The House of Representatives said that Nigeria is losing $90.5million annually to shoddy concession deals in the aviation sector. The Chairman, Ad-hoc Committee investigating the governing lease of Federal Government-owned assets, Rep. Daniel Asuoqo (PDP-Cross River), made this known at…
The National Lottery Regulatory Commission (NLRC) says it is looking forward to generate N1 billion revenue monthly through the “National Games Initiative.” The Director-General of NLRC, Dr Lanre Gbajabiamila, made this known on Tuesday in Abuja at an interactive meeting with Dr…
…Hails Buhari, AU on adoption of single market deal …Receives Trade Minister The sustained investment on infrastructure in Lagos State is a deliberate attempt to position the State’s economy for more inflow of trade and economic partnership, Governor Babajide Sanwo-Olu…
Africa’s largest cement producer, Dangote Cement Plc has remained a major contributor to the economy with a tax charge of N97 billion for the financial year ended 31st December 2020, even as it proposed a dividend of N16 per share.…
By Kayode Tokede Following the release of its remarkable audited financial results for 2020, foremost Pan-African financial services conglomerate, United Capital Plc, held its Annual General Meeting on Tuesday, March 23, 2021 at Lagoon Restaurant, Victoria Island, Lagos. At the…
The Nigerian National Petroleum Corporation (NNPC) said on Monday that the $1.5 billion approved for the Port Harcourt refinery was for complete rehabilitation and not turnaround maintenance. The Group Managing Director (GMD), NNPC, Mele Kyari, said this in Abuja on…
President Muhammadu Buhari has approved the release of funds for the payment of itinerant workers engaged under the Special Public Works Programme. Minister of State for Labour and Employment, Festus Keyamo, SAN, stated this in a tweet via his official…
By Ayo Fadimu The All Progressives Congress (APC) Caretaker and Extra-ordinary Convention Planning Committee (CECPC) has approved the constitution of a 61-member Contact and Strategy Committee for the party. This is contained in a statement by Sen. John Akpanudoehede, National…
Ondo State Governor, Oluwarotimi Akeredolu, has warned Chief Sunday Igboho and others agitating for a sovereign Yoruba State to stay away from the state. Akeredolu said Ondo people have elected to stay in the Federal Republic of Nigeria as constituted…
The Department of Petroleum Resources ( DPR) has denied merger of bidders for the 57 marginal fields placed on offer during the Marginal fields bid round launched in June 2020. This is contrary to letters of awards being circulated by…
