Saudi Arabia is struggling to convince fellow members of Organisation of the Petroleum Exporting Countries (OPEC) including Gulf allies on the need to raise oil output, sources familiar with the talks said on Wednesday, adding to complications ahead of an OPEC meeting this week. The meeting of OPEC countries onContinue Reading
No fewer than 25 ships expected with petroleum products, food and other goods will arrive at Apapa and Tin Can Island ports between Tuesday and June 30, Nigerian Ports Authority (NPA) says. The authority noted in its “Shipping Position” bulletin in Lagos that eight of the 25 ships would sail inContinue Reading
The Federal Airports Authority of Nigeria (FAAN) has beefed up security and surveillance at the major airports in the country following a recent report that terrorists were sneaking into Nigeria from Syria. The General Manager, Corporate Affairs, Mrs Henrietta Yakubu, told the News Agency of Nigeria (NAN) in Lagos onContinue Reading
The Transmission Company of Nigeria (TCN) on Tuesday in Lagos said gas supply to generating stations had built up gradually after the Nigeria National Petroleum Corporation (NNPC) restored a ruptured pipeline. Mrs Ndidi Mbah, General Manager, Public Affairs of TCN, said within a day power supply would be restored toContinue Reading
The Fiscal Responsibility Commission (FRC), says out of the N1.58 trillion allocated for capital expenditure in 2016, only N1.219 trillion was cash backed. According to the commission’s 2016 Annual Report and Audited Accounts obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja, the cash backed amount indicatesContinue Reading
The Director-General of the Manufacturers Association of Nigeria (MAN), Mr Segun Ajayi-Kadri, has praised the Federal Government for adopting measures to improve Nigeria’s ease of doing business rating. Speaking in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday, Ajayi-Kadri said the improved rating would assureContinue Reading
15m Nigerians connect to internet daily, say foundation, GoogleConnectivity Abuja, April 29, 2018(NAN) Mimshach Obioha, Programme Director, Ventures Capital Foundation (VPF) says an average of 15 million people use social media in Nigeria but laments that many don’t go beyond sending messaging and making calls.Obioha said this on Sunday during an interviewContinue Reading
The National Industrial Court, Abuja, on Tuesday stopped the Amalgamated Union of Public Corporations, Technical and Recreational Employees (AUPCTRE) branch of the Investment and Security Tribunal (IST) from embarking on any strike action. Justice Sanusi Kado, who gave the order, held that the order will be subsisting pending the hearingContinue Reading
The absence of an Abuja Federal High Court judge, Justice Silvanus Oriji, on Tuesday, staled the trial of former Inspector-General of Police Sunday Ehindero, and a former police commissioner, John Obaniyi. The Independent Corruption Practices and Other Related Offences Commission (ICPC), arraigned the duo before the Judge on a five-countContinue Reading
