Nigeria's Oil Production Ends in 41 Years - World Bank

Nigeria's oil reserve will be depleted in 41 years, according to a World Bank Group's twice-yearly analysis of the issues shaping Africa's economic prospects called Africa's pulse.

Nigeria: Govt Approves Billions for Construction of Five New Airports

The Federal Government has approved a sum of N106 billion naira, through the Federal Executive Council (FEC), to commence the construction of five new, world-class international airports.

Minister of Aviation, Princess Stella Oduah disclosed this in Abuja during a media briefing to update stakeholders on the development in the aviation sector.

Nigeria: Lagos Teachers Begin Strike Today

Teachers in Lagos state public primary and secondary schools have begun their statewide strike action today.

In a press briefing by the state chairman of Nigerian Union of Teachers, Comrade Samson Kayode Idowu, the teachers vowed to go ahead with the strike since the state government had failed to hearken to their demands.

Nigeria: N5000 Note Officially Suspended

Obviously bowing to pressure from the public and particularly the National Assembly, whose leadership met with him of Tuesday on the issue, President Goodluck Jonathan Thursday in Abuja directed the Central Bank of Nigeria (CBN) to stop further action on the proposed currency restructuring exercise, including the introduction of the N5,000 banknote.

Nigeria: Ex-Minister Arrested Over Oil Theft

Former Minister of Interior and chairman of Integrated Oil and Gas Limited Captain Emmanuel Iheanacho has been arrested over allegations linking his company oil theft, according to Channels Television news monitored last night in Abuja. The former minister is said to be in the custody of the State Security Service (SSS), but this could not be confirmed last night as calls put through the SSS spokeswoman Marylin Ogar.

Nigerians Surprised Over Lifting of Dana Airline Ban

Nigerians were surprised when the Federal Government, on Tuesday, September 4, announced the lifting of the suspension on the flight operations of Dana Airlines. Coming exactly 93 days after its Flight 992 crashed in Iju-Ishaga on the outskirts of metropolitan Lagos, with all 153 on board and another six on ground killed in a tragedy officially tagged the worst airline accident this year worldwide, mixed reactions were bound to follow in its wake, and they did.

Nigerians to Experience Uninterrupted Power by December

Abuja — The Federal Government has disclosed that construction work on the Lagos-Ibadan road will commence within the next four to six weeks, just as it said Nigerians would begin to experience uninterrupted light by December, 2012 with plans to generate 5,400 mega watts from the current 4,400 mega watts.

Dangote Promises More Investments for Jobs Creation

Lagos — Following a recent global survey which showed that Nigeria has the potential to lead Africa in terms of growth by 2020, President of Dangote Group, Alhaji Aliko Dangote has reassured that all his investments would be tailored towards job creation for gainful employment to alleviate poverty among the people.

A Boeing 727-200 Home Project

An option to a new $200K stick home:  A used multimillion dollar aerospace quality home.

Bruce Campbell of Portland, Oregon,USA has converted a Boeing 727 Jet to a home. Paying $100,000 to Olympic Airways in Greece.He acquired the jet at the end of its flying life from Olympic Airways in Greece, had it flown from Athens to Oregon, and finally towed to his land. (The average home in the USA costs $186,000-so $100,000 doesnt seem too bad).