Vice President Yemi Osinbajo (right), Minister of Finance, Budget and National Planning, Zainab Ahmed, and others during the first virtual National Economic Council meeting at the Presidential Villa, Abuja…yesterday. THE Presidential Taskforce on COVID-19 (PTF) yesterday cautioned Nigerians against panic buying of Hydrxoychloroquine, insisting that health and pharmaceutical authorities have not yet certified the drug…
NATIONAL Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 percent year-on-year in April 2020. The NBS made this known in its latest CPI and Inflation Report for the month of April released on Thursday.It stated that this figure showed 0.08 per cent points higher than the rate…
The management of Ibadan Electricity Distribution Company (IBEDC) has congratulated the Muslim faithful on the completion of this year’s Ramadan fast and the celebration of Eid –El-Fitri. This was contained in a goodwill message statement by the Chief Operating Officer of the Disco, Mr John Ayodele on Friday. Ayodele urged Muslim faithful to continue to…
Total has confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced in July 2019. Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of the deal to respond to the current environment – while Petrogas is no longer part of the transaction. ‘We have…
PGS reports that the deadline for the submission of the licensing round applications for the Lebanon Second Offshore Licensing Round, initially set to 31 January 2020 and later postponed to 30 April 2020, has been extended to 1 June 2020, due to the coronavirus pandemic. Furthermore, it will be accepted to submit the applications electronically instead…
After a massive protest over the weekend by the Niger Delta youth over the sacking of over 300 workers from the host community of the Warri Refining and Petro-chemica] Company (WRPC) by the management of the company the House of Representatives has directed the Nigeria National Petroleum Corporation (NNPC) and the WRPC to reinstate these…
The Minister of Power, Engr. Sale Mamman has announced major changes in the Transmission Company of Nigeria (TCN). According to the Minister, the Managing Director of TCN Usman Gur Mohammed is to be replaced by Engr. Sule Abdulaziz “As part of continuing measures to reposition and improve the performance of the power Sector in the…
The Secretary General, the Nigerian, Mohammad Sanusi Barkindo has said that OPEC is set to further adjust the overall oil production from 9.7 million barrels per day between May and June 2020 and 7.7 million barrels per day between July to December, 2020 and then finally 5.8 million barrels per day between January to…
The Department of Petroleum Resources (DPR) and the Interior Ministry and the Nigerian Content Development and Monitoring Board (NCDMB) has kicked against the abuse of Expatriate quota by both the Multinational and indigenous oil oil companies in Nigeria. They warned Oil And Gas Companies against the abuse of its expatriate quota on manpower particularly by…
Geneva – The International Air Transport Association (IATA) revealed details of its proposed temporary layered approach to biosecurity for re-starting passenger flights amid the COVID-19 crisis. IATA has published Biosecurity for Air Transport: A Roadmap for Restarting Aviation which outlines IATA’s proposal for a layering of temporary biosecurity measures. The Roadmap aims to provide the confidence that governments…
