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ATM records N39.15trn transactions in Q4 2018

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018.
L-R Toby Shapshak, Keynote Speaker; Funke Opeke, CEO, MainOne; and Libby Barr, Chief Operating Officer, Avanti Communications at Nerds Unite 2019, MainOne’s annual IT event at Oriental recently

Avanti partners MainOne to improve broadband penetration in Nigeria

Under this arrangement, MainOne will leverage Avanti’s newest satellite, HYLAS 4, launched in April 2018 to enable highly flexible capacity services with 100% country coverage of Nigeria.

SEC shuts down Ponzi scheme in Kano

The Securities and Exchange Commission (SEC) has sealed off the premises of Dantata Success and Profitable Company, Kano for engaging in illegal capital market activities,
Abike Dabiri-Erewa

Nigeria, Lebanon partners on diaspora investment

Nigeria and Lebanon are in the process of increasing the investment potentials of their Diaspora for the development of both countries.

Lai Mohammed: No shortcut to wealth, success

The Minister of Information and Culture, Alhaji Lai Mohammed, has admonished Nigerian youths to be focussed and assiduous and shun any kind of shortcut to wealth and success.
Samsung Heavy Industries

Samsung invests over $400 million in NIgeria’s oil, gas sector

Samsung Heavy Industries (SHI) says it has invested over 400 million dollars in the Nigerian oil and gas industry since the global shipbuilding giant was awarded the contract to build the Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels of crude oil per day Egina deepwater field.

China’s industrial slowdown hits oil and gas trade

China’s thirst for oil and gas is set to wane this year, though in 2018 it posted a record intake for both crude oil and liquefied natural gas (LNG), cementing its status as the world’s largest oil and second-largest LNG importer.
A sign on the front of the Brown v. Board of Education National Historic Site in Topeka notifies visitors of the impact of the federal government shutdown. As the event continues into three weeks, multiple impacts are being felt, including the lack of important economic reports that keep people updated on economic conditions. [Chris Neal/The Capital-Journal]

US shutdown sends economy into uncharted waters

The US government shutdown on Saturday became the longest in history and is taking a growing bite out of the world’s largest economy with each passing day, economists say.
Zainab Ahmed

Excess crude account declines by $1.68 billion in three weeks

Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.

Federal government to raise daily crude oil production by two million barrels

Emmanuel Ibe Kachikwu, the Minister of State, Petroleum Resources, has said that the Egina FPSO project, once commissioned this month, will increase Nigeria’s daily crude oil production by 200, 000 barrels.
President Muhammadu Buhari has finally reacted to reports that he had been cloned.

Federal government, oil marketers meet this week over subsidy stalemate

There are indications that the prevailing calm in the oil and gas industry may be sustained at a huge cost to the Federal Government as operators within the sector have intensified pressure on President Muhammadu Buhari to pay subsidy arrears inherited from former President Goodluck Jonathan.
President Buhari presides over Federal Executive Council (FEC) Meeting in State House on 12th Dec 2018-4

Muhammadu Buhari expresses commitment to reform oil sector

President Muhammadu Buhari has expressed his commitment to reform the oil and gas sector, pointing out that effectively reforming the petroleum industry must be meticulous and designed to meet the yearnings and aspirations of the citizenry.
Otakikpo Marginal field

Operator: $12 million LPG plant ready 2019

Barring the unforeseen, the $12 million Liquefied Petroleum Gas plant (LPG) currently under construction in Ikuru in Rivers State, by Green Energy International Limited (GEIL), operator of Otakikpo Marginal field in OML 11, will become operational by the second quarter of 2019.
Dapo Abiodun

2019: Dapo Abiodun expresses hope Ibikunle Amosun will reconcile with Ogun APC

Buoyed by the ongoing peace initiatives by the national leadership of the All Progressives Congress (APC), the governorship candidate of the party in Ogun State, Prince Dapo Abiodun, has expressed confidence that Governor Ibikunle Amosun will reconcile with the party and support him to win the governorship election scheduled for March 2019.
buhari muhammadu

Federal government pledges to sign the Petroleum Industry Bill

The Federal Government has pledged to sign the Petroleum Industry Bill into law once the bill is transmitted to the presidency.

Canada desperately looking to fill 430,000 vacant jobs

A business group warned on Tuesday that a labor shortage in Canada is deepening, with more than 430,000 jobs at small and medium-sized firms remaining unfilled for at least four months.

Femi Falana: Why Executive Order 5 may fail

Human rights activist, Mr. Femi Falana, SAN, has called on the Federal Government to take decisive policy actions to ensure full implementation of the Executive Order No 5.

Slump in oil price threatens government’s economic forecast

The downward slide of crude price may hamper current economic prospects in the country, particularly if the development refuses to abate, oil and gas analysts have said.

Recent Stories

Ogun SSG involved in car crash, one dead

The Secretary to Ogun State Government, Mr Taiwo Adeoluwa, was Friday involved in an auto crash along the Abeokuta – Sagamu Road in which one person died.
Buhari Campaign Organisation BCO

BCO: Thuggery, ballot box snatchers have no place in credible democracy

Few hours to the presidential and National Assembly elections, Buhari Campaign Organisation (BCO) has said that thuggery and ballot snatchers have no place in a credible democracy.

Multiple explosions rock Maiduguri

Multiple explosions were heard in Maiduguri, the Borno State capital in Northeast Nigeria on Saturday morning.

US bans DR Congo election chief, top judge over vote conduct

The United States said Friday it will refuse visas to the Democratic Republic of Congo’s election chief and top judge on charges that they undermined long-awaited presidential polls.
election inec nigeria

INEC seeks partnership with electoral stakeholders in Adamawa for credible polls

Mr Kassim Gaidam, the Resident Electoral Commissioner of the Independent National Electoral Commission (INEC) in Adamawa state, has called for close working relationship with stakeholders for the conduct of credible elections.