S&P

Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey. Brent had gained 28 cents to $53.66 a barrel by 0952 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 15 cents at $48.81. […]

The European Union’s highest court ruled on Wednesday that EU states must take in a share of refugees who reach Europe, dismissing complaints by Slovakia and Hungary and reigniting an angry row between east and west. The government of Hungary’s nationalist Prime Minister Victor Orban was characteristically blunt about the European Court of Justice, calling […]

Founder of the defunct militant group, Movement for the Emancipation of the Niger Delta (MEND), Chief Government Ekpemupolo (aka Tompolo) has vowed to make soldiers pay for the death of his father, Chief Thomas Osen Ekpemupolo one year ago. Tompolo speaking on the first year anniversary of the death of the late Thomas from hiding, […]

The Chief Executive Officer, National Bureau of Statistics (NBS), Dr Yemi Kale, has said that the effect of Nigeria coming out of recession will not be immediately felt by the people. Kale, made the statement in Abuja on Wednesday at a news conference. “There is a different stage Nigeria must go through before the masses will […]

Minister of Budget and National Planning, Udoma Udo Udoma The Minister of Budget and National Planning, Udo Udoma  said on Wednesday said that with the exit of the economy from recession, the task ahead is to grow the economy in a rapid manner. Udoma disclosed this while reacting to the Gross Domestic Product growth rate report […]

An environmentalist, John Ekoko, on Wednesday decried the ongoing sand filling of Lagoons in some parts of Lagos State by the state government, warning against its consequences. Ekoko, a former Chairman of the Nigerian Environmental Society, Lagos Island Chapter, spoke in an interview with newsmen in Lagos. Nigerian media report that massive sand filling is […]

The Commander of the Joint Task Force (JTF) in the Niger Delta, Suleman Apochi, as well as top military chiefs and troops survived an accident as the Ikang River jetty in Calabar collapsed, hurling personnel into the river. The spokesperson of the joint military force christened Operation Delta Safe (OPDS), Ibrahim Abdullahi, said on Wednesday […]

The Lagos state government yesterday flagged off the reconstruction of the Oshodi-International Airport road, with a pledge to complete the project within fifteen months. The state governor, Akinwunmi Ambode, last month at the quarterly town hall meeting held in Badore area of Ajah, announced the reconstruction of the road would commence in September. The project includes […]

By Patience Danjuma  The Minister of Transportation, Rotimi Amaechi, said on Monday that President Muhammadu Buhari was not aware that rail line was going to pass through his hometown in Daura, Katsina State. The minister said President Buhari approved rail lines from Kano to Daura and Jibia local government areas of Katsina. He, however, clarified that Buhari […]Read More

The United States federal aviation administration has given Nigerian airlines a 65-day ultimatum to resolve specified security issues or risk being barred from flying to its country. A team of US FAA officials who recently carried out an audit for the renewal of Nigeria’s category one safety status gave the ultimatum on August 24. The US […]

The majority shareholders in Ansbury Investment Inc. have sent a petition to the Securities and Exchange Commission, seeking the postponement of Oando Plc’s Annual General Meeting (AGM). In the petition dated August 17, 2017, Ansbury urged SEC to postpone the AGM, pending the resolution of the shareholding matter earlier raised by it. Ansbury alleged that […]

The Asset Management Corporation of Nigeria (AMCON) says it is not aware of any current discussion or negotiation with the management of Ethiopian Airlines regarding Arik Air Limited. AMCON stated this in a statement on Monday by its Head, Corporate Communications, Jude Nwauzor. The Managing Director of International Services, Ethiopian Airlines, Esayas WoldeMariam, was quoted […]