Real reason FG is rushing to clear fuel queues - OPEC Scribe is visiting Nigeria on Monday The secretary general of the Organization of the Petroleum Exporting Countries (OPEC), Mahammed Barkindo, will be visiting Nigeria, the minister of state of petroleum Ibe Kachikwu has said. Barkindo will be leading other global oil and gas industry leaders to participate in the Nigeria International Petroleum Summit (NIPS). Speaking at a...... read more
Unending fuel scarcity: Kachikwu 'wakes up from slumber', gives NNPC marching order The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday directed the Nigerian National Petroleum Corporation (NNPC) to ensure that petrol queues were cleared in Abuja before Sunday. Kachikwu gave the directive at a news conference to intimate journalists on the upcoming international oil and gas conference and exhibition...... read more
Fuel scarcity, high price worsens inflation in January as Osun, Abia, Benue get worse rating The National Bureau of State (NBS) said residents of Osun, Abia and Benue paid the highest average price for purchase of Premium Motor Spirit (PMS) popularly known as petrol in January. The NBS stated this in “Premium Motor Spirit (Petrol) Price Watch for January 2018’’ posted on its website. The bureau...... read more
Passengers escape death as Delta Airline breaks down while on air A tragedy was averted in the early hours of Wednesday when a Delta Airline which took of from the international wing of the Murtala Muhammed Airport developed an engine problem about one hour after take off. The aircraft, an Airbus 330-200 with over 200 passengers onboard was heading to Atlanta, the United States...... read more
Innoson: I’m not afraid of EFCC, GTB conspiracy to destroy me *I believe in due process Chairman of Innoson Group, Chief Dr innocent Chukwuma, says he is unfazed by the concerted efforts to intimidate him, using the courts. Chukwuma, whose company is the first private vehicle manufacturer in Nigeria, said, on Friday, that as a law abiding citizen, he was not afraid of arraignment in the court...... read more
BREAKING: Lagos judge orders arrest, detention of Innoson's boss, Chukwuma It is another set of travails for the Chairman and Chief Executive Officer (CEO) of Innoson Vehicle Manufacturer (IVM), Chief Innocent Chukwuma, as a Lagos High Court, on Friday, ordered his arrest and detention. The court sitting in the Ikeja and presided ove by Justice Mojisola Dada, gave the order against,...... read more
BREAKING: S’African-born Chinese billionaire buys Los Angeles Times for $500million Billionaire physician and investor Patrick Soon-Shiong who was born in South Africa to Chinese parents agreed on Wednesday to buy the Los Angeles Times, in a move aimed at reviving the fortunes of the newspaper amid recent turmoil. Publishing group Tronc Inc. said it reached a deal to sell the LA Times and San Diego Union-Tribune...... read more
BREAKING: Abuja runway reopens 30 minutes after 'skid scare' The Federal Airports Authority of Nigeria (FAAN) has reopened  the runway of the Nnamdi Azikiwe International Airport, Abuja. This was made known via their twitter handle where they notified Passengers that situation that led a private jet to skid off runway has been ratified. The full release... read more
BREAKING: Private jet skids off, FAAN shuts down Abuja runway The Federal Airports Authority of Nigeria (FAAN) has closed the runway of the Nnamdi Azikiwe International Airport, Abuja. The runway will be closed for 30 minutes, according to FAAN. “This is to enable the Authority take safety precautions, as a private jet being operated by Nest Oil has just skidded off...... read more
Fuel Scarcity: Senate serves NNPC one week ultimatum The Senate, on Thursday, issued a seven-day ultimatum to the Federal Government and the Nigerian National Petroleum Corporation (NNPC) to, within one week, end queues in fuel stations across the country. The resolution followed the unanimous adoption of an interim report of the joint committee on Petroleum Resources over the lingering...... read more
Lagos Governor moves to clamp down on NURTW Lagos state governor, Akinwunmi Ambode has threatened to ban the activities of the National Union of Road Transport Workers (NURTW) in the state if the union's leaders fail to stop the violent activities of their members.  At the end of the security council meeting in Lagos, the state government ordered the...... read more
Access Bank to pay N200million to media firm over unlawful account freeze Access Bank PLC, may be coughing out a whopping N200million in penalty to an Abuja-based media firm, Image Merchants Promotion Limited and its promoter, Mallam Yushau Shuaib. if the legal suit slammed on it by the two succeeds in court The bank is facing the challange over an alleged unlawful freezing...... read more
Nigerian bank approves paternity leave for Fathers Access Bank Plc has asked its male employees to take advantage of its paternity leave policy approved in January. In a statement on Wednesday, the bank said the policy would foster an inclusive workplace. It also said that the policy offered paid leave to all new parents at the bank, including...... read more
Fibre optic agreement: We're not owing FG, Dangote subsidiary Alheri Engineering Company Limited, a subsidiary of Dangote Group, has denied owing the Federal Government $75.5million (about N27.18billion) over fibre optic agreement. The company, in a statement by its Director, Legal and Regulatory Services Azeez Adebayo. described the accusation levied against it by the government, as wrong and misrepresentation of facts. “It is...... read more
Court fires 9mobile interim board as Spectrum warns Buyers The Federal High Court, Ikoyi has nullified the Ex-Parte Order earlier issued on 3rd July 2017 approving the appointment of an Interim Board for Emerging Markets Telecommunications Service (EMTS), the fourth largest telecommunications  service operator in Nigeria. The nullification follows dismissal by Justice Ibrahim Buba of the Federal High Court, the...... read more
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