By Solomon Asowata The Department for Petroleum Resources (DPR), has assured Nigerians of adequate supply of petroleum products before, during and after the Easter. Mr Paul Osu, Head, Public Affairs, DPR made this known in a statement issued on Wednesday in Lagos. The News Agency of Nigeria (NAN) reports that the Federal Government had declared […]
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Buhari puts revenue generation from NLNG at $114bn
The President, Major General Muhammadu Buhari (retd.), on Monday, said the Nigeria Liquefied Petroleum Natural Gas company has generated $114bn revenues for the country. He disclosed this at the Nigeria International Petroleum Summit 2021 Pre-Summit Conference and official inauguration of the Decade of Gas conference in Abuja, adding that the NLNG was contributing one per […]
Nigerians’ appetite for bitcoins grows despite ban
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make an online payment. But the 10 percent gain on his wallet’s balance after a few days fired up the 27-year-old’s interest. Now, the Lagos resident has more than $50,000 worth of different cryptocurrencies. “After my […]
HP launches new laptops made from recycled aluminium
By Stellamaris Ashinze HP Inc. on Monday in Lagos announced new ‘ENVY’ laptops made from recycled aluminium, designed to give people freedom to create and stay connected anywhere. Ifeyinwa Afe, Managing Director, HP Nigeria, said in a statement that the HP ENVYx360 15 and HP ENVY 17 were designed to give people the freedom to create and stay connected […]
FG, states’ debt profile rises to N32.92trn
By Folasade Akpan Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile was […]
Gas Revolution: Nigeria to fully utilize Gas Resources to uplift economy – Buhari
By Ismaila Chafe President Muhammadu Buhari says his administration will fully utilize the enormous gas resources in the country to uplift the economy and drive industrialization. The president stated this at the virtual Nigeria International Petroleum Summit (NIPS) 2021 Pre-Summit Conference and official launch of the Decade of Gas in Abuja on Monday. While setting […]
Femi Adesina says Buhari never promised to make naira equal dollar
The Presidency has said that there was not a time when the current administration promised to make one naira become equivalent to one dollar. Mr. Femi Adesina, Special Adviser to the President on Media and Publicity, said the claims suggesting that President Muhammadu Buhari made such a promise, are false. “It does not exist, it […]
Suez Canal: Ever Given container ship shifted from shoreline
The stern of a huge container ship that has been wedged across the Suez Canal for almost a week has been freed from the shoreline, officials say. The course of the 400m-long (1,300ft) Ever Given has been corrected by 80%, according to the Suez Canal Authority. It added that further efforts to move the boat […]
Buhari Meets Newly Confirmed EFCC Chairman
President Muhammadu Buhari on Thursday met with the newly confirmed Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa. They met behind closed-door at the Statehouse in Abuja. The Minister of Justice and Attorney-General of the Federation (AGF), Abubakar Malami, joined in the meeting minutes after it commenced. Though the agenda of the […]
Fela Anikulapo Kuti nominated for 2021 Rock and Roll Hall of Fame
The late afrobeat legend, Olufela Olusegun Oludotun Ransome-Kuti popularly known as Fela Anikulapo Kuti could be set for a posthumous honour after he was nominated for the 2021 Rock and Roll Hall of Fame. The late musician was nominated alongside international artistes like JAY-Z, Dionne Warwick, Foo Fighters, The Go-Go’s, Iron Maiden and Carole King, […]