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Don seeks diversification into agriculture, solid minerals

Professor Ofiafoh Eiya, a Professor of Accounting and Taxation, University of Benin, Benin City, has called for the diversification of the economy to agriculture and solid minerals for sustainable national growth and development.
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

N60 billion mint: Governor Obaseki’s revelation a wakeup call – PDP chair

Dr Anthony Aziegbemi, an Economist and Edo chapter Chairman of the Peoples Democratic Party (PDP), has hailed the courage of Gov. Godwin Obaseki to mention the printing of N60 billion by the federal government to augment revenue allocation.

DPR: We’ve accurate record of crude production

The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known.
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.

OPEC raises oil demand growth on stronger economic recovery

The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.

Uganda, Tanzania, oil firms sign accords to build $3.5 billion pipeline

Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo governor: Nigeria in huge financial trouble

The governor of Edo, Godwin Obaseki, says Nigeria is in huge financial trouble.

Ex-CBN director: Nigeria’s economy can grow up by to 10% annually

Dr Titus Okunrounmu, former Director, Budgeting Department, Central Bank of Nigeria (CBN), says Nigeria’s economy can grow by between seven per cent and 10 per cent annually if the necessary measures are put in place.
Gov. Ben Ayade of Cross River has directed applicants for the 8,000 automatic jobs to enlist through their respective village heads.

Cross River governor partners with NASENI on electricity generation from borehole

Cross River State Governor Ben Ayade has concluded arrangements to partner with the National Agency for Science and Engineering Infrastructure (NASENI) on electricity generation from borehole.

Iraqi protesters block entrance to oil refinery, cause fuel shortage

Dozens of Iraqi protesters blocked the entrance to the Nassiriya oil refinery in southern Iraq for the fifth day in a row, a refinery source and a Reuters witness said.

Zulumnomics, civil service and Nigeria’s economic revival

Nigeria is a country where there is a chasm between the leaders and the led. The distrust of the ordinary Nigerian for political office holders is such that most Nigerians celebrate when their leaders encounter tragic situations. If the governor takes ill in some states, a substantial proportion of the electorate would wish death on their state’s chief executive.
Oil Spillage

Oil spill detected on Shell facilities in Bayelsa

The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital.
Nigerian National Petroleum Corporation (NNPC)

NNPC eyes $8.7 billion investments from rehabilitation of refineries, pipelines

The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country.
Music artiste Oladapo Oyebanjo aka D’Banj has demanded N100m from Miss Seyitan Babatayo who accused him of raping her in a hotel room on December 30, 2018.

D’banj advocates use of intellectual property as collateral for bank loans

One of Nigeria’s popular musicians, Oladapo Oyebanjo, popularly known as D’banj has advocated the use of intellectual property as collateral for obtaining bank loans.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Bonny Light price dips to $62.05 on reopening of Suez Canal

The price of Nigeria’s Bonny Light, Tuesday, dropped to $62.05 per barrel from $64.50 in the international market on the heels of the reopening of the Suez Canal for business.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

President Buhari, Timi Sylva, Sanusi Barkindo tip gas as economic growth driver

President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC+ to reconvene to navigate crude market volatility

The OPEC+ grouping of oil producers will hold its third ministerial summit of the year via videoconference Thursday to discuss output cuts in the face of fresh price volatility.

JTF: 1,291 attempts to sabotage oil export pipelines foiled

The immediate-past Commander of the Joint Task Force (JTF) in the Niger Delta, Rear Admiral Akinjide Akinrinade (rtd.), yesterday said the security outfit foiled 1,291 attacks on three crude export pipelines in the past two years.
Nigerian National Petroleum Corporation (NNPC)

NNPC reduces cash-call debts to IOCs by $3.11 billion

The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of $1.570, according to statistics released by the corporation.
Ijaw Youth Council, IYC,

IYC backs Labour over rejection of planned fuel price hike

The Ijaw Youth Council (IYC) worldwide has thrown its weight behind the move by the Nigeria Labour Congress (NLC) to reject the Federal Government planned removal of petroleum subsidy and increase the price of fuel pump price to N234 per litre.
Nigerian National Petroleum Corporation (NNPC)

NNPC records N2.2 trillion from petrol sales in one year

The Nigerian National Petroleum Corporation (NNPC) on Thursday said it generated a total of N2.197trillion from the sale of petrol between December 2019 to December 2020.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

India turns to Nigeria, others to meet energy needs

Nigeria and other African nations could play a central role in efforts by India to diversify its sources of oil and gas, India’s Oil Minister, Mr. Dharmendra Pradhan, said yesterday, as the nation strives to reduce its energy reliance on the Middle East.

