Vitol, Commodities trader has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push for […]
Read MoreNigeria Senate is seeking the allocation of 20 percent of the country’s annual budget to constituency projects of its members, a new Bill to that effect passed second reading on Wednesday in the Senate. The bill, sponsored by Senator Stella Odua from Anambra State, is making provision to the effect that 20 percent of the […]
Read MoreNigeria has ordered investigations into the invasion of a federal high court in Abuja last Friday by the operatives of the Department of State Service (DSS), the country’s Attorney-General has revealed. Abubakar Malami spoke after paying a courtesy visit to the Chief Judge of the Federal High Court, Justice John Tsoho. The DSS had in […]
Read MoreThe Governor of Imo State Emeka Ihedioha, and his Kano State counterpart, Abdullahi Umar Ganduje won Nigerian Infrastructural Development Awards (NIDA) for 2019. Ihedioha was adjudged the Best Governor in Innovative Infrastructure Solutions while Ganduje took home the Best Infrastructure Governor of the Year (North West) The recognition came at the 2019 NIDA which held […]
Read MoreNigeria sold a total of N45 billion worth in short-dated Treasury Bills across the tenor on Wednesday at an auction where demand was higher than the amount offered. The Central Bank of Nigeria (CBN) on behalf of the Debt Management Office (DMO) sold N1.8 billion worth of 91-day paper, N4.5 billion of the six months […]
Read MoreCommittee to Protect Journalists (CPJ) has named Agba Jalingo as the only Journalist behind bars for his work in Nigeria but says the detention of Omoyele Sowore is symptomatic of Nigeria’s wider crackdowns on freedom of expression, upon which press freedom also depends. In its latest Prison census report for 2019, CPJ said for the […]
Read MoreFlying in and out of Beijing may soon be a Minority Report-like experience. From the ticket turnstiles at the train station to getting through customs and even buying a duty-free bottle of wine, facial recognition scanners are everywhere at the city’s newest airfield: the sprawling, starfish-shaped Beijing Daxing International Airport. The technology, which links a […]
Read MoreLagos state government plans to construct a 6,000 capacity trailer park as part of moves to decongest traffic along roads leading to the port city of Apapa. State Governor Babajide Sanwo-Olu made this known in a series of tweets on Wednesday, saying construction work on the park will start soon. “On the decongestion of Apapa, […]
Read MoreBy United Capital Plc Recently, Nigerian President, Muhammadu Buhari, approved the Financial Transparency Policy, aimed at reporting financial transactions and performance of all government bodies on a single platform, known as the Open Treasury Portal. As such, the general public will have access to periodic reports from Ministries, Departments and Agencies (MDAs), as well as […]
Read MoreAisha Buhari, wife of Nigeria President Mohammadu Buhari has accused a close relative of the president and his spokesman of hijacking the presidency and causing disaffection within the first family. The First Lady in a statement she signed and sent to Daily Trust newspaper, accused Mamman Daura of issuing a directive to a presidential spokesperson, […]
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