African Airlines’ Passenger Traffic Crashes By 65% - IATA   The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of the Omicron variant of Covid-19. A new report by IATA, the global...

Nigeria Targets $40bn Investments In Digital Infrastructure   The Federal Government is targeting $40billion private capital investments in digital infrastructure and facilitating the formation of up to $1 billion in private equity. The government estimates public investment of N150billion, according to National...

NLNG, NMDPRA Partner On Domestic Gas Supply   The Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Engr. Farouk Ahmed, said the Authority was ready to partner with the Nigerian Liquified Natural Gas (NLNG) towards solving Nigeria’s energy...

Subsidy Extension Stalls Petroleum Industry Act   Implementation of the Petroleum Industry Act (PIA) is no longer tenable with the continuation of petroleum subsidy payment. President Muhammadu Buhari will propose an 18-month extension to the National Assembly. The PIA, signed on August 16,...

NBET Pays N42bn To GenCos For November Power Supply   The Nigerian Bulk Electricity Trading Plc said yesterday it remitted N42 billion to power generation companies, GENCOs, for electricity supplied to the national grid in November, 2021. The bulk trader in a...

FAAN Targets 30% Revenue Increase   The Managing Director, Federal Airports Authority of Nigeria (FAAN) Captain Rabiu Hamisu Yadudu has said the authority will grow its revenue by 30 per cent by the second quarter of the year. Part of the strategy...