Breaking NewsNigeriaOil and Gas

Scrapping of fuel subsidies to save Nigeria $5 billion

Nigeria’s government, which relies on oil for about two-thirds of its revenue, sees a silver lining to the plunge in crude prices because it will no longer have to subsidize fuel, Vice President Yemi Osinbajo said. “Lower oil prices also mean there is some advantage,” Osinbajo said in a panel …

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Federal Ministers get portfolio in Nigeria

President  Muhammadu Buhari has sworn in his Federal Ministers that will form the Federal Executive Council. Just after the swearing in, President Buhari stated that his administration would continue to implement policies that would improve the economy of the nation. He added that the Federal Government would implement policies that …

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Ambode goes tough on Traffic Offenders in Lagos

Governor Akinwunmi Ambode of Lagos State, Friday, read the riot act to commercial motorcycle operators popularly called Okada riders, commercial buses and street hawkers, saying that the state government will no longer tolerate their nefarious activities on the streets and highways which has caused untold hardship for the people of …

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AU Commission Chairperson leads delegation to 70th UN General Assembly in New York

ADDIS ABABA, Ethiopia – The African Union (AU) Commission Chairperson, Dr. Nkosazana Dlamini Zuma has arrived in New York, heading an AU Commission delegation to attend the 70th Session of the United Nations General Assembly (UNGA), which will be taking place in New York, USA, at the end of September …

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Waves of Change in Nigeria

President Muhammadu Buhari has approved the appointments of senior officials in a swift move to continue his planned reforms to address the ills of the past administration. The new appointees include; Engr. Babachir David Lawal, Secretary to the Government of the Federation, SGF, Alhaji Abba Kyari; Chief of Staff to the …

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Nigerian Oil Refineries Resume Production

Abuja (AFP) – Three of Nigeria’s four refineries have resumed production and are performing at between 60 and 80 percent of their installed capacities, state-run oil firm NNPC said Wednesday. The Nigerian National Petroleum Corporation (NNPC) said in a statement that the refineries — largely moribund for several years — have …

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Buhari Meets Obama

Nigerian President Muhammadu Buhari will meet with President Barack Obama in Washington, where they are set to discuss the fight against terrorism and boost damaged bilateral relations. Top of the agenda “will be measures to strengthen and intensify bilateral and international cooperation against terrorism in Nigeria and West Africa”, said …

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World shocked by Triple Terror attacks on same day

On June 26 three attacks took place in France, Kuwait and Tunisia. In France, a vehicle was driven into a US owned gas factory, an explosion ensued and two employees were injured. A man was beheaded. In Kuwait, ISIS has claimed responsibility for the attack on a Shia mosque that …

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