The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has rejected the proposed plan by the House of Representatives to amend the Nigerian Liquefied Natural Gas, NLNG, Act, describing the proposed amendment as unnecessary and detrimental to Nigeria. At its National Executive Committee, NEC, meeting in Abuja, PENGASSAN said: “The amendment could cause […]
The Central Bank of Nigeria (CBN) has clarified issues relating to conflicting Foreign Exchange rate figures as reported in the media. In a statement issued in Abuja on Sunday, CBN Ag. Director, Corporate Communications, Isaac Okorafor, said: “Following media reports alleging irregularities in the rates at which foreign exchange was obtained by some individuals and […]
Transport Minister Rotimi Amaechi has given his side of the story on how two Bell helicopters imported by the Rivers State government ended up being seized by the Customs Service and handed over to the Nigerian Air Force. Amaechi was the governor of the state when the helicopters were ordered. A twist occurred when they […]
Some financial experts have warned that the postponement of the listing of MTN shares on the Nigerian Stock Exchange (NSE) will slow down the listing of other multinationals being wooed by the bourse. They told the News Agency of Nigeria (NAN) in Lagos that the Federal Government must do everything possible within its powers to […]
The Federal Medical Centre (FMC), Keffi, has called for an independent professional investigation to unravel the truth behind allegation of stolen kidney at the hospital. The Medical Director of the centre, Dr Giyan Joshua-Ndom, told the News Agency of Nigeria (NAN) on Sunday in Keffi that the inquiry would ascertain the truth behind an allegation […]
The CEO of top Nigerian lender, Fidelity Bank, Mr. Nnamdi Okonkwo, was last week presented with the 8 awards won by the Bank’s ‘Tough Job’ campaign at the recently concluded 2016 Lagos Advertising and Ideas Festival (LAIF). Tough Job won Silver for Radio, another Silver for Film, a Bronze for Best Use of Production Design […]
The Gambia’s ex-ruler, Yahya Jammeh, plundered the state coffers in his final weeks in power, stealing millions of dollars and shipping out luxury vehicles by cargo plane, according to an aide to new president Adama Barrow. Jammeh, who ruled the small West African country for 22 years, flew into exile late on Saturday to Equatorial […]
Ten weeks after SABMiller shareholders gave the go-ahead for the third-largest merger in corporate history, Anheuser Busch InBev (AB InBev) sent out a voluntary severance offer to more than 1,000 of its management employees in SA. This is the first time in recent history that South African Breweries has undertaken a retrenchment exercise on any […]
Kenya has started a digital skills training program to enable 1 million young people to secure freelance online work in the next year, in a bid to tackle the country’s acute youth unemployment problem. Kenya has the highest rate of youth joblessness in East Africa, the World Bank said, with 17 percent of all young […]
Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track, as they met to review progress. “Compliance is great, it’s been really fantastic,” Khaled al-Falih, energy minister of oil behemoth Saudi Arabia, was quoted by Bloomberg as saying. “Based on everything I know, […]