Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
Africa’s richest man, Aliko Dangote has projected an exponential growth in the revenue of his conglomerate from the present $4billion yearly to $30 billion in 2021. The projected revenue is 88 per cent of Nigeria’s 2020 national budget of $34.72billion or N10.59 trillion. Dangote gave the cheering news to the minister of finance, budget and […]
In spite of the clean bill of prosperity in the economy, Nigeria is seeking the approval of the National Assembly to obtain external loan of $29.96 billion for the implementation of 39 key infrastructure embarked upon from 2016 to 2018.President Muhammadu Buhari, who had reported that economy was gathering momentum, addressed the loan request letters […]
President Muhammadu Buhari has described the death of retired Deputy Inspector General of Police, Muhammadu Danmadami as a great loss to the country. The president made his feelings known in a condolence message issued by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu in Abuja. While condoling with the family and friends […]
The Centre for Democracy and Development, CDD, has pointed out how President Muhammadu Buhari-led Federal Government can improve on its economic policies. CDD stated that Buhari government needs to increase capital investments and reforms in the power sector, while Nigeria needs to focus on increasing production in the oil sector. It stated this in an […]
The police have dispersed a procession of members of the banned Islamic Movement of Nigeria who trooped out to call for the release of their leader, Ibrahim El-Zakzaky. The protest started on Sultan Abubakar Way, Abuja, at about 1:55 p.m. Friday. The protesters in their numbers hoisted two flags, one red and the other black, […]
President Muhammadu Buhari Monday in Abuja declared open the 25th Nigerian Economic Summit (NES25) with a charge to public and private sector leaders to look inward to solve the unique challenges confronting the nation’s socio-economic development. President Buhari also pledged that his administration will continue to collaborate with the private sector in designing and implementing […]
Nigeria will require anyone moving through three northeastern states to carry identification cards in an effort to root out members of Boko Haram and Islamic State, the army said on Sunday. The new requirement follows credible information that members of the two militant groups were hiding among civilians in the towns and villages of the […]
The World Bank says it is in talks with the Nigerian government for a $2.5 billion loan to resolve the problems of the country’s power sector. World Bank’s Vice President for Africa, Hafez Ghanem said this while addressing journalists in Abuja, Bloomberg reported on Wednesday. “We’re talking about a new set of programmes of about […]
Home-based Eagles depart Abuja for Lome ahead of the 2020 African Nations Championship (Chan) qualifying match against Togo at the Stade de Kegue as from 4 pm on Sunday. Coach Imama Amapakabo has named Akwa United striker Mfon Udoh and Super Eagles goalkeeper Ikechukwu Ezenwa plus 18 others for the clash with 16 of the […]
The ongoing yellow fever outbreak in Bauchi State has killed no fewer than 23 persons, infected 169 others and spread to Borno, Kano, Gombe, and Katsina. The Nigeria Centre for Disease Control (NCDC) on Sunday in a situation report of a cluster of the ailment said the nation was responding well to the challenge posed […]
The presidency on Saturday reacted to what it called a twisted story with malicious intent published with the front page headline, “Tribunal: Buhari retracts, confesses he was under tension.” Femi Adesina, Special Adviser to the President on Media and Publicity, fired back in a statement on Saturday. It said the news story was derived from […]
National Chairman of the Peoples Democratic Party (PDP), Chief Uche Secondus has asked journalists and other vocal Nigerians to rise and challenge the “anti-people” tendencies of President Muhammadu Buhari. Secondus, who addressed newsmen at the Adamawa State Government House in Yola in the course of a visit to Governor Ahmadu Fintiri on Tuesday, also charged […]
The British Government has said Nigerians will gain from Brexit as it was an opportunity of opening its relationship with the rest of the world. The British Deputy High Commissioner to Nigeria, Ms Gill Atkinson gave the advice when she paid a courtesy visit to the Deputy Speaker of the House of Representatives, Rep. Idris […]
The United States has said it may extend its visa restrictions to the family members of individuals, especially politicians believed to have undermined democracy in Nigeria during the 2019 general elections. The US Department of State had in a statement on Tuesday announced visa restrictions as consequences for persons believed to be responsible for election-related […]
President Muhammadu Buhari on Friday in Monrovia, Liberia, received the country’s highest award, and expressed his resolve to continue to strengthen cooperation within the West African sub region. Malam Garba Shehu, the President’s spokesman, who confirmed this development in a statement in Abuja, said the president was honoured during the 172nd independence anniversary of the […]
Students of Osun State University, Osogbo main campus are protesting the arrest of several students from their various hostels on Thursday morning. A student of the institution, Tayo Mosadope, told our correspondent that armed security operatives stormed some hostels in Oke Baale area of Osogbo around 7:00 a.m. Mosadope said, “The security men that came […]
The fading facades of century-old buildings in a neighborhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook Inc. and Alphabet Inc.’s Google. The Yaba area, home to the Yaba College of Technology and the University of Lagos, is an emerging technology ecosystem — from fewer than […]
