More facts have emerged on the bottlenecks which nearly frustrated the evacuation of 313 Nigerians from South Africa by the Air Peace Boeing 777 aircraft on Wednesday. The flight which was scheduled for 9 am did not depart the OR Tambo International Airport until 4 pm, following various obstacles reportedly imposed by the South African […]
The chief coach of the Super Eagles, Salisu Yusuf, who was caught on camera collecting bribe in a sting operation, has completed his one-year ban, the Nigeria Football Federation has announced. The 56-year-old manager who led the Nigeria home-based team to the WAFU Cup of Nations in Ghana was filmed by Anas’ Tiger Eye PI […]
After several months of producing above the quota given by the Organisation of Petroleum Exporting Countries, Nigeria agreed on Thursday to reduce its oil output as the group strives to prevent a glut amid soaring United States’ production and a slowing global economy. The oil cartel had said on Wednesday in its Monthly Oil Market […]
By Foster Obi An ex-Army General armed with a pistol and a machete, yesterday afternoon, threatened employees of Ikeja Electric (IE), who visited his residence on Fatai Animashaun Street, Magodo, in the course of their routine duty. A statement issued by the company said that the victims who are members of the Revenue Protection Team […]
Oil prices fell Thursday after a meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies took no decision on deepening supply cuts but focused instead on bringing Nigerian and Iraqi output down to their agreed quotas. OPEC agreed thursday to trim oil output by asking over-producing members – Iraq and Nigeria to […]
An estimated 9.2 million mobile telephone lines (SIM cards) in Nigeria are not properly registered in accordance with the standard procedure. Nigerian telecommunications regulator, National Communications Commission (NCC) reportedly disclosed this in a report sent to the Communications minister, Isa Pantami.The spokesperson of the minister, Uwa Suleiman, in a statement Thursday evening in Abuja, said […]
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,633 megawatts of electricity into the national grid on Wednesday. The figure as contained in a daily energy report compiled by the Advisory Power Team, Office of the Vice President, was made available to the News Agency of Nigeria (NAN) […]
The Nigeria Employers’ Consultative Association has said the implementation of the 7.2 per cent Value Added Tax approved by the Federal Executive Council will make nonsense of the recent increase in minimum wage. VAT is a consumption tax payable on goods and services consumed by individuals, government agencies and business organisations. NECA, in a statement […]
The Federal Government has approved 5.3 billion dollars for the Ibadan-Kano standard gauge rail project, Mr Rotimi Amaechi, the Minister of Transportation said. The minister disclosed this in a statement issued on Thursday in Abuja by his media aide, Mr Israel Ibeleme after the 3rd Maritime Stakeholders Interactive Forum held in Lagos. “Yesterday, we got […]
Jack Ma, who founded Alibaba Group, the world’s biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war. Ma stepped down Tuesday as part of a succession announced a year earlier. He will stay on as a member of the Alibaba Partnership, […]