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CBN: PMI stands at 61.1 index points as at December 2019

The Central Bank of Nigeria (CBN) said the Manufacturing Purchasing Managers’ Index (PMI) stood at 61.1 index points as at December 2018, indicating an expansion in the manufacturing sector for 21 consecutive months.
President Muhammadu Buhari and the presidential candidate of the All Progressives Congress (APC), has said Nigerians will not regret voting him and the APC back to power in 2019.

Muhammadu Buhari: We’ll go tougher on corruption from 2019

President Muhammadu Buhari vowed Friday to go tougher on corruption if he is re-elected in the February 16, 2019 election.

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.

House of Reps summons NNPC, finance minister over alleged unbudgeted subsidy payments

The Minister of Finance, Mrs. Zainab Ahmed, and the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, have been summoned to appear before a House of Representatives joint committee next Thursday to explain their roles in an alleged unbudgeted funds being paid as fuel subsidy.

IPMAN: We will not join planned strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that it would not be a party to the planned strike by other oil marketers.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court adjourns hearing of federal government’s $69 million suit

The Federal High Court, Lagos, has adjourned until Feb.13, 2019, a $69 million suit filed by the Federal Government against Chevron Petroleum Nigeria, seeking to recover oil revenue.

Fuel scarcity looms as marketers give federal government seven-day ultimatum

Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA), and the Independent Petroleum Products Importers (IPPIs) on Sunday gave the Federal Government seven days to settle the N800 billion subsidy debt owed them under the Petroleum Support Fund.

Shell awards scholarships to 1,035 students, undergraduates in Rivers

No fewer than 1,035 secondary school students and undergraduates on Tuesday received scholarships to pursue their academic dreams in Nigeria and abroad.

DPR discovers 50 illegal filling stations in Akwa Ibom

The Department of Petroleum Resources (DPR), Eket office says it had discovered 50 illegal filling stations in the state.
Sidiki Kaba

Nigeria, Senegal to strengthen relations in trade, energy, security, others

Nigeria and Senegal have agreed to strengthen their bilateral relation in the areas of economic, trade and industry tourism, security, defence, energy, agriculture and education, among others, Senegalese Foreign Minister, Sidiki Kaba said.

We’re yet to be paid N800 billion subsidy – petrol marketers

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.
Africa's richest man Aliko Dangote

Aliko Dangote: I am not against signing AfCFTA

Africa’s richest man, Aliko Dangote, has said he is not the one preventing the Federal Government from signing the Africa Continental Free Trade Agreement, AfCFTA.

House of Reps summons NNPC over alleged fraudulent deal with Chinese firm

The Nigerian National Petroleum Corporation (NNPC) has been summoned to appear before the House of Representatives’ Committee on Petroleum Resources (Downstream) to respond to an allegation that it granted unofficial approval to a Chinese firm to lift over 80 trillion metric tonnes of Low Pour Fuel Oil (LPFO).

Senate queries federal government for non-payment of approved petrol subsidy

The Senate Committee on Petroleum (Downstream) has criticised the federal government for not paying the subsidy claims by petroleum product marketers despite approval by the National Assembly since July.

Two NSCDC officers arrested over pipeline vandalisation

Two officials of Nigeria Security and Civil Defence Corps, NSCDC, have been arrested by members of the Inspector General of Police Special Task Force on Petroleum, Illegal Bunkering and Adulteration in Sagamu, Ogun State, for breaking into Nigerian National Petroleum Corporation, NNPC, pipelines to siphon oil.

Gunmen abduct four oil workers in Bayelsa

Suspected kidnappers operating in the creeks of Bayelsa State have reportedly abducted four oil workers along the waterways of Southern Ijaw Local Government Area.
Qatar Petroleum said it is boosting its natural gas production by adding a fourth liquefied natural gas (LNG) production line to raise capacity from the North Field to 110 million tonnes a year.

Qatar to increase gas production amid GCC rift

Qatar Petroleum said it is boosting its natural gas production by adding a fourth liquefied natural gas (LNG) production line to raise capacity from the North Field to 110 million tonnes a year.

Senator Marafa: Why Governor Yari should resign

Chairman, Senate Committee on Petroleum, Senator Kabiru Marafa, yesterday said that the Zamfara State governor, Abdulaziz Yari was supposed to resign as a governor if he has conscience for saying that he had resigned as the Chief Security Officer of the State.

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Manchester United’s Norwegian caretaker manager Ole Gunnar Solskjaer celebrates following the English Premier League football match between Newcastle United and Manchester United at St James’ Park in Newcastle-upon-Tyne, north east England on January 2, 2019. – Manchester United won the match 2-0. (Photo by Lindsey PARNABY / AFP)

Ole Gunnar Solskjaer warns Manchester United players over complacency

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Federal government releases N12 billion for completion of Zobe dam in Katsina

The federal government has released the sum of N12 billion for the implementation of Zobe Dam in Katsina State as part of its efforts to boost water supply across the country.

Official: Heritage Bank to list on stock exchange soon

Ifie Sekibo, managing director and chief executive officer of Heritage Bank, says the bank will soon be listed on the Nigerian Stock Exchange (NSE).
Liverpool midfielder Fabinho

Fabinho warns against mistakes as Liverpool prepare for another ‘final’

Fabinho is hoping to see Liverpool avoid “silly” mistakes as they prepare to treat every Premier League fixture in an ongoing title challenge as a “final”.