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Oil sector contributes N1.055trn to GDP, down 3.68pts

Oil sector contributes N1.055trn to GDP, down 3.68pts

*Average daily oil production dips to 1.50m barrels per day By Obas Esiedesa THE oil sector contribution to the Nigerian economy declined to 5.19 percent at N1.055 trillion in the fourth quarter of 2021, down by 3.68 basis points, from the 5.87 percent contribution in the corresponding period in 2020. Latest data from the National […]

Paradise Estate doles out N8m to customers

Paradise Estate doles out N8m to customers

A foremost real estate developer, Paradise Estate, Abuja has rewarded some of its customers with over N8million worth of cash prizes at the just concluded finishing contest organized for homeowners with the best interior decoration within the estate.

Russia-Ukraine: Europe is one step away from war ― Czech prime minister

Russia-Ukraine: Europe is one step away from war ― Czech prime minister

Czech Prime Minister, Petr Fiala, on Tuesday, warned that Europe was one step away from war. In a speech to parliament in Prague, the prime minister once again condemned Russia’s recognition of the separatist areas in eastern Ukraine as an “act of aggression against a sovereign state.” The liberal-conservative politician spoke out in favour of […]

Nigerian content retains $8bn annually, creates 50,000 jobs

Nigerian content retains $8bn annually, creates 50,000 jobs

The implementation of the Nigerian Oil and Gas Industry Content Development, NOGICD, Act has created over 50,000 direct jobs in the local economy over the past 11 years. The Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, Simbi Kesiye Wabote, disclosed this in Lagos during separate breakfast meetings he held with members of the […]

‘Nigeria has resources to manufacture COVID-19 vaccines’

‘Nigeria has resources to manufacture COVID-19 vaccines’

Dr Okai Aku, Executive Director, Planned Parenthood Federation of Nigeria (PPFN) on Tuesday said Nigeria had the human and material resources to deliver on the manufacture of COVID-19 vaccines. Aku, a public health expert, said this in an interview with the News Agency of Nigeria (NAN) in Abuja. The News Agency of Nigeria (NAN) recalls […]

Bad fuel: Northern groups withdraw call for sack of NNPC mgt

Bad fuel: Northern groups withdraw call for sack of NNPC mgt

By Ibrahim Hassan-Wuyo A group, the Concerned Northern Forum, has rescinded its earlier call for the sack of the management of the NNPC over the adulterated fuel that was imported into Nigeria. Mallam Ibrahim Bature, Chairman Concerned Northern Forum and Abdulsalam Kazeem, spokesperson of the forum, in a statement in Kaduna, said “it has become […]

Uba Michael meets House Chief Whip, gets endorsement

Uba Michael meets House Chief Whip, gets endorsement

Delta State gubernatorial apsirant, Chief (Amb.) Uba A. Michael on Thursday paid a visit to the Majority Whip of the House of Representatives, Mohammed Tahir Monguno at his office in the National Assembly. Their discussion focused majorly on Uba’s ambition to become the next governor of Delta State and the 2023 elections in general. During […]

Pay FERMA N850b to salvage Nigerian roads ― Gershom begs FG

Pay FERMA N850b to salvage Nigerian roads ― Gershom begs FG

By Ike Uchechukwu, Calabar Worried by the dilapidated nature of federal roads across the country, the Chairman Senate Committee on Federal Roads Maintenance Agency (FERMA), Senator Gershom Bassey has called for the urgent release of N850 billion owed the agency by the Federal Government. In a statement made available to newsmen in Calabar Tuesday, Bassey […]