Police in Anambra State has arrested a six-man robbery gang, specialised in robbing people around Ogidi in Idemili North Local Government Area of the State. The State Police Command’s Spokesperson, DSP Toochukwu Ikenga who revealed the arrest of the gang…
Femi Adeshina, The Special Adviser on Media and Publicity to Presidential Muhammadu Buhari has given reasons why fuel subsidy cant be removed. Recall that the Minister of Finance Budget and National Planning Dr Zainab Shamsuna Ahmed has disclosed that the…
By Ibiyemi Mathew For the first time in eight months, Nigeria’s oil production rose to 1.35 million bpd. Sources in a survey conducted by Reuters said many Nigerian crude streams produced more in December as a result of improved security.…
Oil prices gained marginally as the world’s top crude oil exporter, Saudi Arabia, on Thursday, cut the prices of all its crude grades loading for Asia in February to the lowest level to regional benchmarks in over a year, as…
By Ibiyemi Mathew Sahara Group has unveiled an initiative to promote access to clean energy and environmental sustainability. The initiative named “Responsibly Sahara” seeks to enhance the organisation’s sustainability footprint across Africa, Asia, Europe, and the Middle East. According to…
By Philemon Adedeji Bearish sentiments persisted yesterday on the Nigerian Exchange Limited (NGX), ending its thirteen-day winning streak. Selloff in index heavyweight Airtel Africa (-8.26 per cent) was the major drag on the overall market. The Nigerian Exchange Limited (NGX),…
The exchange rate between the Naira and the US dollar appreciated on Thursday, trading at an average of N730/$1 at the black market, an improvement of 0.82 per cent from N736/$1 that was recorded in the last three trading days.…
By Philemon Adedeji The Nigeria’s largest foam manufacturers, producing both flexible and rigid polyurethane products, Vitafoam Nigeria plc has reported its audited financial results for the period ended December 29, 2022, reporting Profit Before Tax (PBT) of N7.214 billion in…
By Seun Ibiyemi Federal Operations Unit, Zone A, of the Nigeria Customs Service (NCS), on Thursday, said it intercepted 656,414 litres of Premium Motor Spirit (PMS), also known as petrol and others goods worth N13.9billon in the year 2020. In a…
The Chief Executive Officer, Electricity Distribution Company (EKEDC), Dr Tinuade Sanda, says the company has earmaked N18 billion for capital expenditure for the year. Sanda said this at a news conference on Thursday in Lagos. She said the company would…
