By Lucy Ogalue The African Development Bank (AfDB) has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank announced this in a statement issued on its website late Thursday. According to the statement, the loan will enable Indorama to increase its fertiliserContinue Reading
By Emmanuella Anokam The Petroleum Technology Development Fund (PTDF) says it has upgraded facilities in petroleum based departments of various universities to meet the training needs of energy and related industries in Nigeria. The Fund also established two foremost centres of excellence at the Centre for Petroleum and Energy StudiesContinue Reading
By Auwalu Birnin Kudu The Adamawa Police Command says the restriction on motorcycles movement in some parts of Yola North and South local government areas still subsists and violators will be sanctioned. This is contained in a statement signed by the spokesperson of the command, SP Suleiman Nguroje and madeContinue Reading
By Victor Okoye The Nigeria Olympic Committee (NOC) through its Women Commission, has urged women to be more involved in sports and other walks of life to inspire the next generation leaders. The News Agency of Nigeria (NAN) reports that this was the message at the body’s celebration of theContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.), has underscored the need of bridging the energy access gap to spur economic prosperity of the country. The Group Chief Executive Officer (GCEO) of NNPC Ltd., Malam Mele Kyari, stated this at the Society of Petroleum Engineers Oloibiri LectureContinue Reading
By Emmanuella Anokam The Federal Government says addressing the underlying socio-economic causes of insecurity, such as poverty and unemployment, is crucial to achieving lasting stability in the energy sector. Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), said this at the Oloibiri Lecture Series and Energy Forum 2024 (OLEF),Continue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion and those withContinue Reading
By Edith Nwapi Justice Abubakar Kutigi of a High Court of the Federal Capital Territory (FCT), on Thursday discharged former Attorney-General of the Federation (AGF), Mohammed Bello Adoke, SAN, and six others. They were charged with legations of committing infractions relating to the controversial Oil Prospecting Licence (OPL) 245, otherwiseContinue Reading
By Rukayat Adeyemi Shareholders of Africa Prudential Plc., on Thursday unanimously approved a total dividend of N900 million declared by the company for the financial year ended Dec. 31, 2023. They gave their approval at the company’s 11th Annual General Meeting (AGM) in Lagos. The News Agency of Nigeria (NAN)Continue Reading
By Millicent Ifeanyichukwu/Bolu Akindoyin A Lagos lawmaker, Mr Ademola Shabi, has flagged off construction work on Abudu Street, Abule-Oja, Yaba under Lagos Mainland Local Government, to ease the plights of residents and motorists in the area. Shabi, representing Lagos Mainland Constituency II in the Lagos State House of Assembly, saidContinue Reading
