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The Nigeria Centre for Disease Control says it has extended its molecular laboratories with the capacity to detect Coronavirus Disease to six. Dr. Chikwe Ihekweazu, Director General of the NCDC, disclosed this to newsmen on Saturday in Abuja, while giving an update on COVID-19 in the country.

Coronavirus cases in Africa double in one week

African countries have so far recorded over 4,000 confirmed cases of coronavirus (COVID-19), more than double the figure as of Monday.
A might pipeline explosion that shook several houses rocks Abule Ado area of Ojo, Lagos, Southwest Nigeria on Sunday morning.

Mighty explosion rocks Lagos

A mighty pipeline explosion that shook several houses rocks Abule Ado area of Ojo, Lagos, Southwest Nigeria on Sunday morning.
Nigerian Stock Exchange NSE

Nigeria stock market capitalisation drops further by N656 billion

Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
Nigerian Stock Exchange NSE

NSE: Investors lose N329 billion amid coronavirus fear, fall in oil price

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.
Nigerian Stock Exchange NSE

Profit taking drags down equity performance by 1.2 percent

The equities market today (Tuesday) recorded the first profit taking after a long streak gain this month leading to a decline in a major performance index as the Nigerian Stock Exchange, NSE All Share Index declined by 1.2 percent or 118 bases points, bps.
Nigerian Stock Exchange NSE

Trading sustains upward trend on NSE, market capitalisation crosses N13 trillion mark

The market capitalisation of the Nigerian Stock Exchange on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020.

Oando’s chairman, secretary, general manager receive prestigious recognitions

In addition to recording a profit in its Q3 financials in Ocotober, Oando’s management has received recognition from various reputable institutions in the country.

Oando‘s profit up by 26 percent to N13.1 bn in Q3

Oando Plc, an indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange has announced unaudited results for the nine months period ended September 30, 2019,(Q3’19) recoding Profit After Tax , PAT of N13.1 billion, an increase of 26 percent compared to N10.4 billion in the same period in 2018 (Q3’18).

NNPC transfers stakes in three oil assets to NPDC

The Nigerian National Petroleum Corporation, NNPC, yesterday, signed an agreement with Nigeria Agip Oil Company, NAOC, and Oando, for the transfer of NNPC’s stake in three oil wells, Oil Mining Lease, OML, 61, 62 and 63 to its upstream subsidiary, Nigerian Petroleum Development Company, NPDC.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

NNPC signs agreement with NAOC on four OMLs

The Nigerian National Petroleum Corporation has signed a novation agreement with Nigerian Agip Oil Company on Oil Mining lease 60,61,62 and 63.
The Chief Operating Officer, Dr. Ainojie Alex Irune and General Manager, Commercial, Akinbambo Ibidapo-Obe, of Oando Energy Resources (OER), the upstream subsidiary of Oando PLC recently paid a courtesy visit to the Prime Minister of Sao Tome and Principe (STP), Jorge Bom Jesus, and the Minister of Infrastructure, Natural Resources and Environment, Osvaldo Abreu.

Oando reaffirms commitment to support development of Sao Tome & Principe

The Chief Operating Officer, Dr. Ainojie Alex Irune and General Manager, Commercial, Akinbambo Ibidapo-Obe, of Oando Energy Resources (OER), the upstream subsidiary of Oando PLC recently paid a courtesy visit to the Prime Minister of Sao Tome and Principe (STP), Jorge Bom Jesus, and the Minister of Infrastructure, Natural Resources and Environment, Osvaldo Abreu.

Oando announces H1 2019 results, posts N7.2 billion profit-after-tax

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the six months period ended June 30, 2019.

Oando records six per cent increase in turnover

The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.

DPR sanctions 33 filling stations in Rivers

No fewer than 33 filling stations in Port Harcourt, Rivers State, have been closed by officials of the Department of Petroleum Resources (DPR) for alleged sharp practices.
Melee Kyari

MRS, Vitol, Oando, AYM Shafa win NNPC crude-for-fuel contracts

The NNPC has reportedly issued award letters for highly sought-after contracts to exchange crude oil for imported fuel, with some Nigerian oil firms beneficiaries.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Clarion call for SEC, other agencies to respect rule of law

If the SEC goes ahead with this action it will be in clear violation of the interim injunction obtained by Oando’s principals Adewale Tinubu, the Group Chief Executive and Omamofe Boyo, the Deputy Group Chief Executive which restrains SEC, its servants and agents from directing or requesting any agency of the Government to act upon its decisions contained in its letter of 31st May pending the hearing.

International bodies appeal to SEC to end feud with Oando

The Securities & Exchange Commission (SEC) and Oando saga is generating commentary from all quarters. There have been appeals for SEC to follow due process in the Oando case from groups as divergent as minority shareholder groups to NGOs to the Institute of Directors and even reputable voices such as Atedo Peterside. The international community has been draweninto the fray with the US–Nigeria Trade Council (UNSC) echoing the same tune, but this time the same message.

CSO urges SEC to review Oando’s sanction

A Civil Society Organisation (CSO), Initiative for Leadership and Economic Watch in Nigeria (ILEWN), has urged the Securities and Exchange Commission (SEC) to review the sanction it placed on Oando Plc to give room for equity and justice.

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police confirm death of 22 in Sokoto bandits’ attack, foil ambush

The Police in Sokoto on Thursday confirmed the death of 22 villagers in the state following sporadic shooting by suspected bandits in Gangara community.
The Cross River Commissioner for health, Dr Betta Edu has restated the state’s preparedness to tackle Coronavirus if it eventually gets to the state.

Cross River suspected coronavirus case tests negative

Confirming the report to newsmen on phone Thursday night, Edu said the case from UCTH that went viral on the various social platform came out negative.

President Buhari’s daughter rejoins family after self-isolation

The daughter of President Muhammadu Buhari who went on self-isolation after returning from the United Kingdom, UK, two weeks ago has rejoined the family.
Nigeria has confirmed 12 new casesof coronavirus with total number of cases in the country rising to 151.

Coronavirus hits 51 of 55 nations of Africa

Malawi recorded three cases, on Thursday, as the number of cases in Africa struck 6,940 with 278 deaths and 567 recoveries as of 8.30p.m.

WHO concerned as coronavirus accelerates in Africa

With more than 6,000 COVID-19 cases reported in Africa, the virus is threatening fragile health systems on the continent.