The Nigerian National Petroleum Company Limited (NNPC) says it will ensure the provision of petroleum products to the federal government. Mele Kyari, group managing director, NNPC, said this during a pre-recorded interview with Channels Television on Sunday ahead of Tuesday’s unveiling of NNPC Limited as a commercial entity. In September 2021, the Corporate Affairs […]
Oil marketers yesterday unilaterally raised the pump price of petrol from N165 per litre to N185 in disregard to the Federal Government approved pump price of N165 per litre. The hike which came a day after Major Oil Marketers Association of Nigeria, MOMAN, said the current price was no longer realistic saw the disappearance […]
The Chinese community in Nigeria congratulating Air Peace on the inaugural flight ceremony from Lagos to Guangzhou, China at the Murtala Muhammed International Airport, Ikeja, Lagos on Wednesday. Photo Lamidi Bamidele By Prince Okafor Barely eight years into commercial operation of aircraft in Nigeria, Air Peace has expanded its network to Asia with the […]
The Appeal Court sitting in Port Harcourt, Rivers State, has ordered MultiChoice to sub-license some of its channels to Metro-digital in line with the code of the Nigerian Broadcasting Commission (NBC). Delivering his judgement on Wednesday, Justice Olabode Adegbehingbe, dismissed the ruling of the lower court, which dismissed the suit of the Appellant, […]
The chairman of Human Rights Liberty Access and Peace Defenders Foundation (HURIDE), Dede Uzor A. Uzor, has asked the Federal Government to moderate the excessive exploitation of NIgerians by Electricity Distribution Companies (DISCOs) by breaking their monopolies or outrightly revoke their licenses. Dede Uzor who is also the South East chairman of Campaign for […]
Directors of 10 banks collected N6.96bn sitting allowance and compensation in 2021, according to an analysis of the lenders’ financial results. The amount represents an increase of 3.32 per cent from N6.74bn the directors received in 2020. The 10 banks are: United Bank for Africa Plc, Zenith Bank Plc, FBN Holdings and Guaranty Trust […]
Social media network company, Twitter, has hired an elite law firm Wachtell, Lipton, Rosen & Katz to take a legal action against the world’s richest man, Elon Musk. Twitter’s preparation to sue Musk was based on his move to terminate his $44 billion acquisition of the social media company. According to Financial Times, the […]
Some filling stations sold premium motor spirit (PMS), also known as petrol, for as high as N220 a litre in Lagos and N235 a litre in Abuja on Monday, according to checks by TheCable. Despite displaying the N165 a litre on their pumps, TheCable noticed that some filling stations sold the product above the […]
The Central African Republic (CAR) says it is planning to launch its own national digital currency called ‘Sango Coin’. CAR President Faustin-Archange Touadéra announced this during the Sango Genesis Event, a recent virtual event launching the country’s crypto hub initiative. The development comes two months after the country became the first in Africa to […]
The Minister of State for Petroleum, Timipre Sylva, on Wednesday, absolved the Federal Government of any blame for the fuel queues in the nation’s capital, saying that marketers are responsible. Sylva, who addressed State House correspondents after the weekly Federal Executive Council meeting, said the NNPC is in very good supply of the product. […]
