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TENSION IN OGONI AS ROYAL FATHERS BATTLE MOSOP OVER RESUME OIL EXPLORATION

Tension is brewing in Ogoni ethnic nationality of Rivers State following the insistence by Movement for the Survival of Ogoni People, MOSOP, that the people of Ogoni have not endorsed… Read more »

OIL AND GAS WILL PROVIDE HALF WORLD’S ENERGY NEEDS IN 2040, WHILE DEMAND WILL INCREASE BY 35%,

  The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and gas together are still expected to provide more than half of the… Read more »

US SHALE OIL PRODUCTION WONT AFFECT PLANS FOR OIL STABILITY – OPEC CHIEF

Suhail Al Mazrouei, president of the Organisation of Petroleum Exporting Countries (OPEC), says increased US shale oil production will not significantly distort plans for oil market stability. Speaking to Bloomberg in Dubai,… Read more »

UK TO ACCEPT NAIRA PAYMENTS FROM NIGERIAN BUSINESS OWNERS

The British government, through its export credit agency, UK Export Finance (UKEF), says it will now accept naira payments from Nigerian business owners who make procurement in the UK.  … Read more »

IPMAN TO SET UP $3BN REFINERIES IN KOGI AND BAYELSA STATES

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refinery in two states in the federation.   The National… Read more »

HOW BANK WORKER, SYNDICATE USE STOLEN SIM CARDS TO STEAL MILLIONS FROM CUSTOMERS ACCOUNT

Details have emerged of how an employee of a bank, one Christian Amechi, allegedly helped fraudsters to steal millions of naira from customers using a string of impersonators.   The… Read more »

BOKO HARAM: UN ALARM OVER INTENSIFIED ATTACKS, USE OF CHILDREN AS SUICIDE BOMBERS

Mr. Mohamed Ibn Chambas, Special Representative of the Secretary-General and Head of the United Nations Office for West Africa and the Sahel (UNOWAS), presented on 11 January to the Security… Read more »

MALAMI MEMO: A PLOY TO STOP TAKE OFF OF MARITIME UNIVERSITY, INSTIGATE MAYHEM IN DELTA STATE – IJAW YOUTHS

Justice Abubakar Malami Memo:  The Attorney-General of the Federation, AGF, Justice Abubakar Malami has advised the National Assembly not to change the name of Maritime University, Okerenghigho to Okerenkoko, Delta… Read more »

FG UNDECIDED ON PETROL PRICE

It seems the Federal Government is yet to decide on whether or not price of Premium Motor Spirit (PMS), popularly called petrol should be increased despite statement attributed to President… Read more »

CONTROL-RISK GROUP IDENTIFIES 2019 POLITICAL UNCERTAINTY AS KEY RISKS FOR BUSINESSES OPERATING IN NIGERIA

As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going… Read more »