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Chinese investment in Australia plummets 61 percent

The Australian National University’s Chinese Investment in Australia Database (CHIIA) recorded just over $780m (A$1bn ; £550m) in investment.
Nigeria Naira

Odua Investment: Southwest GDP worth over $80 billion

With a population of over 40 million people, the South West Gross Domestic Product (GDP) is estimated to be worth over $80 billion.
Lekoil

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.
Embattled President of African Development Bank (AfDB), Dr Akinwumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.

AfDB chief: Nigerian system not federalism but fatherism

The President of the African Development Bank Group, Dr Akinwumi Adesina, has lamented that the Nigerian system is not federalism but “fatherism”.
Developers of the Eko Atlantic City Project have described the need to tackle housing deficit in Nigeria by bridging the Gap with infrastructure project to address the complexity of housing deficit problems adding that this would Reflate on the economy and lead the gateway for emerging markets.

Developers vow to tackle housing deficit to reflate economy for emerging markets

Developers of the Eko Atlantic City Project have described the need to tackle housing deficit in Nigeria by bridging the Gap with infrastructure project to address the complexity of housing deficit problems adding that this would Reflate on the economy and lead the gateway for emerging markets.

IPMAN: Petrol price may rise to N195 per litre

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.

NCC allocates 382.9 million telephone numbers to TELCOs

Nigerian Communications Commission (NCC) says it has allocated a total of 382.94 million telephone numbers, to all telecommunications services providers since the inception of digital mobile services in the country in 2001.
Residents set fire to mysterious monolith that appeared in Kinshasa, Democratic Republic of Congo February 17, 2021. REUTERS-Kenny Katombe

Silver monolith torched in Congo after mysterious appearance

The latest in a series of mystery monoliths to capture the imagination of science-fiction fans around the world met a fiery end in the Democratic Republic of Congo on Wednesday when it was torched at a roundabout in the capital.

Silver monolith appears in Congo, prompting suspicion and selfies

A roundabout in Democratic Republic of Congo’s capital Kinshasa has become the latest site occupied by a mystery monolith after similar objects in the United States and elsewhere caught the fancy of science-fiction fans.
A passenger plane flies over a Shell logo at a petrol station in west London, in this January 29, 2015 file photo. REUTERS-Toby Melville-Files

Niger Delta communities floors Shell at UK Supreme Court

In what lawyers said was a “watershed moment” for the accountability of multinational companies, today the court overturned a decision by the court of appeal, and ruled that the cases against Shell could proceed.

Nigerians given green light to sue Shell over oil spills

The UK Supreme Court on Friday allowed a group of 42 500 Nigerian farmers and fishermen to sue Royal Dutch Shell (RDS) in English courts after years of oil spills in the Niger Delta contaminated land and groundwater.
Stanbic IBTC

Stanbic IBTC announces key executive appointments

Stanbic IBTC Holdings PLC said it had made major executive appointments across its units in an attempt to bolster its status as a market leader in the Nigerian financial services industry.
Nigerian National Petroleum Corporation (NNPC)

NNPC declares N13.43 billion trading surplus for November 2020

The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020.
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, who conveyed the Ministry’s position to the Honourable Minister of Finance, Hajiya Zainab Ahmed, in Abuja, reiterated the commitment of the Honorable Minister of Transportation, Rt. Honourable Rotimi Chibuike Amaechi towards ensuring the growth of maritime in Nigeria.

Official: Belgian investors express interest in Nigeria’s maritime transport policy as an investment vehicle

Executive officers of the Port of Antwerp International have expressed interest in Nigeria’s new National Maritime Transport Policy, under development, for possible windows of investment opportunity for Belgian entities.
The House of Representatives on Tuesday reprimanded the Minister of Foreign Affairs, for the continuing maltreatment of Nigerians in the Diaspora.

House of Reps insists on investigating ‘financial mismanagement’ in NNPC pensions, refineries

The House of Representatives has stated its resolve to investigate alleged financial mismanagement in the Nigerian National Petroleum Corporation (NNPC) and 17 other subsidiary agencies.
Nigerian National Petroleum Corporation (NNPC)

NNPC: N2.15 trillion worth of petrol consumed in 13 months

The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November, 2020.

NNPC records 54% increase in trading surplus for November

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N13.43billion for the month of November 2020 up by 54% when compared to the N8.71billion surplus recorded in October 2020.
Residents, government troops flee as armed group overran a town in Nigeria’s Borno state in attack claimed by ISIL.

