An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials. Italy’s Eni and Shell bought the OPL 245 offshore field for about $1.3 billion in a deal that spawned one […]
Jose Mourinho’s Manchester United left Anfield Sunday empty-handed, after they lost 1-3 the scintillating and intense match against league leaders Liverpool. Super substitute Xherdan Shaqiri was the star as he punished United with two goals within seven minutes, the first on the 73rd minute, just three minutes after replacing Naby Keita. Seven minutes after, he […]
The consumption of Liquefied Petroleum Gas, popularly known as cooking gas, in Nigeria, increased by 600 per cent in the past two years, the Federal Government announced on Thursday. In his address in Abuja, the Minister of State for Petroleum Resources, Ibe Kachikwu, said that the Nigerian Gas Policy had helped in growing the country’s […]
NIGERIA indebtedness to International Oil Companies (IOCs) stood at $5.1 billion, the Nigerian National Petroleum Corporation (NNPC) told the Senate yesterday. The $5.1 billion, according to the Corporation, was accumulated from the Joint Venture Cash Call (JVC) business arrangement the country has with IOCs on oil exploration. But the NNPC denied allegation of mismanagement of […]
The Board of the African Development Bank (AfDB) has approved $7.24 billion for institution’s 2019 borrowing programme to be raised from the capital markets. The Bank’s Treasurer, Hassatou N’Sele, said the continental bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances […]
Management of Access Bank (Ghana) Plc has announced the appointment of Mr. Olumide Olatunji as its new Managing Director, effective December 5, 2018. He replaces Mr. Ifeanyi Njoku, who has now taken up a new role within the Access Bank Group to support the Bank’s expansion drive in line with its new five-year strategic growth […]
Total number of ac tive voice subscriptions in Nigeria telecom services sector has reached an impressive 169 million, the Nigerian Communications Commission, NCC, has stated. Executive Vice Chairman of the Commission, Prof. Umar Danbatta, gave the figure at a breakfast meeting with editors and Bureau Chiefs of media houses, in Abuja, yesterday. He also said […]
Some Nigerian women marched peacefully Saturday against sexual harassment in markets, drawing attention to unspoken incidents of bullying, groping and name calling of their gender by menfolk. The march in Lagos took off from Ojuelegba and streamed to Yaba, where demonstrators to their surprise were still confronted, despite police presence, with the same abuse by […]
Multilateral agencies, comprising ActionAid International, OXFAM, TrustAfrica, Comprehensive Africa Agriculture Development Programme (CAADP) Non-State Actors Coalition (CNC) and the Economic Community of West African States (ECOWAS) have facilitated an interactive session with the ECOWAS Parliament in Abuja, Nigeria. The interactive session, which held on December 13, 2018, was part of the engagement activities during the […]
Activities closed for the week on the Nigerian Stock Exchange (NSE) on a positive trend following gains recorded by some highly capitalised stocks after two consecutive days’ losses. Specifically, Seplat led the gainers’ table, gaining N54 to close at N594 per share. It was followed by Nigerian Breweries with N3.50 to close at N79.50, while […]