Crude oil production in Nigeria tumbled by 155,000 barrels to a record low in December amid the production cuts by the Organisation of the Petroleum Exporting Countries and its allies. OPEC disclosed this on Thursday in its report for January, saying a meaningful rise in oil prices would brighten Nigeria’s economic outlook this year. The … [Read more…]
The Federal Government on Wednesday announced the disbursement of another N123.348 billion under its States Fiscal Transparency Accountability and Sustainability (SFTAS) programme. The money is a performance-based grant to the states. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this in a statement by Mr. Hassan Dodo, the Ministry’s Director … [Read more…]
THE National Examination Council on Wednesday announced the release of the 2020 Senior School Certificate Examination (internal) results. But a total of 233,000 candidates, who were prevented from taking the NECO examination in some states due to the #EndSARS protests, would be accommodated in the external examination scheduled for between Monday February 1 … [Read more…]
The pre-export requirements recently introduced by the Central Bank of Nigeria is currently frustrating the export of goods from Nigeria to other nations, exporters declared on Wednesday. Speaking under the aegis of the Network of Practicing Non-oil Exporters of Nigeria, they stated that the electronic Nigeria Export Proceed Form being required by the bank … [Read more…]
Conference of Nigerian Elders (CONES) has warned that the insecurity situation in the country would cost President Muhammadu Buhari and the All Progressives Congress (APC) the 2023 elections. The group, in a statement, yesterday, by its representatives, Tunde Banjo, Achike Nwachukwu and four others, said security of lives and property was deteriorating daily and expressed shock … [Read more…]
The sustained increase in global crude oil prices has pushed up the landing cost of imported petrol closer to the current pump prices of the product in Nigeria, and appears to have triggered a return to petrol subsidy era, ’FEMI ASU reports Since November 13, 2020 when the pump prices of Premium Motor Spirit … [Read more…]
Lagos lawyer Femi Falana’s wife, Mrs Funmi Falana, on Sunday said the president, Major General Muhammadu Buhari (retd.), and the 36 state governors should resign from office if they were helpless on the insecurity in the country. Falana, who is also a human rights activists, said governments had failed on security and something needed to … [Read more…]
The international oil benchmark, Brent crude, extended its gains on Friday, rising above $55 per barrel, in what is a potential boost to Nigeria’s crude oil export revenue. Brent crude, against which Nigeria’s oil is priced, hit an 11-month high of $55.41 per barrel as of 2:50pm Nigerian time on Friday, trading more … [Read more…]
The scheduled ruling on the bail application filed by the publisher of SaharaReporters, Omoyele Sowore, and four others at the Magistrates’ Court, Wuse Zone 2, Abuja was on Friday stalled by the failure of the prosecution to produce them before Magistrate Mabel Segun-Bello. The court had on January 6, 2021, scheduled … [Read more…]
The 2023 general elections are only two years away but intrigues by actors in the political space have undoubtedly started. Prior to the 2014 merger of three opposition political parties, the then ruling People’s Democratic Party had made good use of the divide and rule tactics to run over the opposition especially … [Read more…]
There is palpable fear among workers and residents of the University of Lagos (UNILAG), Akoka, as two more professors including a law lecturer and incumbent attorney-general of Oyo State, Oyelowo Oyewo, have been confirmed positive of the deadly coronavirus disease. This is coming on the heels of the country’s new record high figure of confirmed … [Read more…]
The Rivers State Government and the National Oil Spill Detection and Response Agency have said they will investigate the gas pipeline explosion, which shattered the serenity of Oduoha and Elibrada communities in the Emohua Local Government Area of the state on Wednesday. Sources told our correspondent that the rupture occurred around 3am, resulting in … [Read more…]