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Leaving Arik Air in limbo

Many months after AMCON took over the management of Arik Air, the corporation has been unable to reposition the airline to profi tability thus making the future of the airline look bleak, reports IME AKPAN Since the Asset Management Corporation ...

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FG launches pre-offer roadshow for N100bn Sukuk

Debt Management Office (DMO) will today kick off activities preparatory to the Issuance of the much-awaited N100 billion non-interest-bearing bond popularly called Sukuk. A national roadshow led by the Director-General of the DMO, Ms. Patience Oniha, would visit major cities in Nigeria ...

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Finally, recession ends, hits .55% growth – NBS

… Ordinary Nigerians to feel impact – Buhari …Unemployment should be tackled –NASS After about 18 months of gruelling economic woes, the  Nigerian Bureau of Statistics (NBS) yesterday announced that the country’s  worst economic fears were over,  as it exited economic recession following ...

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FG approves rehabilitation of Kwara roads

Kwara state governor, Alhaji Abdulfatah Ahmed has disclosed that the Federal Executive Council has approved the rehabilitation of Share-Patigi road. Speaking during Sallah homage paid on him by traditional rulers from Kwara North at Government House, Ilorin yesterday, Ahmed said Ilorin- ...

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NNPC pockets FG’s N3.88trn – Report

Cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation (NNPC), stood at about N3.878 trillion as at December 31, 2015, a report by the technical sub-committee of the Federation Accounts Allocation Committee (FAAC), has revealed. ...

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FIRS generates N2.11trn in 7 months

Th e Federal Inland Revenue Service (FIRS) has generated N2.11 trillion as revenue from taxations between January and July, 2017. Th is was announced in a progress report of the FIRS from January to July, obtained by the News Agency ...

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Oniha: New era at DMO

  Th e Nigerian economy is set to be exposed to a fresh chapter of growth and development that would be as challenging as it would be rewarding with the appointment of Ms. Patience Oniha Director-General of the Debt Management ...

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Substandard phones can cause cancer – NCC

Nigerian Communications Commission (NCC) yesterday warned Nigerians against the use of sub-standard phones, saying this was responsible for some cancer ailments. An offi cial of the commission, Kunle Olorundare, gave the warning at a stakeholders’ workshop organised by the Ibadan ...

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NCC orders health checks on telcos

Nigerian Communications Commission (NCC) will sanction operators if they don’t pass financial and technical checks, in order to prevent a repeat of a situation involving Etisalat Nigeria, which was unable to pay $1.2 billion of debt. Sanctions are being considered ...

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…Prices skyrocket in Jigawa

Just days to the Eid el-Kabir celebrations, the prices of rams have shot up at all major markets in Jigawa state. According to the market survey conducted by our correspondent recently in the state revealed that the prices of Rams ...

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…Regrets cocoa sector neglect

 President Muhammadu Buhari has expressed regrets over the neglect of the cocoa sector over the years, saying his administration would work to re-position it and other non-oil export commodities. Buhari said this yesterday at the First International Cocoa Summit organised ...

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BoI vows to recover N8bn debt

Bank of Industry  (BoI) has vowed to recover the about N8 billion debt owed it by 53 “recalcitrant debtors.” Speaking before the House of Representatives Committee on Public Accounts in response to a query from the Auditor General of the ...

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Reducing Africa’s aid dependency

In view of Donald Trump Administration’s cut in the amount of aid that goes to Africa, AWAAL GATA suggests ways through which the continent could wean itself from aid dependency Right from when he started campaigning to become the President ...

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Sokoto pays UNICEF N1.8bn counterpart funds

Sokoto state Governor, Aminu Waziri Tambuwal, said the state government has paid N1.8 billion as counterpart funds on initiatives entered into with UNICEF to boost basic education, healthcare delivery and sanitation in the state. The governor, who stated this yesterday in ...

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Equity market sheds 1278.04 bp Stories

Transactions on the fl oor of Nigerian Stock Exchange last week closed in negative trend as investors sustaied profi t taking. Specifi cally, Market Capitalization depreciated of listed equities sheds N1.04 billion to N12.126 trillion from N13.166 trillion traded the ...

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US team begins NCAA audit

A team from the United States Federal Aviation Administration (FAA) has begun an assessment of the Nigerian Civil Aviation Authority (NCAA). A four-member team led by Louis Alvarez arrived in Lagos yesterday to carry out the auditing which commences today, ...

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NNDC, Turkey firm mull $15m investment on KTL

New Nigerian Development Company (NNDC) and Turkey-based, SUR Company, held extensive discussions at the weekend centered on a $15 million partnership to resuscitate the Kaduna Textiles Limited (KTL). The textile company, owned by the 19 Northern states, has been moribund ...

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