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The most important event of the day, if not week now that the monthly payrolls report has become meaningless in steering the Fed’s no-longer-US-but-Chinese-data-dependent-path, will be Yellen’s speech at the NY Economic Club shortly after noon local time. As DB’s Alan Ruskin previews, this is an “an event that many hope will provide clarity on […]Read More

WASHINGTON (Reuters) – The United States said on Monday it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa’s largest economy. U.S. Assistant Secretary of State for Africa, Linda Thomas-Greenfield, told an audience at the U.S. Institute of Peace that Nigeria should […]

President Muhammadu Buhari on Tuesday urged the South Sudanese government to invest more in agriculture and not to be solely dependent on oil revenues to grow the nation’s economy. Mr. Buhari was receiving the outgoing South Sudanese Ambassador to Nigeria, Ambassador Makuet Riak, at the State House in Abuja . Accordint to a statement by Mr. […]

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President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to take additional crude oil volume as a measure to guarantee the country’s supply of Premium Motor Spirit (PMS) petrol. Group General Manager, Group Public Affairs Division, Garba Deen Muhammed, said in a statement that due to the challenges that “major oil […]

The Ekiti State Governor, Ayodele Fayose, has admonished President Muhammadu Buhari to go beyond apologising to Nigerians on some flawed policies and miscalculated steps his administration has taken since assuming office. Fayose said the step for Buhari to take is to redress such lapses. The governor also urged the President to stop seeing himself as […]

To ensure that the best emerges Vice-Chancellor of the Obafemi Awolowo University, OAU, Ile-Ife‎, the institution’s branch of the Academic Staff Union of Universities (ASUU) has finalised plans to screen candidates for the position. It was learnt that the action was to facilitate and organise interaction with the shortlisted aspirants. The tenure of the current occupant, […]Read More

[embedded content] An exclusive video has been released to YouTube detailing the visit of Nigerian ‘Prophet’ T.B. Joshua to Tanzania and revealing further details of the pastor’s closeness to the East African nation’s new pace-setting President. In the clips, Joshua is warmly welcomed at the airport by Tanzania’s President, Dr John Magufuli, who is a […]Read More

Share on Facebook Tweet on Twitter CAIRO/ATHENS (Reuters) – An Egyptair domestic flight from Alexandria to Cairo was hijacked on Tuesday and landed in Cyprus, Egyptian officials and Cyprus state radio said. The Cyprus Broadcasting Corporation reported that 55 passengers were on board and a crew of seven. At least one man was thought to […]

Special Assistant to the Ekiti State Governor on Public Communications and New Media, Mr. Lere Olayinka, on Tuesday, described the All Progressives Congress (APC), as the real threat to the security of Nigeria and its people, a reaction to a statement on Monday by the APC in Ekiti describing the State Governor, Mr Ayodele Fayose, as a serious threat to […]Read More

Seplat Petroleum Development Company released its 2015 FY results on Thursday, showing profit after tax dropped 68% to N12.9 billion. The company also reported revenues dropped by 9% to about N112 billion. Seplat also declared dividends of about 4 cents per share culminating in a final dividend of 8 cents per share for the year. […]

The Senate, yesterday, summoned the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to appear before it today. Kachikwu was summoned by the Senate Committee on Petroleum Resources (Downstream), following the on-the-spot assessment of the crisis in major filling stations within Abuja metropolis in the Federal Capital. Acting Chairman of the committee, Jibrin Barau, […]