NLC president raises the alarm over missing crude

NLC president raises the alarm over missing crude President of the Nigeria Labour Congress (NLC), Ayuba Wabba, has raised the alarm of missing crude oil running into billions of dollars. Wabba said the monumental infraction occurred at a period the Federal Government claimed to have recorded the highest level of pipeline vandalism

Dangers of cyanide in garri

cyanide in garri: Garri a derivative of cassava  is one of the staple foods of Nigerians that provide high energy to consumers. However, it exposes the populace to possible slow cyanide poisoning if not properly processed. Its consumption has been linked previously to sudden deaths of some families, who, unfortunately,

Dano launches 2 new flavours

Arla Dano has launched two variants of flavoured milk powder into the Nigerian market. The newly introduced Dano flavoured milk powder which comes in strawberry and chocolate flavours were launched following consumer research that informed increasing desire for a convenient and exciting milk product among families especially kids. According to Mads

NBBF election : FIBA delegation due in Nigeria January 2018

NBBF election: Following the resolution of the FIBA Central Board at its meeting over the weekend of December 9, 2017, the basketball world ruling body has set up a delegation to visit Nigeria early January 2018 on a fact finding mission. In addition to its fact-finding mission that would culminate in

Anambra Central: Court orders Okonkwo’s swearing-in

Anambra Central: Court orders Okonkwo’s swearing-in..A Federal High Court in Abuja, yesterday ordered that Dr. Obiora Okonkwo be sworn in as senator representing Anambra Central Senatorial District on the platform of the Peoples Democratic Party (PDP). Justice John Tsoho, who delivered the judgment in the pre-election suit filed by Obiora, ordered

2019: I’m for Buhari–Osinbajo ticket –Tinubu

Election 2019

Election 2019 : Former Lagos State governor and National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has said his endorsement of Professor Yemi Osinbajo as President Muhammadu Buhari’s deputy remains unchanged.Reacting to a report that president Buhari may pick him as a running mate in the

Nigeria to partrner ILO on human capacity devt goals

Nigeria to partrner ILO on human capacity devt goalsNigeria would be working with the International Labour Organization (ILO) to realise the objective of its human capital development as indicated in the Economic Recovery and Growth Plan (ERGP). Minister of Budget and National Planning, Senator Udoma Udo Udoma, who gave this indication

Dano launches 2 new flavours

Dano launches 2 new flavoursArla Dano has launched two variants of flavoured milk powder into the Nigerian market. The newly introduced Dano flavoured milk powder which comes in strawberry and chocolate flavours were launched following consumer research that informed increasing desire for a convenient and exciting milk product among families especially

Suspension: SEC urges court to dismiss Oando’s application

Suspension: SECThe Securities and Exchange Commission (SEC) yesterday urged the Federal High Court, Lagos, to dismiss a motion filed by Oando Plc, seeking preservative orders challenging the technical suspension imposed on its shares. The apex market regulator had placed technical suspension on trading in the shares of the oil firm on

Nigeria Customs: releases 5 suspects detained over restricted items

five suspects arrested and detained  by Nigeria Customs Federal Operations Unit (FOU), Ikeja, Lagos,  have been released on administrative bail and on health ground. The Public Relations Officer of the unit, Mr Jeremiah Attah,  who confirmed this to Daily Sun, said that though the items they were conveying were restricted items,

Non-implementation of PSC law costs Nigeria N7trn

The Federal Executive Council (FEC) has approved the amendment of Section 15 of the Production Sharing Contract (PSC) law, which none implementation has cost the nation an estimated $21billion (about N7.602trillion) in revenue to International Oil Companies (IOCs). When the Act is amended, close to $2 billion (about N700 billion) extra

Turkey’s TAV plans bid for 4 Nigerian airports

TAV Havalimanlari Holding AS, Turkey’s biggest airport operator, is planning to bid for concession contracts for four airports in Nigeria, according to two people with knowledge of the matter. The Istanbul-based company, majority owned by Aeroports de Paris, has already submitted a non-binding bid for the airports, which include those in

NNPC plans 24-hour depot, retail sales to end fuel scarcity

Hopes of early resolution of the current petrol scarcity brightened yesterday, as the Nigerian National Petroleum Corporation (NNPC) announced plans to commence a 24-hour depot and retail services to improve product distribution. The strategy, if successfully implemented would clear the lingering fuel queues in Abuja, Lagos and several other states

FG to issue debut domestic Green Bond

The Debt Management Office (DMO) has announced that it would commence sensitisation prospective investors in the Bond through a Roadshow in Abuja and Lagos on December 14 and 15, 2017 ahead of the issuance of its debut Sovereign Green bond. The Green Bond comes following Nigeria’s endorsement of the Paris Agreement

Nigeria remains investor destination of choice, says IMF

The International Monetary Fund (IMF) has described Nigeria as an investment haven, urging the nation’s monetary and regulatory authorities to roll out policies that would reduce inflation rate and increase access to domestic funds to ensure the economy attains further growth in 2018. The Senior Financial Sector Expert, Debt and Capital

Tanker fire razes vehicles, spreads agony in Lagos

Tanker fire razes vehicles: A tanker laden with 33,000 litres of diesel yesterday unleashed huge losses on some residents of Festac Town in Amuwo Odofin Local Government Area of Lagos State. The accident, which occurred around noon, did not claim any life. But one man was injured while 21 vehicles and

Northern senators blow hot on restructuring

The Northern Senators Forum rose from its two-day retreat in Katsina, yesterday, and declared that the political elite from other regions is intimidating the North with restructuring. Besides, the senators described restructuring as an ambiguous term, “even to its proponents, without clear terms and directions on how to go about it.” The

N-Power: 6 Out Of 915 Shortlisted Are Indegenes, Abaji Youth protested Against N-Power Verification Exercise

The on-going physical verification of pre-selected applicants into the federal government Social Investment Programme, N-Power took a new twist in Abaji Area Council of the Federal Capital Territory, Abuja  yesterday as some unsuccessful applicants stormed the Council Secretariat to protest what they described as "poor representation" of indigenous youth from

Generator Fumes Kill Two Friends In Edo State

Generator fumes kill two friends: A fashion designer and her friend died after inhaling toxic fumes from an electricity generator. The bodies of Muobuikwu Uju Kate and Nkiru Anozie were discovered in a shop located on Second East Circular road in Oredo Local Government Area of Edo State on Tuesday