Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has described $30 currently spent by oil companies to produce one barrel of crude oil in Nigeria as too high. According to him, the amount should be reduced…
Buhari appoints new permanent secretaries
President Muhammadu Buhari has approved the appointment of new Permanent Secretaries in the Federal Civil Service. The appointment is coming after the retirement of some Permanent Secretaries by the government on Tuesday. According to the Federal Government, those who were…
MTN CEO Resigns over $5.2b fine
MTN Group, the parent company of MTN Nigeria, which was slammed a record $5.2 billion fine by the Nigerian National telecommunications Commission (NCC), over its delayed disconnection of unregistered mobile phone numbers, has forced Chief Executive Officer, Mr. Sifiso Dabengwa,…
FG tasks NAC on vehicle purchase scheme
The Vice President, Prof. Yemi Osinbajo has challenged the National Automotive Design and Development Council to develop a comprehensive vehicle credit purchase scheme that would enable Nigerians to afford new vehicles. A statement issued by the Vice President Senior Special…
MTN Sacks CEO, Dabengwa Over Record $5.2b Nigeria Fine
MTN Group, the parent company of MTN Nigeria, which was slammed a record $5.2 billion fine by the Nigerian National telecommunications Commission (NCC), over its delayed disconnection of unregistered mobile phone numbers, has forced Chief Executive Officer, Mr. Sifiso Dabengwa,…
Customs boss pledges to stop permanent posting
The Comptroller-General of Customs, retired Col. Hameed Ali, has pledged to stop reported favoritism in the service. He explained that every officer in customs must work to earn promotion. “All officers are under close watch because if any mistake is done…
‘Nigeria to find oil in Chad basin soon’
Nigeria is on the verge of discovering significant quantity of oil in the Lake Chad area, North-East Nigeria, the Nigerian National Petroleum Corporation (NNPC) has said. In a statement, NNPC explained that it was projecting the inflow of $20 billion…
World Exchanges approves sustainability policies
THE World Federation of Exchanges (WEF) has presented recommendations to its member exchanges on how to implement their sustainability policies, the culmination of a year-long project by its Sustainability Working Group. The guidance, presented at the WFE’s General Assembly in…
Man Utd 2-0 West Brom: Jesse Lingard and Juan Mata earn hosts win
Jesse Lingard’s fine strike and Juan Mata’s penalty earned Manchester United a 2-0 victory at home to West Brom in the Premier League on Saturday. United academy graduate Lingard struck superbly from 20 yards – his first senior goal for…
Stoke 1-0 Chelsea: Marko Arnautovic condemns Blues to seventh defeat as Jose Mourinho banned
Chelsea’s struggles continued as Marko Arnautovic’s second-half volley earned Stoke City a 1-0 victory over the reigning champions on Saturday Night Football. Manager Jose Mourinho was not at the Britannia Stadium due to his one-match stadium ban but his side’s…
NCC to issue new telecom licence in 2016
THE Nigerian Communications Commission (NCC) is to issue new telecom spectrum licences in 2016 as part of measures to create improved infrastructure in all the 36 states in the country. Acting executive vice chairman, NCC, Prof Umar Danbatta, explained that…
Customs generates N1.5b daily
NOT less than N1.5billion is generated by the Nigeria Customs Service (NCS), the Comptroller-General, Col. Hameed Ali (rtd.), has disclosed. Ali stated this on Thursday when he paid a courtesy visit to the Chief of Naval Staff (CNS), Vice Admiral…
Samuel Eto’o brings health promotion messages to West Africa
A FIFA delegation led by FIFA Chief Medical Officer Prof. Jiří Dvořák and supported by Cameroonian superstar Samuel Eto’o has just completed a visit to Sierra Leone and Ghana to experience first-hand the progress of FIFA’s health campaigns. One year…
Court restrains FRC
The Federal High Court sitting in Lagos has restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc. The court order came two days after the Central Bank of Nigeria (CBN)…