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External reserves drop to $26.42b

  The Central Bank of Nigeria statistics Nigeria’s external reserves has  fallen by 2.65 per cent to $26.42bn. The reserves stood at $27.15bn a month ago. The foreign exchange reserves have dropped by over 10 per cent from last year when they

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NNPC owes JV partners $7b, says NAPIMS

International Oil Companies (IOCs) in the Joint Ventures production are being owed $7 billion by the Nigerian National Petroleum Corporation (NNPC), the upstream investment arm of the state oil firm, Petroleum Investment Management Services (NAPIMS), has said.   NAPIMS Group

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WHO declares Guinea free of Ebola Virus

The Ebola outbreak in Guinea is over, the World Health Organisation (WHO) said on Wednesday, the second time the West African nation has been declared free of the virus. It has been six weeks since the last confirmed Ebola patient

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Reps Remove Presidential Powers Over CCT/CCB

Nigeria’s House of Representatives has considered and passed an amendment to the Code of Conduct Bureau and Tribunal Act. The Act makes it mandatory for the bureau to ensure that anyone who is deemed to have breached the provision of

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Reps Begin Probe Of Controversial Abuja Land Swap Deal

  Members of the House of Representatives have started an investigative hearing into the Land Swap Scheme of Nigeria’s Federal Capital Territory Administration (FCTA). The investigation, being conducted by the House Committee on the Federal Capital Territory, is to address

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Israel frees Jewish extremist from 10 months of internment

  Israel released a Jewish extremist from 10 months of detention without trial today, the longest a Jew has ever been held under the controversial powers usually reserved for Palestinians.  Meir Ettinger, 24, was one of a number of Jewish

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Niger Delta Avengers blow up Chevron oil wells again

The Niger Delta Avengers in the early hours of Wednesday broke through the heavy military presence in the Niger Delta region, blowing up two vital Chevron oil wells in Warri North Local Government Area of Delta State. It was learnt that

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Onu to represent Nigeria at OIC Assembly

The Minister of Science and Technology, Dr. Ogbonnaya Onu is presently representing Nigeria at the General Assembly of the Fifteenth Session of the Committee on Science and Technology, COSTECH, of the Organization of Islamic Cooperation (OIC) holding in Islamabad, Pakistan.

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Buhari to flag off Ogoni land clean up tomorrow

As President Muhammadu Buhari flags off the cleanup of the Niger Delta on Thursday (tomorrow), beginning from Ogoniland in Rivers State, the Federal Government has assured Nigerians that the exercise will not stop until it is completed. It stated that

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FG to establish national shipping line – Amaechi

Minister of Transportation, Mr. Rotimi Amaechi, has said that the Federal Government is working on  the establishment of a national shipping line to ensure the maximum exploitation of the potential of the maritime industry. The minister said this in a

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