The United Nations (UN) General Assembly today in New York elected Nigerian Professor, Tijjani Muhammad-Bande as the President of the 74th Session of the Assembly. Mr Muhammad-Bande, who has had an outstanding career as a scholar and diplomat, has a B.Sc (Political Science) from the Ahmadu Bello University, MA (Political Science), Boston University and Ph.D […]
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National Broadband Conference rescheduled
The maiden National Broadband Conference earlier scheduled to hold on Thursday, June 6, 2019 at the Muson Centre, Onikan Lagos, has been postponed, the organisers said in a statement. The statement issued in Lagos by the organisers, News Express Media Group, said that the postponement became inevitable “in a bid to ensure an optimally successful […]
Nigeria imports 47% of LPG from US, India, others
Nearly half of the Liquefied Petroleum Gas, also known as cooking gas, consumed in the country in the first three months of the year was imported from India and five other countries. The country, which is home to the largest natural gas reserves in Africa and the ninth largest in the world, has continued to […]
Nigeria Still Vulnerable to Oil Price Shocks – Report
Nigeria will be in a vulnerable position if oil prices fall again and further borrowing becomes too expensive or no longer feasible, a report has warned. Andrew Roche, sovereign debt expert at Finexem, an advisory group based in London and Paris, which specialises in strategic advice and financial engineering for projects and transactions in the […]
UK seizes N82 billion from late Nigerian dictator Abacha’s account
The United Kingdom Government has seized £211,000,000, about N81.9billion, from a Jersey bank account that belonged to the late Nigerian dictator, Sani Abacha. Mr Abacha died on June 8, 1998, after more than five years in office as Nigerian military head of state. According to a report by UK Metro news medium, the money was […]
Shell raises capex, cash flow targets in new outlook to 2025
Shell announced higher, longer-term capital spending and cash flow targets for the coming years Tuesday, as the oil major looks to underpin growth by further developing its gas-rich upstream portfolio and emerging power sector business. Updating its strategy, Shell said it plans to invest, on average, $30 billion of cash capex a year over 2021-2025, […]
Kano commission accuses Emir Sanusi of N3.4bn fraud, recommends his suspension
A few weeks after his domain was split into bits, the Emir of Kano, Lamido Sanusi, has been accused of fraud. In what many consider the political persecution of the emir by the Kano governor, Umar Ganduje, the Kano emirate was recently split into five by the state government, each with its own emir. Now, […]
Nigeria’s fuel subsidy not helping the poor — World Bank
The Vice President for Sustainable Development, World Bank, Laura Tuck, has warned Nigeria and other countries paying subsidies on fossil fuels to desist from it as such practice was not in favour of the poor. Tuck made this known at the ongoing World Circular Economic Forum in Helsinki, Finland while addressing the theme ‘Scale it […]
Rejection of Maritime University bill will amount to violence – RNDA
The Reformed Niger Delta Avengers in conjunction with nine other militant groups in the Niger Delta Region on Monday rejected in its entirety the refusal of President Muhammadu Buhari to sign the bill establishing the Nigeria Maritime University Okerenkoko into law adding its refusal will surely amount to other violent activities in the creeks of […]
Sanwo-Olu signs N873.532 billion 2019 budget into law
Lagos State Governor, Mr. Babajide Sanwo-Olu on Monday signed the state 2019 Appropriation Bill and three other bills into law. The new Capital Expenditure stands at N479.691 billion while Recurrent Expenditure is N393.841 billion, which ratio 55-45 per cent. The signing of the Appropriation bill into law ends many months of controversies between the executive […]