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Latest News I may die in DSS custody - Sowore CONFIRMED: Nnamdi Kanu’s father is dead Angry Nigerians attack Rotimi Amaechi in Spain Sowore: SERAP condemns re-arrest, invasion of Justice Ojukwu’s court Governor arrested over corruption allegations EEDC urges customers to embrace Distribution Transformer Metering and MAP scheme Electrocution of inmates: FG suspends seven officers, personnel of Correctional Service Robbers device new method of attacking bank customers Many feared trapped as multi-storey building collapses Sowore’s rearrest: ‘This has never happened before’, Falana slams DSS Imo community to abolish ' Osu ' caste system December 27 Sex scandal: Ekiti varsity sacks randy lecturer, others

 

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Oil giant plans world’s biggest IPO ever

Oil giant plans world’s biggest IPO ever  Saudi Aramco, Saudi Arabia's state-owned oil company, on Thursday set a share price for its initial public stock offering — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. The company said it would sell its shares at...... more

Border drill, boost for rice production, self-sufficiency — FG

Border drill, boost for rice production, self-sufficiency — FG The Minister for Information and Culture, Alhaji Lai Mohammed, has said the ongoing border drill that has largely curbed foreign rice smuggling into Nigeria has boosted rice production while fast-tracking the country's quest to achieve self-sufficiency in rice farming. The Minister stated this at a press conference he addressed after leading...... more

Lagos trains 350 women, youth agro-entrepreneurs

Lagos trains 350 women, youth agro-entrepreneurs The Lagos State Agro-Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) project has started a two-week residency training for 350 women and youth agro-entrepreneurs. This is contained in a statement issued on Thursday, in Lagos, by Mrs. Folake Ogunlana-Lawal, the project’s communication officer, who quoted the coordinator, Mrs. Oluranti Sagoe-Oviebo, as...... more

Dangote Refinery good example of local content — Wabote

Dangote Refinery good example of local content — Wabote The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDM), Mr Simbi Wabote, says the 650,000 barrels per day Dangote Refinery Project is an actualisation of Local Content Development in Nigeria. Wabote made this known while fielding questions from newsmen at the ongoing 9th Practical Nigerian Content Forum in Yenagoa on...... more

Stakeholders seek streamlined regulatory environment to attract more investments

Stakeholders seek streamlined regulatory environment to attract more investments Oil and Gas industry stakeholders, on Wednesday, called for a streamlined regulatory environment to attract investments and make the sector competitive. The stakeholders made the submission at the ongoing Practical Nigerian Content Conference and Exhibitions holding in Yenagoa. The theme of the conference is “Leveraging Local Expertise for Market Growth and...... more

Oil discovery in the North will boost job creation - NNPC GMD

Oil discovery in the North will boost job creation -  NNPC GMD The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari has outlined possible ways the Nigerian economy could reap from the recent discovery of hydrocarbon deposits in the Kolmani River II well in the Upper Gongola Basin section of Benue Trough. Speaking at the recently concluded 9th...... more

Reps increase 2020 Budget to N10.6tn

Reps increase 2020 Budget to N10.6tn The House of Representatives has increased the 2020 Appropriation Bill from N10.33 trillion to about N10.6 trillion. During plenary on Wednesday, the new figure was proposed by the House Committee on Finance. The Committee is scheduled to lay its report on the national budget at the plenary today, Wednesday, December 4....... more

NCDMB-sponsored modular refinery to begin operations in July 2020

NCDMB-sponsored modular refinery to begin operations in July 2020 Waltersmith modular refinery, a 5,000-barrel-per-day production capacity facility being promoted by Nigerian Content Development and Monitoring Board (NCDMB), will commence operations in July 2020, an official says. The Executive Secretary of NCDMB, Mr. Simbi Wabote, made the fact known at the opening ceremony of the 9th Practical Nigerian Content conference and...... more

Apple set to release biggest iPhone in 2020

Apple set to release biggest iPhone in 2020 Come 2020, Apple is planning to unveil the biggest iPhone ever, a report out of Asia claims. Apple’s 2020 lineup will top out with an iPhone whose screen measures 6.7 inches diagonally, according to Korean news site ETNews. That’s only about an inch less than the display of Apple’s iPad Mini,...... more

