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A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court dismisses $55 million debt recovery suit against Agip Oil

Justice Mojisola Olatoregun of a Federal High Court in Lagos on Wednesday dismissed a 55 million dollars debt recovery suit by the Federal Government against Agip Oil company over undeclared crude oil shipment.
Aiteo Group

Aiteo announces closure of Nembe Creek Trunk Line 48 hours after reopening

Barely 48 hours after Aiteo Eastern Exploration and Production Company announced the reopening of operations on the Nembe Creek Trunk Line (NCTL), the facility has again been shut down.

Protesters block Aiteo’s Nembe oil facility in Nigeria

Protesters in Nigeria’s Nembe region barricaded the logistics base of oil company Aiteo on Sunday and briefly disrupted its operations, the company said.
All Progressives Congress (APC) Nigeria

Minister: APC will take over 5 states of South-East in 2023

Dr Ogbonnaya Onu, Minister of Science and Technology, has reiterated the commitment of All Progressives Congress, APC, to take over the five states in the South-East zone in 2023.
President Muhammadu Buhari has joined all members of the All Progressives Congress (APC) in felicitating with the party’s National Chairman, Comrade Adams Oshiomhole on his 67th birthday.

President Buhari may retain Udo Udoma, Tunde Fashola, Lai Mohammed

Current ministers who excelled during President Muhammadu Buhari’s first term will be considered for automatic appointment into his cabinet during his second term in order to ensure continuity, according to a report.
Saudi Arabia's Energy Minister Khalid Al Falih

Saudi Arabia may raise June crude prices to Asia

Top oil exporter Saudi Arabia is expected to raise June prices for all crude grades it sells to Asia to track stronger Middle East benchmarks, trade sources said on Thursday.

Oil prices fall as US output hits record high

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Oil prices dip as US output at record high since 2017

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Nigerian Navy seizes boat with stolen crude oil in Rivers

The Nigerian Navy said it discovered a barge and boat laden with suspected stolen crude oil on January 29 along Bolo Creek in Rivers state.
Abdul'aziz Yari

Governor Yari predicts another recession in 2020

Chairman of the Nigeria Governors’ Forum (NGF) and Governor of Zamfara State, Abdulaziz Yari, has warned that Nigeria could be heading into another round of recession.
The National Union of Textile Garment and Tailoring Workers of Nigeria held a peaceful protest in Lagos on Tuesday to mark the 40th anniversary of the organisation.

NLC: Current security architecture has failed

Worried by the increasing state of insecurity in the country, the Nigeria Labour Congress (NLC) on Thursday called on President Muhammadu Buhari to rejig the current security architecture in the country with the conclusion that the current system has failed the country.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 1

Group tasks governors to emulate President Buhari on minimum wage

As the nation’s workforce continue to heave a sigh of relief following Presidential assent to 30,000 Naira minimum wage bill, state governors have been urged to sustain the tempo.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Nigeria’s daily crude production in 2018 stood at 2.019 million barrels

The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018.

Oil edges up amid tightening supply, economic slowdown weighs

Oil prices inched up on Wednesday amid supply cuts by producer group, OPEC, and U.S. sanctions on oil exporters, Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.

Oil hits five-month high above $71 on Libyan supply threat

Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions on Iran and Venezuela.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil hovers below 2019 highs amid OPEC supply cuts, US sanctions

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

Central bank chief Godwin Emefiele foresees 3% GDP growth rate in 2019

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Thursday projected that the Nigerian economy would grow by three per cent in 2019, higher than the 1.93 per cent it achieved in 2018.

Oil prices pressured by economic slowdown

Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported by voluntary supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela.

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Archbishop of Enugu Ecclesiastical Provence, Church of Nigeria, Anglican Communion, Dr. Emmanuel Chukwuma

Bishop Chukwuma challenges Governor Ugwuanyi on legacy projects

Most Rev. Emmanuel Chukwuma, Archbishop of Enugu Ecclesiastical Province, Anglican Communion, has appealed to Gov. Ifeanyi Ugwuanyi of Enugu State to leave legacies that posterity would remember him for.

NDLEA: 27 million involved in illicit drugs globally

The National Drug Law Enforcement Agency (NDLEA), has expressed worry over prevalent cases of drug abuse among youths in the country.
Governor of Edo State, Mr. Godwin Obaseki

Central bank, BoI mull financing window for Edo Creative Hub

The Central Bank of Nigeria (CBN) and the Bank of Industry (BoI), have disclosed plans to partner with the Edo State Government to ease access to finance to creators at the Edo Creative Hub.

Police confirm Lagos man kills wife, son, self

The police in Lagos said a 42-year-old man, Enifeh Omomo, allegedly committed suicide after killing his wife and their six-year-old son at their Ikorodu residence.
This picture taken on Tuesday, July 17, shows trucks completely blocking a section of the Oshodi-Apapa Expressway at Second Rainbow inward Mile 2, and commercial buses driving against traffic.

Truckers hails removal of navy from controlling Apapa traffic

The Federal Government’s withdrawal of the Nigerian Navy and other military formations from controlling traffic at the Apapa Port has been lauded as a welcome development by some truck owners.