Petrol, diesel most expensive in Kebbi in February

Petrol and diesel sold at the highest rates in Kebbi State in February, the National Bureau of Statistics has said.

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Senator Godswill Akpabio, the Minister of the Niger Delta Affairs, has reacted to what he called “a cornucopia of false, malicious, and libellous press interviews” granted by Ms. Gbene Joi Nuineh, the erstwhile Acting Managing Director of the Interim Management Committee, of the Niger Delta Development Commission, (NDDC) in some news and social media platforms and a “series of concerted vicious campaigns of calumny deviously orchestrated by her” against his person.

Senator Akpabio: Nigerian government committed to facilitate sustainable development in Niger Delta

Minister of Niger Delta Affairs, Sen. Godswill Akpabio, has reiterated the commitment of the Federal Government to facilitate a viable and formidable pathway to facilitate sustainable development of the region.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Security chiefs: Ramadan an opportunity for revival of moral values

Kwara State Commissioner of Police and Comptroller, Nigeria Customs Service, Kwara State Command, Mohammed Bagega and Ahmed Bello, respectively, have made case for the revival of the decaying cultural values in Nigeria.
FILE PHOTO - Russian President Vladimir Putin attends a session of the board of trustees of the Russian Geographical Society via a video conference call in Moscow, Russia April 14, 2021. Sputnik-Alexei Druzhinin-Kremlin via REUTERS

Russia says it will retaliate hard against Czechs over diplomat expulsions

Russia said on Sunday Czech accusations that Russian spy services were behind an explosion in an ammunition depot were unfounded and absurd and it would retaliate for Prague’s expulsion of 18 Russian embassy staff.
FILE PHOTO - Pope Francis listens to Philippine Cardinal Luis Antonio Tagle (not pictured) during a mass to mark 500 years of Christianity in the Philippines, in St. Peter's Basilica at the Vatican, March 14, 2021. Tiziana Fabi-Pool via REUTERS

Pope calls for lowering of tensions in eastern Ukraine

Pope Francis, delivering his Sunday address to a live audience for the first time in more than a month, called for a lowering of tensions in eastern Ukraine and expressed anxiety over a military buildup.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

20 killed in reprisal attacks in Zamfara

At least 20 persons were killed on Thursday and Friday in reprisal attacks between vigilante group and bandits in Maru Local Government Area of Zamfara State.

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Super Eagles German coach Gernot Rohr and the team’s captain Ahmed Musa played a role in crowning the best coach and best men’s player in Thursday’s award ceremony

Gernot Rohr okays Ahmed Musa move to Kano Pillars

Super Eagles head coach Gernot Rohr has backed Ahmed Musa’s move to Nigeria Professional Football League outfit Kano Pillars.
Tottenham face an anxious wait to discover whether Harry Kane will be fit for the Carabao Cup final after the striker limped out of the 2-2 draw at Everton with a foot injury.

Tottenham face anxious wait after Harry Kane injury

Tottenham Hotspur face an anxious wait to discover the severity of Harry Kane’s ankle injury after he hobbled off after scoring twice in a 2-2 Premier League draw away to Everton on Friday.
Chelsea might still end up not winning the Champions League diadem despite their impressive form, according to seasoned and well-travelled football tactician Henry Abiodun.

Henry Abiodun: Why Chelsea may not win Champions League

Chelsea might still end up not winning the Champions League diadem despite their impressive form, according to seasoned and well-travelled football tactician Henry Abiodun.
Monaco’s Spanish midfielder Cesc Fabregas takes part in a training session on January 14, 2018 in La Turbie, near Monaco. (Photo by VALERY HACHE - AFP)

Cesc Fabregas vows to see out Monaco contract

Cesc Fabregas has vowed to see out his contract at Monaco, despite a lack of regular minutes for Niko Kovac's side in 2020-21.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police refute rumoured kidnap of students of Plateau university

Police in Plateau on Tuesday, refuted rumours doing the rounds that three female students of Plateau State University, Bokkos, were kidnapped by bandits on Monday.