The Federal Government has said it would further review its pricing template for petrol with the aim of removing several multi-layered charges and costs that affect the pump price of petrol at service stations across the country.
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Air Peace says it has been designated by the Federal Government to operate flight services to seven international destinations.
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President Muhammadu Buhari is seeking approval from the National Assembly for a proposal to borrow $5.85bn from China to modernise the country’s rail network.
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Some private equity investors are reportedly seriously considering investing in Arik Air and Aero Contractors – two distressed local airlines that have been taken over by the Asset Management Corporation of Nigeria (AMCON).
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With the failure of the airports remodelling project of the former administration, there are indications that the government intends to replicate the facelift currently ongoing at the Lagos airport terminal in other airports across the country. Following the completion of the repairs of the runway at the Nnamdi Azikiwe International Airport, Abuja and the ongoing facelift of the terminal of […]
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Nigerian commander Remi Fadairo points to the roiling plume of black smoke blotting the morning horizon in the Niger Delta – the unmistakable sign of an illicit oil refinery. “Let’s see if we can go eat them for breakfast,” he says with an ominous chuckle. The 44-year-old colonel, a man with broad shoulders wearing his fatigues tucked into gumboots, is […]
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The Federal Government has set up a steering committee to monitor the construction of the new Lagos-Ibadan rail line and ensure the delivery of quality job by the contractor. The Managing Director, Nigerian Railway Corporation, Mr. Fidet Okhria, who disclosed this on Tuesday in a telephone interview with our correspondent, also said the construction work had commenced on the standard […]
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The Nigerian federal government has spent over N84 million for the transportation of air passengers between Kaduna and Abuja since the closure of the Nnamdi Azikiwe International Airport, Abuja. The sum was shared among three motor companies that provided 29 vehicles in total to transport the passengers during the Abuja airport closure. Chisco Motors provided eighteen vehicles, Auto Star Executives […]
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Olaoluwa Ogundipe, Principal Technical Assistant with the National Automotive Design and Development Council, has called on the Federal Government to ensure that Ajaokuta Steel Company functions at full capacity. Ogundipe told the News Agency of Nigeria (NAN) in Abuja that the company had lot of steel metal that could be used for automobile industry. “If Ajaokuta steel is functioning, there […]
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All appears set for the reopening of the Nnamdi Azikiwe International Airport (NAIA), Abuja, after six weeks of runway rehabilitation exercise. While workers are busy with finishing touches on the critical infrastructure, local airlines and their foreign counterparts have reopened sales and bookings on the Abuja route. With the cheering development, air travel activities and businesses in and around Abuja […]
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has continued his drive to have International Oil Companies (IOCs) operating in Nigeria deepen their investments in the country with a visit to United States oil firm, ExxonMobil. The minister according to a statement from the ministry yesterday in Abuja, met with top executives of ExxonMobil at its headquarters in […]
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Arik Air risks being sold or liquidated by the Federal Government. Already, the Asset Management Corporation of Nigeria (AMCON) has filed an affidavit at the Federal High Court, Lagos in a bid to recover its debts put in excess of N387 billion. It was learnt that government is contemplating selling off or liquidating the airline to recoup its investment in […]
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