Business

Boeing's troubled jet will cost $1 billion to fix

Boeing estimates that it will spend $1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people.

The estimate was disclosed Wednesday in a presentation for investors as Boeing released first-quarter financial results, which missed Wall Street expectations. A spokesman said the estimate covered higher production costs over the next several years.

Shell strikes big oil in Blacktip well of Gulf Of Mexico

Royal Dutch Shell's U.S. unit said on Wednesday that it had made one of its biggest oil discoveries in the Blacktip deepwater well in the U.S. Gulf of Mexico.

Blacktip, operated by Shell and co-owned by U.S. oil giant Chevron Corp, Equinor ASA and Repsol, is the company's second material discovery in the Perdido Corridor, Shell's Upstream Director Andy Brown said.

"The Blacktip exploration well has encountered more than 400 feet (122 metres) net oil pay with good reservoir and fluid characteristics," the company said.

Malabu Oil Scandal: Adoke asks court to set aside order of arrest

Former Minister of Justice, Mr Mohammed Adoke, has asked a High Court of the Federal Capital Territory to set aside its earlier order issued for his arrest over his alleged involvement in deals regarding the sale of Malabu oil.

Doctors are free to leave Nigeria, I’m not worried – Ngige

The Minister of Labour and Employment, Mr Chris Ngige, has said that he was not bothered about the decision of medical doctors who choose to leave Nigeria to practice outside the country.
Ngige, who was a guest on Channels TV Sunrise Daily, said that the practice was not alien to Nigeria, because he was taught by Indians in secondary school.

ERA visits Plateau Assembly (Photo)

Mr. Philip Jakpo presenting ERA memo at Plateau State House of Assembly.

Court renews arrest warrant on Okocha

Justice Adedayo Akintoye of a Lagos High Court in Igbosere has renewed a bench warrant for the arrest of a former Super Eagles star, Austin Okocha, popularly known as Jay Jay Okocha, over alleged tax evasion.

Easter: NNPC to berth two vessels of 50m liters of petrol daily

By Mary Okoh
Enugu

How new wave of cybercrime, terrorism is threatening Nigerian govt’s efforts, by Buhari

By Valentine Amanze (with agency report)

Enugu govt awards N1.1b contract

By Mary Okoh
Enugu

The Enugu State government has awarded contracts for infrastructural development worth over N1.1 billion.

The Commissioner for Works and Infrastructure, Mr. Greg Nnaji, disclosed this after the state executive council meeting at the Government House, Enugu.

Man wants Court to shutdown NBC over contaminated products

...demands N25m compensation
By Ummi Ismaeel,
Minna

A Federal High Court sitting in Minna, the Niger State capital, has been asked to shutdown the Nigerian Bottling Company (NBC) Plc over contamination of one of its brands widely consumed in Nigeria, Coca Cola.

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