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Umahi orders arrest of Hartland MD over uncompleted ₦14bn

Policy and Regulations

Police shut Rivers hotel over man’s suspicious death

News

FG inaugurates committee to boost Nigeria’s fish production

Maritime

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Blog

Nigeria Air: FG warns against fake recruitment website
Aviation

Nigeria Air: FG names Ethiopian Airlines technical partner

Federal Government has selected Ethiopian Airlines as its technical partner and core investor for the establishment of Nigeria Air. According to ThisDay, the Ministry of Aviation disclosed the development to newshounds on Friday. Choosing Ethiopian Airlines will put to an end, several months of speculations about who become the technical partner and core investor in […]

Nigeria, Morocco commence 5,600km gas pipeline project
Oil and Gas

Nigeria, Morocco commence 5,600km gas pipeline project

Nigeria and Morocco have formally commenced the construction of the long-awaited 5,600km Nigeria-Morocco Gas Pipeline project. A Memorandum of Understanding was signed to that effect by the Nigerian National Petroleum Company Limited and the Office National des Hydrocarbures et des Mines of Morocco on Thursday. According to The PUNCH, the NNPC disclosed that the signing […]

FBN Insurance targets 1m customers in one year
Insurance

FBN Insurance targets 1m customers in one year

First Bank of Nigeria Insurance Limited said it will be in increase its policyholders from 400,000 to 1 million in the next one year. According to Vanguard, FBNInsurance Managing Director, Mr. Tunde Mimiko said this at a press conference. He disclosed, “This is not about promises, we have the personnel to achieve this. We are […]

World Bank punishes Nigerian firms, individuals for corruption
Economy

Prepare for recession, World bank warns CBN

The World Bank on Thursday issued a warning to the Central Bank of Nigeria and other central bank across the world that they should prepare for a recession following reoccurring increase of interest rates. It would be recalled that the CBN during its last Monetary Policy Committee meeting in July in Abuja increased the benchmark […]

New naira'll make ransom payment difficult - CBN
Economy

CBN responsible for export exchange rate – NCS

The Nigeria Customs Service said the Central Bank of Nigeria is responsible for the exchange rate increase on imported goods. According to the Nation, NCS said this in a statement yesterday by it’s Public Relations Officer, Timi Bomodi saying it is only the CBN that has the power to do so. The statement reads, “The […]

Shell CEO Ben van Beurden to resign 2023
Oil and Gas

Shell CEO Ben van Beurden to resign 2023

Shell announced that CEO Ben van Beurden will step down at the end of the year after nearly a decade of holding the position. According to Reuters, Wael Sawan will become its next chief executive on Jan. 1. This is coming following a report that Shell had been actively looking for a successor to replace […]

Amazon deploys AI to enhance product review
Business

California sues Amazon for alleged price inflation

California filed a lawsuit Wednesday accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law. Amazon pressures merchants not to list items at lower prices on other websites, which hurts sellers and consumers, California Attorney General Rob Bonta said in the lawsuit. […]

Ford unveils new gasoline-powered Mustang
Transportation

Ford unveils new gasoline-powered Mustang

Revealing that there are exceptions to Detroit’s electric vehicle push, Ford Wednesday unveiled its seventh-generation Mustang, a gas-powered sedan that the Michigan company suggested could be the best yet. The latest Mustang — once the inspiration for a Serge Gainsbourg song and seen in some 3,000 movies — features a “fighter jet-inspired” interior and performance […]

Customs seize 80,000-litre tankers with adulterated diesel
News

Customs seize 80,000-litre tankers with adulterated diesel

Officials of the Nigeria Customs Service have seized two tankers filled with adulterated 80,055 litres of Automotive Gas Oil, popularly called diesel, in the Ijebu-Ode area of Ogun State. According to The PUNCH, this was disclosed by the Acting Customs Area Controller in charge of the Federal Operations Unit, Zone A, Hussein Ejibunnu. While handing […]

Senate probes Niger Delta oil theft
Oil and Gas

Senate probes Niger Delta oil theft

The Senate Adhoc Committee commenced an investigation into oil theft and illegal bunkering activities in the Niger Delta region. According to The PUNCH, this was disclosed by the Chairman of the Committee, Bassey Akpan while answering questions from journalists on arrival at the Port Harcourt International Airport. Akpan revealed that the theft of crude oil […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Oil production: Angola, Libya overtake Nigeria, says OPEC

The Organisation of Petroleum Exporting Countries has disclosed that Angola and Libya have overtaken Nigeria after oil production in the West African country plunged to 972,000 barrels per day in August 2022. This was disclosed by the OPEC in its September 2022 report which also confirms the figures released recently by the Nigeria Upstream Petroleum […]

FBN Insurance targets 1m customers in one year
Banking

Tax evasion: Kogi govt seals First Bank branches

Kogi State Government has sealed all branches of First Bank Nigeria PLC operating in the state following an order by a High Court sitting in Lokoja. The order was carried out by men of the Kogi State Internal Revenue Service following the inability of the bank to liquidate its outstanding tax liabilities of over N411.12 […]

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