Oil giant Shell dives into $21.7 bn loss in 2020
Royal Dutch Shell dived into a net loss of $21.7 billion in 2020, the oil giant announced Thursday, as the coronavirus pandemic slashed global energy demand. The Anglo-Dutch group’s net loss compared with a net profit of $15.8 billion in 2019, the company said in a statement. Shell’s result is similar to British rival BP, […]
AGPC raises $260m to complete ANOH project
ENERGY Seplat Petroleum Development Company Plc said that its Incorporated Joint Venture, IJV, ANOH Gas Processing Company, (AGPC), successfully raised $260 million in debt to fund completion of its ANOH Gas Processing Plant (ANOH). Seplat is a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange. […]
GDP rebasing: NBS commences National Business Sample Survey
By Yinka Kolawole ECONOMY The National Bureau of Statistics (NBS) has commenced the National Business Sample Survey (NBSS) aimed at re-basing the nation’s Gross Domestic Product (GDP) among other motives. In a statement yesterday, Head, Public Affairs and International Relations, NBS, Sunday Ichedi, said that the NBSS, a component of National Business Sample Census (NBSC), […]
SEC sets new rule for collective investment schemes
By Obas Esiedesa CAPITAL MARKET The Securities and Exchange Commission, SEC, has directed that all units/securities of a collective investment scheme should be registered by the commission. The new directive is part of a general rule for Collective Investment Schemes, CIS, also known as mutual funds released by the commission yesterday. READ ALSOChad 12 opposition […]
Group warns against smear campaigns targeted at Buratai, other patriots that served Nigeria
Some shadowy international groups plan to launch a smear campaign to assassinate the character of the immediate past Chief of Army Staff, Lt. Gen. Tukur Buratai (rtd). This revelation was made by the civil society group, Nigeria First, at a press conference on Thursday in Abuja wherein it dismissed the alleged killing of Igbos by the Nigerian Army under Buratai’s […]
Eating less meat can help reduce risk of pandemic — UN
Eating less meat can help reduce the risk of a pandemic, in addition to saving the environment, the UN Environment Programme said on Wednesday. The programme said this while announcing a new Chatham House report. “At a time when so much of the world continues to battle the COVID-19 pandemic, it’s never been more obvious […]
Oil prices rise above $58.17pb as OPEC, non-OPEC members commit to output cut
By Udeme Akpan ENERGY Oil prices rose to over $58. 17 per barrel yesterday in the international market following commitment to output cut by members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members. Specifically, the price of Brent rose to $58.17 per barrel, recording over $2 in excess of $56 recorded the previous day. […]
COVID-19: Taheel Group takes safety sensitisation to FCT School for the Blind,orphanage
*Donates many hygiene, palliative items to children By Joseph Erunke ABUJA-IN its bid to prevent the spread of COVID-19 among school children as well as help cushion the effect of the pandemic,Taheel Group, an Abuja based real estate developer, has embarked on sensitisation and presentation of hygiene and palliative items to the FCT School for […]
Chad 12 opposition parties back joint candidate in presidential vote
Twelve opposition parties in Chad say they will field a joint candidate against Idriss Deby Itno, who has been in power for 30 years, in upcoming presidential elections. Deby is expected to be named by his Patriotic Salvation Movement (MPS) party on Saturday as its flag-bearer in the April 11 vote. Leaders of 12 parties […]
South Africa’s Johannesburg hotel embraces virus-free robots
The lobby of an upmarket hotel in Johannesburg’s affluent Sandton district is eerily deserted, with not a concierge or bellhop in sight. Jane May, who has just received her key card at the front desk, comes face-to-interface with a multi-coloured humanoid robot — a rarity in any hotel, but what is believed to be a […]
Accused firm in Mozambique scandal says it donated to president’s campaign
A firm at the centre of a $2-billion loan scandal that plunged Mozambique into its worst financial crisis says it donated to President Filipe Nyusi’s 2014 election bid, according to documents it filed at a British court. The company said Nyusi, who had been defence minister when the controversial deal was forged, had requested donations […]
Liberia pays up on late African Union dues
Liberia said Wednesday it had finally paid up its late annual membership fee to the African Union, months after being downgraded to observer status. After five months of suspension, Monrovia “has fulfilled its financial obligations to the pan-African body” and “is ready to participate” in an online summit this weekend, Foreign Minister Dee-Maxwel Kemayah said […]
Police in Edo arrest 5 kidnap suspects during bush combing
The Police Command in Edo on Wednesday said that it had arrested five kidnap suspects in Ahon community bushes on the Benin/Lagos Road. CP Philip Ogbadu, Commissioner of Police in the state, made this known when he paid a courtesy visit to Mr George Edem, Commandant, Nigerian Security and Civil Defence Corps (NSCDC) at the […]
Matt Mahvi talks about the coronavirus, work life balance and his mantra for success
Cybercrime is a genuine issue in the world we live in today, and statistics say that 28% of Americans have been hacked or had their identity stolen. Cybersecurity is a huge issue online, and the industry will continue to grow as technology develops. Matt Mahvi is a serial entrepreneur and revolutionary figure in the cybersecurity […]
Covid and conflicts compete for attention at African Union summit
African leaders are expected to focus on Covid-19 response at a virtual summit this weekend, as well as pressing security crises that have gone overlooked during the pandemic. The two-day African Union summit comes almost exactly one year after Egypt recorded the first case of Covid-19 in Africa, prompting widespread fears that member states’ weak […]
Jimi Tewe Company to provide investment solutions with Millionaire Employee Conference
In a bid to assist working professionals in Nigeria and diaspora understand better how to multiply their income through investment, The Jimi Tewe Company is organising a 3-day conference, scheduled to hold from 25th – 27th of February 2021. With the theme, “Where to Make and Invest Money in 2021,” the virtual conference will bring together revered investment experts and consultants to share practical experiences and give insights into how employees can legitimately earn income from other sources while still keeping their jobs.
