• $.4m wild polio diagnosis lab opens in UCH

    The U.S. Government, in partnership with the Federal Ministry of Health and the World Health Organization, today inaugurated a state-of-the-art polio modular laboratory at the University College Hospital, Ibadan, to improve the efficiency of polio diagnosis in Nigeria through reliable environmental sampling. While examining the ultra-modern amenities with representatives of ...

  • NDLEA destroys 30,992kgs of cannabis in Osun

    …As cartels invade forest reserves Officials of the National Drug Law Enforcement Agency (NDLEA) have destroyed two thousand three hundred and seventeen bags of cannabis weighing 30,992kgs. Sixty seven bags were also transferred to Osun State Command of the NDLEA as exhibits for further investigation. The cannabis will also serve ...

  • Cynthia Uwak survives ghastly motor accident, counts blessings

    Former Super Falcons forward and two time African Women footballer of the year, Cynthia Uwak is counting her blessings after surviving a ghastly motor accident. The Akwa Ibom-born striker who currently plies her trade in Finland took to her Instagram page to share the photo of the ugly accident showing ...

  • PMB Signs 8 Bills Into Law 

    President Muhammadu Buhari has  assented to eight bills passed by the National Assembly. This was disclosed by the Special adviser on National Assembly matters (senate), Senator Ita Enang to State House Correspondents on Friday in Abuja. According to him, the different bills are on different sectors of the economy and ...

  • JUST IN: PMB Signs 8 Bills Into Law

    President Muhammadu Buhari on Friday signed eight bill sent to him by the National Assembly into law. The senior special assistant to the president on National Assembly Matters (Senate), Ita Enang made the disclosure to State House Correspondents at the Presidential Villa in Abuja. According to him, the development was ...

  • Nigeria: Total Makes U.S.$10 Billion Investments in Nigeria in 5 Years

    [Premium Times] The Managing Director, Total Exploration and Production Nigeria Limited, Nicolas Terraz, on Thursday said the company has made over $10 billion investments in the country in the last five years.

  • Nigeria: Consortium, NIPC Partner On U.S.$600 Million Renewable Energy Investment

    [Daily Trust] A new investment partnership on renewable energy, specifically solar as an alternative power source, is set to revolutionise the power sector with Nigeria as a hub.

  • CBN lifts manufacturing, power with $660m forex

    The Central Bank of Nigeria (CBN) has disbursed $660.17 million to 1,342 manufacturers, power and other real sector operators for raw materials, plants and machinery, a foreign exchange (forex) utilisation report has shown. The funds, sourced from the CBN and sold to the beneficiary customers at the official rate of ...

  • Nigeria eyes $15b scrapping JV Cash Calls

    The Federal Government  is pushing to end the era of Joint Venture (JV) Cash Calls with oil majors by next year, the Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has said. Kachikwu, who stated this while briefing State House correspondents after making a presentation to the National Economic Council ...

  • Osoba, Seriki, Obanikoro, others eulogise Gbadamosi at burial

    The cream of the society yesterday trooped to the ancient town of Ikorodu, Lagos State, for the burial of foremost industrialist and business icon, Chief Rashid Gbadamosi. The burial ceremony took place at his Kunbi Haven residence, situated on Sule Oyesola Gbadamosi Crescent, Kokoro-Abu, Ikorodu. As early as 8 a.m., ...

  • Why we bought N3.6bn exotic cars during recession –Reps

    John Ameh, Abuja The House of Representatives on Thursday defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility while carrying out oversight duties over Ministries, Departments and Agencies of the ...

  • We’ll stamp out crimes in Lagos, says Ambode

    Sesan Olufwobi Governor Akinwunmi Ambode of Lagos State on Thursday said his administration would stamp out kidnapping and violent crimes. The governor spoke at the grand finale of the 2016 Community Day celebration at the Police College, Ikeja. He said, “I urge you all to be law-abiding and be vigilant ...

  • Argentina Raises Crude Import From Nigeria

    Two tankers carrying 3 million barrels of Nigerian and Angolan crudes set sail this month to Argentina to feed its domestic refining network, pushing the country’s imports close to 2015 level, according to data from Thomson Reuters. Argentina last year received some six million barrels of imported crude, mostly African ...

  • Nigeria: Nigeria's Strong Presentation At ITU Bodes Well for Future Telecoms Investment

    [CIO] Nigeria's government and private sectors have made a pitch to foreign investors at the 2016 International Telecommunication Union conference, Telecoms World, where they presented the country's developments in Information and Communication Technology (ICT) opportunities for future investment.

  • CBN lifts manufacturing, power with $660m forex disbursements

     The Central Bank of Nigeria (CBN) has disbursed $660.17 million to 1,342 manufacturers, power and other real sector operators for the procurement of raw materials, plants and machinery, foreign exchange (forex) utilisation report by apex bank has shown. The funds, sourced from the CBN and sold to the beneficiary customers ...

  • FG to realize $15 billion investments from JV cash calls’ elimination

    The Federal Government on Thursday disclosed that it plans to end the era of joint cash calls with oil companies by next year. ‎ The move, the Government said would result in investments in excess of $15 billion by oil companies. ‎The Minister of State for Petroleum, Dr. Ibe Kachikwu briefed State ...

  • FG indicts agencies over paying salaries above RMFAC’s scale

    Olalekan Adetayo, Abuja The National Economic Council led by Vice-President Yemi Osinbajo was on Thursday told how some revenue generating agencies have been engaging in various financial irregularities. While some were accused of paying salaries above the scale approved by the Revenue Mobilisation Fiscal and Allocation Commission, others were accused ...

  • FG to settle N300bn outstanding export claims 2017

    Ifeanyi Onuba, Abuja The Federal Government on Thursday revealed that it would resume the implementation of the Export Expansion Grant next year with the settlement of outstanding claims to exporters. The EEG claims according to figures obtained from the Nigerian Export Promotion Council is worth over N300bn. The EEG is ...

  • Stop peddling speculations, Saraki tells media

    The President of the Senate, Dr. Bukola Saraki, has advised politicians and the media to stop peddling speculations about his recent visits to the Presidency. Saraki’s Special Adviser, Media and Publicity, Yusuph Olaniyonu, in Abuja on Thursday, said that politicians were linking the visits to President Muhammadu Buhari’s yet-to-be-approved $29.9bn ...

  • Total makes $10bn investments in Nigeria in five years

    The Managing Director, Total Exploration and Production, Nigeria Limited, Mr. Nicolas Terraz on Thursday said the company has made over $10bn investments in the country in the last five years. Terraz said this at the 34th Nigerian Association of Petroleum Explorationists Annual Conference Management Session -1, in Lagos. The conference ...

  • China Exim Bank to spend $1bn on Nigeria’s economic zones

    The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, said that the Export-Import Bank of China had promised to commit $1bn for Special Economic Zones in the country. Enelamah, who said this in Abuja on Thursday at a news conference, added that the ministry was facilitating the setup of ...