The international oil benchmark, Brent crude, dropped sharply on Tuesday, following Monday’s surge that sent shock waves around the world. Brent, against which Nigeria’s crude oil is price, surged by nearly 20 per cent on Monday after attacks on Saudi Arabia’s oil infrastructure cut more than half of the country’s production. It rose as much…
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The Central Bank of Nigeria on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that implementation of the policy would signal the imposition of charges on deposits in addition to…
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President Muhammadu Buhari has approved the re-appointment of Mr Segun Adeyemi and Mr Williams Adeleye as his Special Assistants (Media) attached to the Office of the Minister of Information and Culture. Mr Joe Mutah, the Chief Press Secretary to information and culture minister, Alhaji Lai Mohammed disclosed this in a statement issued in Abuja on…
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Chairman of the All Progressives Congress (APC) Caretaker Committee in Rivers State Isaac Ogbobula has said the planned ward, local government and state congresses have been put on hold. Ogbobula, however, said other activities would go on. The National Working Committee (NWC) last week scheduled fresh congresses for September 17 to 28. It also inaugurated…
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A former Political Adviser to Comrade Adams Oshiomhole, Mr. Charles Idahosa, has said that Governor Godwin Obaseki would win re-election in 2020 even without the support of Oshiomhole. Idahosa said Governor Obaseki has won the heart of the people through infrastructural projects that cut across the state and bringing sanity to governance. Speaking in a…
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The National Industrial Court, Abuja, on Tuesday affirmed that the removal of Mrs Patience Odumu-Ojobi, an Assistant Chief Accountant with Federal Capital Territory ( FCT) Water board, was lawful. Odumu-Ojobi, in her complaint, said she was removed by her employer because she was standing trial with her husband in a Federal High Court,Abuja, on criminal…
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Samsung Heavy Industries Nigeria (SHIN), the leading operator of the SHI-MCI fabrication and integration yard, has been nominated for an impressive count of four awards at the prestigious Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa. SHIN is the only nominee to be listed for four individual awards as an entrant from Africa, underlining…
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THE Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has deployed high definition (HD) cameras for quick detection and response to crude oil spills from its facilities. The cameras will also help in tracking pipeline vandalism and crude theft from SPDC joint venture assets. The General Manager, External Relations, SPDC, Igo Weli, disclosed…
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THE National Pension Commission (PenCom) on Monday said N16 billion unremitted pension contributions have been recovered from various employers of labour in the last seven years. The Commission also said pension assets have risen to N9.33 trillion as at the end of June 2019, as a total number of 8.72 contributors are registered with the…
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The Securities and Exchange Commission has assured investors that it would investigate suspicious transactions not allowed in the capital market. The acting Director-General, SEC, Ms Mary Uduk, urged market operators to make use of the commission’s whistle blowing policy and report any such infractions for immediate actions. Uduk, who was reacting to questions during the…
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