60% Housing Stock In Nigeria Is Imported – Aliyu

Mallam Ibrahim Aliyu is the chairman of Urban Shelter Limited and former managing director of Nigeria Industrial Development Bank now Bank of Industry. In this interview with CHIKA OKEKE, he regretted that 60 per cent of Nigeria’s housing stock was imported saying that over 70 per cent of workers re... [More]

Abuja Airport Repairs 40% Completed, We’re Set To meet Target – FAAN

The Federal Airport Authority of Nigeria (FAAN) and Julius Berger, the contractor handling the repair of Nnamdi Azikiwe International Airport, Abuja runway, have said that the work is 40 per cent completed. The duo gave made this known in Abuja on Monday when members of the House of Representatives ... [More]

Turkish Airlines Offers Mobile Connectivity On-board

Turkish Airlines is offering “eXPhone” service for an uninterrupted communication during the flight which will redefine flight experience for customers across its over 200 destinations while on board. As an extension of Wi-Fi and live TV availability on its Boeing B777 and Airbus A330 aircrafts, Tur... [More]

Air Peace Sets For Dubai, Mumbai, Atlanta, London Routes

Domestic carrier, Air Peace Airline has concluded arrangements to commence the lucrative Dubai, Atlanta, London routes as a was to expand its destinations globally. Chairman/Chief Executive Officer, Chief Allen Onyema gave the assurance, when he was conferred with the award of “Aviation Man of the Y... [More]

Instant Payment Hits N38.2trn Transactions in 2016 – NIBSS

The Nigeria Inter-Bank Settlement System Plc (NIBSS) has said total volume of Instant Payment (NIP) transactions recorded 154.5 million with value of N38.2 trillion in 2016. This is an increase of 117 per cent increase from last year instant payment transactions. Of the four Africa countries observe... [More]

5 Banks’ Exposure To Oil & Gas Sector Hits N2.2trn

Despite the dwindling global oil Prices, five commercial banks’ exposure to the oil & gas sector hits N2.2 trillion in 2016, reflecting an increased investment at the detriment of Non-Performing Loans and rising loan loss provision in the banking sector. The exposure to the oil & gas sector ... [More]

Kaduna Airport Records 43,000 Passengers In First 11 Days Of Abuja Airport Closure

More than 43,000 passengers passed through the Kaduna Airport in itsfirst 11 days of operations as the alternative to the Abuja Airport, according to the latest data submitted to the Presidency by the Federal Government Coordinating Committee overseeing the management of the airport repair, closure ... [More]

Free 5,000 Housing Units For Low Income Earners In Kwara

In no distant future some 5,000 less privileged and low income earners in Kwara state will become proud owners of their own houses, courtesy of the state government and African Nations Development Programme (ANDP). The ANDP in its bid to bridge  Nigeria’s housing deficit  is undertaking the construc... [More]

Naira Consolidates Strength Against Dollar

The Naira on Friday in Lagos consolidated its position against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency on Friday afternoon exchanged between N380 (buying rate) and N390 (selling rate), stronger than N400 recorded on Thursday, while the pound... [More]

Reps To Investigate Appointment Of FAAN Directors

The House of Representatives on Thursday resolved to investigate recent appointment of directors for the Federal Airports Authority of Nigeria (FAAN) by the presidency. The House however mandated  its committee on Federal Character to carry-out a comprehensive review of all appointments and recruitm... [More]

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