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NNPC The Nigerian National Petroleum Company (NNPC) Limited has signed a $1.4 billion external project finance agreement for the Northern Hydrocarbon Funding Limited. Codenamed Project Panther (under the NNPC Limited/Chevron Nigeria Limited joint venture), the agreement was sealed at the signing ceremony held on Tuesday in London. The deal was …

Gen Farouq Yahaya, Nigeria’s Chief of Army Staff A High Court Sitting in Minna, Niger State Capital, has issued a warrant of arrest on the Chief of Army Staff (COAS), General Faruk Yahaya for contempt. The court also ordered the arrest of the Commandant Training and Doctrine Command, Minna, Major …

Diezani Allison Madueke The Economic and Financial Crimes Commission (EFCC) has claimed that its investigation shows that Diezani Alison-Madueke, a former minister of petroleum resources, gave politicians $115 million to compromise the 2015 elections. Abdulrasheed Bawa, the EFCC chairperson, said this on Wednesday at an induction retreat for new resident …

  Oshiomole and Atiku A former National Chairman of the ruling All Progressives Congress APC, Adams Oshiomhole said the presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar does not have the moral justification to preach unity in Nigeria. Oshiomole made this assertion while speaking in an interview with …

IGP Alkali Baba The Nigeria Police Force has cautioned state governors against stopping opposition political parties from holding their electioneering campaigns. Mr. Dandaura Mustapha, the Deputy Inspector-General of Police (DIG) Operations, said this at the 2022 political parties summit in Abuja. Mustapha, who represented the Inspector-General of Police, Mr. Usman …

Gboyega Oyetola, Osun State governor Ademola Adeleke, governor of Osun state, has asked appointees of his predecessor, Gboyega Oyetola to return all government properties in their possession. The directive was issued on Wednesday in a statement by Olawale Rasheed, spokesperson to the governor. The directive comes hours after Adeleke revoked …

Greenville LNG Company Limited, a Liquefied Natural Gas production and distribution company in Nigeria is on the brink of another lawsuit in its supply dealings with Nigerian-based manufacturing giant, BUA Group. This development comes two years after the company was slammed with a $9m claim for breaching contract by a …

ASUU President and Ngige The Academic Staff Union of Universities (ASUU) University of Nigeria, Nsukka chapter, has vowed to commence the “mother of all strikes,” if the Federal Government refuses to pay its members withheld eight months salary arrears. Comrade Christian Opata, the ASUU-UNN Chairman, who addressed pressmen before members of …

Fresh details have also emerged on how Mr Aminu Adamu, a student of the Federal University, Dutse, was arrested for trolling the wife of the Nigerian President, Aisha Buhari, on Twitter. In the allegedly offending tweet, Mr Adamu, who is a final year student studying Environmental Management, posted a rotund …

Faster rises in output and new orders Inflationary pressures remain elevated Business confidence at survey-record low Business conditions continued to improve markedly in the Nigerian private sector during November amid improving demand and higher customer numbers. In turn, firms expanded their purchasing activity and employment. That said, business confidence dropped …