Nigeria News

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The Petroleum Industry Bill passed by the National Assembly on Thursday indicated that companies holding refining licenses in the country can pay for domestic crude oil supply in naira. The Companies holding refining licences include Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company Limited, OPAC Refineries, Niger Delta Petroleum...
The Federal Government has announced plans to upscale its National Home Grown School Feeding Programme (NHGSFP), by enrolling additional 5 million pupils under the scheme. This plan was announced by the Honourable Minister of Humanitarian Affairs and Social Development, Hajiya Sadiya Farouk during a working visit to the Niger State...
On 1st of July 2021, a historical feat was achieved in Nigeria, after the National Assembly comprising of both chambers (Senate and House of Representatives) passed the Petroleum Industry Bill (PIB), 12 years after it was first conceived. A lot of Nigerians received the cheering news with excitement and optimism,...
The Organisation of Petroleum Exporting Countries has speculated that the demand for crude oil will gain momentum in the second half of the year 2021, beginning from Thursday. During the 31st Meeting of the Joint Ministerial Monitoring Committee, which was held via videoconference, OPEC Secretary-General, Mohammad Barkindo said: “Oil demand...
The Ogun State Governor, Dapo Abiodun, disclosed on Thursday in Abeokuta that his administration was targeting 2,500 housing units for the people of the state within four years. Abiodun disclosed this while inaugurating 130 housing units in Kemta, Idi Aba in the state capital. The project, christened Prince Court Estate,...
Twelve (12) Years after it was first conceptualized, the National Assembly which comprises the Senate and House of Representatives has finally passed the long-awaited Petroleum Industry Bill. Naijabusiness.com.ng gathered that the House of Representatives were the first to pass the bill for third reading earlier today. Confirming this, the Chairman...
Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, is set to build Nigeria’s first nuclear power plants, in a bid to diversify the sources of alternative energy for power generation in Nigeria, using the OPEN 100 model. To make this a reality, the firm called on the...
The African Export-Import Bank (Afrexim) has pledged to support infrastructural development in Ogun state with $200 million. This was revealed by the President and Chairman of the Board of Directors of Afrexim Bank, Benedict Oramah during a courtesy visit to the State Governor, Dapo Abiodun in Abeokuta. According to The DailyTrust,...
In an effort to boost agriculture and provide employment opportunities for over 3,000 youths, the National Agricultural Land Development Authority (NALDA) has entered into a partnership with the Abia State Government. This initiative culminated in the signing of a Memorandum of Understanding (MoU) by both parties towards the rehabilitation of...
Since the news broke out that the leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, has been arrested, there have been conflicting report on how he was nabbed by the security agents. Kanu, who holds Nigerian and British Passports had been declared wanted by the Federal Government...