The Maritime Workers Union of Nigeria has issued a 21-day ultimatum to the management of Chevron Nigeria Limited to address the union’s demand for the unionisation of the employees of its service providers. MWUN, in a letter addressed to the Managing Director of the company, expressed disappointment that since 2016 after the union held a […]
Author: Isaac Umunna
BBNaija to hold an online audition for 2019 edition
Multichoice, a video entertainment and internet company, says it will hold an online audition for the 2019 edition of the Big Brother Naija reality TV show. According to a statement on the official website for the TV show, the online audition was introduced to cater to individuals who couldn’t make it for the physical audition […]
OPEC daily basket price stood at US$65.97 a barrel Wednesday
The price of OPEC basket of fourteen crudes stood at US$65.97 a barrel on Wednesday, 21st February, compared with US$65.79 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and heavy crudes, including the UAE’s Murban. Emirates News Agency Pix: OPEC […]
Nigeria demands $20bn from oil companies in tax, royalty arrears
The Federal Government, in its continued clampdown on tax defaulters to shore up its revenue, has demanded a number of foreign oil companies operating in the country to pay almost $20 billion in taxes owed to states, industries and government. A report by Reuters on Thursday indicated that a letter sent to the companies earlier […]
Pirates swoop on ships, crew sailing on Nigerian waters
Nigeria recorded 31 incidents of pirate and armed robbery attacks against ships in a space of six months, the highest, according to the International Maritime Bureau, that reported that Nigeria was followed only by Indonesia with 25 incidents of piracy attacks. Other African countries recorded one attack each, except for Ghana, Republic of Benin, which […]
US Closes Lagos, Abuja Embassy for Nigeria’s Rescheduled Elections
The embassy of the United States of America, both in Abuja and Lagos, would be closed on Friday, February 22, 2019. This was contained in a statement published by the embassy on its website, on Thursday. The closure is in compliance with the public holiday given by the Nigerian government to enable eligible voters to […]
Single currency for ECOWAS Underway
Central banks of members of the Economic Community of West African States (ECOWAS) are meeting to take stock of the progress made so far on a single currency for the region by 2020. The 53rd meeting of the Committee of Governors of Central Banks opened on Thursday in Dakar. The meeting is organized by the […]
Oil prices fall as U.S. crude output hits 12m bpd
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were at 66.87 dollars per barrel at 0326 GMT, down 20 cents, or 0.3 […]
$55 million alleged non-remittance: Agip knows fate April 20
A federal court in Lagos has fixed April 20 for judgment in the suit filed by the Nigerian government seeking to recover $110 million from the Nigeria Agip Oil Company Limited. Mojisola Olatoregun, the judge, adjourned for judgment on Thursday after parties in the suit adopted their final written addresses. The Nigerian government is accusing […]
Micro finance bank Boss, Akinteye sentenced 4-years for $166m fraud
Justice Mojisola Olatoregun of a Federal High Court, Lagos, Thursday, sentenced a former Managing Director of the defunct Integrated Microfinance Bank Ltd, Simon Akinteye to four years in prison, over 166.9 million dollars fraud. The court sentenced the convict to four years concurrent term of imprisonment on the nine count charge preferred against him by […]
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