Business

President Muhammadu Buhari has removed Dr. Ibe Kachikwu as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), he has also appointed Dr Maikanti Kacalla Baru as the new GMD of the Corporation.  

The Central Bank of Nigeria, CBN, on Monday, took over the Board and management of Skye Bank Plc after the lender failed to meet the regulator’s minimum key liquidity and capital adequacy ratios. The CBN Governor, Godwin Emefiele, disclosed this at a press conference, held at the CBN’s head office in Lagos. Emefiele said the apex bank had appointed a …

The Niger Delta Avengers (NDA) on Friday commended the foreign refineries that have refused to buy Nigerian crude oil. It also disclosed that it has vandalized another oil trunk line in Bayelsa State belonging to Agip ENI.

The Federal government has directed that troops should be withdrawn from Niger Delta communities as part of efforts to find an amicable solution to the spate of pipelines vandalism in the oil producing region. The directive was given at the end of an emergency  security council meeting which took place on Tuesday with Vice President Yemi Osinbajo presiding. The meeting, …

Last week’s attacks by Niger Delta Avengers on oil pipelines belonging to Nigerian Agip Oil Company (NAOC) and Aiteo have reduced Nigeria’s daily crude oil production by 140,000 barrels The combined figure was revealed separately by spokespersons of the two companies on Sunday According to Eni, the parent company of Nigerian Agip Oil Company (NAOC),  the oil firm’s production had been cut …

Socio-Economic Rights and Accountability Project (SERAP) has “welcomed publication of the list of recovered funds by the Federal Government as a positive development towards entrenching a culture of transparency and accountability in government.”

The Joint Senate Committee on Power, Employment, Labour and Productivity Tuesday lamented the deplorable state of power supply in the country and told the Minister of Power, Works and Housing, Mr. Babatunde Fashola, to live up to his responsibility. Lamenting the state of power supply in the country, the Senate committee accused Fashola of defending what it perceived as an unjustifiable …

The winners of the 2016 Promasidor Quil Awards have emerged, The awards took place at the Sheraton Hotels and Towers, Lagos, on Friday evening

The Niger Delta Avengers on Friday claimed responsibility for the sabotage on Thurday night of NNPC Gas and Crude trunk line in Warri. The militant group has also warned Indigenous Oil Companies (IOC) and the Nigerian Military to watch out: “something big is about to happen and it will shock the whole world”.

For the second time in a month, United Kingdom and Australia on Wednesday  jointly deported 40 Nigerians for various immigration offences.