Libya’s Coast Guard said late on Thursday it had picked up 493 migrants on six inflatable boats in six operations in a week in areas northeast and northwest of Tripoli, the capital. The migrants, including 28 women and five children, are from sub-Saharan, Arab and Asian countries. They were all moved to detention centers run […]
All is now set for the all-important international friendly between Nigeria and Brazil as Coach of the South American side Tite Friday named a 23-man Squad. The Seleção will first to confront Taranga Lions of Senegal and afterwards Super Eagles of Nigeria in Singapore. Super Eagles Coach Gernot Rohr whose lawyers are reportedly negotiating with […]
The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has signed a $876 million oil and gas deal with Cold Water Petroleum Development Company (CPDC) for the development of Oil Mining Lease (OML) 65. At the signing ceremony at the Grand Hyatt Hotel in Dubai, United Arab Emirates (UAE), […]
Nigeria’s anti-fraud office on Friday charged a former petroleum ministry official with accepting bribes and failing to follow protocol over an ill-fated gas deal that has left the government facing a disputed bill of more than $9 billion. Grace Taiga, former petroleum ministry director of legal, pleaded not guilty in a court in the capital […]
The Monetary Policy Committee of the Central Bank of Nigeria has advised the Federal Government to privatise redundant public assets as part of its efforts to shore up revenue. The CBN Governor, Mr Godwin Emefiele, at the end of the two-day MPC meeting on Friday, said the committee noted the government’s current drive to increase […]
As reactions continue to mount following the announcement by the Central Bank of Nigeria (CBN) on cashless policy, the apex bank has given more insight into the mode of operation on the policy. With fears and tension, which apparently, was as a result of misinterpretation of the CBN announcement on cashless policy, the CBN, on […]
The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan. World Bank Vice President for Africa, Hafez Ghanem, disclosed this in an interview in Abuja on Wednesday, Bloomberg reported. Nigeria received $2.4bn from the World Bank in the past year, according to Ghanem. “We are talking about a new […]
Nigeria’s central bank held its benchmark interest rate at 13.5%, its governor Godwin Emefiele said on Friday. Most analysts polled by Reuters had predicted the central bank would ease in September, though Emefiele has previously said the bank would maintain its tight monetary stance in 2019. Africa’s largest economy and top crude oil exporter emerged […]
Average price of petroleum products across the 36 states of the federation have recorded some increases in the month of August, 2019, the Nigerian Bureau of Statistic, NBS, has said. The agency, in its latest report on the prices of petroleum products, stated that average price per litre paid by consumers for household kerosene increased […]
The House of Representatives on Wednesday held a session in honour of the Chairman of Air Peace, Mr Allen Onyema, for the free air services offered by his airline to the Federal Government for the evacuation of Nigerians in South Africa. The Nigerians were evacuated from South Africa over xenophobic attacks in that country. Also, […]