May 9, 2021
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November 16, 2019

Savannah Petroleum Completes Seven Energy Acquisition In Nigeria

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Savannah Petroleum has concluded its purchase of Nigerian oil and gas company Seven Energy International, it said in a statement. The conclusion of the deal, first announced in 2017, followed a court hearing earlier this week where administrators appointed to Seven Energy and effected the transfer of assets. The acquisition is a significant boost...

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November 14, 2019

Nigeria Proposing Infrastructural Sharing For Telecoms Industry

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Telecommunications operators in the country may embrace the option of facility sharing to boost efficiency and save costs. The proposal is being promoted by the industry regulator to reduce infrastructure deficiency in the country. The proposal, which is being worked out by the government will see the industry regulator on behalf the government some...

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November 8, 2019

Lagos To Spend N1.2 Trn on Infrastructures and Recurrent In 2020

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Lagos Governor, Babajide Sanwo-Olu on Friday presented a total budget of N1.16 trillion for 2020 fiscal year to the state House of Assembly. The budget, according to the governor will be funded from a projected internally generated revenue (IGR) of N1.071 trillion, while the deficit component stood at A breakdown of the budget titled,...

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November 6, 2019

Nigeria Loses $41.9 Bln To Crude oil Theft In 10 Years – NEITI

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The Nigeria Extractive Industries Transparency Initiative (NEITI) said that the country lost $41.9 billion to stolen and refined crude oil products in ten years. NEITI disclosed this in its policy brief titled, “Stemming the Increasing Cost of Oil Theft to Nigeria” released in Abuja on Wednesday. A breakdown shows that the nation lost $38.5...

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November 6, 2019

NCC, Telecoms Firms Get One Week Ultimatum To Crash Data Price

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Nigeria has directed its telecoms regulatory body and industry operators to work out modalities to crash the cost of mobile data for consumers, and they both have one week to carry out the assignment. According to the Minister of Communications and Digital Economy, Isa Ali Pantami on Tuesday, the Nigerian Communications Commission (NCC) must...

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November 5, 2019

How Abba Kyari Manipulated Buhari To Act Against Osinbajo

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PREMIUM TIMES EXCLUSIVE When Vice-President Yemi Osinbajo wrote to President Muhammadu Buhari seeking approval for funds to continue his role in resolving the deadly farmers-herdsmen conflict earlier this year, he did so with little awareness that a middleman would intercept it, moderate it and ultimately discard his role altogether. Yet, that was exactly what...

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November 5, 2019

How Nigeria’s Diversifying Economy To Reduce Dependence On Oil ~ Osinbajo

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Nigeria is currently making efforts to diversify its economy, focusing mainly on the agriculture, mining, solid minerals and manufacturing sectors, West Africa’s country’s Vice President Yemi Osinbajo has said. Osinbajo stated this on Tuesday when he received the Nicaraguan Minister of Foreign Affairs, Denis Moncada Colindres, and the Nicaraguan Minister for Special Delegation of...

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