Crude oil prices continue to slip as the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that OPEC+ will proceed with a planned oil output increase in April. Brent futures fell $1.19, or 1.6 per cent,
The Transmission Company of Nigeria has announced an increase in power generation to 5,801.84 megawatts. A statement signed by its management on Wednesday said the feat is yet another milestone in peak generation, and maximum daily energy ever attained in Nigeria’s power sector. “(TCN) is pleased to announce that the nation’s power sector has achieved
Nigeria is pumping 70,000 barrels per day above its OPEC+ target, according to a survey by Reuters. According to the survey, Organization of the Petroleum Exporting Countries oil output rose in February, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output above its target within the wider
The world’s health systems will come under crippling pressure, the researchers warned, with around a quarter of the world’s obese expected to be aged over 65 by that time. Nearly 60 percent of all adults and a third of all children in the world will be overweight or obese by 2050 unless governments take action,
The Federal Ministry of Youth Development, the Niger State Government, and the National Agricultural Land Development Authority (NALDA) have signed a Memorandum of Understanding (MoU) to engage 100,000 Nigerian youths in agriculture. The agreement, aimed at bolstering food security and job creation, was signed today at the Council Chamber of the Government House in Minna,
Barcelona ground out a 1-0 win at Benfica in the first leg of their Champions League last-16 tie on Wednesday. Raphinha’s left-footed strike from outside the box on 61 minutes gave the 10-man Catalans a slender advantage going into next week’s return fixture, after teenage centre-half Pau Cubarsi was sent off in the first period
A Federal High Court in Abuja has heard that former Minister of Power, Saleh Mamman, allegedly paid the dollar equivalent of N200 million in cash for a five-bedroom property in Wuse, Abuja. The revelation came during Mamman’s ongoing trial, where he faces charges of money laundering amounting to N33.8 billion. Mohammed Ashelk Jidda, the 14th
Pinnah Foods Limited, the parent company of The Ice Cream Factory and Yin Yang Express, has announced a strategic partnership with The Destiny Trust Children Foundation to support the education, shelter, and empowerment of vulnerable children in Nigeria. At a formal signing of a Memorandum of Understanding ceremony held recently at Pinnah Foods’ head office
President Bola Tinubu has appointed Adeladan Olarinre and Mukhtar Muhammed as permanent secretaries in the Federal Civil Service. The Director of Information and Public Relations, Office of the Head of the Civil Service of the Federation, Eno Olotu, announced the appointments in a statement on Wednesday in Abuja. Olarinre will represent Oyo State, while Muhammed
A Virgin Atlantic Airways passenger, Ahmed Rabiu, has told a Federal High Court in Lagos that Virgin Atlantic Airways has neither compensated him for his lost luggage nor replaced it, contrary to the airline’s claims. Rabiu, who made the claims in his response to Virgin Atlantic Airways’ Statement of Defence, said that his lawsuit was
