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GE Aerospace wins Pentagon contract to build Mach 5 hypersonic test vehicle

GE Aerospace has received a US Defense Innovation Unit (DIU) contract to develop an air-launched hypersonic test vehicle capable of reaching Mach 5. The liquid-fueled...

NDPHC demands N400bn electricity market debt settlement

The Niger Delta Power Holding Company has called for the settlement of more than N400bn owed to it by electricity market participants, including the...

Union rejects Air Peace petition, honours police invitation

The Air Transport Services Senior Staff Association of Nigeria has described the petition filed by Air Peace against the union as ridiculous. The workers, who...

WIOCC secures $300m for Africa’s digital infrastructure expansion

WIOCC Group, a carrier-neutral digital infrastructure platform focused on Africa, has secured a combined $300m investment from Africa Finance Corporation and Vision International Investment...

Investors stake N3.35tn on T-bills at 16.84% yield

The Central Bank of Nigeria has lowered the stop rate on the one-year Nigerian treasury bill to 16.84 per cent, extending the recent decline...

Samsung hits CMA CGM with $186m complaint in US over delivery failures

Samsung Electronics America (SEA) is seeking at least $186 million in reparations from the world’s third largest container line CMA CGM in one of...

US moves to streamline deepwater port licensing

Proposed rule sent to White House advances Trump administration plan to shift environmental review responsibilities and accelerate LNG, oil export hubs The US Maritime Administration...

Zelenskyy warns airlines ‘safe days in Russia’s skies are over’

Ukrainian President Volodymyr Zelenskyy has warned airlines that “safe days in Russia’s skies are over”, suggesting that continuing to fly in the area could...

FLY91 places $1 billion order for 40 ATR 72-600s, largest in nearly a decade

Indian regional carrier FLY91 has placed a firm order for 40 ATR 72-600 aircraft in a deal valued at around $1 billion, marking the...

Woodside, Pemex eye new Gulf of Mexico deepwater oil & gas exploration opportunities

Australian energy giant Woodside is forging a path with Mexico’s state-owned petroleum heavyweight Petróleos Mexicanos (Pemex) to hunt for potential deepwater hydrocarbon plays in...

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