The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National…
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated this in response to the query raised in the 2016 report of the Auditor General for the Federation. The Chairman…
The Department of Petroleum Resources (DPR) says it has reviewed five terms for gas development under the Production Sharing Contracts (PSC) in the Country. Mr Sarki Auwalu, the Chief Executive Officer, said this during a Public hearing at the National…
By Kayode Tokede Ecobank is implementing the Central Bank of Nigeria (CBN)’s scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter. Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi who announced this in…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange Window ( I & EFX) on Monday depreciated by 0.21 per cent to close at N411.88 against the Dollar. The local currency gained 0.34per cent and 0.61per cent against…
By Titus Atondu, Makurdi A nurse with Buruku local government area of Benue State Mrs Becky Aondozungwe Nyihemba is reported to have been burnt to ashes in her house at 3.00am by unknown persons. Nigerian NewDirect gathered that the house was…
By Kayode Tokede As the 2021 International Women’s Day (IWD21) calls on people and organisations to #choosetochallenge for a better world for women, Guaranty Trust Bank plc (GTBank) has launched an initiative, tagged #GiveHerBetaHealth, to draw attention to the need…
By Kayode Tokede The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said the new, “Naira 4 Dollar Scheme” for diaspora remittances will enhance a transparent and more flexible remittance administration. He said this in a series of…
The Independent National Electoral Commission (INEC) has directed all Resident Electoral Commissioners (RECs) to submit an inventory of all election materials under their care before March 12. INEC Chairman, Prof. Mahmood Yakubu, who gave the directive on Monday at a…
Minister of Transportation Chibuike Amaechi and his wife Dame Judith Amaechi have revalidated their membership of All Progressives Congress (APC) in Rivers. Amaechi and his wife revalidated their membership at unit 14, ward 8 in Ubima, Ikwerre Local Government Area…