Terra Cares4Naija storms Sari Iganmu (Lagos) as Journey of 10,000 Smiles continues

Terra Cares4Naija storms Sari Iganmu (Lagos) as Journey of 10,000 Smiles continues TGI Distri on Saturday, November 30, 2019 stormed the Sari Iganmu community, Lagos, to brighten up the Christmas celebration for the underprivileged kids and adults in the community. The outreach tagged, “Terra Cares4Naija”, is TGI Distri’s  effort to spread love, care, smiles and give nutritious meals as over one thousand residents...... more

Eland shareholders approve £382m takeover by Seplat

Eland shareholders approve £382m takeover by Seplat Shareholders of Eland Oil & Gas Plc have given their overwhelming backing to the £382 million takeover of the company by an indigenous oil and gas producer, Seplat Petroleum Development Company Plc. At two meetings of shareholders on Wednesday, November 20, resolutions in favour of the proposed takeover of Nigeria-focused Eland...... more

DPR assures on products availability during Yuletide

DPR assures on products availability during Yuletide The Department of Petroleum Resource (DPR) has assured Nigerians of adequate supply of products across the country before, during and after the yuletide season. Acting Director of Operations, Abuja Zonal Office, Alhaji Idris Mohammed, disclosed this in an interview with News Agency of Nigeria (NAN) in Abuja on Sunday. “You can...... more

$60b forex cash keeps naira stable for 29 months - Emefiele

$60b forex cash keeps naira stable for 29 months - Emefiele The $60 billion inflows from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has contributed to the sustained stability of the naira against world currencies for the last 29 months, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said. Speaking at the 54th Annual Bankers Dinner held in...... more

African Development Bank approves $210m for Nigeria Grid BNN

African Development Bank approves $210m for Nigeria Grid BNN Transmission Company of Nigeria (TCN) has secured $210 million funding from the African Development Bank to upgrade the nation’s dilapidated power lines and distribution infrastructure, the Abidjan-based bank said in a statement. The project, which is aimed at improving the reliability of Nigeria transmission grid in seven states -- Kano, Kaduna,...... more

Firm kick starts free development classes for young Nigerian entrepreneurs

Firm kick starts free development classes for young Nigerian entrepreneurs A leading HR outsourcing and consulting company in Nigeria, Whyte Cleon Limited has announced the soon to commence Entrepreneurial Development Training, designed for its ex-employees. The company’s Chief Executive Officer & Managing Director, Mrs. ‘Nireti Adebayo, said this while addressing press men during the announcement of activities leading to the celebration...... more

CBN intervenes in forex market with $323.5m, CNY17.9m

CBN intervenes in forex market with $323.5m, CNY17.9m In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an injection of $323.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and short tenored forwards segment of the inter-bank foreign market. The CBN...... more

AfDB approves $210m for Nigeria Transmission Expansion Project

AfDB approves $210m for Nigeria Transmission Expansion Project The Board of Directors of the African Development Bank (AfDB) Group has approved 210 million dollars financing package for the Nigeria Transmission Expansion Project (NTEP1). The bank in a statement issued, on Friday, said that the package sought to rehabilitate and upgrade the nation’s power lines and improve distribution and supply....... more

South African Airways ordered to stop ticket sales

South African Airways ordered to stop ticket sales  Market jitters over the future of SAA on Thursday saw one of SA’s largest travel ticket retailers decide to stop selling SAA tickets and a top travel insurer withdrawing insolvency cover for tickets sold going forward. The news came as government officials from the National Treasury and the department of public...... more

Black Friday: Why many Nigerians will shop on Konga today

Black Friday: Why many Nigerians will shop on Konga today As the official celebration of the shopping season –Black Friday– holds Friday, November 29, Nigerian shoppers have disclosed the major items they will be looking out for as well as their most preferred platforms for shopping on Friday. A survey conducted by Retail Analytics & Audit, a retail-focused research and advisory...... more

14 Korean companies to invest in Nigeria

14 Korean companies to invest in Nigeria About 14 Korean companies will invest in Nigeria soon, the Korean Ambassador to Nigeria, Lee In-Tae, said on Thursday. Ambassador Lee also said Korea’s bilateral trade volume with Nigeria rose to $2billion in 2018 due to trade increase between the two countries. He disclosed this in Abuja at the Korea-Nigeria joint...... more

