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Petroleum ministry to spend N610 million for ‘7 big wins’ implementation

The Ministry of Petroleum Resources has earmarked N610 million for the implementation of the ‘Seven Big Wins’, a programme designed by the Ministry to reform the petroleum industry

How fed govt plans to fund N3.52trn deficit in 2018 budget

The federal government plans to finance the N3.52 trillion deficit in the 2018 budget with revenue from crude oil sales and non-oil sources.

Shell Nigeria lifts force majeure on Bonny Light crude

Shell Petroleum Development Company of Nigeria Limited, a subsidiary of Royal Dutch Shell, has lifted force majeure on the exports of Bonny Light crude oil, one month after it was declared.

NNPC to lift force majeure on Bonny Light in October

Nigerian National Petroleum Corporation, NNPC, plans to lift the force majeure on Nigeria’s Bonny Light crude next month.

Nigeria’s oil production exceeds OPEC’s 1.8mbpd restriction target

Crude oil production freeze is now imminent for Nigeria, as the country’s oil production increased by 138,300 barrels per day (bpd) from the 1.723 million (bpd in July to 1.861million bpd, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC).

NNPC stockpiles petrol to sustain price crash

A daily record of operations of the Nigerian National Petroleum Corporation (NNPC) has disclosed the corporation’s plans to sustain the petrol pump price crash it started last week with a healthy build-up of stocks.

Protesters occupy Shell plant in Nigeria

Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday.

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Manchester City are lucky – Jose Mourinho

Jose Mourinho insists Manchester City are "lucky", and says his Manchester United side were denied a clear penalty in their 2-1 defeat at Old Trafford.

Nobel Peace Prize winners sound nuclear warning on North Korea tensions

The winners of the Nobel Peace Prize, the International Campaign to Abolish Nuclear Weapons (ICAN), on Sunday warned mankind's destruction is just one "impulsive tantrum away" as the United States and North Korea exchange warlike threats over the nation's nuclear tests.

Capital market operators seek single license from CBN, SEC

The capital market operators on Sunday called on the Central Bank of Nigeria, CBN, and the Securities and Exchange Commission, SEC, to grant them single dealing license to access discount window.

Nigerian capital market issuances hit N1.55trn in September – SEC

The Securities and Exchange Commission (SEC) on Sunday said that the total value of issuances in the Nigerian capital market amounted to N1.55 trillion in September.

Nicolas Otamendi wins derby to fire Manchester City 11 points clear

Manchester United's defensive deficiencies gifted Pep Guardiola's Manchester City a 2-1 derby victory on Sunday that allowed them to establish a massive 11-point lead in the Premier League.

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Nigeria Police defend SARS against brutality accusations

A police official defended a unit of the Nigeria Police Force that has been accused of human rights violations, saying many claims of brutality were unfounded and the country needed to be defended against violent crime.

Israel, Turkey leaders trade insults over US Jerusalem decision

Relations between Israel and Turkey took a bitter turn Sunday as their leaders traded accusations of involvement in terrorism, days after the US recognition of Jerusalem as Israel’s capital.

9Mobile MiFi subscribers lament depletion of data

Some 9mobile MiFi subscribers on Monday expressed concern over the depletion of their data in addition to the rising costs of the data bundle.

Man gets N50,000 bail for allegedly stealing N8000 shirts

A 22-year-old man, Jamiu Habeeb, who allegedly stole 10 shirts worth N8000 from a trader, Mohammed Isah, was on Friday in Lagos granted a N50,000 bail.

John Mayer hospitalized for emergency surgery

American singer John Mayer has been hospitalized for an emergency appendectomy, his representatives say.