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2 February

Niger urges FG to complete Suleja – Minna road before raining season

Olabode Adaramola Niger state government has sent a passionate appeal to the Federal Government to as a matter of urgency , ensure the completion of the Suleja – Minna dual carriage road project before the commencement of this year’s raining season. The appeal was contained in a Press statement made available to the news men in Minna yesterday by the …

2 February

NCPC Boss Seeks Greater Cooperation With The NAHCON

The Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja has stressed the need for continued cooperation between the Nigeria Christian Pilgrim Commission and the National Hajj Commission of Nigeria (NAHCON). He disclosed this in Abuja during a courtesy visit to the Chairman/CEO of NAHCON Alhaji Abdullahi muktar in Abuja. The NCPC boss described the Hajj …

2 February

Worse than Boko Haram is here in Fulani herdsmen-Ore, PFN CHAIR

Chairman of the Pentecostal Fellowship of Nigeria (PFN), Lagos Chapter, Bishop Sola Ore has called on the Federal Government to check the incessant killing of Christians by the Fulani herdsmen in Nigeria. Ore who addressed the press during the Lagos PFN’s meeting at FESTAC Town, Lagos, pointed that the group has been interceding for Nigeria as well as carrying out …

1 February

FG reiterates commitment to tackling humanitarian challenges in the North East

The Nigerian Government is committed to putting energy and resources into addressing the humanitarian challenges in the North East of the country and will strongly support any initiative by the international community in that direction. Budget and National Planning Minister, Senator Udoma Udo Udoma indicated this in Abuja when the Ambassadors of Norway and Germany, Mr Jens-Petter Kjemprud and Barnthard …

1 February

Investment inflow drops to ten year low at $5.12bn

The Nigerian economy recorded its worst investment inflow in ten years with the country attracting a total investment of $5.12bn in the 2016 fiscal period. The $5.12bn investment figure when compared to the $9.64bn which the economy attracted in 2015 represents a huge decline of $4.52bn or 46.86 per cent. The decline was confirmed in the capital importation report which …

1 February

Power supply improves at 3,528MW generation

The Transmission Company of Nigeria (TCN) says that the nation’s power generation improved slightly to 3,528.90 megawatts on Feb. 1 from 2,662 megawatts on Jan. 22. This figure was disclosed on the website of the Nigerian Electricity System Operator (SO), a sub-agency of the TCN, in its daily forecast on power generation in Lagos on Wednesday. “The slight increase in …

1 February

Forte Oil Suffers 50.1% Drop In Full Year Profit

The harsh economic realities is beginning to take its tolls on the country’s indigenous oil and gas marketing company, as Forte Oil Plc on Tuesday reported a decline in its full year profit after tax for the period ended December 31, 2016. Specifically, the company results showed 50.1 percent drop from N5.794 billion that was reported in 2015 to N2.890 …

1 February

Med-View Airline list N16.5bn Shares on NSE, reveals N58.5b projected revenue by 2020

The management of the Nigerian Stock Exchange (NSE) on Tuesday listed MED-VIEW Airline’s 9,750,649,400 ordinary shares of 50kobo each at N1.50kobo per share on the floor of the Stock market, valued at N16.5 billion. This is just as the airline also stated that it is projecting growth despite challenges in 2020 with a revenue growth forecast of N58.5billion, improving on its …

1 February

FG secures $1.5b loan for Lagos-Ibadan rail project

The Federal Government has secured $1.5 billion from the China Exim Bank to begin work on the Lagos-Ibadan rail line project. Briefing the Senate Committee on Land Transport, chaired by Gbenga Ashafa, Minister of Transport, Rotimi Amaechi explained that the foundation of the Lagos-Ibadan Segment Two of the Lagos- Kano rail project would be laid before March 31. He explained that …

1 February

FRSC begins enforcement of speed limiter

After several weeks of intensive campaign, the Federal Road Safety Corps (FRSC) on Wednesday commenced full enforcement of installation of speed limiting device in commercial vehicles nationwide. The Head, Media Relations and Strategy, FRSC, Bisi Kazeem, explained yesterday in Abuja that sector and field commands of the agency had been fully mobilised for the exercise. He said the army, police, …