Nigeria News
Mbaka’s Adoration ban a time bomb – Ohanaeze
The youth wing of apex Igbo socio-cultural organization, Ohanaeze Ndigbo Youth Council Worldwide, OYC, has called for the re-opening of Rev. Fr. Ejike Mbaka’s Adoration Ministry, warning that a prolonged closure could spell doom. The ministry was shut down after Mbaka’s outburst against the Labour Party Presidential candidate, Mr. Peter Obi. A protest from the […]
2023 presidency: NLC, TUC declare support for Peter Obi
The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have thrown their weight behind Labour Party presidential candidate, Peter Obi. NLC and TUC made the pledge in separate addresses on Tuesday in Abuja. The NLC President, Mr Ayuba Wabba, speaking during the 10th Memorial Lecture in honour late Pascal Bafya, said […]
Politics
How I lost my original certificates – Tinubu’s running mate, Masari
The vice presidential candidate of the ruling All Progressives Congress, APC, Kabiru Masari has informed the Independent National Electoral Commission, INEC, that his original certificates are missing. The placeholder running mate of the APC presidential candidate, Bola Tinubu said in an affidavit submitted to the electoral body that he misplaced the original certificates while on […]
Business
13 marginal fields dormant, FG awards 57 to new investors
The Federal Government on Tuesday revealed that 13 out of the 30 marginal fields awarded since 1999 were not producing crude oil, as only 17 of the fields were currently meeting the target of crude oil production. It also awarded 57 marginal fields to about 49 new investors in Abuja, adding that a total of […]
Exporters seek National Assembly intervention in N375bn grant approval
The Organised Private Sector Exporters Association has appealed to the National Assembly to urgently ratify the approval of the N375bn by the Federal Government on the backlog of the Export Expansion Grants for exporters. The N375bn is the backlog of the EEG from 2017 to 2020, whose payment was delayed due to budgetary constraints by […]
Ekiti workers give Fayemi 21-day ultimatum over unpaid entitlements
Workers in Ekiti State have given the state government 21 days within which to pay backlogs of their arrears or risk industrial action. They said that non-payment of the entitlements had made life unbearable for them in the face of the present harsh economic realities. The workers, under the aegis of Trade Union Congress, also […]
Reps grill NNPC, NMDPRA, marketers over rising petrol, diesel, gas prices
The Federal Government has said it regrets that the petroleum refineries are not working while ruling out the possibility of introducing subsidies on Automotive Gas Oil. It stated that it could not afford the payment of subsidies on diesel. The Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, made this known […]
Afreximbank’s payment solution to save traders $5bn
The African Export-Import Bank has created a payment solution platform, Pan-African Payment and Settlement System, to facilitate instant cross-border payments in local African currencies. This is expected to save African traders about $5bn annually in currency convertibility. The announcement was contained in a statement by the CEO, PAPPS, Mike Oghalu, while speaking at the post-annual […]
Fuel subsidy, refinery rehabilitation gulped N1.3tn in five months – NNPC
The amount spent as subsidy on Premium Motor Spirit, popularly called petrol, and on refinery rehabilitation between January and May this year was N1.301tn, figures released on Monday by the Nigerian National Petroleum Company Limited showed. NNPC disclosed this in its latest presentation to the Federation Account Allocation Committee meeting for the month of June […]
Proposed tariff hike may raise telcos’ voice revenue to N1.55tn – NCC report
Telecommunications companies’ voice revenue could jump by at least N442.57bn to N1.55tn in a year if the price floor of calls is raised by the operators from N6.4 to N8.95. Telcos had recently written a letter to the Nigerian Communications Communication Commission, seeking approval to increase their tariff due to the rising price diesel and […]
FG rakes in over N2tn from marginal oil fields sale
Federal Government may have raked at least N2tn from the 2020/2021 marginal oil field bid rounds, according to findings by our correspondent. In the Nigerian context, marginal fields include fields with reported reserves and production potential, which are however deemed marginal for a variety of reasons. Notably, marginal fields exist under current Oil Mining Leases. […]
CSR: Dana Air Partners The ELOY Foundation to Empower omen in five states
One of Nigeria’s leading carrier, Dana Air, has announced its partnership with The ELOY Foundation’s business shower to Empower Women in five states: Rivers, Kano, Abuja, Abia and Lagos The ELOY business Shower is an educative business gathering specifically organised for women in business to inspire and encourage them to build thriving businesses. Speaking on […]
Stakeholders hold expo to prepare Nigerian engineers for AfCFTA
Engineering and construction giants will converge on July 5 in Lagos for Elan Expo which will discuss the way forward for these professions and prepare them for the African Continental Free Trade Area. The three-day expo, which is tagged ‘the Biggest Construction and Engineering Show in West Africa’, is expected to open its doors to […]
Energy/Oil&Gas
Lagos State praises Ikeja Electric’s commitment to Technical Education development
The Lagos State Government has commended leading Electricity Distribution Company, Ikeja Electric (IE), for its commitment towards improving technical capacity building and empowering youths in the state through the various corporate social responsibility (CSR) programmes. The Lagos State Commissioner for Education, Mrs. Folashade Adefisayo, gave the commendation at a ceremony organized to officially commission the […]
Opinion
2023 Polls and Isuikwuato/Umunneochi Federal House of Representatives/NASS Seat: Worrisome Developments
By Shaft Amaram (a.k.a Polemics) There seems already to be intense and quite interesting competitions and rivalry (politically heathy or otherwise?) between our two Eluama daughters running for Isuikwuato/Umunneochi HoR seat, just separated by reason of different political parties platforms, namely APGA and APP. However, there can be no question in my opinion, these two personalities […]
