Sell NNPC’s Shares To Nigerians – NLC

The Nigeria Labour Congress (NLC) has  canvassed that the Nigeria National Petroleum Corporation (NNPC) should be transformed into a public liability company where every Nigerian can own shares. NLC said the House of Representatives does not seem to sufficiently capture this desire of

Imo: Jerry Deon Hails Gov. Uzodimma Over Youths Empowerment, Drums Support For Him

Prince Nwokoro Gerald, businessman and renowned educationist popularly known as Jerry Deon has extended a goodwill message to the Governor of Imo State, Senator Hope Uzodimma. Nwokoro express his support for the Governor while addressing newsmen over the achievements of Governor Uzodimma. Reeling

LEGISLATIVE FRAUD: Ohaneze Youth Council Kicks Over PIB Bill 30% Share Of Oil Exploration Funds To Northern Communities

The Ohanaeze Youth Council (OYC), the apex youth wing of Ohanaeze Ndigbo Worldwide has described the ongoing Petroleum Industry Bill (PIB) section “Frontier Exploration” as fraud and criminal act waiting to be legalized. The statement was issued by Chukwuemeka Chimerue, Special Assistant on

Senate Approves $6.1BN External Loan Request

The Senate on Wednesday approved a loan request of $6.1 billion by President Muhammadu Buhari. The $6.1 billion which is about N2.343trillion was approved following the consideration of the report of the Senate Committee on Local and Foreign Debts at plenary. Chairman of

Nigeria Can Be World’s No. 1 Oil, Gas Country — NLNG

Mr Tony Attah, the Managing Director, Nigeria Liquefied Natural Gas (NLNG) says Nigeria can become the world’s number one nation in oil and gas if deliberate actions are taken to actualise the ambition. Attah, represented by Mrs Eyono Fatayi-Williams, General Manager, External Relations,

Naira Devaluation Will Push Petrol Subsidy To N7.1b Per Day

The devaluation of the naira from N379/$ to N411/$ will push the daily subsidy on petrol to N7.1 billion as it will raise the product’s landing cost. According to an economic report released at the weekend, Managing Director, Financial Derivatives Company (FDC) Limited,

UBA Extends N178b To Businesses In Q1

United Bank for Africa gave N178 billion loans to businesses in the first quarter of this year. The bank’s loans to customers within the period rose from N2.555 trillion to N2.733 trillion. Other banks’ loan positions within the period showed that Stanbic IBTC

Why Is President Buhari Afraid Of Restructuring? I Think I Know

By Femi Orebe Winston Churchill made one of his most famous pronouncements in November 1942 when he declared as follows to the House of Commons: “I have not become the King’s First Minister in order to preside over the liquidation of the British

UNBUNDLING NIGERIA’S IMBALANCE: Southern Governors Meet Again In Lagos

By Emmanuel Oladesu, Deputy Editor The 17 Southern governors will converge in Lagos State on Monday for a follow-up meeting to the one held in Asaba, Delta State on May 11. They will be in one accord as they review the state of

Ondo Lawmakers Pass Anti-Open Grazing, Judicial Autonomy Bills

In a bid to make real the State’s total disapproval of open grazing practice, lawmakers in the Ondo State House of Assembly have passed the anti-Open Grazing bill into law. The bill, when signed into law, would help to regulate security, rearing and