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FG suspends national carrier project indefinitely

FG suspends national carrier project indefinitely

Okechukwu Nnodim, Abuja The Federal Government has suspended the planned commencement of operations of Nigeria Air. Although no reason was given for the suspension, it was gathered that the national carrier project had been put on hold in the interim. The Federal Government, through its Ministry of Transportation, the Aviation arm, had announced in July […] …

UK, group to monitor $322m Abacha loot spending

UK, group to monitor $322m Abacha loot spending

Olaleye Aluko, Abuja A civil society organisation, African Network for Environment and Economic Justice, said on Wednesday that it had begun the monitoring of the Federal Government’s disbursement of the $322.5m General Sani Abacha loot recovered from Switzerland. The group said it was working with six other partners with the support of a United Kingdom […] …

FG targets N6bn from 20 silos’ concession

FG targets N6bn from 20 silos’ concession

Ade Adesomoju, Abuja The Federal Government is to get about N6bn from the concession of 20 silos in different parts of the country to private sector operators. The Minister of Agriculture and Rural Development, Audu Ogbeh, told State House correspondents in Abuja that the Federal Executive Council approved the plan at its meeting presided over […] …

Okitipupa oil palm workers protest unpaid salaries

Okitipupa oil palm workers protest unpaid salaries

Peter Dada, Akure Workers of the Okitipupa Oil Palm Company in the Okitipupa Local Government Area of Ondo State have called on Governor Rotimi Akeredolu to intervene in the alleged maladministration of the firm. The workers, who alleged that the state government-owned company was owing them seven months’ salaries, staged a protest and demanded the […] …

Gas pipeline: NNPC negotiating with Chinese lenders

Gas pipeline: NNPC negotiating with Chinese lenders

Everest Amaefule, Abuja The Nigerian National Petroleum Corporation says it is concluding negotiations on terms of funding and payback structure for the Ajaokuta-Kaduna-Kano gas pipeline project with Chinese lenders. The Group Managing Director, NNPC, Dr Maikanti Baru, said this at the Nigerian Day during the 30th edition of the Gas Technology Conference in Barcelona, Spain, […] …

FG awards contracts for mapping gold deposits, others

FG awards contracts for mapping gold deposits, others

Everest Amaefule, Abuja The Federal Government has awarded five contacts for the mapping of gold and other key minerals’ deposits across the country. The Minister of State for Mines and Steel Development, Mr Abubakar Bwari, disclosed this in an address delivered at the Nigeria Business and Investors’ Forum held in Zurich, Switzerland. In the address, […] …

C’River, Osun, Ekiti rank lowest in financial control

C’River, Osun, Ekiti rank lowest in financial control

Okechukwu Nnodim, Abuja Cross River, Osun and Ekiti states have emerged as the three states with the lowest performance in terms of being financially sustainable. According to the Fiscal Sustainability Index for the 36 states as contained in the 2018 edition of the ‘State of States’ report released by BudgIT on Tuesday, Cross River ranked […] …

Dangote unveils BlocMaster cement

Dangote unveils BlocMaster cement

Builders and other stakeholders have lauded the BlocMaster Cement that was formally launched by Dangote Cement Plc in Kano on Tuesday, describing it as extra strong and the best for block moulding in Nigeria. Before it was unveiled, the innovative cement product had been adjudged as being ideal by engineers, builders and block moulders, due […] …

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