Multiple Delays, Cancellations Leave Passengers Stranded at Airports Aviation Turbine Kerosene, popularly known as aviation fuel, has skyrocketed in price, leading to overcrowded airports, as airlines reschedule and cancel flights at short notice, leaving passengers stranded. This development occurred as the House of Representatives intervened in...

No Money to Meet ASSU's Demands - Ngige The Minister of Labour, Senator Chris Ngige has claimed the federal government does not have the money to meet some of the demands of the Academic Staff Union of Universities (ASUU). ASUU embarked on a one-month warning strike...

Remove Official Exchange Rate, Fuel Subsidy, IMF Urges FG   Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the Nigerian government to stop subsidising fuel. The Washington-based lender also asked the Federal Government to remove the...

FG Targets N50bn From Onitsha River Port Concession   The Federal Government has mandated the concessionaire of Onitsha River Port to generate N50 billion from the port in 30 years. The concessionaire, Universal Elysium Consortium, received approval from the Federal Executive Council (FEC) to Rehabilitate-Operate and Transfer...

FG Stakes N52.7bn To Clear Petrol Bridging Debt   To sustain the supply of premium motor spirit (PMS) in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that it has paid over N22 billion as part of the backlog owed to...

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 Development Plan 2021-2025 obtained by...