Optimum
OPL 310: Optimum’s default clause termination letter invalid – Lekoil
An oil and gas E&P company with a focus on Nigeria and West Africa, Lekoil, yesterday maintained that a letter written by Optimum Petroleum Development Company, operator of the Oil Prospecting Licence (OPL) 310, proposing to terminate the Cost and Revenue Sharing Agreement (CRSA) executed for the facility, remains invalid.
Global life insurers impose restrictions, worried about long-term pandemic risks
Global life insurers are taking steps to curb payouts stemming from the coronavirus pandemic, including long-term health consequences that are not fully understood, industry sources told Reuters.
Nigerian government raises hate speech fine to N5 million
The code also contains the Antitrust provision aimed at boosting local content and local industry due to laws prohibiting exclusive use of rights by broadcasters who, according to the minister, intend to create monopolies and hold the entire market to themselves.
Kebbi step-up efforts to boost fish production for export
The Kebbi State Government says it has set in motion machinery to provide material support and training to fish farmers to improve production of fish for domestic and export purposes.
Power: World Bank loan will unlock economic growth – capital market operator
A capital market operator, Mr Godwin Anono, says the World Bank loan of $750million to fix energy challenges in the country will unlock the country’s economic growth.
Lekoil, Optimum agrees on deferring $7.6 million OPL310 payment due May 2
Lekoil said it has reached an agreement with Optimum Petroleum Development Company, the Operator of the OPL 310 License, on deferring the final tranche of payment of US$7.6 million due on or before 2 May 2020.
Sadio Mane credits upbeat Jurgen Klopp with keeping Liverpool spirits high
Liverpool striker Sadio Mane has praised manager Juergen Klopp for his positivity as the club’s players sit idle with the Premier League on hold and the team facing the prospect of missing out on a first championship triumph in 30 years.
NYCN hails President Buhari for naming Abuja Stadium after MKO Abiola
The National Youth Council of Nigeria (NYCN) has commended President Muhammadu Buhari for bestowing an additional honour on late Chief M.K.O Abiola by renaming the National Stadium Abuja after him.
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Nigeria threatens to ban flights from UAE, Netherlands
The task force said the Ministry of Aviation and its relevant agencies have been mandated to take the necessary reciprocal measures as may be permissible under the laws and other international obligations expected to be discharged against Emirates airlines operating from the UAE and other airlines from The Netherlands.
Manchester United boss rules out late title push despite derby win
Manchester United boss Ole Gunnar Solskjaer is refusing to dream of a late title push, believing Manchester City are “too far ahead” despite yesterday’s superb derby win.
NIOB, PSN, 28 others seek more roles for Nigerian professionals
Nigerian Institute of Building (NIOB), Pharmaceutical Society of Nigeria (PSN) as well as 28 other bodies under the umbrella of the Association of Professional Bodies of Nigeria (APBN) have called for more patronage of indigenous professionals.
AfDB approves $1.3 million grant for female financial inclusion research in Africa
The African Development Bank (AfDB) has approved two grants worth $1.3 million for research aimed at increasing women’s access to a range of digital financial services on the continent.
Jurgen Klopp hopes for respite for struggling Liverpool
Liverpool manager Jurgen Klopp hopes a change of competition will give his side a break from their wretched Premier League form that has put their chances of a top-four finish in jeopardy.
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Reps speaker praises health workers in fight against coronavirus
Femi Gbajabiamila, Speaker, House of Representatives, has commended Nigerian health workers for being the major contributors to the success in the COVID-19 fight.
EFCC: No more congratulatory messages for Abdulrasheed Bawa
The Economic and Financial Crimes Commission, EFCC, has observed the increasing number of messages published in the print media by groups and individuals, congratulating Mr. Abdulrasheed Bawa on his well-deserved appointment as the Executive Chairman of the Commission.
Official: Troops kill four bandits, recover three rifles in Kaduna
The Kaduna State Government said troops of Operation Thunder Strike (OPTS) have killed four bandits and recovered three rifles in Chikun Local Government Area of the state.
Zamfara governor: How abducted schoolgirls were released
“Alhamdulillah! It gladdens my heart to announce the release of the abducted students of GGSS Jangebe from captivity. This follows the scaling of several hurdles laid against our efforts. I enjoin all well-meaning Nigerians to rejoice with us as our daughters are now safe,”, Mutawalle tweeted to announce the release of the schoolgirls Tuesday morning.
Abia government tasks NBC to urgently delineate boundary with Akwa Ibom
Following the incessant border clashes between Ariam communities in Ikwuano council area of Abia State and their counterparts in Ini and Obot Akara councils of Akwa Ibom State, the Abia state government has tasked the National Boundary Commission, NBC, to urgently delineate the boundary between the two states.