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Business and Economy

After dissolving AEDC board, FG claims DisCo unable to meet $122m obligation

THE Federal Government, on Wednesday, explained why it constituted an interim team to manage  the affairs of the Abuja Electricity Distribution Company (AEDC). This explanation...

Petrol subsidy cuts NNPC’s remittance to N14bn in October, least in 10 months

PETROL subsidy has reduced the Nigerian National Petroleum Corporation (NNPC)'s remittance to the federation account to N14. 85 billion for the month of October.  This...

African airlines to lose $8.5bn in 2021- Report

THE  African Airlines Association (AFRAA) has forecast a full-year loss in revenue of $8.5bn for airlines all over the continent. It said in a statement...

Nigeria’s stock market gains N5bn after six days of losses

NIGERIA'S stock market gained N5 billion on Tuesday after incurring losses for straight six days. The market rose slightly by 0.022 per cent, with the...

Uncertainty over Nigeria’s power privatisation as Buhari sacks AEDC management

PRESIDENT Muhammadu Buhari, on Tuesday, approved the sack of the management of Abuja Electricity Distribution Company (AEDC), while approving a new interim governing board...

Tomori canvasses enabling environment for Nigerian pharmaceuticals to produce vaccines

A PROFESSOR of Virology Oyewale Tomori has urged the Nigerian government to create an enabling environment for Nigerian drug firms to produce vaccines and...

Power restoration in FCT, Niger, Kaduna, Kogi imminent as AEDC workers call off strike

POWER restoration at Abuja Electricity Distribution Company (AEDC) franchise areas is imminent as the labour union and relevant government agencies sign a memorandum of...

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Investigation: Inside Enugu immigration office where passport racketeering thrives

For four months, Arinze CHIJOKE monitored passport racket involving the Passport Collection Officer and other officers in the former...

After dissolving AEDC board, FG claims DisCo unable to meet $122m obligation

THE Federal Government, on Wednesday, explained why it constituted an interim team to manage  the affairs of the Abuja...

I have nothing to do with bandits anymore –Gumi

ISLAMIC cleric Ahmad Gumi has announced that he will no longer mediate between the Federal Government and bandits due...

Botched PDP building: Ex-chairman wants EFCC to investigate political party funds

THE FAILURE of the People's Democratic Party (PDP) national headquarters building project despite billions raised in donations has ignited...

Police claim two students died in Ojodu school truck accident

.....Police officer mourns daughter's death ....... School closes today, to resume January 4, 2022 THE daughter of a police officer, Yekini...
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