The Federal Airports Authority of Nigeria (FAAN), in collaboration with security agencies, have intensified effort to clampdown on touting at the Nnamdi Azikiwe International Airport (NAIA), Abuja. The Managing Director of FAAN, Mr Saleh Dunoma, who stated this in an interview with News Agency of Nigeria (NAN) in Abuja, on Friday, warned unauthorised persons to […]
Annual inflation in Nigeria fell to 11.37 percent in January, down from the seven-month high it reached in December, data showed on Friday, a day before a presidential election in which the cost of living has been an issue. The price index peaked at 18.7 percent in January last year and has been in double […]
Walter Onnoghen, suspended chief justice of Nigeria (CJN), has shown up at the Code of Conduct Tribunal sitting in Abuja. Onnoghen, who has been absent from trial for at least five consecutive times since the trial started, showed up after the CCT issued an order for his arrest on Wednesday, February 13, 2019. The embattled […]
More than 84 million Nigerians are geared up to vote on 16 February, but what do you know about Africa’s most-populous nation and largest economy? 1) Afrobeats – one of its greatest exports Nigerian musicians are touring the world and picking up awards at the forefront of the global craze for Afrobeats. This is not […]
Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors. The international benchmark for oil prices rose as high as $65.10, pushing past $65 for the first time this year. It fell back to […]
The Debt Management Office (DMO) says the Federal Government is to auction by subscription N150 billion worth of bonds on Feb. 20. DMO-debt management office The DMO said in a circular on its website on Thursday in Abuja, that the five-year re-opening bonds of N50 billion to mature in April 2023 would be offered at […]
Nigerian militants threatened on Thursday to cripple Africa’s biggest economy if President Muhammadu Buhari is re-elected in a vote due to be held on Saturday, the Niger Delta Avengers said in a statement on Thursday. The group said it hoped to change Buhari’s rule through elections and that its preferred choice for president was opposition […]
Following what it considered as a breach of the Nigeria’s local content law, which seeks to involve indigenous manpower in the operations of the oil and gas industry, members of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), may have resolved to challenge the management of Exxonmobil over its deliberate disengagement of Nigerian […]
The nation’s crude oil production including condensate fell to 1.999 million barrels per day in January from 2.081 million bpd in December, according to the Ministry of Petroleum Resources. The Organisation of Petroleum Exporting Countries, in its latest monthly oil report released on Tuesday, said Nigeria’s oil production dropped to 1.687 million bpd in January […]
The Federal Government has predicted that the nation’s Gross Domestic Product (GDP) may increase by three percent in 2019, with inflation having dropped from a high 18.7 percent in January 2017 to 11.4 percent by December 2018. President Muhammadu Buhari said this on Wednesday in Abuja at an Inter-Faith Town Hall Meeting held at the […]