The people of Ndegwu in Owerri West LGA of Imo State have been thrown into shock and mourning following the horrendous lightning that struck and allegedly killed two persons and injured four others on Monday evening during heavy rainfall. The…
THE Independent Petroleum Marketers Association of Nigeria has called on Nigerians to exercise patience as effort is being made to address the current fuel scarcity occasioned by the flooding which led to the destruction of some major roads in some…
NIGERIAN Exchange Group (NGX Group) Plc, has appointed Alhaji (Dr) Umaru Kwairanga as the new chairman of the board of the Group. Prior to Kwairanga’s appointment as the substantive chairman, Mr Ikpobe Apollos, a non-executive director of NGX Group was…
Indigenous oil and gas firm Eroton Exploration & Production Company Limited has confirmed an uncontrolled flow of hydrocarbons with wildfire into the environment. The company blamed vandals and bunkeres for the incident. The incident occurred in wells AKOS004L/S and AKOS014L/S…
THE Nigerian National Petroleum Company Limited (NNPCL) has acquired all 380 Oando retail outlets, aviation and gas brands nationwide from OVH Energy. Speaking at the unveiling of one of the new NNPC Ltd stations formerly Oando in Abuja on Saturday,…
THE dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the…
THE Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which is the benchmark interest rate, to 15.5 percent from 14 percent on Tuesday. Nigeria’s central bank also raise cash reserve ratio (CRR) from 27.5 percent to 32.5…
NIGERIA’s growing public debt crisis, with the palpable fear of a possible debt default, is a huge task waiting for the next government as political parties and their presidential candidates get set to kick off campaigns for the 2023 presidential…
THE naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged on Thursday.…
Some Nigerians have kicked against the proposed plan by the Federal Government to ban the consumption of cooked cow skin, popularly known as ponmo. Recall that the Director General of the Nigerian Institute of Leather and Science Technology, Zaria, Prof. Muhammad…
