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Federal court relaxes conditions to unfreeze accounts without BVN

The Federal High Court in Abuja on Wednesday modified its orders made on October 17, 2017 directing the 19 commercial banks in the country to freeze all accounts without Bank Verification Numbers.

Eurobonds account for a fifth of Nigeria’s $66.6 billion in foreign debt

Eurobonds made up more than a fifth of Nigeria’s $66.63 billion foreign debt portfolio as of September and more than half of interest paid in the third quarter, the Debt Management Office (DMO) said on Wednesday.

Nigeria’s inflation drops to 15.91 % in October

The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.91 per cent in October from 15.98 recorded in September.

North East oil exploration will not stop activities in producing states

The Minister of State for Petroleum, Dr Emmanuel Ibe Kachikwu, says oil exploration in the North East is for the good of the nation and it won’t stop the massive exploration activities in oil producing areas.

Reconstruction of Apapa-Oworonshoki road begins next week – Aliko Dangote

The reconstruction of the 35 kilometres Apapa – Oworonshoki expressway in Lagos will begin next week, chairman of Dangote Group, Aliko Dangote, has said.

Indomie buys Dangote plants in Ikorodu, Calabar for N3.75bn

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar, to rival pasta maker De United Foods Industries, maker of Indomie Noodles.

Apapa gridlock: Federal govt losing N10 billion daily – Dangote

The Federal Government loses over N10 billion a day to the Apapa Wharf, Lagos State gridlock, according to the President of Dangote Group, Alhaji Aliko Dangote.

Federal govt’s truck transit park to gulp N4.8 billion

The planned Truck Transit Park initiative of the Nigerian Shippers’ Council (NSC), would gulp over N4.8 billion, even as investors are jostling to secure a stake in the project.

Group urges federal govt to stamp out gas flaring in Niger Delta

The government has been called upon to expedite action to stamp out gas flaring in the Niger Delta Region as this will mitigate its health-related effects on the hostcommunities, and create jobs for the youths which will eradicatehostilities in the region caused mainly by lack of employment opportunities.

House of Reps to probe oil coys’ level of compliance with local content act

The House of Representatives has resolved to investigate the contracting of vessels by International Oil and Gas companies.

Nestle drags NSE indices down by 0.96 per cent

Major highly capitalised stocks posted huge price losses on the Nigerian Stock Exchange (NSE) on Tuesday with Nestle topping the losers’ chart.

Dangote sells noodle plants to De United Foods for $12 million

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines to rival pasta maker De United Foods Industries for 3.75 billion naira ($12.26 million), the company said on Tuesday.

Federal govt signs $5.79 billion contract for Mambilla power plant

The federal government has signed the contract for the Mambilla hydro power project.

Central bank weakens naira marginally on spot market

Nigeria’s central bank sold dollars at 306 naira for the second time on Tuesday after maintaining a level around 305 naira on the official spot market for two months, traders said.

IATA seeks implementation of global aviation security plan

The International Air Transport Association (IATA) on Tuesday called for the implementation of the Global Aviation Security Plan (GASep), developed by the International Civil Aviation Organisation.

FAAN decries poor rating of Lagos, Port Harcourt airports

The Federal Airports Authority of Nigeria (FAAN) has reacted to the rating of the Port Harcourt International Airport, Omagwa and the Murtala Muhammed International Airport (MMIA), Lagos as the third and fifth worst airports in the world respectively by the well-known online medium, sleepinairports.net.

Tesla faces class action lawsuit over alleged racial discrimination

U.S. automaker Tesla on Monday was hit with a class-action lawsuit claiming its California production plant is a “hotbed for racist behavior.”

Senate approves President Buhari’s $5.5 billion loan request

The Senate at Tuesday’s plenary has approved a total of $5.5bn loan earlier requested by President Muhammadu Buhari.

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The 71st Primetime Emmy Awards bent the knee to HBO’s fantasy epic “Game of Thrones,” which closed out Sunday night’s ceremony by nabbing the prize for best drama series.

Emmys: Game of Thrones cast receive standing ovation — video

The 71st Primetime Emmy Awards bent the knee to HBO’s fantasy epic “Game of Thrones,” which closed out Sunday night’s ceremony by nabbing the prize for best drama series.
Nigerian Chef, Folashade Shoyonbo, on Sunday in Lagos emerged winner of a Jolof Rice Contest after beating chefs from two other West African countries.

Nigerian wins jollof rice contest

Nigerian Chef, Folashade Shoyonbo, on Sunday in Lagos emerged winner of a Jolof Rice Contest after beating chefs from two other West African countries.
The Eze Igbo of Zamfara, Chief Egbuna Obijiaku, on Saturday commended Gov. Bello Matawalle for tackling the security challenges in the state.

Politicians, Boko Haram planning to ‘destabilise’ Zamfara – governor

The Zamfara State Government said it has obtained ‘credible intelligence reports’ indicating that some politicians in the state “are making clandestine moves to destabilise the state.”

Kano Hisbah board destroys 196,400 bottles of alcohol

The Kano State Hisbah Board, has destroyed over 196,400 bottles of beer confiscated within the Kano metropolis.‎
Housemate Chimeke Okoye aka Frodd has won the ultimate veto power in the ongoing BBNaija season four.

BBNaija: Frodd to nominate five housemates for eviction

Housemate Chimeke Okoye aka Frodd has won the ultimate veto power in the ongoing BBNaija season four.