Oil prices jump as OPEC+ agrees to stick to planned output
Oil prices jumped Wednesday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to stick to its planned oil output. Brent crude rose 1.03 percent to $90.19 a barrel just after OPEC announced the modest production hike U.S. West Texas Intermediate (WTI) crude futures also increased […]
You’ll experience peace in coming months, Buhari assures north-east residents
President Muhammadu Buhari says north-east residents will soon experience a shift from insurgency to peace and stability. Buhari gave the assurance on Wednesday during the inauguration of the presidential committee on the repatriation, return and resettlement of internally displaced persons (IDPs) in the zone. The inauguration of the presidential committee preceded the […]
Senate confirms INEC commissioner nominee accused of being an APC member
The senate has confirmed Rhoda Gumus as a national commissioner (south-south) of the Independent National Electoral Commission (INEC). Gumus, a nominee from Bayelsa state, is said to be a member of the All Progressives Congress (APC). Human Rights Writers Association of Nigeria (HURIWA), a civil society organisation (CSO), had petitioned Senate President […]
‘Passengers to show 48-hour negative COVID test’ — Emirates resumes Nigerian operations Feb 5
Emirates Airline, the flag carrier of the United Arab Emirates (UAE), says it will resume passenger flight operations between Dubai and Nigeria on Saturday, February 5, 2022. The development comes a day after the federal government approved the resumption of flights between the two countries. In a statement on Wednesday, the airline […]
FG: Emirates Airline can now operate 21 flights per week
The federal government says it has reinstated Emirates Airlines winter schedule with immediate effect. Emirates is the largest airline and one of two flag carriers of the United Arab Emirates (UAE) — the other is Etihad Airways. In December 2021, the Nigerian Civil Aviation Authority (NCAA) reduced Emirates Airlines’ […]
Sylva: Nigeria’s daily petrol consumption figures are crazy… we need to end subsidy
Timipre Sylva, the minister of petroleum resources, says Nigeria needs to move away from the petrol subsidy regime to end its ‘opaqueness’. Sylva added that Nigeria’s daily petrol consumption figures are ‘crazy’. The minister, who appeared on the Nigerian Television Authority (NTA) on Tuesday, noted that “there is nothing on the subsidy […]
All retail investors ‘will get their MTN shares’ on Feb 18
All 126,720 retail investors who bought from the December 2021 public offer of MTN shares will get their share on February 18, 2021, TheCable has learnt. In December 2021, MTN had promised one free share for every 20 shares bought — with maximum free shares of 250 per investor. The company has […]
MAN IN THE NEWS: Okorocha, the captain of ‘iberiberism’, juggles presidential bid and fraud charges
Rochas Okorocha is getting media attention. Not only the gleeful basking that comes with positive coverage that he had expected when he styled himself “Captain Rochas” who is ready to be the “pilot for a new Nigeria” as he formally declared his presidential ambition on Monday. But also scalding reportage scrutinising his alleged involvement […]
No one is more qualified than me to be president, says Wike
Nyesom Wike, governor of Rivers, says he does not think anyone is more qualified than him to be president in 2023. Wike said this on Tuesday in an interview with Channels Television. With just months to the 2023 presidential election, there have been speculations and permutations on who will become Nigeria’s next […]
Reps ask customs to pay N360m compensation over extrajudicial killings
The house of representatives has asked the Nigerian Customs Service (NCS) to pay the sum of N360 million to families of persons killed by its officers in Oyo and Katsina states. The lower legislative chamber passed the resolution on Tuesday following the adoption of an investigative report presented by Leke Abejide, chairman […]