Emirates’ Loss Narrows To $1.6bn As Travel Restrictions Ease   Emirates Group has reported that its net loss for the first half of the 2021/2022 financial year fell to $1.6bn from $3.8bn in the same period a year ago as COVID-19 vaccinations eased travel restrictions, aiding...

Oil, Gas Exports Hit $1.6bn In One Year       The Nigerian National Petroleum Corporation (NNPC) exported oil and gas worth $1.61 billion between April 2020 and April 2021, latest information from the just-released full market and financial operations report from the national oil company has indicated. The...

FG Will Complete $1.6bn Lagos-Ibadan Railway December – Amaechi       The $1.6bn Lagos-Ibadan railway project will be completed in December this year or early January 2021, the Minister of Transportation, Rotimi Amaechi, announced on Thursday. Amaechi, who disclosed this during a live television programme that also had...

COVID-19: UK Announces £1.6bn Bailout For London’s Transport System   The British government will pump £1.6 billion into London’s public transport system to restore services and help prevent overcrowding as people return to work, operator Transport for London (TfL) said on Friday. London mayor Sadiq Khan is...

Despite $1.6bn Intervention, Grid Records 100 System Collapses   Power distribution companies have said that the country’s electricity grid has suffered nine system collapses this year and over 100 of such cases since the sector was privatised. According to them, the system collapse has continued to occur...

Refund $1.6bn To NNPC Subsidiary, Court Orders Firm An arbitration court has directed on Atlantic company to pay $1.6billion to a subsidiary of the Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) that was fleecing it. The Group Managing Director, Dr. Maikanti Baru,...