Acquires 45% of OML 17 from Shell, Total and ENI   Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent   Estimated Additional 1 billion barrels of oil equivalent of further exploration potential       Lagos, Nigeria, January …

All Progressives Congress (APC) flag. The Kwara Youth Renewal Group of All Progressives Congress (APC) has endorsed the suspension of the state caretaker chairman of the party, Mr Bashir Bolarinwa. Mr Mumini Lade, the spokesperson for the group said this while addressing newsmen on Thursday in Ilorin. Lade said that …

  The Presidential Task Force on COVID-19 has urged Nigerians to disregard a fake fresh lockdown alert in circulation on social media. PTF National Coordinator, Dr Sani Aliyu, made this known in a short video statement released on Thursday. There have been concerns regarding a fresh lockdown as the country …

Lagos, 11 January 2021 First of Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or wallet account. …

The U.S. House of Representatives votes to impeach Donald Trump for inciting last week’s deadly Capitol siege, making him the first president to be impeached twice. While voting is still under way, a majority of lawmakers has already voted to impeach. The outcome, which was expected, comes only seven days …

Edwin Clark, chairman of Pan-Niger Delta Forum (PANDEF), has asked the minister of Niger Delta affairs, Godswill Akpabio to stop “interfering” in the affairs of the Niger Delta Development Commission (NDDC). Speaking when he received Effiong Okon, NDDC interim administrator, at his residence in Abuja on Wednesday, Clark said: “The problem …

Nigeria’s curve of coronavirus infections maintained an upward trend on Wednesday, with 1,398 new cases confirmed across the country. Over 1,000 new cases have been recorded across the country for the tenth consecutive day, according to data by the Nigeria Centre for Disease Control (NCDC) — over 9,000 fresh infections …

  The last four weeks has been that of uplift in fortune for holders of Jumia stock, and the development is rightfully drawing attention of stock-inclined minds: Fruitful yuletide: The stock sold as high as $47 a day to Christmas and has hovered between $34 and $39 since December 11th …

Nigeria’s leading financial institution, Stanbic IBTC Holdings PLC, has highlighted its array of solutions to support businesses in the country to make the most of 2021. The solutions on offer are geared towards providing access to flexible funding for small, medium and large-scale enterprises thereby addressing inadequate access to capital, …

As authorities put measures in place to prevent rapid spread of covid-19 in the light of the second wave of the pandemic emanating from mutation variants of the dreaded virus, Jumia Nigeria CEO, Massiliano Spalazzi has highlighted the services of ecommerce platforms as one of the measures to help mitigate …