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Mr Justice Derefaka, Technical Adviser, Gas Business and Policy Implementation to Minister of State for Petroleum Resources, says the National Gas Transportation Network Code (NGTNC) will “Go-Live” on Monday

Official: National gas transportation network code to go-live Monday

Mr Justice Derefaka, Technical Adviser, Gas Business and Policy Implementation to Minister of State for Petroleum Resources, says the National Gas Transportation Network Code (NGTNC) will “Go-Live” on Monday
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Trading sustains bullish trend, rises 0.45 per cent

Activities on the trading floor of the Nigerian Stock Exchange (NSE) maintained a bullish posture on Friday with the market indicators appreciating further by 0.45 per cent.
The President of the Institute of Chartered Accountants of Nigeria (ICAN), Mrs. Onome Joy Adewuyi, has called on Nigerians to embrace and patronize “Made-in-Nigeria” products post covid-19.

ICAN chief urged Nigerians to embrace Made-in-Nigeria products post-coronavirus

The President of the Institute of Chartered Accountants of Nigeria (ICAN), Mrs. Onome Joy Adewuyi, has called on Nigerians to embrace and patronize “Made-in-Nigeria” products post covid-19.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil slips below $45 on-demand concerns, set for weekly rise

Oil dipped below $45 a barrel, on Friday, on worries that a demand recovery would slow due to a resurgence of coronavirus cases.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR seals eight filling stations over unsafe practice in Akwa Ibom

The Department of Petroleum Resources (DPR), Eket Field Office, Akwa Ibom, has sealed eight filling stations for discharging petroleum products while sales were on in the state.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Nigerian government to encourage more private/public partnership to boost domestic gas – minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.
The Nigerian Agip Oil Company (NAOC) has denounced reports its facilities spewed crude oil into the Orashi River in Rivers State.

Agip: Rivers oil leakage not from our facility

The Nigerian Agip Oil Company (NAOC) has denounced reports its facilities spewed crude oil into the Orashi River in Rivers State.
Managing Director of Aero Contractors, Captain Ado Sanusi, yesterday faulted the claims that the disputed Bombardier Dash 8 Q300 jets were stolen at the Lagos airport.

Nigerian government approves gradual reopening of international flights

The Presidential Task Force (PTF) on COVID-19 has approved gradual reopening of international flights and train services across the country.
The Secretary to the Government of the Federation (SSG), Boss Mustapha, on Tuesday disagreed with Director General of the Nigerian Centre for Disease Control (NCDC), Chikwe Ihekweazu, when he called on the House of Reps to amend the Quarantine Act.

Nigerian government approves gradual reopening of international flights

The Presidential Task Force (PTF) on COVID-19 has approved gradual reopening of international flights and train services across the country.

DMO resumes FGN savings bond offers

The Debt Management Office (DMO) has announced the resumption of its monthly Offers of the Federal Government of Nigeria Savings Bond (FGN Savings Bond) effective August 2020.

South-West IPMAN directs members to sell fuel at N150 per litre

The South West chapter of Independent Petroleum Marketers Association of Nigeria has directed all its members in the zone to henceforth, increase the pump price of Premium Motor Spirit, otherwise known as petroleum to N150 per litre.
Egyptian investigators inspect a light aircraft which crashed on landing at Gouna airport, near Hurghada on the Red Sea coast, on August 6, 2020. (AFP)

Two dead as light aircraft crashes in Egypt

A light aircraft crashed on landing at Egypt’s Gouna Airport on the Red Sea coast on Thursday killing the two pilots on board, the civil aviation ministry said.
The Turkish lira, on Thursday, dropped to a new all-time low of 7.27 to the United States dollar, continuing free fall since the beginning of the week.

Turkish lira tumbles to record low against dollar

The Turkish lira, on Thursday, dropped to a new all-time low of 7.27 to the United States dollar, continuing free fall since the beginning of the week.
Arla Foods continues to make significant strides in its commitment to develop the local dairy sector through backward integration, with the implementation of its very own commercial 400-cow Arla Dairy Farm in Damau, Kaduna State.

Arla Foods builds commercial dairy farm in Kaduna

Arla Foods continues to make significant strides in its commitment to develop the local dairy sector through backward integration, with the implementation of its very own commercial 400-cow Arla Dairy Farm in Damau, Kaduna State.

Strike: Minister intervenes in Bristow, pilots face-off

The Minister of Aviation, Sen. Hadi Sirika, has intervened in the industrial action by the National Association of Air Pilots and Engineers (NAAPE) which paralysed activities at Bristow Helicopters.
A man walks past a closed Toyota car dealership during the coronavirus disease (COVID-19) nationwide lockdown in Cape Town, South Africa, April 28, 2020. REUTERS-Mike Hutchings

Toyota expects 64% fall in annual net profit amid pandemic

Toyota Motor forecasts its net profit for the current financial year will drop 64.1 per cent from the previous year to 730 billion yen ($6.9 billion) due to the fallout from the COVID-19 pandemic, it said on Thursday.
Debt Management Office (DMO)

DMO: Chinese loans constitute only 3.9 percent of Nigeria’s total public debt stock

Total loans by the Chinese government and affiliate agencies to Nigeria is about $3.121 billion and constitutes only about 3.94 per cent of Nigeria’s total public debt of $79.3 billion as of March 31, the Debt Management Office (DMO) has said.

MTN seeks to sell $243m stake in Jumia

Reuters, yesterday, said its sources had revealed this, saying MTN which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142% this year, recovering from a dip in 2019. No final decisions about the sale have been made, the sources told Reuters.

Recent Stories

The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police arrest protesters in Southern Kaduna

The Kaduna State Police Command on Saturday arrested some protesters, who took to the streets of the sate today over what they described as “genocide” in the southern part of the state and the government’s inability to arrest the situation.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police kill eight bandits in Katsina gun battle

No fewer than eight bandits and two villagers were killed when bandits attacked Zamfarawa village in Batsari Local Government Area of Katsina State.

NAF commissions 114 medics, as President Buhari demands absolute loyalty to Nigeria

President Muhammadu Buhari on Saturday reminded the military of their sacred duty to protect Nigerians irrespective of ethnic or religious backgrounds.

Rotary organises free hepatitis, liver screening for Abuja community

The Rotary Club of Abuja, District 9125, on Saturday, organised free hepatitis “B and C” screening as well as Liver Scan for residents of Piwoyi, a suburb located on the airport road, Abuja.
Folasade Yemi-Esan

HoS: Nigerian government to transform civil service with technological innovations

The Federal Government of Nigeria says it has commenced aggressive deployment of technological innovations to transform the nation’s public service sector to effectively discharge its mandate to the nation.