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Outrage as US changes internet rules •How it affects you

Outrage as US changes internet rules •How it affects you Outrage has greeted the change of internet rules by the Federal Communications Commission of the United States of America, with many critics describing it as a huge setback for the internet revolution. News Express reports that though the concerns have been largely limited to the USA, the new rules have the...... more

High tariff crashes car imports, fuels smuggling

High tariff crashes car imports, fuels smuggling A Nigerian tariff on car imports aimed at boosting local production has reduced the number of vehicles brought into the country this year by a quarter and fuelled smuggling from neighbouring Benin, the ports authority said. Car imports fell to 70,453 units in the first 10 months of this year, a...... more

MOSOP dissociates self from ultimatum on oil block

MOSOP dissociates self from ultimatum on oil block The Movement for the Survival of the Ogoni People (MOSOP) has dissociated itself from a publication entitled ‘Re: An Ultimatum for the Revocation of All Approvals Granted One Robo Michael Limited Relating to the Operation/Development of OML 11 (The Ogoni Fields) dated December 10, 2017’. According to a statement issued on...... more

Dangote refinery to create 4,000 jobs, crash prices

Dangote refinery to create 4,000 jobs, crash prices Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs. He...... more

Cybercriminals cash in on bitcoin craze

Cybercriminals cash in on bitcoin craze Bitcoin (BTC-USD) is on fire. The cryptocurrency has jumped thousands of dollars in value in the past few weeks, and everyone seems to want to get a piece of that sweet, sweet pie. Including, naturally, cybercriminals. Yes, online crooks are using every trick in the book to exploit the crypto craze....... more

Reps visits NLNG’s Bonny Plant

Reps visits NLNG’s Bonny Plant Nigeria LNG (NLNG) Limited management today received a delegation of the House of Representative (HoR)’s Committee on Gas Resources led by its Chairman, Hon Frederick Y. Agbedi. The visit provided good opportunity for the Committee to learn about the strategic business objectives and workings of the company, with a view to ...... more

Nigeria, Japan sign N642m grant aid project on economic, social development

Nigeria, Japan sign N642m grant aid project on economic, social development Nigeria and Japan on Tuesday signed a grant aid project on economic and social development worth N642 million. The amount would be provided by the Government of Japan.   The Minister of Budget and National Planning, Senator Udoma Udo Udoma signed on behalf of the Federal Government, while Japan’s Ambassador Extraordinary...... more

SPDC JV’s Afam VI power plant secures licence for another 10 years

SPDC JV’s Afam VI power plant secures licence for another 10 years The Nigeria Electricity Regulatory Commission has renewed the power generation licence for Afam VI Power Plant, a 650MW-capacity facility that has delivered over 24.16 million Megawatt-hour (MWh) of electricity into the Nigerian grid between inception in 2008 and 2016.   Afam VI is owned by The Shell Petroleum Development Company Joint...... more

FG gives expatriate staff of INTELS, 5 other firms 2 weeks to leave Nigeria •Revokes resident permit

FG gives expatriate staff of INTELS, 5 other firms 2 weeks to leave Nigeria •Revokes resident permit The Federal Government, through the Nigeria Immigration Service (NIS), has given expatriate staff of six companies operating in the country two weeks to leave after revoking their resident permit. The Comptroller-General of the NIS, Mr Muhammad Babandede, announced this in Abuja on Wednesday in a statement issued by Mr Sunday James,...... more

CBN alerts on fake website

CBN alerts on fake website The Central Bank of Nigeria (CBN) has issued a warning to alert Nigerians of a scam being perpetuated by some fraudulent persons whereby unsuspecting members of the public are diverted to a fake website purported to belong to the bank. A statement issued on Thursday by the Bank’s Acting Director, Corporate...... more

Obaseki promises to reconstruct Benin – Abraka road

Obaseki promises to reconstruct Benin – Abraka road Gov. Godwin Obaseki of Edo has promised that his administration would reconstruct the Benin – Abraka road in Orhionmwon Local Government of the state within 24 months. Obaseki made the promise at Abudu, headquarters of Orhionmwon Local Government Area of the state during his “Thank You Tour” to the Local government...... more

Africa’s biggest refinery takes shape

Africa’s biggest refinery takes shape The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as the $11 billion refinery hold the prospect of stopping of refined petroleum products by Nigeria. The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the...... more

16 American churches converted to breweries

16 American churches converted to breweries Several churches in the United States of America are closing down and are being converted to breweries, reports from the country fondly called “God’s Own Country” said. A recent article by the Associated Press spoke of at least 12 such churches, with four others about to join. It identified the Church...... more

Why we terminated Intels’ multi-million dollar contract — NPA

Why we terminated Intels’ multi-million dollar contract — NPA The Nigerian Ports Authority (NPA) has reacted to questions raised in some quarters on the threat by its erstwhile agents, Intels Nigeria Limited, to fight the recent termination of its boats pilotage monitoring and supervision agreement, stating that it acted in accordance with the constitution. In a statement issued on Friday in Lagos,...... more

Baru secures $2bn contract discounts for NNPC, recovers over $30mn trapped in Swiss Bank account

Baru secures $2bn contract discounts for NNPC, recovers over $30mn trapped in Swiss Bank account Nigeria National Petroleum Corporation (NNPC) Group Managing Director (GMD), Dr. Maikanti Baru, has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. A top aide to the NNPC boss disclosed this on Tuesday. He also disclosed that since assuming duty, Dr. Baru has secured...... more

