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South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.

South African government agrees to fund SAA rescue – draft plan

The South African government has agreed to fund a restructuring of South African Airways (SAA), if a business rescue plan for the struggling state-owned airline is adopted, a copy of the draft plan showed on Monday.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Oil prices slump as wary traders eye upcoming OPEC+ meeting

Oil prices edged down on Monday as traders took profits, with the Organisation of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.

Zenith Bank emerges best bank in Global Finance Awards

Zenith Bank Plc, has emerged as the best bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Economy contracted in May

Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth.

Banks get two-week deadline on ATM, e-banking complaints

The Central Bank of Nigeria has directed all banks to resolve all outstanding issues relating to failed Automated Teller Machine, Point of Sale terminal and other electronic banking transactions within two weeks, starting June 8, 2020.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Minister excited as ICT contributes 14.07 percent to GDP

The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight over the growth of ICT’s contribution to Nigeria’s GDP in the first quarter of 2020 (Q1 2020).
Workers are seen at Tullow Oil's Ngamia 8 drilling site in Lokichar, Turkana County, Kenya, February 8, 2018. REUTERS-Baz Ratner-File Photo

Tullow: 58 oil workers test positive for coronavirus offshore Ghana

Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic coast, the company said in a statement on Friday.

Lagos Chamber laments untapped agricultural sector

The chamber stated that Africa’s largest country by market size is gradually getting the attention of international investors keen to maximize profits from the country’s vast natural resources such as fertile land and export crops including sesame seeds, cashew nuts, cocoa beans, groundnut, rubber, timber, yam and sorghum among others.
Workers of the state-oil company Pdvsa holding Iranian and Venezuelan flags greet during the arrival of the Iranian tanker ship “Fortune” at El Palito refinery in Puerto Cabello, Venezuela May 25, 2020.

Iranian fuel reaches Venezuelan stations as prices set to rise

Fuel shipped from Iran began arriving at Venezuela’s gasoline stations on Saturday, just hours before President Nicolas Maduro announced higher prices at the pump that are set to end more than two decades of almost-free gasoline.

NAHCO workers to embark on two-day warning strike June 1

The Air Transport Senior Staff Services Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) have directed the staff of the Nigerian Aviation Handling Company (NAHCO) currently on essential duties to withdraw all services on the 1st and 2nd June following the breakdown in negotiations on their welfare.

Lagos, LCCI task stakeholders on agribusiness opportunities

The Lagos State Government and the Lagos Chamber of Commerce and Industry (LCCI) have charged farmers and all stakeholders in the agricultural sector on the need to explore the numerous opportunities that abound in agribusiness.
President Muhammadu Buhari

President Buhari reconstitutes NNPC Board

Members of the new Board include Mohammed Lawal (North West), Tajudeen Umar (North East), Adamu Attah (North Central), Magnus Abe (South-South), Stephen Dike (South East), and Pius Akinyelure (South West)
Primero Transport Services Ltd., operator of the Lagos Bus Rapid Transit (BRT) may withdraw its services on May 25, due to logistics problems and other issues, an authoritative source disclosed on Friday.

Lagos BRT fares hike unnecessary, wicked – commuters

Some commuters in Lagos State on Friday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operators of the Bus Rapid Transit in the state.
Nigerian National Petroleum Corporation (NNPC)

PANDEF: South-South, South-West, South-East marginalized in NNPC

Pan-Niger Delta Forum, PANDEF, the mouthpiece of traditional rulers, leaders and stakeholders of the coastal states of Niger Delta, Friday, warned the Nigeria National Petroleum Corporation, NNPC, which has allegedly sidelined South-South, South-West and South-East from its top management positions, to stop insulting the people of the oil/gas-rich region.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Analysts welcome reduction of lending rate by central bank

Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would expand the level of output in the economy and to some extent address inflation trend occasioned by the COVID- 19.

South African Airways administrators request further delay for rescue plan

Administrators at South African Airways have asked creditors to approve an extension until June 8 for the publication of a business rescue plan for the struggling state airline, a letter seen by Reuters said.

RTEAN commends Lagos governor on road reconstruction, virus response

The Road Transport Employers Association of Nigeria (RTEAN), Lagos State Chapter, on Friday commended Gov. Babajide Sanwo-Olu of Lagos State on how his administration had been reconstructing roads and combating COVID-19 pandemic in the state.
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke,

Lagos supports 2,204 businesses in one year to reduce unemployment

Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.

Recent Stories

Serie A will remain suspended until at least June 14, the Italian Football Federation (FIGC) has confirmed.

Serie A announce fixtures for remainder of season

There is still a lot to be decided in the Italian top flight, including the title as leaders Juventus currently sit one point ahead of second-placed Lazio.
The Kano State Government says it has conducted 4,735 Coronavirus (COVID-19) samples test since the outbreak of the pandemic.

Nigeria records 416 new cases of coronavirus

COVID-19 cases in Nigeria have risen by 416, according to figures released by the Nigeria Centre for Disease Control (NCDC) on Monday night.

Ogun NMA, resident doctors knock governor over comment on strike

The Nigeria Medical Association, Ogun State chapter and the South-West caucus of the Association of Resident Doctors, on Monday, attacked the state governor, Dapo Abiodun, for berating doctors at the Olabisi Onabanjo Teaching Hospital, Sagamu.
Former Liverpool boss Brendan Rodgers has opened up on how he was sacked by the club.

Brendan Rodgers opens up on Liverpool sacking

Rodgers arrived at Liverpool in 2012, but he was sacked three years later. The decision was announced after Liverpool drew 1-1 with Everton at Goodison Park in 2015.
Arsenal are reportedly ready to keep David Luiz at the club for another year, but a key condition of that could be that he agrees to a pay cut as part of his contract extension.

Arsenal set key condition for extending David Luiz’s contract

Arsenal are reportedly ready to keep David Luiz at the club for another year, but a key condition of that could be that he agrees to a pay cut as part of his contract extension.