Cent

Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities.

Ngozika Ihuoma, first defence witness (DW1), on Tuesday, told the Federal High Court, Abuja, that N74 billion recovered by defunct Pension Reformed Task Team (PRTT) was used by the Federal Government to finance 2012 Budget.

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that repealing the Treaties (Making Procedure, etc) Act of 1993 represents a bold and long overdue step in the country’s quest for perfect democracy.

The House of Representatives says it will domesticate laws on treaties, protocols, agreements, conventions, pacts and accords to become operational in the country.

The Lagos State Commissioner for Health, Prof. Akin Abayomi, says there are 2,636 active COVID-19 cases being managed under the state ‘Home Based Care’.

Oil prices slipped, on Tuesday, as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.

Nigeria on Tuesday received 3.94 million doses of the Oxford-AstraZeneca COVID-19 vaccine through the COVID-19 Vaccines Global Assess Facility, COVAX.

The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019.

The Catholic Archbishop of Abuja Diocese, Ignatius Kaigama, has criticised what he described the poor social security system in the country, which, he said, negatively affects millions of Nigerians.”

The Presidential Task Force (PTF) on COVID-19 has said that Nigerians under the age of 18 years will not receive the COVID-19 vaccines in the country.

Seventy-two hours into the commencement of the new Call-Up System introduced by Nigerian Ports Authority, NPA, the Lagos State Special Traffic Management Enforcement Team, yesterday, vowed to sustain the new order in Apapa and its environs, as gridlock eases off.

Ondo State Government has suspended both the National Union of Road transport workers, NURTW, and the Road Transport Employers’ Association of Nigeria, RTEAN in the state.

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former senator, Umaru Argungu, on charges of criminal misappropriation of public funds to the tune of N419million.

As Nigeria receives its first batch of 3.92 million doses of AstraZeneca COVID-19 vaccines on Tuesday, the federal government has said it would adopt the strategy deployed during the polio pandemic in the country in vaccinating eligible citizens.

The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.

The federal government Monday launched the electronic registration platform to enable eligible Nigerians get vaccinated against the deadly Covid-19 pandemic.

Stakeholders in the oil and gas industry, Thursday demanded a raise of the oil operating expenditure from 2.5 per cent to 10 per cent for host communities in the new petroleum industry bill (PIB).

The minister of state for health, Olorunnimbe Mamora, says Nigerians who have received COVID-19 vaccines abroad will still be required to take polymerase chain reaction (PCR) tests upon arrival in the country.

Former U.S. President Donald Trump has warned that under the Biden administration, the country’s dependence on foreign oil may increase and energy prices could rise.

MTN Nigeria, on Monday, released its audited results for the financial year ended 31 December 2020, where it raked in N1.3 trillion service revenue in the last fiscal year, which is a 14.7 per cent increase in revenue.

The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.

United boss Ole Gunnar Solskjaer was in no doubt his side should have been awarded a penalty, and claimed Attwell’s alleged comment to Maguire after the incident would not show the referee in a good light.