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Seplat Petroleum Development Company

Seplat driving sustainability with growing gas business – chief

Seplat Petroleum Development Company Plc, leading indigenous energy company, has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria.
U.S. President Joe Biden hosts a meeting with labor leaders to discuss coronavirus response legislation and the president's infrastructure plan in the Oval Office at the White House in Washington, U.S., February 17, 2021. REUTERS-Leah Millis

Joe Biden to debut at G7 with vaccines, economy and China in focus

U.S. President Joe Biden will attend his first meeting with Group of Seven leaders on Friday to discuss plans to defeat the coronavirus, reopen the battered world economy and counter challenges posed by China.
FILE PHOTO - Ngozi Okonjo-Iweala poses outside a Nigerian diplomatic residence in Chambesy, near Geneva, Switzerland, September 29, 2020. REUTERS-Emma Farge-File Photo

Can this grandmother save the world?

As the World Trade Organisation formally announced the appointment of Dr. Ngozi Okonjo-Iweala as Director General this week, a Swiss newspaper received her with a disgraceful headline: “This Grandmother will become the boss of the WTO,” with her photograph under the headline. The headline sparked an outrage, forcing the editors to modify their position: “This 66-year-old Nigerian will head WTO.”
FILE PHOTO - Ngozi Okonjo-Iweala poses outside a Nigerian diplomatic residence in Chambesy, near Geneva, Switzerland, September 29, 2020. REUTERS-Emma Farge-File Photo

Ngozi Okonjo-Iweala says her performance at WTO will open doors for Africans, women

Dr Ngozi Okonjo-Iweala, the newly appointed Director-General of the World Trade Organisation says her performance at the organisation will open doors for Africans and women to head international organisations.

IMF: Nigeria vowed to avoid fuel subsidy’s return

The International Monetary Fund says Nigeria has expressed strong commitment to avoid the return of fuel subsidy and to put an end to electricity tariff shortfalls by June this year.
Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most populous nation in Africa, are common, but a system collapse is unusual.

Pro-Buhari group kicks against high electricity tariffs

The Buharism Movement, a President Muhammadu Buhari support group, has condemned the high electricity tariffs by the Power Distribution Companies, DISCOS in the country.
U.S. President Joe Biden speaks at the Pentagon in Arlington, Virginia, U.S., February 10, 2021. Alex Brandon-Pool via REUTERS

Presidents Biden and Xi hold first phone call amid tense U.S.-China relations

U.S. President Joe Biden and his Chinese counterpart Xi Jinping held their first telephone call as leaders, with Biden saying a free and open Indo-Pacific was a priority and Xi warning confrontation would be a ‘disaster’ for both nations.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Nigerian government inaugurates crude oil cost optimisation programme

The Federal Government has inaugurated the Nigerian Upstream Cost optimisation Programme (NUCOP) to drive down the cost of crude oil production in the country.
International Trade Secretary Liz Truss is set to speak to officials in Japan and New Zealand on Monday to formally make the request.

CPTPP: UK to formally apply to join trans-Pacific trade bloc

The United Kingdom has announced it will formally apply to join a trans-Pacific trading bloc of 11 countries next week, with negotiations set to start later this year.

ACFTA: We need clear tariffs directives – Customs

The Nigeria Customs Service (NCS) has said that it needed clear directives on tariffs on goods covered by the African Continental Free Trade Agreement (ACFTA).
French Foreign Affairs Minister Jean-Yves Le Drian speaks during a news conference at a meeting to discuss how to push forward stalled Arab-Israeli peace talks, in Amman, Jordan, September 24, 2020. Khalil Mazraawi-Pool via REUTERS-File Photo

France wants suspension of ‘poisonous’ U.S.-Europe trade spat

The European Union and the incoming administration of U.S. President-elect Joe Biden should suspend a trade dispute to give themselves time to find common ground, France’s foreign minister said in remarks published on Sunday.
Nigerian National Petroleum Corporation (NNPC)

96 firms bid for NNPC infrastructure rehab

No fewer than 96 companies from Nigeria and overseas have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure.
Mr Bayo Olugbemi, President, Chartered Institute of Bankers of Nigeria (CIBN) says the banking sector in Nigeria has a good capital base to facilitate the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement.

CIBN boss optimistic banks will facilitate AfCFTA success

Mr Bayo Olugbemi, President, Chartered Institute of Bankers of Nigeria (CIBN) says the banking sector in Nigeria has a good capital base to facilitate the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement.
FILE PHOTO - A lorry drives towards the border control at the Port of Dover, following the end of the Brexit transition period, in Dover, Britain, January 4, 2021. REUTERS-Toby Melville-File Photo

EU lawmakers kick off two-month review of UK trade deal

The European Parliament kicked off a two-month review on Monday of the EU-UK trade agreement struck on Christmas Eve, promising to “properly scrutinise” the deal even if it is almost certainly bound to approve it.
French Finance Minister Bruno Le Maire said the tariffs would not have been “legitimate” under World Trade Organization rules in any case and redoubled his call for a global solution.

US suspends tariffs against French goods over digital service tax

The United States says it will hold off slapping tariffs on French cosmetics, handbags and other imports in retaliation for a digital services tax (DST) Washington says will harm US technology firms, while it investigates similar taxes elsewhere.
The Minister of Power, Mr. Sale Mamman, who disclosed this in series of tweets via his official Twitter handle, explained that the Siemens deal would expand Nigeria’s power grid capacity to 25,000 megawatts.

