Home Business


Modular refineries is not the solution to fuel scarcity – Lagos chamber

Lagos Chamber of Commerce and Industry (LCCI) says establishment of modular refineries will not solve petroleum scarcity in the country.

Minister Ibe Kachikwu lists pricing of petroleum products as major challenge

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday said there is need to urgently address issues surrounding pricing of petroleum products as it remained a major problem in the sector.

Man caught with cocaine wrapped in 55 condoms

Anti-drug authorities said Tuesday they have arrested a man for trafficking 2.1kg of cocaine wrapped in 55 condoms.

BPE privatises 142 enterprises

Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh, said the bureau privatised 142 enterprises from inception in 1993 to date.

Jos DisCo refutes allegation of tariff hike

Managing Director of Jos Electricity Distribution Company, Mohammed Modibbo, has urged electricity consumers in Plateau State to ignore the rumour making rounds that the company’s tariff is the most exorbitant in the country.

FAAN sanctions airport officials over cow invasion of runway

The Federal Airports Authority of Nigeria (FAAN) says it has suspended the head of security at the Akure Airport, Ondo State, after cows strayed onto the airport runway, disrupting flight operations.

Nigeria mulls 700,000 barrels daily oil output surge

Data from the Ministry of Petroleum Resources sighted newsmen showed that indigenous producers from the country aim to pump almost 250,000 barrels per day additional crude by 2020 as part of a wider plan for the nation to lift output to 2.5 million a day.

Afreximbank pledges $1.5 billion for Mauritania projects

The African Export-Import Bank said it will invest up to $1.5 billion (1.2 billion euros) in fishing, mining and financial projects in Mauritania, as the mineral-rich north African desert nation seeks to diversify its economy.

Embrace Made-in-Nigeria products – entrepreneur

A Nigerian entrepreneur, Oluwatimilehin Togun, has advised Nigerians to patronise locally made products.

NANS commends Minister Ibe Kachikwu over petroleum summit

The National Association of Nigerian Students (NANS) has commended Dr. Emmanuel Ibe Kachikwu, the Minister of State for Petroleum, over Nigeria’s hosting of the International Petroleum Summit (NIPS).

London stock market falters as HSBC disappoints

London's stock market fell on Tuesday, underperforming stable eurozone indices, as traders pushed down share prices in banking giant HSBC and other major companies following earnings updates.

DPR seals 7 filling stations in Umuahia

The Department of Petroleum Resources (DPR), Abia State, on Monday, sealed seven filling stations in Umuahia, the Abia State capital, for selling Premium Motor Spirit (PMS) above the government-approved price of N145 per litre.

NNRC: No clear policies in award of oil, gas licenses

The Nigerian Natural Resource Charter, NNRC, has disclosed that there are currently no clear policies in the award of oil and gas licenses in the Nigerian petroleum industry, stating that the decisions to award or deny licenses are determined by the prevailing socio-political environment.

Lagos eliminates cash transactions on tax

In the bid to boost Internally Generated Revenue (IGR) and block all financial leakages, Governor Akinwunmi Ambode of Lagos on Monday said the state government payment had decided to commence e-payment of taxes being paid in the state.


Recent Posts

PDP: INEC will announce false result in 2019

The Peoples Democratic Party, PDP, on Tuesday passed a vote of no confidence on the Independent National Electoral Commission, INEC, under the leadership of Prof Mahmood Yakubu.

Police arrest mastermind of Benue killings

Following strict orders by the Inspector General of Police, Ibrahim Idris, to his Intelligence Response Team (IRT) and other operational apparatus of the police, the mastermind of the Fulani herdsmen responsible for the recent attacks in Benue State, was arrested by the police.

Villarreal player Ruben Semedo arrested after ‘violent incident’

Villarreal's Portuguese defender Ruben Semedo was arrested on Tuesday on suspicion of holding somebody against their will and causing injury, a source close to the investigation told AFP.

Osun urges federal govt to declare state of emergency on Fulani herdsmen attack

The Osun State Government has called on the Federal Government to declare a state of emergency on the ongoing Fulani herdsmen menace in order to checkmate the killings.

Taraba govt suspends anti-open grazing law

The Taraba State Government has temporarily suspended the Anti-Open Grazing law in the state to allow for some amendments as farmers and herdsmen agree to shield swords.

Most Popular

Morgan Tsvangirai, ‘was the enduring face of Zimbabwe’s downtrodden opposition’

Morgan Tsvangirai, who has died after a battle with cancer, was the face of Zimbabwe's downtrodden opposition for decades.

White House blames Russia for NotPetya cyberattack

The White House on Thursday blamed Russia for the devastating ‘NotPetya’ cyberattack last year, joining the British government in condemning Moscow for unleashing a virus that crippled parts of Ukraine’s infrastructure and damaged computers in countries across the globe.

INEC raises committee to probe underage voting in Kano

The Independent National Electoral Commission, INEC, on Friday constituted a panel to probe the recent cases of possible underage voting in Kano State.

No terror link in NSA shooting – FBI

The shooting incident on Wednesday at the headquarters of the US National Security Agency outside Washington does not appear to be a terror attack, an FBI official said.

Winter Olympics: Nigeria’s Simidele Adeagbo finishes in 20th in heats 1 and 2 of...

Nigeria’s first female skeleton athlete, Simidele Adeagbo, finished in the 20th position after Heats 1 and 2 of her event at the PyeongChang Winter Olympics on Friday.