Insurgency: Commander tasks troops on gallantry, discipline

Maj.-Gen. Faruk Yahaya, Commander, Operation Lafiya Dole, has urged troops fighting against insurgency to show gallantry and discipline in the discharge of their duty.
American Airlines says about 13,000 employees are at risk of furlough when a United States aid package for airline workers expires on April 1, blaming slow vaccine rollouts and new international travel restrictions for dampening demand.

American Airlines warns 13,000 staff of furloughs amid coronavirus pain

American Airlines says about 13,000 employees are at risk of furlough when a United States aid package for airline workers expires on April 1, blaming slow vaccine rollouts and new international travel restrictions for dampening demand.
Channa Samkalden, lawyer of Nigerian farmers and Milieudefensie, and Donald Pols, Director of Milieudefensie, react as they leave a Dutch appeals court after the verdict in a case over oil major Shell's responsibility for oil pollution in the Niger Delta, in the Hague, Netherlands January 29, 2021. REUTERS/Piroschka Van De Wouw

Environmentalists, farmers win Dutch court case over Shell Nigeria spills

In a victory for environmentalists, a Dutch appeals court on Friday said that the Nigerian subsidiary of Royal Dutch Shell was responsible for multiple oil pipeline leaks in the Niger Delta and ordered it to pay unspecified damages to farmers.

Shell loses case against four Nigerian farmers in Dutch court

A Dutch appeal court in The Hague has ruled that the Nigerian branch of Shell has to pay compensation to some Nigerian farmers who have been litigating against the company for 13 years.
Nigerian National Petroleum Corporation (NNPC)

NNPC makes N1.9 trillion from petroleum products sales in 12 months

The Nigerian National Petroleum Corporation (NNPC) Thursday disclosed that it generated N1.95 trillion from the sales of petroleum products in 12 months, from October 2019 to October 2020.

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The Chairman of the Presidential Task Force on COVID-19, Boss Mustapha, disclosed this at a press briefing in Abuja.

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 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.

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.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

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.
Liverpool manager, Jurgen Klopp, has confessed that his boys were tired and not ready to play and paid dearly for the defeat against Brighton.

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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2. Girls who were kidnapped from a boarding school in the northwest Nigerian state of Zamfara, are seen after their release in Zamfara , Nigeria March 2, 2021. REUTERS-Afolabi Sotunde

Kidnappers proposed marriage to abducted Zamfara schoolgirls

“When we were about to be released, some of them came and starting pointing at us and said, ‘we love some of you and we want to marry you if you would accept our proposal. You shouldn’t be wasting your time schooling’,” she said.
Pep Guardiola said his disappointment at Manchester City’s draw with struggling West Bromwich Albion led to a return to “ABC” principles that sparked the club’s record winning streak.

Manchester derby: City boss wary of United’s impressive away record

Pep Guardiola is wary of Manchester United’s impressive away record as they will be hoping to maintain it when they visit the Etihad to face his City side in Sunday’s derby.
Okezie Ikpeazu

Abia governor pledges speedy completion of ongoing major link roads in Aba

Governor Okezie Ikpeazu of Abia State has assured the residents of Aba that three major roads in the city, Port Harcourt Road, Ngwa Road, Ohanku Road as well as Ndiegoro, will soon wear a new look as his administration is committed to the total rebuilding of infrastructure in the town.
President Muhammadu Buhari on Wednesday met with the newly appointed Service Chiefs at the Presidential Villa, Abuja with a directive that they should rise up to the nation’s current security challenges.

Senate confirms service chiefs’ appointment

Those confirmed were - Maj.-Gen. Lucky Irabor, Chief of Defence Staff, Maj-Gen. Ibrahim Attahiru, Chief of Army Staff, Rear Admiral Awwal Gambo, Chief of Naval Staff and AVM Isiaka Amao, Chief of Air Staff.
Although, there are fears over the safety of the vaccines, the Executive Director of NPHCDA, Faisal Shuaib, said there was enthusiasm in Nigeria over Monday’s arrival of 4 million doses of AstraZeneca COVID-19 jabs..

Over 2.3 million Nigerians register for coronavirus vaccination in 24 hours

The National Primary Health Care Development Agency (NPHCDA) on Wednesday dispelled fears that people might not want to be vaccinated against COVID-19, noting that up to 2.3m Nigerians have indicated interest in taking the jabs.