OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledge reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey found. On average, the 14-member Organization of the Petroleum Exporting Countries pumped 29.50 million barrels per day (bpd) last month, according to […]
Nigerian President Muhammadu Buhari is due to complete his second and final four-year term in 2023 and the battle over who will succeed him is already heating up, placing further pressure on an already strained economy. Buhari has thus far shied away from endorsing his deputy, Yemi Osinbajo, for the position, twice slighting him by […]
The police and army have reportedly refused to carry out joint patrols with “Operation Amotekun”, the security outfit that governors of south-west states put together to tackle crime in the region. According to PUNCH, lack of proper training was one of the reasons the security agencies cited for the unwillingness to move along with the […]
The Nigerian Electricity Regulatory Commission has said the electricity tariffs being paid by consumers will increase in April this year. NERC disclosed this in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. It said the order was issued to reflect the impact of changes in […]
By Foster Obi Federal Airports Authority of Nigeria (FAAN) has said that after careful evaluation and mitigation of the impact of the bush fire earlier reported around the Port Harcourt International Airport and the dissipation of smokes around the airside, the airport has now been re-opened to operations. A statement signed by Henrietta Yakubu, General […]
Despite the objections raised by the Senate and reservations expressed by some Nigerians about its visa-on-arrival policy for Africans, the Federal Government has commenced the implementation of the new visa regime. Sunday PUNCH findings revealed that the visa-on-arrival policy commenced on January 1, as planned. Also, the Nigeria Immigration Service has deployed a new border […]
The power supply has dropped from 3,993.65 megawatts, MW, to 3,608 MW, indicating a drop of 385.65 MW, because of many challenges, including inadequate gas, poor transmission infrastructure and limited distribution facilities. In its latest report obtained by Vanguard from the office of Vice President Yemi Osinbajo, stated: “On January 2, 2020, average energy sent […]
Governor David Nweze Umahi of Ebonyi State has directed the State Accountant-General and all the local government chairmen in the state to seek overdraft and ensure the payment of the new minimum wage to civil servants by January 10, 2020. A statement issued, on Friday, by the Governor’s Special Assistant on Media, Francis Nwaeze, said […]
The Federal Government, yesterday, began demolition of illegal fences under some bridges in Lagos. The demolition exercise began with a fence of about 250 metres built under the descent of the Apongbon Bridge on the CMS-bound carriageway on Lagos Island. The fence, which was still under construction, had been raised by seven to eight coaches […]