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Daily Archives: April 11, 2018

Oando: Shareholders plead for Buhari, NASS’s intervention

Following the lifting of the suspension placed on trading of the shares of petroleum marketing  Oando Plc, on Tuesday by the Nigerian Stock Exchange (NSE) shareholders of the company have called on President Muhammadu Buhari and the National Assembly to intervene in the crisis rocking the company.   It was learnt that the Securities and Exchange Commission (SEC), which had earlier directed ... Read More »

Fayose orders withdrawal of murder case against APC chairman, others

Governor of Ekiti State, Ayo Fayose, has directed withdrawal of an alleged murder case against the state Chairman of the All Progressive Congress, APC, Chief Jide Awe, and other members of the party. This information was contained in a statement by Fayose’s spokesman, Idowu Adelusi, on Wednesday. Awe, his aide, and other members of the APC have been on trial ... Read More »

Buhari’s re-election bid kicks off Nigeria’s presidential race

Now that Muhammadu Buhari has ended months of suspense over whether he will seek re-election as Nigeria’s president, all eyes are on the ruling party to see whether it will give him a clear shot at the nation’s top job. Buhari made history in 2015 when he became the first Nigerian to defeat an incumbent candidate, amid anger over the ... Read More »

Nigeria ranks seventh most populous country with 198 million people -NPC

The National Population Commission has put Nigeria’s current population at 198 million people with urban population growing at an average annual growth rate of about 6.5 per cent Chairman of NPC, Mr. Eze Duruiheoma, stated this in New York while delivering Nigeria’s statement on Sustainable Cities, Human Mobility and International Migration at the 51st Session of Commission on Population and ... Read More »

Oil prices soar over fears of US strike on Syria

Oil prices have soared to their highest level since December 2014 amid the possibility of the US carrying out air strikes against Syria. Brent Crude rose to $71.33 per barrel late on Tuesday, marking its highest level since December 3, 2014, markets showed. American benchmark West Texas Intermediate (WTI) rose to as much as $65.86 a barrel at 19:15 GMT ... Read More »

Ghana still owes Nigeria $160m for gas supply

Ghana owes a total of $160m for gas supplied to its largest power producer, Volta River Authority (VRA), from Nigeria through the West Africa Gas Pipeline, The Punch reports. N-Gas Limited, a company owned by the Nigerian National Petroleum Corporation, Chevron and Shell, buys gas from oil companies in Nigeria and transports it to Ghana through the $1bn WAGP. The pipeline, which ... Read More »

Teleology to pay $450m to close Nigeria’s 9mobile takeover

Teleology Holdings has paid a $50 million deposit to buy 9mobile, Nigeria’s fourth largest telecoms provider, and has 90 days to pay $450 million to complete the acquisition, telecoms regulator said. Teleology was picked as preferred bidder for debt-laden 9mobile, the Nigerian Communications Commission said, following a bid process arranged by Barclays Africa. 9mobile, formerly called Etisalat Nigeria, was taken ... Read More »

Do not repeat mistake of past leaders – Ex-President Jonathan

Former President Goodluck Jonathan has advised Nigerians, particularly aspiring young leaders, not to repeat the mistakes of the past, urging them to revolutionize a new paradigm shift in leadership and citizenship. Jonathan, who gave the charge Tuesday in Yenagoa while receiving the New Nigeria 2019, NN-2019 group and the Young Professionals of Nigeria, YPN, led by Chima Nwafor and Moses ... Read More »

Another baby for veteran actress Patience Ozokwo

Veteran Nollywood actress, Patience Ozokwo, popularly known as ‘Mama Gee’ welcomed her 16th grandchild on Wednesday. Ozokwo shared the news on her Instagram page @patienceozokwo, writing, “Come and join me sing hallelujah, Jehovah Jireh has done me well o! “My 16th grandchild came in style. Thank you God for adding more sparkle to my life, I am truly blessed of the Lord. ... Read More »

VAIDS: Buhari extends amnesty for tax evaders

President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS) to June 30, 2018. The extension after the original March 31 date is based on the appeals of professional bodies and individual taxpayers, the Presidency said in a statement. It said no further extension of time will be approved after June 30. The president ... Read More »