FG cancels multi-million dollar Intels contract with NPA

FG cancels multi-million dollar Intels contract with NPA The federal government has directed the Nigerian Ports Authority (NPA) to terminate the boats pilotage monitoring and supervision agreement that the agency has with Intels Nigeria Limited, a leading integrated logistics and facilities services provider in the maritime and oil and gas logistics sectors of the country, saying that the contract...... more

NNPC: Kachikwu, Baru hold crucial meeting

NNPC: Kachikwu, Baru hold crucial meeting The Minister of State for Petroleum Resources, Dr Ibe Kachikwu and Group Managing Director of NNPC, Dr Maikanti Baru, met on Tuesday and discussed opportunities to further develop the nation’s oil and gas sector. They met in Abuja at the ongoing Nigerian Economic Summit at the Energy Policy Committee session. The...... more

Gas explosions rock Ghana

Gas explosions rock Ghana Explosions at a natural gas station in Accra rocked the Ghanaian capital on Saturday, causing a massive fire that forced residents to flee, officials said. There was no word on casualties, although the Reuters news agency cited Deputy Information Minister Kojo Oppong Nkrumah as saying some people had been killed and...... more

Chinese ambassador rates potentials of Made-in-Nigeria high

Chinese ambassador rates potentials of Made-in-Nigeria high The Ambassador of China to Nigeria, Dr Zhou Pingjian has said that the potential of “Made-in-Nigeria” products with China is huge. Zhou, who said this on Thursday in Abuja at a dinner to mark the China National Day said that China was committed to ensuring the realisation of products that are...... more

NIMASA, Interpol partner in war against maritime crimes

NIMASA, Interpol partner in war against maritime crimes The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that proper legal frame work, synergy and information sharing amongst government Agencies and Stakeholders will help curb the issues of criminalities in the nation’s territorial waterways and the Gulf of Guinea. Dr. Peterside who...... more

Glamour, excitement as MTN, TD Mobile unveil Google-backed Freetel ICE 2 Android smartphone

Glamour, excitement as MTN, TD Mobile unveil Google-backed Freetel ICE 2 Android smartphone When a revolutionary smartphone is the subject of focus, the entry has to be grand… Thursday, September 14, 2017, witnessed a night of glitz, glamour and an unveiling like no other as telecoms giant, MTN and Sub-Saharan Africa’s biggest mobile device distributor, TD Mobile, officially launched the much-anticipated Google-backed AndroidTM smartphone,...... more

UBA relishes investment in Tchad, invites potential investors

UBA relishes investment in Tchad, invites potential investors The United Bank for Africa (UBA) Plc has spoken highly of the investment potentials of the Republic of Tchad, declaring that it has no regret over its decision to set up business in the country some 10 years ago. CEO, UBA Francophone Africa, Emeke E. Iweriebor, made the declaration while speaking...... more

FG set to kick-start $5.79b Mambilla Hydro-Power project, seals deal with Chinese consortium

FG set to kick-start $5.79b Mambilla Hydro-Power project, seals deal with Chinese consortium The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, today approved $5.792 billion (about N1.140 trillion) for the construction of the Mambilla Hydro-Power project at Gembu in Taraba. It will generate 3,050 megawatts. The Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this while addressing State House...... more

BREAKING NEWS: Shake-up in NNPC; 55 management staff affected

BREAKING NEWS: Shake-up in NNPC; 55 management staff affected Fifty five management staff of the Nigerian National Petroleum Corporation, NNPC were affected today in a massive reshuffle ordered by Group Managing Director, Dr. Maikanti Baru. Baru told NNPC staff shortly before the announcement was made public that the new appointments would not only help to position the Corporation for the...... more

BREAKING: Samsung heir jailed for corruption

BREAKING: Samsung heir jailed for corruption A court in South Korea has sentenced Samsung’s billionaire heir-apparent Lee Jae-yong to five years in prison for corruption. Mr Lee was accused of bribery in a scandal that also saw the impeachment of South Korea’s former president. The case has gripped the public amid growing anger against South Korea’s biggest...... more

6 disruptive influences of artificial intelligence

6 disruptive influences of artificial intelligence The world has gone digital. In fact, we are approaching the Fourth Industrial Revolution, also described as Industry 4.0: an age in which a range of new technologies is expectedly fusing the physical, digital and biological worlds in addition to impacting all disciplines, economies and industries. This is an age marked...... more

Dangote, Niger State strike $450m sugar production jumbo deal

Dangote, Niger State strike $450m sugar production jumbo deal In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group today in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million state-of-art and fully integrated sugar complex. On completion,...... more

Hope rises for improved gas supply as Shell JV’s Gbaran-Ubie Phase 2 comes on stream

Hope rises for improved gas supply as Shell JV’s Gbaran-Ubie Phase 2 comes on stream The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture has commenced production at Gbaran-Ubie Phase 2, a key project in the Niger Delta that will help to boost gas supply to the domestic market and maintain supply to the export market. Gbaran-Ubie Phase 2 follows the success of the...... more

Senate orders arrest of CEOs of Glo, Indomie, 28 other big firms (FULL LIST)

Senate orders arrest of CEOs of Glo, Indomie, 28 other big firms (FULL LIST) The Senate has ordered the arrest of the chief executive officers of 30 companies for allegedly failing to appear before it. The companies are alleged to have been involved in the N30 trillion revenue loss believed to have been suffered by the country in its maritime sector. The companies include mobile...... more

Nigerian pirates kidnap Moroccan crew

Nigerian pirates kidnap Moroccan crew Nigerian pirates have kidnapped five crew members, three of them from Morocco, from a general cargo vessel identified as the Panama-flagged Oya 1 around 15 nautical miles south west of Bonny Island. The kidnapping, according to World Maritime News, quoting Moroccan media, occurred 31 July. The attack was confirmed by IMB...... more

 

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