Nigeria has rolled over its crude for oil products contracts by six months until the end of the year, the head of the country’s NNPC Oil Company told Reuters on Thursday. “We have rolled it over until the end of December,” Maikanti Baru said on the sidelines of the OPEC seminar in Vienna. The contracts, […]
President Muhammadu Buhari told a shocked nation today how the National Assembly mutilated and rewrote the budget proposals for 2018 as proposed by the Executive last November. In a brazen usurpation of executive powers, the National Assembly slashed 347 billion Naira in the allocations to 4,700 projects submitted to it for consideration and introduced 6,403 […]
The Governing Council of Obafemi Awolowo University (OAU), Ile-Ife, has dismissed Prof. Richard Akindele who was allegedly involved in a sex-for-marks scandal. Prof. Eyitope Ogunbodede, the Vice Chancellor of OAU, announced Akindele’s dismissal in a statement on Wednesday in Ile-Ife. The News Agency of Nigeria (NAN) reports that the vice chancellor of the university had […]
For OPEC, over-compliance with its supply-cutting deal is a nice problem to have. Once known for rampant cheating on agreed oil output targets, the Organization of the Petroleum Exporting Countries has been over-delivering on a pact in place since January 2017, cutting around one and a half times the promised amount. The Organization of the […]
Asylum seekers from Morocco, Nigeria, China and elsewhere have tried to enter Europe illegally from Russia using World Cup fan identity documents, police told Reuters on Wednesday. They entered Russia using World Cup tickets and fan identity cards, which Moscow accepts instead of visas during the tournament. Then they headed for the border with Finland […]
Kansas Attorney General Derek Schmidt on a Kansas judge tossing out the state’s voter ID law and how the state helped consumers who were taken advantage of by the ‘Nigerian prince’ scam. After 10 years, a Kansas resident who took part in a Nigerian prince scam is getting $110,000 back, thanks to the Kansas Attorney […]
Peak summer demand could drain global oil inventories to critical levels if the OPEC/non-OPEC coalition leaves its production cut agreement in place, Russian energy minister Alexander Novak said Tuesday. That would leave producers unable to respond to any disruptions and lead to a price spike, he said in Minsk ahead of OPEC/non-OPEC meetings scheduled later […]
Staff of National Emergency Management Agency (NEMA) on Tuesday staged a peaceful protest at its headquarters over poor condition of service and redundancy. Mr Justin Uwazuruonye, the Chairman of Association of Senior Civil Servant of Nigeria (ASCSN), NEMA Unit, who spoke on behalf of the staff in Abuja, appealed to the Federal Government to investigate […]
The oil ministers of the OPEC cartel were gathering Tuesday to discuss this week whether to increase production of crude and help limit a rise in global energy prices. The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russia, a non-OPEC country that since late 2016 […]
By Foster Obi The Federal Airports Authority of Nigeria (FAAN) has beefed up security and surveillance at the major airports in the country following a recent report that terrorists were sneaking into Nigeria from Syria. The General Manager, Corporate Affairs, Mrs Henrietta Yakubu, told the News Agency of Nigeria (NAN) in Lagos on Tuesday that […]