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President Buhari re-appoints heads of NCAC, NTDC, NFVCB

Sultan Bello - 0
President Muhammadu Buhari has approved the reappointment of the following Chief Executive Officers for another term of four years.
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Economy

More trouble for Nigeria as fuel subsidy wipes off oil revenue

Ogunbiyi Tolulope - 0
Accordingly, the AGF is invited to note that the sum of N111,966,456,903.74 will be deducted from April 2021 Oil and Gas Proceeds due to the Federation in May 2021, which will translate to zero remittance to the Federation Account from NNPC in the month of May 2021.”
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Economy

Oil imports gulped $1.32bn in 2020, says CBN

Ogunbiyi Tolulope - 0
Nigeria, Africa’s largest oil producer, relies largely on importation for petrol and other refined products as its refineries have remained in a state of disrepair for many years.
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Business

Nigeria’s trade deficit rises 49% to $2.5bn

Ogunbiyi Tolulope - 0
“When compared with the corresponding period of 2020, it indicated a 27.5 per cent decline. Aggregate exports declined by 9.2 per cent to $2.81 billion in the review period, compared with $3.10 billion in December 2020, due, largely, to decline in crude oil and gas export receipts.
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Business

Oil price gains for fifth consecutive month

Ogunbiyi Tolulope - 0
The OPEC Reference Basket increased $3.51 or 5.7 per cent m-o-m (month-on-month) to average $64.56/barrel, the highest on monthly terms since January 2020.”
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Business

Nigerian stocks fall further, investors lose N30bn

Ogunbiyi Tolulope - 0
The financial services industry (measured by volume) led the activity chart with 607.22 million shares valued at N6.07bn traded in 10,125 deals, thus contributing 68.46 per cent and 65.99 per cent to the total equity turnover volume and value respectively.
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Business

Nigeria’s daily oil production hits 1.57 million barrels

Ogunbiyi Tolulope - 0
Nigeria produced 1.57 million barrels per day last month, a 30,000 bpd rise from February, and 70,000 bpd above its quota.
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Business

Delta communities threaten to shut down oil firm over massive spill

Ogunbiyi Tolulope - 0
The woman leader of the federated communities, Mrs Rachael Ukuveghre said the women, “will occupy the premises, we will dance naked on their premises until they listen to us.”
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Business

$1.5 billion PH Refinery contract reckless

Ogunbiyi Tolulope - 0
The House of Representatives should follow through on its planned probe of the deal. Buhari, like his predecessors, should stop holding Nigeria down with retrogressive policies, halt the outrageous deal and privatise the refineries as they are quickly and transparently.
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Business

FG won’t lift ban on SIM registration, as NIN defaulters risk 14-year jail term

Ogunbiyi Tolulope - 0
The Federal Government yesterday said there is no plan to lift the ban on new Subscriber Identification Module, SIM, registrations any time soon for security reasons.
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Business

U.S. dollar share of global FX reserves in fourth quarter hits lowest in 25 years: IMF

Ogunbiyi Tolulope - 0
More importantly, analysts said reserves held in U.S. dollars rose to an all-time peak of $7 trillion in the fourth quarter, compared with $6.939 trillion in the third. Reserves held in euros, meanwhile, rose 7% on a quarterly basis to $2.52 trillion.
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Business

Boeing wins biggest 737 MAX order since safety-ban lift from Southwest

Ogunbiyi Tolulope - 0
"In fact, since Southwest is the world's only large 737-only airline, it would have been a major disaster for Boeing if they had lost."
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Fighting resumes in southern Afghanistan as ceasefire ends

Foreign News Ogunbiyi Tolulope - 0
An Afghan army spokesman in the south confirmed fighting had resumed.
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Insecurity: 218 deceased, injured Prison officers get N154.57m

Local News Ogunbiyi Tolulope - 0
The Corrections boss while commiserating with the families of the fallen heroes, charged serving personnel to brace up for the emerging security challenges confronting the Service.
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17 arrested in Enugu over armed robbery, cultism, other vices

Crime Ogunbiyi Tolulope - 0
Preliminary investigation shows that the car was stolen from where it was parked at Abakaliki Road, Enugu by the criminal gang, who abandoned the vehicle and fled due to intense pressure mounted by the Operatives. However, discreet investigation to fish out the fleeing suspects has commenced.
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Bitcoin rises 5.6% to $49,337.72

Business Ogunbiyi Tolulope - 0
Bitcoin, the world's biggest and best-known cryptocurrency is up 77.9% from the year's low of $27,734 on Jan. 4, and down 24% from the year's high of $64,895.22 hit on April 14.
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EDITOR PICKS

Fighting resumes in southern Afghanistan as ceasefire ends

Foreign News Ogunbiyi Tolulope - 0
An Afghan army spokesman in the south confirmed fighting had resumed.
Read more

Insecurity: 218 deceased, injured Prison officers get N154.57m

Local News Ogunbiyi Tolulope - 0
The Corrections boss while commiserating with the families of the fallen heroes, charged serving personnel to brace up for the emerging security challenges confronting the Service.
Read more

17 arrested in Enugu over armed robbery, cultism, other vices

Crime Ogunbiyi Tolulope - 0
Preliminary investigation shows that the car was stolen from where it was parked at Abakaliki Road, Enugu by the criminal gang, who abandoned the vehicle and fled due to intense pressure mounted by the Operatives. However, discreet investigation to fish out the fleeing suspects has commenced.
Read more

POPULAR POSTS

Fighting resumes in southern Afghanistan as ceasefire ends

Foreign News Ogunbiyi Tolulope - 0
An Afghan army spokesman in the south confirmed fighting had resumed.
Read more

Insecurity: 218 deceased, injured Prison officers get N154.57m

Local News Ogunbiyi Tolulope - 0
The Corrections boss while commiserating with the families of the fallen heroes, charged serving personnel to brace up for the emerging security challenges confronting the Service.
Read more

17 arrested in Enugu over armed robbery, cultism, other vices

Crime Ogunbiyi Tolulope - 0
Preliminary investigation shows that the car was stolen from where it was parked at Abakaliki Road, Enugu by the criminal gang, who abandoned the vehicle and fled due to intense pressure mounted by the Operatives. However, discreet investigation to fish out the fleeing suspects has commenced.
Read more

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