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  • Oil prices rose on Thursday, extending gains into a fourth session on positive comments from vaccine makers about their efficacy against the Omicron variant, even as some governments stepped up curbs to stop its rapid......

  • Aiteo, operator of oil mining lease (OML) 29, on Wednesday, announced yesterday that it has succeeded in putting out the leak on its Santa Barbara wellhead in Nembe, Bayelsa State. Collaborating, the Minister of State......

  • The Presidency Wednesday said contrary to reports, President Muhammadu Buhari did not order the sack of the management of Abuja Electricity Distribution Company (AEDC). A statement issued by Garba Shehu, Senior Special Assistant to the......

  • The Nigerian Electricity Regulatory Commission (NERC), has said that the United Bank for Africa (UBA)  has taken over 60 percent equity of private investors in Abuja Electricity Distribution Company (AEDC) to recover its acquisition loans......

  • Nigeria on Wednesday reported a new high of 268 infections, 25 recoveries and zero deaths.  So, there are now 215164 confirmed cases, 207520 recoveries and 2980 deaths. The 268 new cases are reported from 10......

  • Leaders from across the globe including President Muhammadu Buhari and 16 other African presidents are expected at a meeting with US President Joe Biden to discuss ways to make democracy more responsive. The meeting tagged......

  • The Chairman of BUA Group, Alhaji Abdul Samad Rabiu has announced the consolidation of the company’s food businesses under a single entity to be known as BUA Foods. At the unveiling/media launch of the BUA......

  • Nigerian marine and services group, UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $2 billion, in the first instance, for the development of Nigeria’s first floating......

  • Access Bank Plc and the International Finance Corporation (IFC) have empowered 100 female entrepreneurs across Africa who graduated from the bank’s ‘W’ Womenpreneur pitch-a-ton Africa initiative. The initiative, which is the third installment, had participants......

  • Sterling Bank Plc says it has obtained an approval-in-principle by the Central Bank of Nigeria for its proposed non-interest banking business known as Alternative Bank Limited. Temitayo Adegoke, secretary at Sterling bank, said this in......

  • Umar Dabatta, executive chairman and chief executive officer of the Nigerian Communications Commission (NCC), says efforts are ongoing to deploy telecoms infrastructure across 774 local government areas (LGA) in Nigeria. Danbatta said this on Wednesday......

  • The Sokoto government says 23 persons died of injuries sustained from burns after bandits shot at a bus conveying travellers from Sokoto to Kaduna, according to a statement by Muhammad Bello, spokesman to Aminu Tambuwal,......

  • Social Democrat Olaf Scholz became Germany’s chancellor on Wednesday, ending 16 years of conservative rule under Angela Merkel and launching his three-way coalition that has pledged to boost green investment and strengthen European integration. Scholz,......

  • President Muhammadu Buhari has approved the sack of the management of the Abuja Electricity Distribution Company (AEDC) over the strike by the Nigerian Union of Electricity Employees (NUEE) that grounded activities of the company. A......

  • President Muhammadu Buhari yesterday flagged off the planned $300 million African Medical Centre of Excellence (AMCE) to be built in Abuja by the African Export–Import Bank (Afreximbank) and partners including the Bank of Industry, Kings......

  • Vice-President Yemi Osinbajo says the use of liquefied petroleum gas (LPG) as a transition fuel is the viable option for Nigeria to address climate change and energy poverty. According to a statement by his spokesman......

  • President Muhammadu Buhari has written to the Senate, seeking the consideration and subsequent passage of the 2021 Finance bill that will guide the implementation of the 2022 appropriation. The President had on October 7 presented......

  • The Executive Vice Chairman/Chief Executive Officer, NCC, Prof. Umar Danbatta says the commission will carry out its mock auction of the 5G in on Friday, December 10, 2021, adding that this will be preparation for......

  • The Nigerian Communications Commission (NCC) says the country’s internet subscribers dropped by 9.6 percent. representing 14.5 million in one year. The commission said this in a recent update of industry statistics posted on its website.......

  • Equinix Inc., US-based internet connectivity giant, has announced plans to acquire MainOne, West African connectivity and data solutions company, for $320 million. The deal is scheduled for conclusion in the first quarter of 2022, pending......

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