Global Standards the Key for Sustainable Russian Aviation Growth, Says IATA

The International Air Transport Association (IATA) has called on the Russian Federation to implement global standards and best practices, in order to maximise the economic and social benefits generated by its growing air transport sector.

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Nigeria inches closer to 40bn barrels oil reserve as NNPC secures $700m funding

The plan by the Nigerian National Petroleum Corporation (NNPC) to grow the nation's crude oil reserves to 40 billion barrels by the year 2020 received a major boost on on Thursday with the execution of a tripartite agreement in Abuja.

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Ex-power minister calls for segmentation of power transmission lines

Former Minister of Power, Prof. Barth Nnaji on Thursday called for the segmentation of power transmission lines to improve electricity supply and check national grid breakdown.

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Supply, Critical to Nigeria's Economic, Industrial Devt, Say Nnaji, Soludo

Former Minister of Power, Prof Bart Nnaji and former Governor of the Central Bank of Nigeria (CBN), Prof Charles Soludo, thursday in Enugu declared that for Nigeria to achieve rapid economic and industrial transformation, it must first address the ...

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DMO's Abraham Nwankwo bows out from office

One of Nigeria's longest serving public servant, Dr Abraham Nwankwo, Director General of Debt Management Office (DMO) will bow out from office on Friday after serving for ten years.

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Rolls-Royce's £150m aerospace investment to safeguard 7000 jobs

Rolls-Royce has revealed that it is to roll out a new testing facility in Derby as part of a £150m investment that will help to safeguard 7,000 UK jobs.

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Nigeria: Osinbajo Offers 9 Months Grace Period to Tax Evaders

Acting President, Yemi Osinbajo on Thursday offered nine months grace period to tax payers to regularise their tax status or face criminal prosecution for tax offences.

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AfDB to empower 36000 youths on agriculture

The Country Director, African Development Bank (AfDB), Mr Ebraima Faal, said the bank is working on empowering 36,000 youths across 36 states of the federation on agriculture.

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Construction Work Tears Lagos Airport's Roof – FAAN

The Federal Airports Authority of Nigeria (FAAN), has said the leaking roof in a part of the Murtala Mohammed International Airport, Lagos, was due to ongoing construction works at the airport.

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EU suspends Official Financial Assistance to Nigeria

Nigeria's Vice-President Yemi Osinbajo flags off the clean-up in Ogoni land Bodo, Nigeria, during the start of an exercise to clean up pollution in Ogoniland, June 2, 2016.

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Before we start exporting yams

The revelation by the Agriculture and Rural Development Minister, Mr Audu Ogbe, that the Federal Government is targeting eight billion US Dollars worth of foreign exchange annually from the export of yams is an indication of government's seriousness in ...

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IBB owns Nigerians an apology for restructuring and devaluing the naira – Oshiomhole

All Progressives Congress (APC) chieftain Adams Oshiomhole said yesterday that former Military President and restructuring advocate General Ibrahim Badamosi Babangida owes the nation an apology for helping to bring it to its present level.

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FAAN blames reconstruction work for leaky roof at Lagos airport

Federal Airports Authority of Nigeria (FAAN), has attributed the leaky roofs currently being experienced by travellers at the Murtala Mohammed International Airport, Lagos, to ongoing construction exercise at the popular entry port.

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'Why Dangote is building world's biggest refinery'

The Dangote Group is building the largest single train petroleum refinery in the world with a production capacity of about 650,000 barrels per day.

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Customs intensifies campaign against trade malpractices, smuggling

As part of efforts to attain the Federal Government's ease of doing business initiative, the Nigeria Customs Service (NCS) yesterday renewed its campaign against trade malpractices and smuggling in the country.

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Nigeria's Diaspora Bond oversubscribed by 130%

ABUJA - Nigeria's ambitious drive to raise funds through its nationals abroad has fetched it a whopping $300 million realised through its first Diaspora Bond, which had been oversubscribed by 130 percent, demonstrating investors confidence in the ...

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Osinbajo reads riot act to tax defaulters

ABUJA—The Federal Government, yesterday, gave tax defaulters in the country March 31, 2018, deadline to pay up their taxes or face prosecution.

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Aviation union to picket NCAA over workers' welfare

The National Union of Air Transport Employees has said that it will picket the Nigerian Civil Aviation Authority next week if the agency fails to accede to the demands of its members for promotion.

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NNPC, Schlumberger agree on $700m joint venture

YENAGOA - Nigeria's state oil company said on Thursday it had agreed a joint venture to cover the more than $700 million cost of developing new oil fields in its southern Niger Delta energy hub.

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ZTE to devote 2 per cent of annual sales to build world's fastest 5G mobile phone network

The biggest Chinese phone equipment company will spend 2 billion yuan every year, equivalent to 2 per cent of annual sales, through 2020 to roll out the ultra fast 5G phone network.

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