Metro

The Nigerian Aviation Handling Company Plc (nahcoaviance) has announced the appointment of Mr. Sehinde Fadeni Oladapo as its Chairman, Board of Directors. Oladapo takes over from Arc Usman Arabi Bello, who resigned from the position on Thursday, October 25, 2018. In a notice sent to the Nigerian Stock Exchange, (NSE),the Company stated that the appointment of Mr. Oladapo, who is …

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The Peoples Democratic Party’s governorship candidate in Lagos State, Mr. Jimi Agbaje, has announced a lawyer, Mrs. Haleemat Busari, as his running mate. The law graduate from the University of Lagos is a Director on the board of several blue-chip companies. She was a director in Zain Nigeria Ltd (now Airtel Nigeria, a leading telecommunications company) and a serving director …

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President Muhammadu Buhari on Thursday said Nigerian economy under his watch was looking good. He, however, promised his administration’s commitment to making it better. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the new Ambassador of the Kingdom of Denmark to Nigeria, Mr. Jesper Kamp, at the Presidential …

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Defending the naira has become more expensive as Nigeria’s foreign reserves declined by $2.2 billion in October 2018 alone — the largest monthly drop since 2015. Data from the Central Bank of Nigeria (CBN) has shown that the reserves shed $2,243,157,059 in October, moving from $44,305,099,104 on the last working day of September to $42,061,942,045 as at October 30, 2018. The country’s …

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The Nigerian Civil Aviation Authority (NCAA) has said that its attention has been drawn to a report titled Controversy trails renewal of defunct CHANCHANGI Airways Air Operating Certificate published in one of the daily newspapers dated 31st October 2018. It said the agency wishes to state that there is no controversy at all concerning the Air Operators Certificate (AOC) of …

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In the light of NNPC’s proposal to construct two 100,000 bpd greenfield refineries in Delta and Imo States, BudgIT, a civic technology organization at the forefront of raising the standards of transparency, citizen engagement and accountability, has asked the Federal Government to first do a root cause analysis on the abandonment of Nigeria’s greenfield refineries earlier announced for Kogi, Bayelsa, …

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The remains of Muhammed Alkali, the retired army general, who was declared missing on September 3, have been found in an abandoned well in Guchwet, Shen of Jos south local government area of Plateau state. A source disclosed this to TheCable, saying the military authorities would soon make it public. Umar Mohammed, leader of the operation search and rescue, later …

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Nigeria has dropped a spot on the latest World Bank Ease of Doing Business ranking. The bank released the report themed ‘Doing Business 2019: A Year of Record Reforms, Rising’ on Wednesday. In the 2017 edition of the report, Nigeria moved 24 places from its 2016 spot of 169 to 145. Advertisement In the 2018 edition, Nigeria ranked 146. Mali …

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Over 1.1 million Nigerians have slipped into extreme poverty in just four months, TheCable has reported. This has brought the number of Nigerians living in extreme poverty — or below $1.90 a day — to 88 million. In June 2018 the Brookings Institution named Nigeria as the poverty capital of the world, with 86.9 million extremely poor people. Nigeria overtook India …

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Mr. Rotimi Amaechi, the Minister of Transportation has said that he was not impressed with the pace of work at the Lagos end of the Lagos-Ibadan rail project. Amaechi expressed his disappointment during the monthly inspection of the project in Ibadan on Tuesday. “There is a slow pace of work in the Lagos axis of the project, “The expectations from …

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