Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
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Oil Output Hits 1.8m bpd, FG To Review 270 Levies
Nigeria’s crude oil output has hit 1.8 million barrels per day, the Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri, has said. He disclosed this on Tuesday while declaring open
We Can’t Intervene In N1.3 bn PFIPC Controversy Without Petition – Senate
The Senate cannot intervene in the controversy surrounding the alleged fake Presidential Foreign Intervention Promotion Council without receiving a formal petition. Senate Spokesperson, Senator Yemi Adaramodu, disclosed this on Tuesday after plenary
40% Of ₦50bn Seed Fund Applicants Are Fake- FG
The National Agricultural Seeds Council has disclosed that 40 per cent of companies that applied for the ₦50 billion Presidential Catalytic Fund for Seed Companies are fake. The Director General of NASC,
CJN To New Judges: Reject Unsolicited Gifts Or Risk Your Career
The Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, has warned new lower court judges against accepting unsolicited gifts, saying the practice could endanger their careers. Speaking on Tuesday at the opening of
Renaissance Records 1,000ft Oil Find In OML 74, Targets Higher Output
Renaissance Africa Energy Company Limited has announced a major discovery in OML 74 offshore Nigeria, with its JK-004 well logging about 1,000 feet of hydrocarbons in seven reservoirs. The company said early
Chevron, NNPC Gas Unit Ink Agreement For Escravos Gas Delivery To Lagos Pipeline
Chevron Nigeria Limited and the NNPC Gas Infrastructure Company Limited have signed a Network Entry Agreement to facilitate gas delivery into the Escravos–Lagos Pipeline System. The agreement between Chevron, operator of the
Delta Police Demote Inspector, Corporal Over Extortion
The Delta State Police Command has demoted two officers caught on video extorting a motorist. Commissioner of Police Yemi Oyeniyi gave nod to the reduction in rank of Inspector Augustine Jeremiah and
Senate To Tinubu: Nationalise South African Firms, Cut Ties Over Xenophobia
The Senate on Tuesday asked President Bola Tinubu to consider nationalising South African businesses in Nigeria and severing diplomatic ties over xenophobic killings. Senator Adams Oshiomhole proposed that companies like MTN, Stanbic
Kano Judiciary Sacks Shari’a Judge Over Bribery
The Kano State Judicial Service Commission has compulsorily retired a Shari’a Court judge over bribery and sanctioned other court officials for misconduct. The decision was taken at the Commission’s 90th meeting on
NERC Transfers Power Sector Oversight To 16 States
The Nigerian Electricity Regulatory Commission has transferred electricity market regulation to 16 states in the country. Its Chairman, Dr. Musiliu Oseni, who disclosed this on Monday a regional seminar for judges of
