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Author: Justin Nwosu

FG Mulls Incentives For Banks To Restructure Oil Firms’ Debts

Minister of State for Petroleum Resources, Chief Timipre Sylva
DPR remits N2tn to govt coffers The Federal Government is considering a regulatory forbearance for banks to encourage them to restructure oil companies’ loans. Minister of State for Petroleum Resources,Read More

Buhari: Libya’s Instability Perpetuates Illegal Arms Flow Into Nigeria

President Muhammadu Buhari
North-west govs meet over insecurity\ President Muhammadu Buhari has insisted that as far as Libya remains unstable, illegal arms and ammunition will continue to flow into Nigeria and other countriesRead More

COVID-19 Vaccine Safe, Govs Assure Nigerians

Chairman of the Nigeria Governors Forum (NGF), Dr. Kayode Fayemi
FG delivers doses to 35 states We are ready to receive 100, 000 doses, says Kogi Nigerian state governors have assured Nigerians of the safety of AstraZeneca COVID-19 vaccine andRead More

Report: Rising Oil Price May Derail FG’s Economic Reforms

Financial Derivatives Company Limited (FDC)
The Financial Derivatives Company (FDC) has warned that the rising crude oil price, which could rise above $100 per barrel, may sway the Federal Government to jettison its economic reformRead More

GTBank Records N238bn Profit, To Pay N2.70 Final Dividend

GTBank
Guaranty Trust Bank Plc yesterday announced a final dividend of N2.70 dividend per share for the year ended December 31, 2020, following the release of its audited results for theRead More

FG To Spend $1.5bn On Port Harcourt Refinery Rehabilitation

Nigeria Oil Refinery
Earmarks N3.07bn for NCDC lab equipment Says Enugu-Onitsha highway repair now to cost N8.649bn The Federal Government yesterday unveiled plans to spend $1.5 billion to revamp the Port Harcourt refinery.Read More

Bandits Kill Two In Kaduna, Attack Emir’s Convoy

Bandits
Rampaging bandits have killed two persons in Kaduna State following multiple attacks on communities, including on the convoy of the Emir of Birnin Gwari, Alhaji Zubairu Mai Gwari II, whoseRead More

DPR Moves Against Petrol Overpricing, Seals 11 Stations In Abuja

Department of Petroleum Resources (DPR)
The Department of Petroleum Resources (DPR) yesterday ramped up efforts to stop overpricing of petrol, manipulation of metering devices as well as the diversion of the product in Abuja, followingRead More

FG Reviews Implementation Of Agreements With Varsity Workers

The Minister of Labour and Employment, Senator Chris Ngige shakes hands with the President of the Academic Staff Union of Universities (ASUU)
Federal ministries and agencies have fixed a meeting for today to appraise the level of implementation of agreements reached with unions in federal universities. Those expected at the meeting areRead More

118 Stranded Nigerians Return From Libya

118 Stranded Nigerians Return from Libya
About 118 stranded Nigerians in Libya have returned to Nigeria. The returnees, comprising 51 males, 41 females, 17 children and nine infants arrived yesterday at the Nnamdi Azikiwe International Airport,Read More