Why Nigerian government suspended new electricity tariff hike

Minister of Power, Engr. Sale Mamman, has directed the Nigeria Electricity Regulatory Commission, NERC, to suspend the recent hike in electricity tariff with immediate effect.
The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

Nigerian government orders reversal of hiked electricity tariff

The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in December 2020.
Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most populous nation in Africa, are common, but a system collapse is unusual.

Electricity consumer groups oppose minor tariff adjustment

Electricity consumer groups on Wednesday kicked against the minor adjustment in electricity tariffs approved for the 11 electricity distribution companies by the Nigerian Electricity Regulatory Commission (NERC).

Minister: Nigerian government didn’t increase electricity tariffs, only adjusted bands

The Minister of State for Labour and Employment, Festus Keyamo, says the Federal Government didn’t increase electricity tariffs but adjusted some bands for users to pay what they are supposed to pay.
The Ibadan Electricity Distribution Company Plc (IBEDC) said it has begun the implementation of the revised service-based reflective tariff as approved by the Nigerian Electricity Regulatory Commission (NERC).

NERC approves new tariff increase for Ibadan Disco in minor review

NERC in an order (NERC/225/2020) signed by its Chairman, Sanusi Garba and Commissioner Legal, Licensing and Compliance, Dafe Akpeneye, on December 31, 2020, said the new tariff order took effect January 1, 2021 and will exist until a new order is made.
Kola Ologbondiyan

PDP: Nigerians fed up with President Buhari’s government

The Peoples Democratic Party (PDP), on Sunday, maintained that Nigerians have become fed up with the Muhammadu Buhari administration and are now rallying under the main opposition party.
The National Publicity Secretary, Kola Ologbondiyan, “He is fully aware of the constitutional implication of his decision to defect to another party; which is that he cannot continue to occupy the seat of the PDP in the Senate.

PDP: Presidency’s attack on us a kick of weak horse

The Peoples Democratic Party, (PDP), described the attack by the Presidency against the party as a feeble kick of a weak horse and a failed attempt to beguile Nigerians.

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Leah Sharibu

Women’s Day: Nigerian government urged to look deeper into Leah Sharibu’s case

Sen. Bassey Ewa Henshaw (Cross River South 2003-2011) on Friday called for more equitable distribution of positions, responsibilities and opportunities irrespective of gender and social status to bring out the best in the citizens.
The Board of Directors of FCMB Group Plc has announced the retirement of Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an executive director of the group.

Peter Obaseki retires as FCMB chief operating officer

The Board of Directors of FCMB Group Plc has announced the retirement of Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an executive director of the group.
Arsenal have this evening revealed a late update on the fitness of Emile Smith Rowe, ahead of their showdown with Burnley.

Arsenal provide update on Smith Rowe ahead of Burnley clash

The Gunners will of course head into the Turf Moor clash with their tails up, on the back of a morale boosting pair of wins over the last couple of weeks.

Report: Many Delta residents not aware of ongoing council poll

Some residents of Asaba and its and environs on Saturday said they that they were not aware of the local government poll taking place across Delta State, according to a report by newsmen.
FILE PHOTO: Anthony Fauci, MD, Director, National Institute of Allergy and Infectious Diseases, National Institutes of Health, testifies during a U.S. Senate Senate Health, Education, Labor, and Pensions Committee Hearing to examine COVID-19, focusing on an update on the federal response at the U.S. Capitol in Washington, D.C., U.S., September 23, 2020. Graeme Jennings/Pool via REUTERS

White House chief medical advisor: US at risk of another coronavirus spike in coming...

White House chief medical advisor, Dr Anthony Fauci, warned Friday that the US may soon be hit with a spike in COVID-19 cases — even though the country has administered more vaccine shots than any other nation.

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Okezie Ikpeazu

Abia governor: Eziukwu cemetery road’ll be recovered under my watch

Governor Okezie Ikpeazu has assured that the on-going Eziukwu Cemetery Road which has been abandoned for close to three decades would be fully recovered under his watch.
FRSC Accident

Six escape death in Osun auto-crash

The Federal Road Safety Corps (FRSC), on Thursday, said no fewer than six persons escaped death in an accident that occurred on Osogbo-Gbongan expressway.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police rescue kidnap victims, nab robbery suspect in Delta

Operatives of the Delta Police Command have rescued two kidnap victims who are members of a popular church in Delta from their abductors.
Governor Nyesom Wike of Rivers State has given a major reason the immediate past Nigerian security heads failed.

Rivers governor urges media practitioners to report objectively

Gov Nyesom Wike of Rivers on Tuesday urged media practitioners to be more circumspect while reporting issues that could further polarise the country.
A view shows the Grand Immaculate Church, ahead of the planned visit of Pope Francis to Iraq, in Qaraqosh, Iraq February 23, 2021. Picture taken February 23, 2021. Picture taken with a drone REUTERS-Thaier al-Sudani

Clergy lead a rare Christian revival in Iraqi town welcoming pope

As Islamic State fighters advanced across northern Iraq in 2014, Mazen Shemes’ nine-year-old son was killed by a mortar. The family had to bury him quickly before fleeing the same night, along with thousands of other Christian families.