Buhari unveils strategy for digital economy

Buhari unveils strategy for digital economy President Muhammadu Buhari, on Thursday, unveiled a strategy document aimed to galvanise the nation’s digital economy. The President unveiled the strategy at the eNigeria Conference, Exhibition and Awards for 2019 held in Abuja, the nation’s capital. He also directed development and training of personnel in digital economy across all ministries, departments...... more

Excitement as Konga Travels rolls out mouth-watering deals for Konga Yakata

Excitement as Konga Travels rolls out mouth-watering deals for Konga Yakata Air travelers are in for a great time as Nigeria’s foremost travel booking agency, Konga Travels and Tours has put together a mouthwatering offer for travellers looking for great deals for the festive season. Specifically, the deals are part of the ongoing Black Friday sales of the e-commerce giant tagged Konga Yakata. Top...... more

Technology will change Nigeria, no one can stop it — Zinox Boss Ekeh

Technology will change Nigeria, no one can stop it — Zinox Boss Ekeh Chairman, Zinox Group, Leo Stan Ekeh, has declared that technology will disrupt several spheres of the Nigerian economy in the next 10 years, claiming that no one has the capacity to stop the coming wave of positive technological disruption. Consequently, Ekeh has urged Nigerians, mostly the youths to take advantage of...... more

NNPC, Chinese firm plan to commence AKK project

NNPC, Chinese firm plan to commence AKK project The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium have concluded plans for the commencement of work on the Abuja-Kaduna-Kano Pipeline (AKK) project. The Group Managing Director of the NNPC, Malam Mele Kyari,  disclosed this when he received the President of CPPECL, Sun Quanjun...... more

Senate will pass 2020 Budget next week - Lawan

Senate will pass 2020 Budget next week - Lawan The Senate President, Dr Ahmad Lawan, has disclosed that the 2020 budget proposal of the federal government will be passed next week. Lawan, who spoke at plenary on Tuesday, said the budget estimate, which would have been passed this week by the upper chamber, will be passed before the end of...... more

Again MPC retains Policy Rate at 13.5

Again MPC retains Policy Rate at 13.5 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark rate at 13.5%. Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed this decision during a press conference at the end of a two-day MPC meeting held on Tuesday at the apex bank’s...... more

Why FG plans to ban consumers’ ownership of gas cylinders - Official

Why FG plans to ban consumers’ ownership of gas cylinders - Official The Federal Government’s plan to ban consumer ownership of Liquefied Petroleum Gas (LPG) cylinders is aimed at enhancing safety and deepening cooking gas penetration in the country, an official said on Tuesday. Mr Dayo Adeshina, Programme Manager, National LPG Expansion and Implementation Plan, spoke at the Nigeria LPG Summit 2019 on...... more

Konga Yakata: Students, schools, knowledge workers to enjoy special N10,000 deposit payment plan for laptops

Konga Yakata: Students, schools, knowledge workers to enjoy special N10,000 deposit payment plan for laptops   As part of efforts to democratise digital knowledge, e-commerce giant Konga has rolled out a special deal that will affordeducational institutions,students and knowledge workers the opportunity to own anybrand oflaptop or computers of their choice through its novel instalment payment plan.  The deal, which is part of the ongoing Black Friday...... more

FG will remove all impediments to growth of creative industry — Minister

FG will remove all impediments to growth of creative industry — Minister The Minister of Information and Culture, Alhaji Lai Mohammed, has said that the Federal Government will remove all impediments to the growth of the Creative Industry, as part of the ongoing efforts to encourage the growth of the sector.  The Minister gave the assurance in Lagos in the early hours of...... more

FG moves to revive Enugu coal mines

FG moves to revive Enugu coal mines The Minister of State, Mines and Steel Development, Dr. Uchechukwu Sampson Ogah, has disclosed the readiness of the Federal Government to revive the coal mines in Enugu State to contribute meaningfully to the socio-economic development of the country as well as the state. Addressing newsmen after a meeting with Governor Ifeanyi...... more

 

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