Baru congratulates Kyari as new GMD NNPC
President Muhammadu Buhari has appointed Mr Mele Kolo Kyari as new Group Managing Director for the Nigerian National Petroleum Corporation. The corporation in a statement released by the NNPC Group…
Buhari govt’s focus on agriculture will boost economy – Adesina
Dr Akinwumi Adesina, the President African Development Bank (AfDB) says Nigeria has all it takes to be “a power house in food and agriculture” on the African continent. Adesina, who…
FCMB manager, accomplice defraud businessman of N210m: court told
A businessman, Alhaji Idris Mohammed on Friday told a Zuba Upper Area Court Abuja, that an FCMB Bank manager, Lukman Bada and his accomplice, Idris Yusuf allegedly defrauded him of…
Nigeria may lose $9bn to foreign firm over failed gas project
A firm incorporated in the British Virgin Islands will ask a British court on Friday for the right to seize up to $9 billion of Nigerian government assets – some…
Huawei is no spy in US or anywhere, says Founder Ren Zhengfei
Ren Zhengfei, the founder of China’s Huawei – the world’s second-largest telecom equipment maker – has spoken to the media for the first time. The 68 year-old spoke to a…
Nigeria shines in Mauritius, as TD wins Philips Partner of the Year Award
Sub-Saharan Africa’s distribution giant, Technology Distributions Ltd. (TD), was the cynosure of all eyes at the just-concluded Philips Partners Conference held in Mauritius where the company claimed the 2018 Partner…
We will deal with economic policy saboteurs – Emefiele
CBN gov. Godwin Emefiele Mr Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), says the bank, with some stakeholders have identified smuggling and dumping as major challenges sabotaging the…
Debt: FG revokes M.K.O Abiola’s family oil licence, others
In a bid to recover debts running into billions of naira, the Department of Petroleum Resources (DPR) has revoked five Oil Mining Licences (OML) and one Oil Prospecting Licence (OPL)…
Insufficient gas denies Nigerians 1,808MW of electricity in one day; N1.3bn lost
Electricity Generating Companies (GenCos) comprising gas-fired and hydro stations released an average of 3,919 MegaWatts (MW) of power into the national grid on Monday, a daily energy report has said….
Osinbajo to inaugurate W/Africa’s largest cooking gas manufacturing plant in Lagos
Vice-President Prof. Yemi Osinbajo is to inaugurate a cooking gas manufacturing plant in Lagos on June 7. The plant is the biggest of its type in West Africa. The Chief…