FG to establish maintenance centre for aviation sector
The Federal Government is set to establish a Maintenance, Repair and Overhaul Centre through Public Private Partnership to reposition the aviation sector in the country. The Minister of Aviation,…
FAAN reopens Lagos airport runway
The domestic runway (18L/36R) of the Murtala Muhammed Airport in Lagos was reopened on Thursday for flight services, four months after it was closed down by the Federal Airport Authority…
Anambra residents decry Soludo’s tax scheme
The governor of Anambra State, Prof. Chukwuma Soludo, has once more become the subject of intensive scrutiny following his tax schemes. There was commotion last Friday at Kings Planet International…
FG disburses N101bn from healthcare provision fund
The Federal Government has disbursed N101billion to 7,600 primary healthcare facilities from the Basic Healthcare Provision Fund. Secretary of the Ministerial Oversight committee for BHCPF in the Ministry of Health,…
Agro-allied industry, way out of oil dependence- IPAN
The Institute of Public Analysts of Nigeria said the country needs to tackle issues preventing its agro-allied industry from growing in order to ensure that Nigeria’s economy is less-dependent on…
UK economy shrinks by 0.2%, recession looms
The United Kingdom appears to be heading into recession after the latest official figures showed the economy shrank between July and September. BBC reported that the economy contracted by…
Subsidy removal: Petrol may hit N410 per litre – NNPC
The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that without fuel subsidy, the Premium Motor Spirit, known better as petrol may cost N410 per litre.…
Crypto billionaire Bankman-Fried loses 94% wealth
Crypto billionaire, Sam Bankman-Fried, has experienced a 94 per cent overnight decline in his wealth, according to the Bloomberg Billionaires Index. The Bloomberg wealth index predicted that current FTX investors,…
Nigeria’s debt hits N42.84tn in Q2 – NBS
Nigeria’s public debt stock increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021 to N42.84 trillion (103.31 billion dollars) in the corresponding period in 2022. Public…
Musk sells $3.9bn Tesla shares after Twitter deal
Tesla boss and new Twitter CEO, Elon Musk, has sold another 19.5 million shares of the electric car maker worth $3.95bn. This is coming less than two weeks after…
Binanace to acquire rival crypto platform FTX
The world’s largest cryptocurrency company, Binance has reached a deal to acquire its rival FTX.COM. Although, the transaction excludes FTX.us and Binance.us two distinct companies focused on the United…
NUPENG suspends proposed strike after LASG intervention
The National Union of Petroleum and Natural Gas Workers has called off its proposed strike before the November 6 ultimatum following the Lagos State government intervention. The NUPENG chairman…
