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Power generation hits peak at 5,377MW

The power sector has recorded a peak generation of 5,377 megawatts, the Transmission Company of Nigeria has said.

Bayelsa community threatens Agip’s operations over alleged neglect

Operations of the Agip Oil Company in the Ogboinbiri community in the Niger Delta region are being threatened as tension brews...

US gives conditions for Boeing 737 MAX to fly again

The jet has been grounded since March 2019 following two deadly crashes.

Air Peace sacks 70 pilots, cuts salaries by 40%

A Nigerian airline, Air Peace, has sacked over 70 pilots across its fleet. It also reduced staff salaries...

Review courier regulation by NIPOST, LCCI tells govt

The Chamber of Commerce and Industry has described the dual role of the Nigerian Postal Service as a regulator and operator...

Breaking: Shoprite to exit Nigeria

South African Company, Shoprite Holdings Limited, says it will auction off its outlets in Nigeria, Standard Daily Times has learnt.

BUA posts Q2 N101.3bn revenue, N34.82bn after-tax profit

One of Africa’s largest cement producers, BUA Cement, has announced an impressive 2020 half-year results declaring revenues of N101.3billion and a...

Airlines to lose $2bn to COVID-19, says IATA

The International Air Transport Association has asked African governments to unblock bottlenecks ailing air transport and tourism by providing urgently needed...

Bayelsa communities give Shell 21-day notice over $14m debt

Some oil-producing communities in Bayelsa State have issued a 21-day notice to the Shell Petroleum Development Company of Nigeria Limited to...

FG approves N8.64bn counterpart funding for Siemens power deal

The Federal Executive Council on Wednesday approved the payment of €15.21 million (N6,940,081,465.20) offshore and N1.708 billion onshore as part of...

Senate summons Fashola, Ahmed, UBA, others

The Senate on Tuesday, summoned the management of the United Bank for Africa to appear before it over its alleged N41bn...

Naira plunges to N472/$ as forex scarcity worsens

The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange scarcity persisted.

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APC faults N18bn Rivers flyover loan

The All Progressives Congress in Rivers State led by Isaac Ogbobula has expressed sadness over the state House of Assembly’s approval...

Family qaccuses Ex-Oyo State Police Commissioner of extortion, unlawful detention

The family alleged that the former police chief unlawfully arrested a 79-year-old man and detained him for two days at the...

FEC agrees to N8.49bn for purchase of Covid-19 testing kits

The approval was given at the virtual council meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.

Serving northern governor among Boko Haram leaders, says ex-CBN Chief

According to him, “Some of us also have our intelligence networks. I have met with some of the bandits; we have met with some of their high commanders – one or two who have repented – they have sat down with us not once, not twice.