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Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years, Organisation of Petroleum Exporting Countries has said. This is the same period President Muhammadu has served as Nigerian leader. This amount translates to N78.28 trillion using CBN latest dollar exchange rate of N380. OPEC, in its 2020 Annual Statistical Bulletin released on Monday, said the country’s oil export revenue fell to $45.11bn in 2019 from $54.51bn in 2018. Nigeria was the fifth biggest revenue-earner last year in OPEC after Saudi Arabia ($202.37bn), Iraq ($80.03bn), Kuwait ($52.43bn) and the United Arab Emirates ($49.64bn).…
Federal government has uncovered previously unknown payments to the daughter of an official, its lawyer told a court on Monday, in its latest attempt to overturn an arbitration award against it worth close to $10 billion. Process & Industrial Developments (P&ID), a firm set up to carry out a gas project in Nigeria, won a $6.6 billion arbitration award after the 2010 deal collapsed. The award has been accruing interest since 2013 and is now worth nearly $10 billion. Nigeria is seeking permission in the English courts to appeal the award, granted in 2017, despite having missed the 28-day appeal…
President Muhammadu Buhari has approved reconstitution of the representatives of Nigeria on the boards of Nigeria LNG Limited (NLNG) and Bonny Gas Transport Limited (BGT). This was contained in a memo signed by Minister of State for Petroleum Resources, Mr Timipre Sylva. The list of new representatives of federal government on LNG board are Mr Edmund Daukoru as Chairman, while Mr Henry lkem-Obih, Mr Rabiu Sulaiman, Mr Bitrus Nabasu and head of NNPC, Mr Mele Kyari, are members. For the Bonny Gas Transport Limited, Daukoru is the president. Members are Doyin Akinyanju, Abdul Abba, Bitrus Nabasu, and Mele Kyari. According…
333 Artillery Barracks in Maiduguri, Borno state, was last night attacked by Boko Haram. Military sources told journalists that the insurgents stormed the town around 11:20pm on Monday, firing shots into the barracks. Soldiers responded immediately but the insurgents had already surrounded the barracks, according to a source. The barracks is a short distance from the Nigerian Air Force base in Maiduguri. Boko Haram had initially attacked some parts of the town before heading to the barracks. A resident, who did not want to be named, said the insurgents had earlier abducted some travellers on Maiduguri-Damaturu road. Mr Tajudeen Umar,…
Federal government has released guidelines ahead of the resumption of schools at every level in the country. The guidelines for the safe reopening of schools and learning facilities after Covid-19 pandemic outline actions, measures, and requirements needed for resumption. In the document released by federal ministry of health and National Centre for Disease Control education emergencies working group and signed by minister of education, Mr Adamu Adamu, on Monday, federal government said learners should be supported to stay two metres apart. However, the government did not disclose when schools will resume. Covid-19 pandemic has led to the closure of schools…
Federal Government has reduced the arrival time for passengers at newly reopened airports from three to one hour 30 minutes before flights. Minister of Aviation, Mr Hadi Sirika, who made this known on his Twitter handle on Monday, June 13, said based on the review of operations since July 8, 2020 re-opening of airports, passengers can now arrive one and half hours before flights instead of three hours previously contained in the guidelines. “My colleagues and I have reviewed passenger facilitation at our airports; consequently I am happy to announce that henceforth, travellers are to arrive one hour and a…
Tuesday, 14 July 2020 05:45

Fire guts Abuja World Trade Centre

Fire on Monday gutted a section of World Trade Centre building located in Federal Capital Territory, Abuja. An eyewitness told journalists that the fire started from the top of the skyscraper which dots the skyline of Central Business District, Abuja as smoke billowed from the pinnacle. General Manager, WTC Abuja, Mr Ibukun Adeogun, explained that the fire had been extinguished by high-pressure sprinklers in the building. He said, “There was a minor fire outbreak at one of the floors close to the top floor near the shaft. The building is a high-tech building and the sprinklers put out the fire.…
More than 200 universities are backing a legal challenge to Trump administration’s new restrictions on international students, arguing that the policy jeopardizes students’ safety and forces schools to reconsider fall plans they have spent months preparing. The schools have signed court briefs supporting Harvard University and the Massachusetts Institute of Technology as they sue US Immigration and Customs Enforcement in federal court in Boston. The lawsuit challenges a recently announced directive saying international students cannot stay in the US if they take all their classes online this fall. A wide range of colleges and state and local officials are standing…
Tuesday, 14 July 2020 05:39

Nelson Mandela's daughter dies at 59

Ms Zindzi Mandela, youngest daughter of South Africa's first black president, Nelson Mandela and anti-apartheid activist Winnie Madikizela-Mandela, has died at the age of 59. She died in a Johannesburg hospital in the early hours of Monday morning, public broadcaster SABC said. She was serving as South African ambassador to Denmark at the time of her death. The cause of her death was not immediately revealed. Zindzi Mandela was Nelson Mandela's sixth child and his second with Winnie Madikizela-Mandela, his second wife. President Cyril Ramaphosa in a statement said Zindzi Mandela had "during our years of struggle brought home the…
Deaths from HIV, tuberculosis and malaria could surge in poor and middle-income countries as already weak health systems grapple with severe disruptions from Covid-19 pandemic, according to a predictive study published on Monday. Over the next five years, deaths from the three diseases could rise by as much as 10%, 20% and 36% respectively - putting the mortality impact on a scale similar to the direct impact of the coronavirus pandemic itself, the modelling study found. “In countries with a high malaria burden and large HIV and TB epidemics, even short-term disruptions could have devastating consequences for the millions of…
January 18, 2025

Petrol sells higher across Nigeria as Dangote Refinery raises prices

The price of Premium Motor Spirit (PMS), commonly called petrol, has risen sharply across Nigeria…
January 19, 2025

‘Govt destroys lives in Nigeria; UK shouldn’t be allowed to become such’ - Kemi Badenoch

The leader of UK’s Conservative Party, Kemi Badenoch, has said she doesn’t want Britain to…
January 19, 2025

3 reasons it's hard to make friends as you get older

When I first moved to New York City, it took me about a year to…
January 18, 2025

Vandals plunge Nigeria’s seat of power into darkness

In a spectacle befitting a nation where irony is never in short supply, the Presidential…
January 18, 2025

Oba Otudeko flees Nigeria as EFCC tightens noose

In a dramatic twist, Oba Otudeko, former chairman of First Bank of Nigeria (FBN), has…
January 19, 2025

Here’s the latest as Israel-Hamas war enters Day 471

Gaza ceasefire and hostage release set to begin A ceasefire in Gaza between Israel and…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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