Gunmen kill 2, injure others in Kano village

Gunmen kill 2, injure others in Kano village

By Abdulmumin Murtala, Kano Suspected Gunmen have on Monday attacked Bagwai town, Bagwai local government area of Kano State killing two persons and injuring four others. A source in the village said the gunmen who came in a car invaded the town around 10.30 pm killing the son of a Peoples Democratic Party stalwart in […]
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Bye-bye handshakes: How coronavirus is changing global habits

Bye-bye handshakes: How coronavirus is changing global habits

Say no to a handshake, refuse kisses on the cheeks and definitely avoid hugging. Instead, a direct gaze or maybe a gesture with the hands. All around the world people are changing their daily habits at work, at home and in worship to reduce the risk of contracting the coronavirus and prevent it from spreading […]

BUA, Flour Mills commit to enhancing food security in Nigeria, West Africa

BUA, Flour Mills commit to enhancing food security in Nigeria, West Africa

The Executive Chairman, BUA Group, Abdu Samad Rabiu, enthused that Flour Mills and BUA group are committed to enhancing food security in Nigeria and indeed, Africa. Receiving the Chairman of Flour Mills of Nigeria, John Coumantaros, during a courtesy call at the BUA headquarters in Lagos, Rabiu said: “I am pleased to receive Chairman Coumantaros […]

Petrol subsidy cost drops 22.5%

Petrol subsidy cost drops 22.5%

The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, paid N43.09 billion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in the month of January 2020, according to data obtained from the Petroleum Products Pricing Regulatory Agency, PPPRA.
The amount represented a decline of 22.47 percent when compared with the N55.58 billion paid in December 2019.

IFC partners Coronation Merchant Bank to boost trade finance in Nigeria

IFC partners Coronation Merchant Bank to boost trade finance in Nigeria

IFC, a member of the World Bank Group, today announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program. This will enable Coronation Merchant Bank to establish and expand correspondent banking partnerships with several international banks in IFC’s Trade Finance program, broadening access to finance in Nigeria. […]

Coronavirus: FG allays fears over disruption in fuel supply

Coronavirus: FG allays fears over disruption in fuel supply

By Michael Eboh The Federal Government allayed fears over a disruption in petroleum products supply in Nigeria due to the spread of the Coronavirus, COVID-19, stating that in January 2020, 1.829 billion litres of Premium Motor Spirit, PMS, also known as petrol, was supplied across the country. In a statement in Abuja, Executive Secretary of […]

Solid Minerals: Era of criminalising illegal miners over —FG

Solid Minerals: Era of criminalising illegal miners over —FG

By Gabriel Ewepu THE Federal Government on Thursday, declared that era of criminalizing illegal miners is over as it holds consultative meeting on formalization of artisanal miners into cooperatives, and small-scale miners into larger mineral and financial enterprises. The Minister of Mines and Steel Development, Architect Olamilekan Adegbite made the declaration, at the maiden public […]

Shell’s Bonga oilfield maintenance may affect 153,000 barrels oil export

Shell’s Bonga oilfield maintenance may affect 153,000 barrels oil export

By Ediri Ejoh With Agency Report Shell is preparing maintenance of strategic oil field, the Bonga oilfield between March and April, though the impact on production and exact dates are still being finalised. Shell operates the offshore field via its Nigerian subsidiary SNEPCo. In March, around 153,000 barrels per day (bpd) of crude were due […]

NNPC Retail diversifies, launches petrol, diesel engines lubricants

NNPC Retail diversifies, launches petrol, diesel engines lubricants

By Michael Eboh NNPC Retail Limited, the downstream and petroleum products marketing subsidiary of the Nigerian National Petroleum Corporation, NNPC, weekend, confirmed its investment and diversification into the lubricants segment of the industry, with the launch of six lubricating oils for petrol and diesel engines. Speaking at the launch of the products in Abuja, Managing […]

Housing finance: Stakeholder roots for direct disbursement by NHF to developers

Housing finance: Stakeholder roots for direct disbursement by NHF to developers

•Says accessing mortgage is tedious, cannot address housing provision By Kingsley Adegboye The importance of housing as a basic need to man, cannot be overemphasised. But to make housing available and affordable to people requires an effective mortgage system for funding housing in any country. Against this background, the Managing Director of PWAN PRO Realtors […]

Adopting LPG for automotive, other sectors of Nigeria’s economy

Adopting LPG for automotive, other sectors of Nigeria’s economy

By Udeme Akpan & Sebastine Obasi With its 202 trillion standard cubic feet of gas reserves, many global stakeholders had expected Nigeria to harness adequate gas for domestic use and export before 2020 for many reasons. First, its gas reserves are in excess of oil, estimated at 37 billion barrels. Second, gas is a cleaner […]

Oloto family warns public over fraudsters

Oloto family warns public over fraudsters

By Innocent Anaba The Oloto Royal Family of Otto and Lagos Mainland, has expressed concern over interlopers claiming to have an estate at the land behind National Stadium/ Tejuosho and offering the same for sale. In a statement by the family, it warned the public to beware of these people, adding that the land in […]