Category Archives: Slider

Oshiomhole on defections: we are “not perturbed by their move.”

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The Chairman of Nigeria’s governing party, All Progressives Congress, APC, Adams Oshiomhole says the defection of party members will not affect the fortunes of the APC in 2019 general election. He insists that he is “not perturbed by their move.” Fifteen Senators and thirty three members of the House of Representatives elected on the platform of […]

FG plans construct of 150,000 b/d refinery in Katsina

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Nigeria is to construct a 150,000 barrels per day capacity refinery in Katsina State. Minister of State-Petroleum resources, Dr Ibe Kachikwu disclosed this in an interview with Journalists soon after the signing of the Memorandum Of Understanding between Nigeria and Niger Republic on Tuesday at the Presidential Villa, Abuja. “We are constructing a refinery from Niger Republic […]

NNPC: Kaduna, Port Harcourt refineries dormant

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The latest operational performance of the nation’s refineries as released by the Nigerian National Petroleum Corporation shows that two of the plants in Kaduna and Port Harcourt have been dormant. According to the NNPC, while the two refineries cannot refine any crude oil, the one in Warri is performing better, as its capacity utilisation has […]

Nigerian Air to make profit after 3 years, needs $300m for takeoff

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The new Nigeria national airline, Nigeria Air, will need $308.8 million dollars as preliminary and take-off cost. This is just as the airline will receive the first set of 5 airplanes on 19 December 2018. This disclosure was made by an insider, Mr Dapo Williams in London where the new national carrier’s (Nigeria Air) name […]

Stock brokers to support SEC on capital market studies

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The Chartered Institute of Stock Brokers (CIS) has pledged to support the Securities and Exchange Commission (SEC) to infuse capital market studies into the curriculum of schools in the country. The Acting Director -General of SEC, Ms Mary Uduk, said this in a statement issued by the Acting Head of Media of the commission, Mrs […]

Information Minister says Amnesty’s human rights report on Nigeria lie

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2016 Budget Will Lift Millions of Nigerians Out of Poverty - Lai Mohammed

Nigeria’s Minister of Information and Culture, Mr. Lai Mohammed, has said Amnesty International’s human rights verdict on Nigerian government is not true. He also submitted that the protection of human rights is a cardinal objective of the Buhari Administration, and that the violation of rights is not and cannot be a government policy. Addressing a […]

Germany says committed 45.6million Euros to Nigeria’ development programmes

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The German government through the German International Co-operation (GIZ), says it has committed 45.6 million Euros to support development programmes in Nigeria in the past three years. The sum was obtained from the “Aid Information Management System’’ website, a Development Assistance Database of the Ministry of Budget and National Planning in Abuja. The figure reveals […]

Nigeria, others to spend $105bn on oil, gas decommissioning

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Nigeria and other oil-producing countries across the world will expend about $105bn on decommissioning in the next 10 years. According to a recent report released by Wood Mackenzie otherwise called WoodMac, between 2018 and 2022, nothing less than $32 billion would be spent on decommissioning around the world. While UK, the US and Norway, were […]

Debt Management Office lists N10.69bn Sovereign Green Bond

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The Debt Management Office, DMO, on Friday, listed on the Nigerian Stock Exchange, the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48 per cent.  The event was headlined by the Director General, DMO, Mrs. Patience Oniha, the Honourable Minister of State for Environment;  Hon. Ibrahim Usman Jibril, and United Nations Deputy Secretary […]

Modern farming, key to food sufficiency, says Lokpobiri

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The only way Nigeria can attain self-sufficiency in food production is for  farmers to embrace modern farming,  Minister of State, Federal Ministry of Agriculture, Senator Heineken Lokpobiri has said. The minister regretted that the gap in domestic food production have existed in Nigeria for many years because, it depended on rural farmers and their rural […]