Sierra Leone has been disqualified from the 2019 African Cup of Nations qualifying competition, the Confederation of African Football said on Monday. Football’s world governing body FIFA had suspended the Sierra Leone Football Association in October due to “government interference”. CAF’s decision means Kenya and Ghana are assured of first and second place in Sierra […]
A few days after a new report by oil industry watchdog emerged that Nigeria stands to lose $4.5 billion in the controversial $1.1 billion allegedly given to owners of Malabu Oil Company, the Economic and Financial Crimes Commission has vowed that those involved would be punished. Magu Magu recalls day armed men strangled his guard […]
The Nigerian Navy at the weekend intensified the destruction of illegal refineries in the Niger Delta, with the activation of a fresh onslaught, codenamed operation ‘Ex Toru-Gbown (waterways protection)’ in the region. During the exercise which had been on for four days, at least a hundred finished illegal refineries were destroyed, while several new ones […]
It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of Nigeria (CBN), as it is now declared economic sabotage. For the apex bank, beside the immediate prosecution, […]
As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Nigerian National Petroleum Corporation (NNPC) is targeting 10 per cent market share of the global Liquefied Natural Gas (LNG) market. Group Managing Director of the NNPC, Dr Maikanti Baru, expressed the Corporation’s commitment at the opening ceremony of […]
Oil marketers on Sunday in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country. The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), said failure to meet […]
Nigeria was on Saturday crowned winners of the African Women Cup of Nations, AWCON, played in Accra, Ghana. The game pitted the then eight-time champions: Super Falcons of Nigeria against the ambitious and ever confident Banyana Banyana of South Africa. At the end of proceedings, Nigeria proved superior at the spot kicks beating their opponents […]
The Petroleum Technology Development Fund (PTDF) says application process is open for qualified Nigerians to apply for its 2019/20 overseas scholarship scheme for Msc and PhD studies. The Fund made the announcement in a statement signed by Mr kalu Otisi, Head, Press and External Affairs, in Abuja. “Qualified Nigerian youths desirous of acquiring advanced degrees […]
Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalisation at […]
By Foster Obi The Nigeria Shippers’ Council (NSC) said its 2018 Stakeholders appreciation night will be held December 6th at Lagos Continental Hotel, Victoria Island, Lagos at 5pm. The event is expected to be chaired by Eng. Mansur Ahmed, President Manufacturers Association of Nigeria (MAN). According NSC, the annual event is aimed at reviewing activities […]