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Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic.
Britain’s export credit agency UK Export Finance (UKEF) is set to back a $20 billion liquefied natural gas (LNG) project in Mozambique, a source with direct knowledge of the matter told Reuters on Friday.
Friends of the Earth accused France on Monday of planting a "ticking climate bomb" in Mozambique, where French oil giant Total is developing a mega-project to exploit natural gas.
The All Progressives Congress, APC, in Edo State, has recommended Gov Godwin Obaseki to the National Working Committee, NWC, for total expulsion.
One more patient has died from the COVID-19 infection while 14 others have been discharged as of Sunday morning having fully recovered and their second tests returned negative in Bauchi State.
Though the COVID-19 pandemic situation is gradually becoming part of the life of Nigerians, a few more positive cases, discharges and deaths are being reported on a daily basis as was done Bauchi State which recorded two more deaths and one new case as of Thursday, 28th May 2020.
South Africa’s Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total’s Mozambique liquefied natural gas (LNG) project.
The Nigerian National Petroleum Corporation (NNPC) says it currently has 6,621 staff strength both at its headquarters and across all its subsidiaries, division and offices nationwide.
Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on the completion of the acquisition of Occidental’s other assets in Algeria, the French energy company said on Monday.
Lagos State Governor Babajide Sanwo-Olu has decried the non-compliance to measures to contain the Coronavirus pandemic by some residents of the state.
“There is also a situation that we experience; when we test people, sometimes they find it difficult to find them. The ambulances will go into communities, people will flee their homes, and they make it difficult for us to find them.
“There is also a situation that we experience, when we test people, sometimes they find it difficult to find them. The ambulances will go into community, people will flee their homes, and they make it difficult for us to find them.”
The Private sector-led Coalition Against COVID-19 (CACOVID) has commenced the distribution of 5000 loaves of bread per day for the next 14 days to individuals and families in different locations in Lagos State.
The Nigerian Bar Association (NBA), Ikorodu Branch, Lagos, has advised lawyers to count the cost before hitting the streets, as the Federal Government gets set to ease lockdown.
204 more persons have tested positive for the novel coronavirus, bringing to 1,932, the number of confirmed cases of COVID-19 in Nigeria.
Plateau State Governor Simon Lalong has banned movement between local governments in the State, whilst also relaxing the State lockdown for three days to enable citizens to restock their houses.
Eko Electricity Distribution Company Plc said on Wednesday that the COVID-19 pandemic had slowed down the deployment of meters to customers.
The Corps Marshal, Federal Road Safety Commission (FRSC), Dr Boboye Oyeyemi, says diversion and safety precaution are imminent, owing to the emergency rehabilitation on the third mainland bridge in Lagos.
Former Ekiti State Governor, Ayodele Fayose, has asked security agencies in the country to place suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on watch list.
The Nigerian Defence Academy (NDA), Comandant Maj.-Gen. Jamil Sarham, reaffirmed the academy’s commitment to turn out the best officers for the Nigerian Armed Forces.
President Muhammadu Buhari is currently presiding over the seventh virtual meeting of the Federal Executive Council (FEC) at the Council Chamber of the Presidential Villa, Abuja.
The chairperson of the Plateau Chapter of the Nigerian Association of Women Journalist (NAWOJ), Jennifer Yarima, has observed that women and girls living in houses without toilet facilities are more at risk of being raped.
2013 AFCON winner Godfrey Oboanona says he has not given up on his dream of returning to the Super Eagles under the watch of technical adviser Gernot Rohr.
Liverpool have been strongly linked with a move for the Spain international who has been tipped to leave the Bundesliga champions this summer, the 29-year-old entering the final year of his contract and reportedly keen on a new challenge after seven seasons in Munich.
Liverpool have always been a side that needs “tough love”, says Gerard Houllier, with Jurgen Klopp proving to be the perfect coach to deliver “vision” and long-term success at Anfield.
The Federal government yesterday warned top government officials and Very Important Persons, VIPs, not to approach airport terminals with their aides or personal assistants, saying such privileges will no longer be entertained once the operation of domestic flights commences tomorrow.
Former Police Public Relations Officer of Lagos, CSP, Dolapo Opeyemi Badmus has enlightened Nigerians on easy ways to identify a fraudster to avoid falling victim of their scams.