The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day Brownfield refineries in Port-Harcourt and Warri, both in the Niger-Delta area of Nigeria, to boost local refining of crude oil in the country. The Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu disclosed this in a statement issued on Tuesday […]
Forex: Wholesale market, others get $210m CBN boost
The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesdays trading, the Bank offered the sum of $100,000,000 as wholesale interventions and allocated the sum of $55,000,000 each for […]
Stock Exchange all share index falls by 0.35 per cent
Activities on the floor of the Nigerian Stock Exchange have continued to fall having significant effect across all boards. The numbers of registered stocks have also fallen as 33 stocks depreciated, with only 13 stocks gaining and 124 stocks maintaining their prices per share at the close of Tuesday’s trading activities. Whereas on Monday, 14 […]
Osinbajo lauds Nigerian girls’ victory at World Technovation Pitch
Nigeria’s Acting President, Prof. Yemi Osinbajo, has congratulated the young Nigerian ladies, who won the 2018 Technovation World Pitch in California, USA. Osinbajo’s posted this on his Twitter handle @ProfOsinbajo on Friday. He tweeted: “These young ladies in Junior Secondary School developed a mobile application called ‘FD Detector’ to tackle the problems of fake pharmaceutical products […]
NCC offers N3bn subsidy initiative for Infrastructure Companies
The Nigerian Communications Commission (NCC) said it has made available N3 billion subsidy budget to assist Infrastructure Companies (InfraCos) in the deployment of services in the country. The N3 billion has been approved by the National Assembly and would be executed on a yearly basis. This was disclosed by the Executive Vice Chairman of NCC, […]
Capital Market extends multiple subscription deadline
The Capital Market Committee (CMC) has extended the forbearance period of investors that bought shares with different names, to December 31, 2018 This is to regularise the investors’ accounts in order to get the benefit of their investments. The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk made this known […]
Get ready for The Spirit Life Conference with Paul Adefarasin
Get ready for The Spirit Life Conference with Pastor Paul Adefarasin It’s going to be another September to remember as Paul Adefarasin, Senior Pastor of House On The Rock church is set to host The Spirit Life Conference in Lagos. The 2018 edition of The Spirit Life Conference is happening from Wednesday, September 5th to […]
UNIZIK POST UTME and DIRECT ENTRY 2018/2019 Screening Exercise Dates
The Nnamdi Azikiwe University has scheduled its 2018/2019 POST UTME and DIRECT ENTRY screening exercise for candidates who made the University their first choice in the 2018 University Tertiary Matriculation Examination (UTME) and Direct Entry as well as all NAU Affiliate Institutions. The dates are outlined below: 1. SCREENING EXERCISE DATES: SATURDAY, 25TH AUGUST – […]
Emmanuel sacks two commissioners linked with Akpabio
Ahead of the defection of Senator Godswill Akpabio from the People’s Democratic Party to the All Progressives Congress, Gov. Udom Emmanuel of Akwa Ibom has sacked two commissioners loyal to Akpabio. The commissioners were sacked with immediate effect for what was called “act of disloyalty”. They are the Commissioners for Labour, Productivity and Manpower Development, […]
Buhari approved Daura’s sack – Presidency
The Presidency said on Wednesday the Executive arm of government was unanimous in the sack of the immediate past Director-General of the Department of State Services (DSS), Lawal Daura. The Special Adviser on Media and Publicity to the President, Femi Adesina, fielded questions from journalists after the Federal Executive Council (FEC) […]
Osinbajo, acting DSS chief meet in Aso Rock
Acting President Yemi Osinbajo on Wednesday met behind closed doors with the acting Director-General of the Department of State Services (DSS), Matthew Seiyefa. The meeting started at the Acting President’s office shortly after the Federal Executive Council (FEC) meeting ended around noon. It was still in progress at the time of filing this […]
Saraki vows to fight impunity, alleges threat to life
Senate President Dr. Bukola Saraki on Wednesday vowed to continue to fight against alleged impunity despite alleged threat to his life. He stated this at a press conference on the invasion of National Assembly by Operatives of Department of State Security (DSS) on Tuesday. He said the defection of former Senate Minority Leader […]
Osinbajo, Magu meet in Aso Rock
Acting President Yemi Osinbajo on Wednesday met behind closed doors with the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu. Magu arrived the Acting President’s office around 2.28p.m. The meeting was still in progress at the time of filing this report.
EFCC victimizing Ortom, says media aide
The Benue state government has condemned the freezing of the state’s account by the Economic and Financial Crimes commission (EFCC). Terver Akase, the Chief Press Secretary to the Governor of Benue State, Samuel Ortom, in a statement said that the governor is being victimized. EFCC had reportedly frozen Benue government’s […]
Osinbajo, Tinubu, others welcome Akpabio to APC
The Acting President, Prof. Yemi Osinbajo, SAN, who was represented by the Secretary to the Government of the Federation (SGF), Boss Mustapha, National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, the National Chairman of APC, Comrade Adams Oshiomhole; and the Senate Leader, Senator Ahmed Lawan, who led over 30 senators; […]
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