nine per cent in five sessions

Market indices surge by nine per cent in five sessions

The nation’s equities market, last week, recorded the largest weekly returns in two-years to become the world’s best performing stock market for the week. Specifically, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) and market capitalisation appreciated by 9.07 per ...

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TCN to push for Discos’ recapitalisation

TCN to push for Discos’ recapitalisation

Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets for 2020 in the latest ...

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MTN share price rises after revoked tax case

MTN share price rises after revoked tax case

The share price of MTN increased by 5.3 per cent to 83.67 rand on Friday following the announcement of the revocation of its $2bn tax case in Nigeria. The increase in the share price pushed the company’s market value to ...

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NDPR expands modular refinery capacity by 5,000bpd

NDPR expands modular refinery capacity by 5,000bpd

The Niger Delta Petroleum Resources Limited, a subsidiary of Niger Delta Exploration and Production Plc, has expanded its maiden 1,000 barrels per day diesel topping refining plant, a modular refinery, with an additional 5,000bpd, the Department of Petroleum Resources announced ...

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2020 Budget: N123bn Transport Allocation Can’t Deliver FG’s Infrastructure Goals – Experts

2020 Budget: N123bn Transport Allocation Can’t Deliver FG’s Infrastructure Goals - Experts

· Nigeria’s budget not an actionable document, it’s PR — Prof. Utomi · Railway deserves priority to boost Nigeria’s economy — Bello, Udoma By Kenneth Jukpor Despite the federal government’s commitment to developing Nigeria’s transport infrastructure, economic experts assert that the N123 ...

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How To Become A Successful Pilot

How To Become A Successful Pilot

An airline pilot operates a plane’s engines and controls to navigate and fly the vessel. He or she also checks hydraulic and engine systems for pre-flight safety and monitors fuel consumption and aircraft systems in-flight. Prospective pilots must satisfy a ...

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