The Federal Government may prosecute oil magnate, Ifeanyi Ubah, who is currently being detained by the Department of State Services.
Continue reading »FED GOVT MAY TRY CAPITAL OIL CHIEF IFEANYI UBAH OVER ALLEGED N11BN OIL SCAM
Tag: Federal Government
TRANSPORT SECTOR RESTRUCTURING CRUCIAL TO NIGERIA’S ECONOMIC PROSPERITY, SAYS ONI
To achieve the transport component of the Vision 2020, and place Nigeria on the path of economic prosperity, a Professor of Transportation Geography, Department of Geography, University of Lagos, Samuel Iyiola Oni, has called for restructuring of the sector.
Continue reading »FG APPROVES N54BN FOR RECONSTRUCTION OF DILAPIDATED ODUKPANI-IKOT EKPENE ROAD
The Federal Executive Council (FEC) wednesday approved whooping N54 billion for the reconstruction of popular but collapsed Odukpani-Itu-Ikot Ekpene federal highway in Cross River State.
Continue reading »FG TO REVOKE LICENSES FOR PRIVATE REFINERIES
The Federal Government on Wednesday said it would revoke licenses given to individuals and corporate organisations for private refineries but were yet to be utilised.
Continue reading »AMCON INJECTS N1.5BILLION IN ARIK AIR
The Asset Management Company of Nigeria (AMCON) has injected N1.5 billion in Arik Airline Ltd to safeguard its operations since its takeover.
Continue reading »NIGERIA LNG EXPORTS LANDMARK 4000TH CARGO TO TURKEY
Nigeria LNG Limited (NLNG) on Monday reached another major milestone with the exportation of its 4000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which also received the company’s historic 3000th cargo, three years ago.
Continue reading »FG CONSIDERS FURTHER REVIEW OF PETROL PRICING TEMPLATE
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.
Continue reading »FG DESIGNATES AIR PEACE FOR SIX FOREIGN ROUTES
Air Peace says it has been designated by the Federal Government to operate flight services to seven international destinations.
Continue reading »FG SEEKS $5.85BN FROM CHINA FOR RAILWAY PROJECTS
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.
Continue reading »INVESTORS EYE AILING AIRLINES, ARIK, AERO CONTRACTORS
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).
Continue reading »FG PLANS FRESH UPGRADE OF 22 AIRPORT TERMINALS
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 […]
Continue reading »NIGERIA CRACKS DOWN ON ILLEGAL OIL REFINERIES
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 […]
Continue reading »