Court Dismisses Agbaje’s Petition Against Ambode


Henry Ojelu The Lagos State Governorship Election Tribunal sitting in Ikeja, on Wednesday dismissed the petition filed by Peoples Democratic Party, PDP, candidate, Jimi Agbaje, against Akinwunmi Ambode of the All Progressives Congress, APC.

FG to raise N50.4bn in T-bills


The federal government plans to raise N50.4 billion ($253 million) worth of Treasury bills of 3-month and 6-month maturities at an auction on July 8, the Central bank of Nigeria (CBN) said on Wednesday.

Buhari Promises Reforms And New Policies In Oil And Gas Sector

The Nigerian President, Muhammadu Buhari, has promised that his administration will undertake appropriate reforms and implement fresh policies to boost national income from oil and gas production. Speaking at separate meetings with delegations from Exxon-Mobil and the Nigeria Liquefied Natural Gas Company (NLNG), President Buhari listed the removal of bureaucratic

NPA expects 31 ships laden with petroleum products, foods in Lagos


Thirty one ships laden with petroleum products, food items and other goods are expected at the Apapa and Tin-Can Island ports in Lagos from June 30 to July 18. The Nigerian Ports Authority (NPA) stated this in its daily publication- `Shipping Position’ – made available to newsmen in Lagos on

Oando sells 60 percent of downstream business to Vitol

 Oando has agreed to sell a 60 percent stake in its downstream business to Vitol and Helios Investment Partners for $276 million, the energy company said on Tuesday. Oando, which is shifting away from being a marketer of refined petroleum products into an oil and gas explorer, completed the acquisition

Jega Ends Tenure As INEC Chairman, Hands Over To Wali

Professor Attahiru Jega’s tenure as the chairman of the Independent National Electoral Commission (INEC) has come to an end. The former INEC boss, who took over from Professor Maurice Iwu, assumed office on June 8, 2010 during the former President Goodluck Jonathan’s administration.

Ajimobi Reveals Plan For Health Insurance Scheme In Oyo

The Oyo State Governor, Abiola Ajimobi, says the next four years will be used to strengthen preventive health care services across the state with measures to make quality healthcare delivery affordable to all, especially the vulnerable groups within the state. Governor Abiola Ajimobi made this known to Channels Television in

Forte Oil, Siemens sign $83m contract to upgrade power plant


Forte Oil said on Monday it had signed an $83 million contract with Siemens to upgrade its 414 megawatt gas-fired power plant and that the work would be completed next year. Forte Oil, which also has interests in fuel retailing, was one of several firms to buy government power assets

6 fuel-laden ships arrive Lagos ports


Six ships laden with petroleum products is said to be waiting to berth and discharge at jetties in Apapa and Tin-Can Island ports in Lagos in daily publication, `Shipping Position’, made available to newsmen on Monday in Lagos. The document also reported that a ship laden with rice had also arrived

bond yields rise on FX, higher borrowing risks


bond yields rose more than 10 basis point along the curve on Monday as domestic investors worried about the impact of a weaker currency on inflation and a possible rise in government borrowing, traders said. The most liquid 5-year bond yield climbed 12 basis points to 14.

Naira down 2.7 percent since new CBN FX rules

The Naira is trading at N226 to the dollar on the parallel market on Monday, down 2.7 percent since new central bank foreign exchange rules designed to conserve dwindling reserves, traders said.

NLC Kicks Against Proposal for Naira Devaluation

The factional Deputy President of the Nigeria Labour Congress (NLC), Mr Issa Aremu, has kicked against the call by the Managing Director of First Bank of Nigeria PLC, Mr Bisi Onasanya for the devaluation of the Naira. The labour leader also called on the President Muhammadu Buhari administration to remove

Borno School Children Idle As IDPs Take Over Premises

Children of school age in Borno State are paying the price for the insurgency that has troubled the state for the past six years. With the sacking of 20 local councils of the state, fleeing residents of the area now find temporary shelter in government owned schools in the capital

Buhari Is Busy Cleaning PDP’s Augean Stable – Presidency

The Presidency, in reaction to the PDP’s criticism of Nigerian President, Muhammadu Buhari’s first 30 days in office, says the administration has been kept busy cleaning PDP’s “Augean Stable”. The opposition, Peoples Democratic Party, on Sunday through its National Publicity Secretary, Olisa Metuh, referred to President Buhari’s first 30 days

Buhari Has Political Will To Surpass Past Governments – Oshiomhole

The Governor of Edo State, Adams Oshiomhole, has a contrary view to the perspective of the PDP on the 30 days of President Muhamamdu Buhari in office. Governor Oshiomhole believes the President has the political will to do better than past governments because of what he perceives as the President’s

‘Abducted’ Former FUTA VC Found Dead In His House

The dead body of a former Vice Chancellor of FUTA, Professor Albert Ilemobade, who was said to have been kidnapped, has been found in his house at Ijapo in Akure, Ondo State capital on Sunday morning. According to a family source, Professor Ilemobade’s driver and gateman killed the former University

Full Statement: PDP Urges Prayers For Buhari, APC To Deliver


30 Days In Office: PDP Urges Prayers For Buhari, APC To Deliver It’s Been All Motion, No Movement After a careful evaluation of the first 30 days of President Muhammadu Buhari and All Progressives Congress (APC)’s administration, the Peoples Democratic Party (PDP) notes that it has become obvious that Nigerians