Nigeria’s rig count has been growing since the last quarter of last year and crude oil production has also been on the rise on the back of aggressive exploration and improved security in the Niger Delta. OPEOLUWANI AKINTAYO examines the impact these recent developments would have on the country’s economy Nigeria’s oil rig count has maintained an
Chief Executive Officer of FCMB Asset Management, James Ilori ,has announced the launch of a loyalty programme to enhance the lifestyle of investors on its clientele list,adding that the benefits package is also open to new subscribers of its high-yield income products in local and foreign currencies. According to a statement made available to The
A yet-to-be identified woman has been arrested by the National Agency for the Prohibition of Trafficking in Persons and Other Related Matters, Anambra State Command, for the murder of her maid. In the video shared on social media, on Thursday, the suspect had taken NAPTIP officials to the bush were she dumped the already decomposing
Queues for the Premium Motor Spirit, popularly called petrol, resurfaced in Abuja on Tuesday, causing motorists to lament the incessant PMS scarcity that had characterised the Federal Capital Territory since this year. At the two filling stations, Conoil and Total, opposite the headquarters of the Nigerian National Petroleum Company Limited, motorists formed long queues as
No fewer than six persons, including a toddler, have reportedly been killed by the massive flood that sacked the entire Ibaji Local Government Area of Kogi State. Two of the victims were brought ashore by divers following a boat that capsized on Tuesday while trying to ferry residents across to Ganaja village from Gadumo area
The Manufacturers Association of Nigeria and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture have warned the Central Bank of Nigeria that the recent increase in base lending rate will trigger higher prices of products. In a statement signed by its Director-General, Segun Ajayi-Kadir, MAN said the increase in the Monetary Policy
The Rotary Club of Lagos is set to build a world-class model primary school in Ilara Kingdom in Epe Local Government Area of Lagos State. The club’s effort is in commemoration of this year’s Basic Education and Literacy Week. The club’s President, Joseph Akhigbe, who spoke at the groundbreaking for the project, said, “The model
By Anozie Egole 2nd September 2022 The Kebbi Area command of the Nigeria Customs Service said it arrested one suspect, intercepted 824 jerrycans of Petroleum Motor Spirit equivalent to 20,600 liters and other contrabands worth, N61m in August. A statement by the command Public Relations Officer, Nasiru Managa, said 389 wraps of Cannabis Sativa was also
Though they are European champions, salary of England’s national women football team has shown that they earn low wages when compared to their male counterparts. The Sun reported that the Lionesses’ bonus for winning Euro 2022 was just £55,000 per player. The men’s team were however paid £300,000 for reaching the final of Euro 2020; winning the tournament would have
Dean Henderson has blasted his former club Manchester United over false promises in a bombshell interview. The 25-year-old goalkeeper, who recently joined Nottingham Forest on a season-long loan from Old Trafford, revealed he was left ‘fuming’ after false promises from the club. Henderson told talkSPORT that United promised he would usurp David de Gea as