Abuja queues: Buhari increases freight rate for fuel transporters
In a bid to clear the persistent fuel queues by motorists in parts of the country, the President, Major General Muhammadu Buhari (retd.), has approved an increase in the freight…
FG plans 17 airports’ concession, to unbundle aviation rules
At least 17 airports under the management of the Federal Airports Authority of Nigeria that are currently not up for concession are going to be given to concessionaires, the Federal…
High inflation, fiscal deficit to persist in Nigeria -IMF
The International Monetary Fund has said that the rate of inflation in Nigeria is expected to remain elevated in 2022. According to the lender, the fiscal deficit of the consolidated…
High taxes weaken consumer spending, experts tell FG
Economists have warned that high tax burden on Nigerians will shrink consumer wallets and exacerbate an already high cost of living for Nigerians. The warning follows recent rate hikes in…
Integrated transport system vital to job creation, says Fashola
The Minister of Works and Housing, Mr. Babatunde Fashola, has said the integrated transport system is a means of economic investment through the provision of jobs and career opportunities for…
WTO strikes landmark deal on food security
The World Trade Organization concluded hard-won deals Friday on fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks. WTO director-general Ngozi…
Probe begins as Overland aircraft’s engine catches fire midair
The Accident Investigation Bureau has begun an investigation into the emergency landing of a Lagos-bound Overland Airways aircraft which developed a technical fault midair on Wednesday. The distressed aircraft with…
Fuel crisis: Three airlines about to collapse, say operators
The Airline Operators of Nigeria on Wednesday said over 70 airlines have gone into extinction in Nigeria in the past few years and three others currently in operation may collapse…
FG studying UK ruling over oil fraud – Minister
The Minister of Information and Culture, Lai Mohammed, said on Wednesday that the Federal Government lawyers are still studying the judgment of a United Kingdom Commercial Court that ruled out…
Nigeria’s worsening insecurity worries IMF
The International Monetary Fund has expressed concern over the heightened level of insecurity in Nigeria, adding that it is one the factors causing subdued Gross Domestic Product figures in the…
Passengers panic as Overland aircraft’s engine catches fire midair
A four-member flight crew of Overland Airways made a successful landing of a distressed aircraft on the Runway 18R of the Murtala Muhammed International Airport, Lagos, on Wednesday evening, after…
Crypto, NFTs based on greater fool theory, says Bill Gates
Co-founder of Microsoft, Bill Gates said investing in cryptocurrencies like nonfungible tokens is based on the greater fool theory. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire expressed doubt…
