News

The Senate has begun moves to amend the Production Sharing Contract (PSC) Act following the consideration of a bill in that respect. Titled Deep Offshore and Inland Basin Production Sharing Contract 2004 (Amendment) Bill 2019, the piece of legislation passed ...

The spate of piracy in the Gulf of Guinea is posing a serious threat to import and export trade worth $286 billion in West Africa, stakeholders have disclosed. Speaking at the ongoing Global Maritime Security Conference organised by the Nigerian ...

Nigerians spent N7.2b to vote for the 26 housemates in the just concluded Big Brother Naija reality TV show, N1.5b in its final week and spent 2,376 hours watching the show. Announcing the results on Sunday, Ebuka Obi-Uchendu said the ...

Former Vice President Atiku Abubakar has expressed outrage over the prevalence of sex for grades in public tertiary institutions across Nigeria and West Africa. Reacting to the exposure in the BBC Africa Eye’s latest investigative documentary, Atiku said such predatory ...

Increase will impact more on urban centres, wealthy, says minister Justice Rilwanu Aikawa of the Federal High Court in Lagos has barred the Federal Inland Revenue Services (FIRS) from enforcing VAT provisions on goods and services consumed in hotels, restaurants ...

Indications have emerged that the Federal Government may be experiencing some hiccups in the build-up to the December deadline for the completion of the Lagos-Ibadan railway project. In as much the contractor, China Civil Engineering Construction Company (CCECC) has completed ...

Unidentified gunmen have abducted 84 year-old father of Bayelsa State Commissioner for Agriculture, Chief George Agbabou Week and carted away his electronic gadgets, jewelries in Southern Ijaw Council Area of the state. His abduction is coming four days after Beauty ...

Funding hitches may have caused a delay in the rehabilitation of the Akanu Ibiam International Airport, Enugu, which was shut down by the Federal Airports Authority of Nigeria (FAAN) on August 24 this year. Minister for Aviation, Hardi Siriki who ...

The Senate has alerted the nation to escalating insecurity on the Bonny-Port-Harcourt waterways where activities of sea pirates had led to the abductions, killings and raping of Nigerian women and girls using water transportation. It charged security agencies to step ...

Vice President Yemi Osinbajo has underscored the need for a vibrant commodities ecosystem to aid diversification from oil to non-oil sectors and boost the nation’s revenues and foreign exchange (Forex) earnings. Speaking at a Roundtable on Nigerian Commodities Trading Ecosystem ...