Nearly two and a half years after exiting Nigeria’s downstream oil sector, ExxonMobil is weighing the sale of some oil and gas fields in the country. The United States-based oil major recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in […]
Global growth in 2019 should be even slower than previously expected but a “precarious” rebound later this year is likely, the head of the International Monetary Fund said on Tuesday. In a speech ahead of next week’s spring meetings in Washington with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable […]
Nigeria has appointed local banks to issue 3.4 trillion naira of promissory notes that will go to settle a backlog of state obligations, the finance minister said on Wednesday. Zainab Ahmed presented a memo to cabinet on Wednesday seeking approval for the notes, which she said would help revive an economy that has faced low […]
The National Basketball Association, NBA will invest millions of dollars in Basketball Africa League, its first professional league outside of North America, and will be hands-on in its operation, a top executive said on Tuesday. The NBA, in partnership with the International Basketball Federation (FIBA), is launching the Basketball Africa League in January 2020, featuring […]
Nigeria expects to raise around 750 billion naira ($2.45 billion) from tax defaulters by the end of the first half of this year, the country’s tax chief said on Tuesday. The OPEC member, which has Africa’s largest economy, in 2017 emerged from a recession brought on by low oil prices and authorities have in the […]
The results of about 50,000 candidates who took part in the mock Unified Tertiary Matriculation Examination conducted by the Joint Admissions and Matriculation Board (JAMB) have been released on Tuesday evening. Disclosing this in a telephone interview with PREMIUM TIMES, the head of Media and Public Relations unit of the examination body, Fabian Benjamin, said […]
No fewer than 113 million people experienced high levels of food insecurity in the world’s most severe food crises in 2018, the Global Report on Food Crisis 2019 has found. The report, which was released on Wednesday in Brussels, warned that these food crises were primarily driven by conflict and climate-related disasters. One of the […]
By Foster Obi Minister of Transportation, Rotimi Chibuike Ameachi has lauded the Management of the Nigerian Ports Authority (NPA) at the establishment of an Ultra-Modern Marine and Harbour Simulation Centre at Dockyard Apapa. A press statement signed by Engr. A. A. Jatto, NPA’s General Manager, Corporate & Strategic Communications said while addressing stakeholders at the […]
By Foster Obi The Nigerian Shippers’ Council (NSC) has ordered freight forwarders operating at the nation’s seaports to ignore unauthorized policemen that are involved in illegal interception of already cargoes. The Executive Secretary and Chief Executive Officer of the Council, Mr. Hassan Bello gave the order when the Maritime Police Command led by AIG Abdul […]
Central Bank of Nigeria (CBN)’s National Collateral Registry (NCR) has generated N1.264 trillion credit to the micro, small and medium enterprises (MSMEs) and individuals in the nation’s economy within two years, its Registrar, Mohammed Mainasara, has said. The NCR, a creation of the apex bank’s Development Finance Department in collaboration with the International Finance Corporation […]