NLC Insists October Strike Sacrosanct

By Adedapo Adesanya  Nigeria’s anti-crude theft troop, Operation Delta Safe, has destroyed 50 illegal oil refining sites in the Niger Delta region and arrested 51 suspects in the last week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who made this known on Thursday in Abuja while briefing newsmen on the operations of the military, said the troops also eliminated four criminals and recovered arms and ammunition. He added that a total of 578,900 litres of stolen crude oil, 454,330 litres of illegally refined Automotive Gas Oil and 10,000 litres of dual-purpose kerosene (DPK) were recovered during the operations.

By Bliss Okperan The Deputy Governor of Edo State, Mr Philip Shaibu, has announced his interest in the governorship election slated for 2024. Mr Shaibu, who fell out with former Governor Adams Oshiomhole to pitch his tenth with Governor Godwin Obaseki, declared his interest in the number one office of the state on Monday. In a televised announcement, the former student union leader said he intends to govern the state because of his desire to transform the Heartbeat of the Nation. According to him, his past records will make it easy for him to clinch the sole ticket of the

By Adedapo Adesanya  The Kwara State Government has announced the signing of a Memorandum of Understanding (MoU) with IHS Nigeria for the development of a technology innovation facility in the state. In a statement released by the government’s spokesperson, Mr Rafiu Ajakaye, it was said that Mr AbdulRahman AbdulRazaq, the governor of the state, signed the MoU alongside IHS Nigeria CEO, Mr Mohamad Darwish, at a brief ceremony attended by several officials in Ilorin, Kwara State on Saturday, November 18, 2023. The project tagged Ilorin Innovation Hub is part of the state government’s efforts to stimulate and deepen the alignment

By Bliss Okperan The Minister of Foreign Affairs, Mr Maitama Tuggar, has said that there will be a significant improvement in electricity supply by the first half of 2024 after the completion of the Ajaokuta Abuja Kaduna Kano project (AKK). Mr Tuggar disclosed this on Tuesday during an interview with Channels Television’s prime-time programme, Politics Today. “In the coming year, by the first half of next year (2024), there will be a remarkable improvement in the electricity supply in Nigeria,” he said on the show. Recall that former President Muhammadu Buhari in 2018 promised to expand Nigeria’s electricity capacity, which

By Abdullahi Dambe More facts seem to be emerging concerning the recent controversy over the National Arts Theatre, Lagos. My findings reveal that while it is true that the Central Bank of Nigeria (CBN) is championing a policy to support the creative industries via its Creative Industries Financing Scheme, and in furtherance of that, is working with the Bankers Committee to explore the development of creative hubs and zones in various parts of the country. However, unbeknown to the CBN Governor, Mr Godwin Emefiele, there is an on-going transaction for the concession of the National Arts Theatre and its surrounding

By Adedapo Adesanya Oil prices closed higher on Tuesday, with the Brent crude rising by 20 cents or 0.16 per cent to trade at $79.10 per barrel and the West Texas Intermediate (WTI) crude growing by 5 cents or 0.04 per cent to sell at $76.02 per barrel. The prices were lifted as a result of high aggregated production disruptions in Nigeria, Ecuador, and Libya amid the rapid spread of the Omicron coronavirus variant. The three oil producers declared forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns, causing supply shortages at

By Dipo Olowookere No doubt, the year 2020 was very challenging for many companies because of the COVID-19 pandemic, but in the midst of this, Ecobank Group showed resilience. The lender operating in 33 countries across Africa released its financial performance for the year to the Nigerian Stock Exchange (NSE) and from the brief analysis done by Business Post, the company proved beyond a reasonable doubt that it is a bank for the people. This is because despite the headwinds, its deposit from customers increased and this can be attributed to the various digital products designed by Ecobank to make

By Adedapo Adesanya The local content in Nigeria’s oil and gas sector has experienced a significant surge, recording a rise of about 54 per cent in 2022 compared to 26 per cent in 2017. This was disclosed by Mr Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), on Monday during his presentation at the ongoing Nigerian Oil and Gas Energy Week in Abuja. He disclosed this encouraging development, highlighting the remarkable progress in promoting indigenous industry participation. During his presentation at the event with the theme Nigerian Content’s Role in Achieving Energy Security, Mr

By Modupe Gbadeyanka Nigeria-based oil firm, Aiteo Group, has thrown its full weight behind the nation’s senior football team participating at the ongoing FIFA World Cup in Russia. Aiteo, the official optimum partner of the Nigeria Football Federation (NFF), recently premiered to industry applause, an official theme song to mentally boost the Super Eagles of Nigeria to go for glory at the Russia 2018 World Cup. This is also as they pledged to donate $50,000 to the team ‘for every unreturned goal’ scored at the Mundial. The rousing theme song titled, ‘Dem Go Hear Am, meaning ‘Go Show Them’ was

Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, has assured practitioners in the Nigerian movie industry commonly called Nollywood that the bank will continue to offer its support so as to project everything good about Nigeria to the world. Mr Akinwuntan who spoke at the premiere of the movie ‘The Bling Lagosians’ in Lagos said Ecobank was determined to support the creative industry as they are most suited in the task of reinventing the Nigeria of our dreams. This also being in line with the Central Bank of Nigeria (CBN) vision to support the Creative Industry through a Financing Initiative.

By Modupe Gbadeyanka Nigerians interested in buying the savings bond of the federal government for the month of April 2021 have till today to do so. Subscription for the paper opened on Tuesday, April 6 and according to a circular issued by the Debt Management Office (DMO), which is selling the debt instrument, the closing date is April 9. Investors have the opportunity to subscribe to any of the two maturities offered for sale by the debt office; the 2-year FGN savings bond due April 14, 2023, and the 3-year FGN savings bond due April 14, 2024. Business Post reports