Gunmen abduct 5 oil workers in 7 days, fear returns in the creeks
Gunmen kidnapped three oil workers from Canada, Scotland and Nigeria at a rig in Nigeria’s Delta region on Saturday, officials said – the second abduction in the area in less…
World Bank’s new president skips China’s Belt and Road Infrastructure Summit for Africa trip
New WB President, David Malpass Nearly 40 world leaders and scores of finance officials, including International Monetary Fund Managing Director Christine Lagarde, are gathered in Beijing for China’s second Belt…
Internet: How Africa Can Leapfrog Its Connectivity Challenge
The digital divide continues to be a problem in Africa according to Ovum’s Africa Digital Outlook Report, 2019. The report identifies and analyses the most important developments and growth prospects…
Aiteo: Fire outbreak cuts Nigeria’s crude output by 8%
An oil company in Nigeria is declaring a “force majeure” shutdown after a fire. The temporary closure is expected to cut Nigeria’s oil production by about 8 percent per day….
Rising Debt: We Are No Where Near A Debt Crisis, Says FG
Minister of Finance, Zainab Ahmed The Minister of Finance, Mrs Zainab Ahmed says while government borrows to deliver on its promises, it was also mindful of rising debt burden, which…
Winners Win Big As ARM Recognises Young Entrepreneurs At DAAYTA 2019
The Deji Alli ARM Young Talent Award (DAAYTA) by Asset and Resource Management Holding Company Limited (ARM) has announced Murtala Sani of WeSabi as the first place winner of the…
Oil crooks, others turn abandoned ships to holding bays
The two men in the motorised wooden canoe look around warily as they leave a towering shipwreck in the Lagos lagoon, with the barrels of oil on board barely concealed…
Afreximbank Disburses £100m Global Credit Facility For Key Developments in Africa
Benedict Oramah, President Afreximbank The African Export-Import Bank (Afreximbank), has disbursed 100 million Euros revolving global credit facility to Mota-Engil Africa company to enable it implement key development projects in…
AFSH Unveils Noiler Bird Initiative, Empowers Over 300,000 Smallholder Farmers, To reach 1.2 m By 2020
Noiler Smallholder Farmers Beneficiaries in Nigeria Amo Farm Sieberer Hatchery, AFSH, is set to eradicate poverty and malnutrition in rural communities, especially among women and youths, as it officially launched…
Key into Nigeria’s Gas Commercialisation Policy For Gas Development- FG Urges IOCs
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies (IOCs) operating in Nigeria, to key into the gas commercialization policy of…