Fire, Insecurity: Shell, Total declare force majeure on Bonny Light
Two oil majors, Shell Petroleum Development Company of Nigeria and Total, have declared force majeure on exports of crude on each of their trunk lines, spokespersons for the firms have…
FG declares Wednesday Public Holiday as workers demand wage implementation
The Federal Government has declared Wednesday, May 1, as public holiday to celebrate the 2019 Workers’ Day. The Minister of Interior, Lt.- Gen. (Rted) Abdulrahman Dambazau, who made the declaration…
Equities market still bearish, loses N82bn; Total leads losers
The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent. The All-Share Index shed 219.35…
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…