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Latest News We can make 100-year-old woman pregnant — Nigerian fertility expert 2019: Cash crunch hits APC, PDP Electoral Act: Buhari has hidden agenda — Afenifere Kidnappers lay siege to Katsina Angry workers to shut down National Assembly on Monday Buhari talks tough, says time has come to wipe out terrorism Pastor buys $200,000 Lamborghini car for wife Police chief reads riot act to politicians on electioneering campaigns 2019: Otti vows to retrieve, reconstruct Abia Lagos women march against sexual harassment in markets Imams encouraging corruption — Customs Boss Hameed Ali Port congestion: NPA MD tasks terminal operators, shipping firms, others

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (430,652 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,322 views) Shameless Genevieve Nnaji exposes breasts in public (328,181 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,362 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,205 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,444 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,382 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,567 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (180,048 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,692 views) Lagos plane crash: Journalist releases victims’ names (167,435 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,890 views)

 

DPR clears the air on mandate, reassures stakeholders

DPR clears the air on mandate, reassures stakeholders The Department of Petroleum Resources (DPR) has reiterated that the agency remains a modern and competent grouping of professionals with rounded and complementary functions actively managing the dynamic and fast-paced oil and gas industry. Mr Paul Osu, the Head, Public Affairs of DPR in a statement issued on Wednesday in Lagos...... more

Afreximbank to promote Nigeria’s Intra-African Trade with $1bn

Afreximbank to promote Nigeria’s Intra-African Trade with $1bn The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of Africa. Prof. Benedict Oramah,  Afreximbank’s President said this in a statement on Friday in Abuja. Oramah inaugurated the programme as...... more

Reps summon ministers, NNPC GMD, others over ‘unbudgeted’ subsidy funds

Reps summon ministers, NNPC GMD, others over ‘unbudgeted’ subsidy funds The House of Representatives on Thursday summoned the Minister Of Finance, Zainab Ahmed and the Minster Of State For Petroleum, Ibe Kachikwu, to appear before it next week Thursday to explain their roles in alleged unbudgeted funds being paid as fuel subsidy.  Also summoned by the Joint Committee on Finance and...... more

FG, Korean agency to launch Phase-2 ICT project

FG, Korean agency to launch Phase-2 ICT project The Federal Government and Korea International Cooperation Agency (KOICA) are collaborating to launch the second phase of partnership in Information and Communication Technology (ICT) that would develop experts and highly skilled laborers in that field in Nigeria. This was disclosed on Thursday when a high-powered delegation from the KOICA office, led...... more

Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal  Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal. The OPL 245 oilfield is also at the heart of an ongoing corruption trial in Milan in...... more

Bribery deals stall sale of $1.5b Nigerian oil fields

Bribery deals stall sale of $1.5b Nigerian oil fields Brazil’s epic “Car Wash” corruption investigation has extended to four of the world’s largest oil trading companies – Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group. And one of the pending transactions to be affected is the sale by Brazil’s state-owned oil firm, Petrobas of its stake in some Nigerian...... more

Fidelity Bank at 2018 Intra African Trade Fair in Egypt

Fidelity Bank at 2018 Intra African Trade Fair in Egypt Fidelity Bank is part of the Nigerian delegation at the ongoing 2018 Intra-African Trade Fair in Cairo, Egypt to address the challenge of access to trade and market information amongst countries in Africa. The seven-day trade show convened by Afreximbank provides a platform for sharing trade, investment and market information and...... more

FG targets 2.2mbpd crude oil production by Jan. 2019

FG targets 2.2mbpd crude oil production by Jan. 2019 The Minister of State for Petroleum Resources, Dr Ibe kachikwu  says the federal government is targeting to grow the crude oil production to 2.2 million barrel per day by the end of January, 2019. Kachikwu disclosed this at the Ministry’s Presentation of its achievements in three years (2016 to 2018) and...... more

Desarrollar, top firms partner to improve real estate solutions

Desarrollar, top firms partner to improve real estate solutions Desarrollar Limited, a lifestyle and leading real estate solutions company in Lagos, has partnered with Union Trustees Limited, First Bank Trustees Limited, Banwo & Ighodalo, and The Lodt Legal Partners to improve real estate services and solutions in Nigeria. The partnership, which was signed on Monday in Lagos, will unveil Nigeria’s...... more

