COVID-19: Kwara Imposes Partial Lockdown

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

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By Adedapo Adesanya The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, is not heading to the exit door despite speculations amid continued organisational changes to the management of the state oil company. In a statement on Monday night, it was stated that in “addition to the recent exit of three Executive Vice Presidents, other Management Staff with less than 15 months to statutory retirement will be exiting the company effective 19th September 2023.” What this means is that the exit is happening downward since three Executive Vice Presidents were changed over the

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Modupe Gbadeyanka Equatorial Guinea’s Ministry of Mines and Hydrocarbons, Ophir Energy and national oil company GEPetrol, have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni, Equatorial Guinea. London Stock Exchange-listed Ophir Energy (OPHR.L) is already a major player offshore Equatorial Guinea in Block R, where the company is building Africa’s first deepwater floating liquefied natural gas project. Block EG-24 (formerly Block EG-20 and Block M) is one of 20 exploration areas marketed during the EG Ronda 2016 licensing round and is located to the west of producing fields Ceiba and Okume, covering 3,537 square

By Modupe Gbadeyanka Catastrophe struck on Saturday at Seidu Okeleji area of Meiran, Lagos State, when a building suddenly caved in. It was gathered that the incident left few persons dead, including a baby girl and her mother. However, three children have been rescued. Meiran is under the Agbado-Oke Odo Local Council Development Area of Lagos State. According to an eye witness report, the unfortunate incident during the heavy downpour today and also as voters in the area were preparing to cast their votes in the council polls across the state. It was learnt that the tragedy claimed the lives

By Dipo Olowookere Twenty-nine loyal customers of Sterling Bank have been made millionaires through the on-going Sterling Bank Savers Reward Scheme. They were rewarded having maintained a monthly balance of N25,000 in their savings accounts and selected via an electronic raffle draw system held in Lagos last weekend. The scheme, launched in March this year, also rewarded four non-individual customers with Sterling Plus accounts with N250,000 each. Furthermore, 40 customers with a weekly balance of N10,000 in their accounts were given N50,000 each. Chief Marketing Officer of Sterling Bank, Mr Henry Bassey, explained that the bank decided to reward the

By Dipo Olowookere The 19 exchange students, who have recently returned from their exchange programme, have expressed their enthusiastic about their stay in Germany. The Ambassador of the Federal Republic of Germany, Christian Schlaga, and representatives of the Association of German School Societies in Namibia (AGDS), invited the learners on 16 February 2017 to relate their experiences. For several years now, the AGDS, in partnership with the German Cultural Relations Abroad (VDA), has made the ten-to-twelve week stay for Namibian youth in Germany possible. The 19 students, all of them ambitious learners of the German language, were hosted by German

  Researchers have been dispatched to conduct a Strategic Conflict Assessment (SCA) of the length and breadth of Nigeria, to enhance peace building, and prevention and containment of violent conflicts. This initiative is a collaborative effort of the Institute for Peace and Conflict Resolution (IPCR) and the United Nations Development Programme (UNDP) and the Nigeria Stability and Reconciliation Programme (NSRP). The SCA will cover the 36 States of the federation, grouped into the 6 geo-political zones and the Federal Capital Territory. Already, the Institute held pre-engagement meetings with the consultants, and briefed researchers of the Institute traveling to the States

**Deepens Responsible Drinking Campaign By Dipo Olowookere Leading manufacturer and Nigeria’s only total beverage alcohol (TBA) company, Guinness Nigeria Plc, has revved up its commitment to driving responsible drinking behaviour among Nigerian consumers by partnering with the National Youth Service Corps (NYSC) to deliver its innovative and trailblazing DRINKiQ training sessions to officials and corps members in a bid to take the responsible drinking message to every nook and cranny of the country. At the signing of the Memorandum of Understanding between Guinness Nigeria and the NYSC which took place at the Gowon House, National Directorate Headquarters, NYSC in Abuja,

By Adedapo Adesanya  As the oil market awaits the outcome of the first leg of the two-day meeting of the Organisation of the Petroleum Exporting Countries (OPEC) taking place in Vienna, Austria, oil prices gained on Thursday. The meeting will involve discussions on compliance and possible reduction in oil supply from members states of the cartel which will reduce the risk of an oversupply and support prices in 2020. On the back of this, Brent crude was trading up by 47 cents or 0.75 percent on Thursday night to settle at $63.47 per barrel, while the US West Texas Intermediate

By Dipo Olowookere Leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange (NSE) and the London Stock Exchange (LSE), Seplat Petroleum Development Company (Seplat) Plc, has announced the successful pricing of its $350 million senior notes due for 2023 offered at 9.25 percent. The firm, in a statement issued yesterday, explained that the “notes will be issued by the company and guaranteed by certa in of its subsidiaries. In the statement signed by its Chief Financial Officer (CFO), Mr Roger Brown, the gross proceeds of the notes would be “used to repay and cancel existing