The Federal Government has said the new terminal of the Murtala Muhammed International Airport, Lagos, will be completed and put to use by the first quarter of 2019. The Minister of State for Aviation, Senator Hadi Sirika, who stated this at a stakeholders’ meeting in Abuja, said the terminal would be delivered before the general elections in…
President Muhammadu Buhari Monday in Abuja said Nigeria’s democracy is steadily improving with deeper understanding of the culture and tenets among the people, and strengthening of the institutions that guarantee free and fair elections.The President stated this when he received the Governor General of Canada, Rt. Hon. Julie Payette, at the Presidential Villa, Abuja. The…
Malam Is’haq Modibbo Kawu, Director-General of the National Broadcasting Commission (NBC), said that the commission had completed work on digital mapping of the entire country.Kawu made the disclosure at the 12th Afro-centric Biennial Conference and Exhibition of African Broadcasters organised by NBC, in Abuja. He also said that NBC would map out the population centres…
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, at the weekend said two modular refineries would be commissioned in Delta and Rivers states in December. Speaking at the 2018 graduation of the Petroleum Training Institute (PTI) Effurun, he added that government had issued licenses for 38 of the facilities currently at different stages…
Nigeria’s total power generation stock is expected to rise by 1,150 megawatts (MW) between 2019 and 2020, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has disclosed.Fashola, said recently in Lagos, that two power plants – the 700MW Zungeru hydro power plant and 450MW Okpai II gas power plant, would be ready to…
Nigeria is set to benefit from £1.2bn intervention fund, which the British government plans to pour into a number of countries to bridge access to communication. The Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta, disclosed this following a meeting with a team from the United Kingdom’s Department of Foreign and International Development. Source:…
Between January and June this year, the Federal Government generated a total amount of N1.16bn from the rail transportation system. The figure was contained in a report on the railway sector, which was prepared by the National Bureau of Statistics. The N1.16bn, according to the report, was generated from two main revenue sources. Source: Punchng.com
The nation’s stock market got a boost on Monday on the back of gains recorded by the banking and manufacturing sectors.The market capitalisation of equities listed on the Nigerian Stock Exchange increased by N105.4bn at the close of trading on the floor, while the All Share Index gained 0.88 per cent as the year-to-date return…
The Central Bank of Nigeria has listed only 34 firms as licensed primary mortgage banks in Nigeria. According to the list released by the regulator on Monday, 50 per cent of the banks are operating in Lagos. From its records as of the end of September, the CBN said 17 of the PMBs were in…
The Lagos State Government says it has partnered a firm to install additional 10,000 streetlights that will cover 300 kilometres in the state. The Commissioner for Energy and Mineral Resources, Olawale Oluwo, said the deal, which included the construction of LED lighting and hybrid energy power assembly plant, would provide about 500 direct and indirect…