A leading Anglican cleric in the UK has told the BBC that oil exploration in Nigeria is causing an “environmental genocide”. The Archbishop of York, John Sentamu, who is leading a commission investigating the impact of multinational oil companies in Nigeria’s southern Bayelsa state, said the poor condition of facilities would not be tolerated anywhere […]
Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in a N25 billion damages suit filed against them by an indigenous company, Biatemp Ventures Ltd over alleged account manipulation. The company had sued First Bank and FIRS before a Federal High Court, Abuja, demanding N25 billion special and […]
Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it focuses on growing its U.S. shale output, banking and industry sources said. Chevron joins rivals including Exxon Mobil and Royal Dutch Shell in drive-by foreign oil companies to reduce their footprint in Africa’s largest oil […]
The Chief of Army Staff, Tukur Buratai, has approved the redeployment and appointment of five major generals and four brigadier generals to new formations nationwide. The Acting Director, Army Public Relations, Sagir Musa, in a statement on Tuesday in Abuja, said the posting was a routine exercise to reinvigorate the system for greater professional efficiency. […]
The House of Representatives has concurred with the Senate by passing a bill amending the Offshore and Inland Basin Production Sharing Contract Act 2014. In an accelerated process, the House considered the bill for second and third readings at the plenary on Tuesday. The Senate on October 15, 2019, unanimously passed the bill, when President […]
The Nigerian community in South Africa has again been thrown into mourning following the killing by unknown gunmen of one of its members who also left two others injured. Mr. Odefa Ikele, the National Spokesperson of Nigerian Union South Africa, made the disclosure to the News Agency of Nigeria (NAN) on Monday in Lagos. Ikele […]
Two safety agencies of Lagos State Government on Monday discovered five containers laden with rotten fish and other edibles in Apapa area of the state. The News Agency of Nigeria (NAN) learnt that the shocking discovery was made during a site inspection of the containers following reports of air pollution and release of toxic gas […]
The Nigerian authorities say more than 150 inmates have escaped from a prison, which partly collapsed during heavy rain. The medium-security jail is near the central city of Lokoja in Kogi state, where two rivers meet. The area is prone to flooding and there are reports that several houses have been submerged. Correspondents say Nigeria’s […]
Interbank CBN Prices of FGN Bonds in the secondary market are expected to continued their upward trend this week, amidst inflow of N413 billion into the interbank money market, even as directive of the Central Bank of Nigeria (CBN) excluding local investors from participating in secondary market treasury bills auctions, alters direction of investments in […]