CBN injects $210m to Boost Forex Market

CBN injects $210m to Boost Forex Market The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market. In the sales conducted on Monday, December 10, 2018 and consummated on Tuesday, December 11, 2018, the Bank...... more

No plan to increase petrol pump price — PPPRA

No plan to increase petrol pump price — PPPRA The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, says the Federal Government has no plans to increases the price of Premium Motor Spirit known as petrol. Saidu reinstated in a statement on Tuesday in Abuja that the retail price of petrol remained at the subsisting price cap of N145 per...... more

Nigeria’s economy grows 1.81 pct in Q3

Nigeria’s economy grows 1.81 pct in Q3  Nigeria’s economy grew 1.81 percent in the third quarter of 2018 from a year earlier, pushed higher by the non-oil sector, the statistics office said on Monday. The figures are a slight improvement from the previous quarter, when a slowdown in growth sparked fears that Africa’s biggest oil producer might enter...... more

CBN bans fertilizer importers from accessing Forex

CBN bans fertilizer importers from accessing Forex The Federal Government, through the Central Bank of Nigeria (CBN) on Monday struck off importers of fertilizer from the list of those eligible to get foreign exchange from the Bank. CBN Director, Trade & Exchange Department, Ahmed B. Umar, disclosed this in a Memo entitled “Re: Inclusion of Some Imported Goods...... more

Fayemi lifts embargo on Ecobank, GTbank, Zenith Bank

Fayemi lifts embargo on Ecobank, GTbank, Zenith Bank Ekiti State Governor, Dr Kayode Fayemi has lifted the embargo placed on some banks by the immediate past administration.  Immediate past governor of the state, Ayo Fayose had in May 2016 placed a “non-patronage” ban on three banks- Ecobank, GTbank and Zenith Bank Plc and forbade government Ministries, Departments and Agencies...... more

Nigeria’s infrastructure deficit to hit $878bn by 2040 — SEC

Nigeria’s infrastructure deficit to hit $878bn by 2040 — SEC The Securities and Exchange Commission (SEC) on Sunday said that the country’s infrastructure deficit would hit 878 billion dollars by 2040 and called for active utilisation of green bond for infrastructural gap. Ms Mary Uduk, SEC Acting Director-General, said this at the 2018 annual workshop organised by the Capital Market Correspondents...... more

NNPC educates Senate on NLNG dividend account

NNPC educates Senate on NLNG dividend account The Nigerian National Petroleum Corporation (NNPC) has shed light on the probe of alleged illegal withdrawal from the Nigerian Liquefied Natural Gas (NLNG) Dividend Account by the Senate, clarifying that there was nothing illegitimate about it. In a statement, the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, said...... more

Banks invest $150b yearly in developing nations

Banks invest $150b yearly in developing nations The sum of $150 billion is invested by Multilateral Development Banks (MDBs) in developing countries and emerging economies every year. The large-scale investments are needed in energy, transportation, and agricultural systems to ensure that countries can meet the needs of their populations without jeopardising climate stability. This investment plays a vital...... more

Oil firm set to provide jobs for youths

Oil firm set to provide jobs for youths An indigenous oil firm, Belema oil, has resolved to partner with National Youth Council of Nigeria (NYCN) to work out modalities for providing employment for 327 youths. The Chief Executive officer of the firm, Mr Jack Rich Tien, unveiled the plan in a message to the President of NYCN, Amb. Sukubo...... more

Adeboye, Idahosa, Kukah, unusual Nigerian salesmen — Zinox Chairman

Adeboye, Idahosa, Kukah, unusual Nigerian salesmen — Zinox Chairman Africa’s leading digital entrepreneur and Chairman,  Zinox Group, Leo Stan Ekeh, has disclosed that Nigeria is blessed with global salesmen and women in the public, private, political and religious spheres in a knowledge century where a typical salesman or woman is  expected to have some critical qualities in them to achieve...... more

Oil marketers to get N236bn subsidy claims on Dec.14th: FG

Oil marketers to get N236bn subsidy claims on Dec.14th: FG The Federal government said on Saturday that oil marketers would  be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on Friday Dec. 14th. The Chief Operating officer, Nigerian National Petroleum Corporation (NNPC) Downstream  Mr Henry Ikem-Obih disclosed this to newsmen, in Abuja. “The...... more

