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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says CPPE

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Hackers breach North Korean spy group’s computer

Italy okays extradition of Chinese hacker wanted by US

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Dangote urges govt, private sector partnership to eliminate malaria

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Oil Theft: Nigeria loses $150m every two days
Oil and Gas

Nigeria lost N604.64bn to oil theft in eight months – FG

The Nigeria Upstream and Downstream Petroleum Regulatory Commission’s monthly report has revealed that the nation lost about 13.21 million barrels of crude oil with an estimated worth of N603.64bn between January and August this year to theft. According to The PUNCH, figures contained in the reports, obtained from the Nigeria Upstream and Downstream Petroleum Regulatory […]

Dangote group moves to curb illegal haulage
News

Dangote driver jailed over unauthorised haulage

Dangote Group said one of its drivers was arrested, arraigned and jailed in Nassarawa State Correctional Centre over illegal haulage of timber. According to the Punch, this was disclosed in a statement by the Group Chief Branding and Communications Officer, Mr Anthony Chiejina. The driver and the truck, according to the statement were arrested in […]

Two arrested as Edo police bust illegal refinery
Oil and Gas

Two arrested as Edo police bust illegal refinery

No fewer than two suspects have been arrested as operatives of the Nigeria Police Force busted an illegal petroleum refinery in Edo State. In a statement signed by the Force Public Relations Officer, CSP Olumuyiwa Adejobi, the police recovered three empty trucks and 31 tanks, seven of which were loaded with petroleum products. It read, […]

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Oil Theft: Nigeria loses $150m every two days
Oil and Gas

Oil theft: PENGASSAN doubts FG’s will to fight

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo said the federal government is not showing the will to combat crude oil theft. Osifa who appeared on Channels TV said PENGASSAN’s resort to embark on 30 days strike was due to the aforementioned. AM Business reported that PENGASSAN members on […]

Naira redesign: CBN has my approval, Buhari clarifies
Aviation

Buhari okays Gombe airport takeover

Gombe State Governor, Muhammad Yahaya, said the President, Major General Muhammadu Buhari (retd.), has approved the “takeover” of the state airport. According to The Punch, Yahaya on Friday disclosed this to State House Correspondents shortly after an audience with the President at the Aso Rock Villa. Yahaya noted that the move would ensure the availability […]

Nigeria may lose N1.7trn as PENGASSAN mulls 30 days shutdown
Oil and Gas

Nigeria may lose N1.7trn as PENGASSAN mulls 30 days shutdown

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria threatened to shut down oil production in Nigeria for 30 days. According to The Punch, protesting PENGASSAN members made the threat on Thursday, saying if Federal Government fails to curb the lingering massive oil theft in the Niger Delta region. Members of the […]

Beer-drinking at Qatar 2022 'business as usual' - Top organiser
News

Beer-drinking at Qatar 2022 ‘business as usual’ – Top organiser

Beer-drinking will be “business as usual” at the Qatar World Cup, the tournament’s chief insisted Thursday, despite severely restricted alcohol sales in the Muslim Gulf state. Speaking 73 days from the first World Cup kicks off in an Arab nation, chief executive Nasser al-Khater said there was a “misconception” about alcohol sales, calling it one […]

Oil theft: PENGASSAN finger military, others
Oil and Gas

How FG can stop oil theft – EX-PENGASSAN boss

A former President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Comrade Peter Esele, has advised the federal government on how it can stop the challenge of oil theft in Nigeria. According to Vanguard, Esele who is a former president of the Trade Union Congress enjoined the federal government to adopting a […]

Pay hazard allowance in two months, NMA urges FG
News

Pay hazard allowance in two months, NMA urges FG

The Nigeria Medical Association gave the Federal Government two months to pay for the newly approved hazard allowance to its members. According to the News Agency of Nigeria, this was contained in a communique issued at the end of the association’s August National Executive Council meeting on Sunday in Gombe. The communique was signed by […]

Trariff hike: Produce financial report, tribunal orders Multichoice
News

Trariff hike: Produce financial report, tribunal orders Multichoice

An Abuja court on Tuesday ordered John Ugbe, the Managing Director of MultiChoice, the operator of Gotv and DStv, to produce its 2021 audited financial report on September 8. The Competition and Consumer Protection Tribunal sitting in Abuja, gave the directive after the company breached its restraining order on the tariff hike. Multichoice had appeared […]

Lufthansa pilots hold second strike in one week
Aviation

Lufthansa pilots hold second strike in one week

Pilots at German airline Lufthansa will strike again this week, their union Cockpit said Tuesday, escalating a wage dispute. The pilots for passenger flights will walk out from Wednesday 00h01 to Thursday 23h59, while the industrial action for those operating cargo flights will last a day longer to Friday 23h59, said the union. Faced with […]

News

Stock investors record N30bn loss one day

No fewer than 18 firms saw their share prices fall as the Nigerian Exchange Limited’s equity market recorded a N30bn loss at the end of trading on Monday. According to The PUNCH, the NGX All-Share Index closed at 49,991.41 basis points on Monday from 50,045.83 on Friday, while the market capitalisation fell to N26.964tn from […]

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