The Federal Government said on Monday that motorists using the Berger end of the Lagos-Ibadan Expressway would get some relief during Sallah break and the forthcoming convention of the Redeemed Christian Church of God as the contractor, Julius Berger Nigeria, would relax the blockade. This followed critical reactions from road users to the planned partial […]
Exxon Mobil Corp’s plan to accelerate asset sales, a way of delivering needed cash to finance shareholder returns and major projects, is getting off to a slow start as oil companies pull back on big deals. On Friday, the largest U.S. oil company is expected to report a 79-cents-a-share profit, down from 92 cents a […]
Ijaw youths have made good their threat to shut down masts belonging to MTN, Glo, Airtel and other telecommunication companies in Bayelsa State. The picketing was following issues bordering on complaints by the youths that the companies excluded indigenes from quick-win contracts especially the supply of diesel to their facilities. Nation More to follow… […]
A piece of equipment that will process crude oil for Nigeria’s Dangote refinery set sail on Monday from China, oil company Sinopec said in a tweet. The 650,000 barrel per day (bpd) refinery near Lagos is set to be Africa’s largest, and could transform the country from a fuels importer to a net exporter. “On […]
The Nigeria Labour Congress (NLC) says there will be an industrial crisis if President Muhammadu Buhari returns Chris Ngige as minister of labour and productivity. Peter Ozo-Eson, NLC secretary, called on the federal government to give Ngige a new portfolio in the next cabinet. Ngige is one of the 43 ministerial nominees undergoing screening by […]
The pensioners of the Federal Airports Authority of Nigeria (FAAN) have given the management of the agency 14 days to address the withdrawal of some of their benefits or face industrial unrest. The pensioners, under the aegis of Nigeria Union of Pensioners, alleged that the new management stopped the emoluments which they had enjoyed for […]
Oil futures traded mixed early Monday as crude investors weighed the health of the global economy and its impact on energy uptake. The planned resumption of trade talks between the U.S. and China, the world’s largest economies, also was in focus but commodity investors appeared doubtful that a near-term resolution could be achieved, which would […]
The African preliminary qualifying round draw for the 2022 World Cup was made in Cairo Monday: Ethiopia v Lesotho Somalia v Zimbabwe Eritrea v Namibia Burundi v Tanzania Djibouti v eSwatini (formerly Swaziland) Botswana v Malawi Gambia v Angola Liberia v Sierra Leone Mauritius v Mozambique Sao Tome e Principe v Guinea-Bissau South Sudan v […]
Nigeria is backing its commitment to join Africa’s recently agreed free trade zone by setting up a committee to implement the agreement, and promising new laws where necessary to enact membership of the pact, the presidency said on Sunday. The African Continental Free Trade Agreement (AfCFTA), launched by African leaders on July 7, will if […]
Only two states were able to raise their Internally Generated Revenue above the amount distributed to them by the Federation Account Allocation Committee last year, investigations by our correspondent revealed. An analysis of the revenue profile of the three tiers of government showed that a total of 34 states and the Federal Capital Territory could […]