Shell reviews deals involving ex-executive accused of bribery

Shell reviews deals involving ex-executive accused of bribery Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a separate court case in which he and Shell face corruption charges over a $1.1 billion offshore acquisition. The Anglo-Dutch company filed a criminal complaint in March against Peter Robinson,...... more

Nigeria issues N100bn Sovereign Sukuk for subscription

Nigeria issues N100bn Sovereign Sukuk for subscription The Federal Government has begun the sale of its second tranche 7-year N100 billion Sovereign Sukuk, the Debt Management Office (DMO), announced on Thursday.  The offer circular, which was obtained from its website, said the seven year Islamic Sukuk, referred to as Ijarah is at a rental rate of 15.74 per...... more

Konga announces new YAKATA dates, appreciates customers for successful outing

Konga announces new YAKATA dates, appreciates customers for successful outing Konga, Nigeria’s e-Commerce giant, has unveiled new annual dates for future editions of the widely popular Konga Yakata sales which will henceforth run from November 11 to December 12, 2018. Konga Yakata will now go live every year starting with Singles Day on 11/11 and end on the 12/12 with Nigeria...... more

Buhari, Okowa urge labour unions to embrace dialogue, as NUPENG celebrates 40th Anniversary

Buhari, Okowa urge labour unions to embrace dialogue, as NUPENG celebrates 40th Anniversary President Muhammedu Buhari and Governor Senator Ifeanyi Okowa  have assured labour leaders of freedom of association urging them to embrace dialogue rather than confrontation in resolving industrial disputes. Speaking on Thursday in Abuja at the 40th anniversary celebration of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) President Muhammadu...... more

Subsidy arrears: Senate urges oil marketers to give FG more time

Subsidy arrears: Senate urges oil marketers to give FG more time Senate on Thursday asked oil marketers to give the Federal Government more time, to resolve the issue of unpaid subsidy. After deliberating on the letter sent to the Senate by independent oil, marketers, the legislative chamber said, the government would need more time to look into their demands. On the floor...... more

FCMB rakes in $3m from 9mobile sale

FCMB rakes in $3m from 9mobile sale Nigerian bank FCMB said on Wednesday it had received $3 million as part of the proceeds from the sale of debt-laden telecoms firm 9mobile, which was seized by its lenders and sold to new investors. In November, Teleology completed a takeover of 9mobile, the country’s fourth biggest operator, ending a long...... more

Obiano presents N157.1bn Anambra draft budget for 2019 fiscal year

Obiano presents N157.1bn Anambra draft budget for 2019 fiscal year The Governor of Anambra State, Chief Willie Obiano, on Wednesday presented a draft budget of N157.1 billion for the 2019 fiscal to the state House of Assembly. The budget, entitled, “Budget for Sustained Economic Growth and Youth Empowerment”, according to the Governor, is aimed at boosting the state’s economy. He reeled...... more

Ogun to validate UN, UK urban renewal document on Abeokuta

Ogun to validate UN, UK urban renewal document on Abeokuta The Ogun State Government, through the Department of Trade and Investment, will today (Thursday, December 6, 2018) play host to a delegation from the UN-Habitat and the United Kingdom Foreign Commonwealth Office (FCO) for the Validation of the Abeokuta Urban Master Plan and Guidelines for Urban Renewal. Scheduled to hold at...... more

2019 budget: Special FEC session holds Friday: Presidency

2019 budget: Special FEC session holds Friday: Presidency A special Federal Executive Council (FEC) meeting will hold on Friday to finalise works on the 2019 budget, the Presidency has announced. The announcement was made at the end of today’s FEC meeting presided over by the Vice President, Yemi Osinbajo at the State House Villa, Abuja. Presidential Spokesperson, Femi Adesina...... more

CBN opens December sale with $210m

CBN opens December sale with $210m In its first intervention in the foreign exchange market for the month of December, the Central Bank of Nigeria (CBN) on Tuesday injected the sum of $210 million in the inter-bank foreign exchange market. Authorised dealers in the wholesale segment of the market, in Monday’s sales, received the sum of $100...... more

 

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