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ASUU: LASU lecturers behind minimum wage protests impostors

The Academic Staff Union of Universities, Lagos zone, has faulted a local strike action in the Lagos State University over the payment of new minimum wage for higher institutions in the state.
Nigeria Basketball Federation has signed a 5-year deal with Total E&P Nigeria worth N150m ( One Hundred and Fifty Million naira) for the sponsorship of the Men’s Divisions One and Two leagues.

Total commits N150 million to grassroots basketball development

Nigeria Basketball Federation has signed a 5-year deal with Total E&P Nigeria worth N150m ( One Hundred and Fifty Million naira) for the sponsorship of the Men’s Divisions One and Two leagues.
Some irate Rivers youths have shutdown the Afam transmission station, causing total blackout in Port Harcourt, the state capital, and its environs.

Blackout in Rivers as protesters shutdown power station

Some irate Rivers youths have shutdown the Afam transmission station, causing total blackout in Port Harcourt, the state capital, and its environs.
Mr Babatunde Gbadamosi, Lagos State governorship candidate of the Action Democratic Party (ADP) says it is obvious the people of Osun voted massively for Sen. Ademola Adeleke in the 2018 governorship poll.

Lagos by-elections: Babatunde Gbadamosi, Alebiosu Adekoya win PDP tickets

Babatunde Gbadamosi emerged candidate of the People’s Democratic Party (PDP), Lagos State chapter, for the Lagos East senatoral district, on Saturday after defeating three other candidates.

IPMAN calls for local refining to fix petroleum sector

Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist. Ogundoyin stated this...
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices hold near multi-week lows on demand worries

Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.

Nigerian lawmakers order probe into $18 billion NLNG dividend

Nigerian lawmakers have instructed the country’s most senior accountant to investigate payments totalling $18 billion as dividends from Nigeria’s investment in Nigeria Liquefied Natural Gas (NLNG) between 2004 and 2019, a Senate statement said.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE strengthens investor protection, upgrades X-Whistle

The Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle.
Managing Director, Total Exploration and Production Nigeria Limited, Mike Sangster, Tuesday, disclosed that passage of the Petroleum Industry Bill, PIB, would spur a new wave of investments by oil and gas companies in the Nigeria petroleum industry.

Total: PIB to drive new wave of investments in Nigeria’s oil industry

Managing Director, Total Exploration and Production Nigeria Limited, Mike Sangster, Tuesday, disclosed that passage of the Petroleum Industry Bill, PIB, would spur a new wave of investments by oil and gas companies in the Nigeria petroleum industry.
Al Nassr forward Ahmed Musa has quashed reports linking him with a move to Galatasaray by claiming that he is yet to receive any offers for his signature.

Ahmed Musa stars in Al Nassr’s away win at Al Taawon

Super Eagles captain Ahmed Musa bagged two assists as Al Nassr thrashed their hosts Al Taawon 4-1 in their Saudi Professional League clash on Thursday.
Melee Kyari

Mele Kyari: NNPC now EITI supporting company

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company.

Former Arsenal midfielder completes Villarreal switch

Villarreal have completed the signing of Francis Coquelin from rivals Valencia, with Dani Parejo seemingly set to follow.
Defending champions the Olympic Eagles of Nigeria got off their campaign at the 2019 U-23 Africa Cup of Nations on a dour note following a 1-0 loss to Cote d’Ivoire at the Al Salam Stadium, Cairo, on Saturday evening.

NFF announces beneficiaries of $2 million coronavirus relief fund

The Sports Writers Association of Nigeria, the Supporters Club, as well as Mascots, have all been captured in the breakdown of planned distribution of monies received by the Nigeria Football Federation from FIFA, CAF and sponsors.

Saudi Aramco profits dive 73% as coronavirus batters oil demand

Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Trading sustains positive trend, up by 0.31 per cent

Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.

Exxon Mobil, Chevron report losses on weak oil prices

Exxon Mobil and Chevron suffered losses in the latest quarter as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts.
The logo of French oil and gas company Total is seen in a petrol station in Paris, France February 6, 2020. REUTERS-Gonzalo Fuentes-File Photo

Total suffers first quarterly loss since 2015

Total suffered its first net loss in five years in the second quarter due to the plunge in crude prices triggered by the coronavirus pandemic, the French oil company said Thursday.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR warns against circulation of substandard lubricant in Bauchi

The Department of Petroleum Resources (DPR) in Bauchi, has cautioned retailers against the circulation of substandard Base Oil (Lubricant) products.

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CHIEF Executive Officer, Polaris Bank, Tokunbo Abiru, has charged the bank’s newly hired employees on the need to be professional in the discharge of their responsibilities as a key ingredient for a successful banking career.

Tokunbo Abiru: I will honour my predecessors’ legacies

Candidate of the All Progressives Congress (APC) for Lagos East Senatorial District by-election, Mr Tokunbo Abiru, has promised to honour the legacies left behind by past Senators who have occupied the seat in the past.
Dutch airline KLM said Friday it would shed up to 5,000 jobs due to a “crisis of unprecedented magnitude” caused by the coronavirus pandemic.

EU urges Nigeria to lift airspace restrictions on KLM, Air France, Lufthansa

European Union (EU) has urged the federal government to have a rethink over restrictions placed on KLM, Lufthansa and Air France.

Edo election: INEC chairman warns staff members against partisanship

The Independent National Electoral Commission (INEC), has appealed its staff not to accorded any advantage to a political party or candidate over the other in the conduct of Edo governorship election.

NBA writes AGF over rules of professional conduct amendment

The Nigerian Bar Association (NBA) says the recent amendment to the rules of professional conduct of legal practitioners (RPC), 2007 has brought ridicule to the association.
Noel Wannang, the committee chairman, announced the development on Friday, said the “cure” was “proven to be safe” after initial trials.

Nigerian researchers develop ‘herbal cure’ for coronavirus

Noel Wannang, the committee chairman, announced the development on Friday, said the “cure” was “proven to be safe” after initial trials.