After concluding urgently needed repair works on Eko and Marine Bridges in Lagos, the Minister of Works and Housing, Mr. Babatunde Fashola, SAN, has directed that both bridges be reopened to traffic on Monday, October 19, 2020. The approval for the reopening of the completed First Phase of the repairs...
Contrary to speculations on the social media that the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is planning to shut down fuel stations and oil installations across the country on Monday, the Union has debunked the claims. In a statement signed by its National President, Comrade Williams Eniredonana...
The Nigerian National Petroleum Corporation has commiserated with the Government and people of Lagos State and especially the victims over the unfortunate tanker explosion which occurred on the Otedola Bridge, in Lagos, in the early hours of Saturday. According to reports, the unfortunate incident occurred when a container truck loaded...
The Central Bank of Nigeria (CBN) has debunked the claims that its website was hacked by malicious persons. This was disclosed in a statement by the Ag. Director, Corporate Communications, CBN, Osita Nwanisobi. CBN in a statement said, "contrary to claims in the social media alleging that the website of the...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N639.901 billion September 2020 federation account revenue to the Federal, States and Local Government Councils and agencies. This was announced after the physical meeting of the Federation Account Allocation Committee (FAAC) for the month of October held at the...
The Consumer Price Index (CPI) which measures inflation increased by 13.71 percent in September 2020 with Bauchi, Kogi and Zamfara states having the highest effects. The National Bureau of Statistics (NBS) October report released on Thursday, said the increase is 0.49 percent point higher than the 13.22 percent of August. On...
The Federal Government has arraigned Dantata Success and Profitable Company and their promoters before the Federal High Court in Abuja for investment fraud amounting to over N2billion. Those charged along with the company are Basira Ibrahim Dantata, Lawan Sanni and Gaji Ibrahim Dantata. The defendants who were arraigned before Justice A....
Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. A statement by the Corporation's spokesman, Dr. Kennie Obateru, quoted the...
As part of concerted efforts to ramp up gas-to-industries and gas-to-power in the country, the Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project, one of the largest green field gas condensate development projects ever undertaken in Nigeria, was expected to produce 600million...
The African Development Bank Group has announced the appointment of Ms. Yacine FAL as Director General, Cabinet Office of the President, effective 1st November 2020. As Director General, Ms. FaI will oversee the administrative and operational work and activities of the Cabinet Office of the President. Primarily, she will provide...