Shell lifted the force majeure on exports of Nigerian crude Bonny Light on Friday following the repair and reopening of the Nembe Creek Trunkline (NCTL) by the operator, it said in a statement Saturday. Shell had declared force majeure on Bonny Light exports on May 17 following the shutdown of the NCTL by the operator […]
Paddy Kerr, Anti-Corruption Lead-United Kingdom National Crime Agency, Nigeria, has described the Digital Forensic Laboratory of the Economic and Financial Crimes Commission, EFCC, as a “Centre of Excellence” for every law enforcement agency in Nigeria. According to him, the United Kingdom government had invested £500,000 (Five Hundred Thousand Pounds) in the digital forensic capability of […]
The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement. The workers besieged the office of the oil company, protesting the sacking of workers, mainly Nigerians, on Tuesday in Lagos. The protesters accused the company of sacking the 860 Nigerian workers most […]
Nigerian President Muhammadu Buhari submitted a 228.9 billion naira ($750 million) supplementary budget for 2018 to parliament on Tuesday after a six-month delay in getting the main budget approved. In a letter accompanying the draft supplementary budget, Buhari said implementing the main 9.12 trillion naira ($29.92 billion) budget for the year “will be extremely challenging,” […]
The Nigerian government will send a plane to repatriate the 200 defrauded Nigerian citizens currently stranded in Russia. Steve Ugbah, Nigerian ambassador to Russia who made this known while addressing a news conference on Tuesday, said”“my foreign minister and I spoke yesterday. “The foreign minister spoke to President Muhammadu Buhari. He approved that these Nigerians […]
A total of 18,450 tonnes of cocoa was tendered against the ICE July London cocoa contract, exchange data showed on Tuesday. The delivery against the July contract, which expired on Monday, was mostly made up of 11,680 tonnes of cocoa from Cameroon, 2,700 tonnes from Nigeria and 2,620 tonnes from Ivory Coast. Smaller volumes of […]
The Petroleum Technology Development Fund (PTDF) has extended it scholarship programme to China, Germany and France to deepen capacity of Nigeria in the oil and gas sector. The Executive Secretary, of the fund Dr. Aliyu Gusau advised the successful candidates to uphold integrity while studying abroad. Gusau gave the advice at the induction ceremony of […]
The market indices of the Nigerian Stock Exchange (NSE) commenced trading for the week on Monday on a bearish trend, dropping by 0.34 per cent. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N46 billion or 0.34 per cent to close at N13.499 trillion compared to N13.545 trillion posted on Friday. […]
Heavy rain has damaged Russia’s newly-built World Cup Stadium at the Southern city of Volgograd on Sunday. Footage of the incident showed a fresh landslide on an embankment, which made a several-metre-deep hole near the stadium and covered a sidewalk with mud. A spokesman for the Sport In company overseeing the construction, said there were […]