To cushion the effect of the cash squeeze affecting foreign airlines flying into Nigeria, the Central Bank of Nigeria (CBN) has released $300 million out of the $600 million airlines fund stuck in the country.
Some of the airlines have...
Former Vice President Alhaji Atiku Abubakar yesterday attributed stunted economic and socio-political development in African countries to the continent’s mono-crop economies, and called for immediate modernization and diversification of the economies as a solution.
As chairman of the occasion, Atiku...
The Association of Electricity Distribution (ANED) in Nigeria has faulted the statement credited to a business mogul, Alhaji Aliko Dangote, the president of Dangote group that the power privatization should be reversed by the federal government.
Dangote had last week...
THE Senate has discovered overtime cargoes worth billions of naira stacked at the Ikorodu Lighter Terminal, Lagos State, by the Nigeria Ports Authority (NPA) for not less than 10 years. The Chairman Senate Committee on Customs, Excise and Tariff,...
Stakeholders from the Niger Delta under the aegis of the Pan Niger Delta Forum attributed the renewed militancy in the region to what they called alienation and lack of meaningful development of the region.
They said they had consulted widely...
The President, Nigerian Gas Association (NGA), Dada Thomas lamented that players in the gas industry are running out of cash as a result of the N110 billion debt customers are owing gas producers.
Thomas, who is also the Managing Director,...
