The Joint Admissions and Matriculation Board (JAMB) says it has not published the national and general minimum cut-off marks for placement of candidates into the nation’s tertiary institutions as being speculated in some quarters. The board’s Head, Media and Information, Dr Fabian Benjamin, disclosed this in an interview with the News Agency of Nigeria (NAN), […]
Month: June 2019
Non-disbursement of CVFF threatens shipping development, Group Warns
A foremost maritime capacity building organization in Nigeria, Zoe Maritime Resources Limited, have advised the Federal government to exercise its political powers and quickly disburse the Cabotage Vessel Financial Fund, CVFF, that was created by the Coastal and Inland Shipping Cabotage Act (2003), to prevent it from posing a threat to shipping in Nigeria. According […]
UN general assembly elects Nigerian as president
The United Nations (UN) General Assembly today in New York elected Nigerian Professor, Tijjani Muhammad-Bande as the President of the 74th Session of the Assembly. Mr Muhammad-Bande, who has had an outstanding career as a scholar and diplomat, has a B.Sc (Political Science) from the Ahmadu Bello University, MA (Political Science), Boston University and Ph.D […]
National Broadband Conference rescheduled
The maiden National Broadband Conference earlier scheduled to hold on Thursday, June 6, 2019 at the Muson Centre, Onikan Lagos, has been postponed, the organisers said in a statement. The statement issued in Lagos by the organisers, News Express Media Group, said that the postponement became inevitable “in a bid to ensure an optimally successful […]
Nigeria imports 47% of LPG from US, India, others
Nearly half of the Liquefied Petroleum Gas, also known as cooking gas, consumed in the country in the first three months of the year was imported from India and five other countries. The country, which is home to the largest natural gas reserves in Africa and the ninth largest in the world, has continued to […]
Nigeria Still Vulnerable to Oil Price Shocks – Report
Nigeria will be in a vulnerable position if oil prices fall again and further borrowing becomes too expensive or no longer feasible, a report has warned. Andrew Roche, sovereign debt expert at Finexem, an advisory group based in London and Paris, which specialises in strategic advice and financial engineering for projects and transactions in the […]
UK seizes N82 billion from late Nigerian dictator Abacha’s account
The United Kingdom Government has seized £211,000,000, about N81.9billion, from a Jersey bank account that belonged to the late Nigerian dictator, Sani Abacha. Mr Abacha died on June 8, 1998, after more than five years in office as Nigerian military head of state. According to a report by UK Metro news medium, the money was […]
Shell raises capex, cash flow targets in new outlook to 2025
Shell announced higher, longer-term capital spending and cash flow targets for the coming years Tuesday, as the oil major looks to underpin growth by further developing its gas-rich upstream portfolio and emerging power sector business. Updating its strategy, Shell said it plans to invest, on average, $30 billion of cash capex a year over 2021-2025, […]
Kano commission accuses Emir Sanusi of N3.4bn fraud, recommends his suspension
A few weeks after his domain was split into bits, the Emir of Kano, Lamido Sanusi, has been accused of fraud. In what many consider the political persecution of the emir by the Kano governor, Umar Ganduje, the Kano emirate was recently split into five by the state government, each with its own emir. Now, […]
Nigeria’s fuel subsidy not helping the poor — World Bank
The Vice President for Sustainable Development, World Bank, Laura Tuck, has warned Nigeria and other countries paying subsidies on fossil fuels to desist from it as such practice was not in favour of the poor. Tuck made this known at the ongoing World Circular Economic Forum in Helsinki, Finland while addressing the theme ‘Scale it […]