A tanker loaded with Premium Motor Spirit (PMS) has fallen into a ditch along Onitsha/Enugu expressway by Chipex Filling Station. The PMS was spilling out as at the time of filing this report at 2 pm on Thursday, October 31, 2019. This is the third of such incident in Onitsha in the past three weeks […]
Month: October 2019
National Assembly Invites 17 Oil Companies over Non-Remittance of N72bn to NDDC
The National Assembly Joint Committee on Niger Delta Affairs yesterday asked 17 oil companies to explain why they have failed to remit the mandatory three per cent of their annual budgets to the Niger Delta Development Commission (NDDC). Also, less than 24 hours after it returned from a two-week break, the Senate yesterday adjourned plenary […]
Shell Slips as Profits Plunge on Weaker Oil Prices
Royal Dutch Shell’s stock fell on Thursday as the oil major’s third-quarter profit dropped 15% due to lower oil and gas prices. The Anglo-Dutch company also warned that the timetable of its $25 billion share buyback program could be threatened by weak macroeconomic conditions and a challenging outlook. The stock slipped 3.9% in early trading. […]
Flying Doctors of Nigeria accredited by France based IAG
Flying Doctors Nigeria, West Africa’s first air ambulance service, has bagged the International Assistance Group (IAG) accreditation. IAG is a France-based international group with the world’s largest alliance of independent assistance companies and accredited providers. It has a network specialisation in the worldwide roadside, medical, travel, corporate and home assistance for business and leisure travellers, […]
Arik Air not fit for national carrier — FG
The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved N2.97 billion for fencing and perimeter road for the Port- Harcourt International Airport. Minister of Aviation, Hadi Sirika, disclosed this while briefing State House correspondents after the FEC meeting at the Presidential Villa, Abuja. “The second memorandum is for the fencing […]
MTN deactivates 600,000 subscribers
MTN Nigeria said it deactivated 600,000 active subscribers in compliance with the directive of the Nigerian Communications Commission to deactivate partially registered SIM cards. The telecommunication company recorded 61.6 million subscribers at the end of the third quarter, adding 100,000 users quarter on quarter, the Q3 unaudited financial report ended September 30, 2019, stated. In […]
Nigeria’s revenue quest could neutralise offshore investment – OPTS
The Nigerian government has fast-tracked a law that would render billions in planned offshore oil investments unprofitable and cut nearly 30% from the potential offshore output, an industry group said. The measure, which aims to add some $1.5 billion to government coffers in just two years, is the latest to target additional cash from offshore […]
No funds to register 150 million Nigerians — NIMC
The Director-General of the Nigerian Identity Management Commission (NIMC), Engr. Aziz Aliyu, told the House of Representatives on Wednesday, that the agency can register only a quarter of Nigerians for the National Identity card, because of inadequate funding by the Federal government. Nigeria is currently, about 200 million people. The DG made the disclosure at […]
Umahi sacks His Technical Assistant on social media over misinformation
Governor David Umahi of Ebonyi State on Wednesday sacked his Technical Assistant on Social Media, Mr Ndubisi Itumo, for allegedly misinforming the public. A statement signed by the Secretary to the State Government, Dr Kenneth Ugbala, said the termination was with immediate effect. “The termination is on the grounds of misconduct bordering on misinforming the […]
Police recruitment: 10,000 constables resume for training despite court order
The 10,000 constables recruited by the Nigerian Police have reported for training in the 18 police training colleges across the country. An Abuja High Court had ordered Nigerian Police and the Police Service Commission (PSC) to stay action on the recruitment exercise, pending the determination of the suit filed by PSC challenging the conduct of […]