NEWS LENS

A notable political economist, Prof. Pat Utomi, on Wednesday maintained that the gruelling economic recession in the country was self-inflicted, noting that wrong policy choices led to the hardships facing Nigerians. A former Governor of the Central Bank of Nigeria, …

 The China National Electric Engineering Company has disclosed that the Zungeru 700mw hydroelectric power plant in Niger State is at 47 per cent completion stage. The Deputy Project Manager, Mr. Xiao Nie, told journalists on a tour of the project …

The Federal Government will inaugurate the $200m (about N61bn at the official exchange rate of N305 to a dollar) local content intervention fund today (Thursday). It was gathered that the $200m Nigerian Content Intervention Fund would be directed at increasing …

 The Nigerian National Petroleum Corporation has said it is working closely with international oil companies to deploy a structured security apparatus in strategic places including the Niger Delta to arrest incidence of oil and gas infrastructure sabotage across the country. …

Nigeria will by 2021 join the International Civil Aviation Organisation in the implementation of the pilot phase of the Carbon Offsetting Reduction Scheme for International Aviation, the Nigerian Civil Aviation Authority has said. The Director-General of the NCAA, Capt. Muhtar …

Vice President Yemi Osinbajo says the Federal Government may consider increasing workers’ remuneration package, especially bonuses of certain government agencies, instead of increasing wages across board. According to a transcript made available to journalists in Abuja on Tuesday by his …

The revenue accruing to the federation account from oil and non-oil sources recorded a decline of N183.26bn from N570.58bn received in the month of June to N387.31bn in July. The figures were revealed in a communiqué issued on Tuesday by …

Delta Airlines says it will be launching another three weekly nonstop flights from Lagos to New York-JFK, in addition to its existing four-times a week service to the United States. According to the airline, the Lagos-New York flight, which will …

The Federal High Court in Lagos on Tuesday ordered the temporary forfeiture of 56 houses linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. The houses, located in Abuja, Lagos and Port Harcourt, were said to have been …

 By Oyeniyi Iwakun The Kirikiri Light Terminal (KLT) Command of the Nigerian Customs Service (NCS) has again saved the nation from what could have contributed to turbulent security threats as it intercepted a container concealed of Military Uniforms imported from …

The Vice President, Prof Yemi Osibanjo on Tuesday has met with some state governors and government officials towards facilitating youth’s involvement in agriculture. Addressing journalists at the end of the closed door meeting, Jigawa State Governor, Abubakar Badaru, said the …

The Minister of Finance, Mrs Kemi Adeosun has emerged as the new Chairman of the Board of Governors of the ECOWAS Investment Bank. She was named as the new Chairman on Tuesday in Abuja at the 15th Annual General Meeting …

 …As US FAA conducts safety Audit The Nigerian Aviation Industry said it has recorded a three year period of zero accidents in airline operations, according to the Nigerian Civil Aviation Authority (NCAA). This is coming as officials from the United …

 By Kenneth Jukpor As part of efforts to enhance the ease of doing business at the nation’s ports, the Nigerian Shippers’ Council (NSC) is set to agree uniform freight rates for truck haulage across the country in collaboration with the …

The Federal Government on Monday approved a backlog of promotion in agencies under the aviation arm of the Federal Ministry of Transportation. The Minister of State for Aviation, Hadi Sirika, said the move was part of efforts to reposition the …

The Nigerian Maritime Administration and Safety Agency has raised concerns about carbon emissions from ships and other sources in the maritime sector and has convened a forum to tackle the issue. This is in line with the global initiative to …

The Nigerian Content Development and Monitoring Board, on Monday, said the management of Dangote refinery had agreed to select competent Nigerian vendors that would participate in the construction of the plant from the Nigerian Oil and Gas Industry Joint Qualification …

The Federal Government has been urged to allocate 40 per cent of the 2018 budget to capital projects in order to boost development in critical sectors of the economy. The Centre for Social Justice and the United States Agency for …

The development of coal deposits for power generation will not qualify for funding from the World Bank and many multilateral financial institutions despite the abundance of the mineral resources in Nigeria. Analysts on Monday stated that the Federal Government had …

The Minister of Transport, Rt. Hon. Rotimi Amaechi, has directed that every prospective train passenger must present identity cards before obtaining tickets at ticket sales points for the Abuja-Kaduna railway transport. According to him, each passenger on presentation of ID …