Posts by :

NNPC Headquarters, Abuja

Don’t drag us into politics, NNPC cautions politicians

The Nigeria National Petroleum Corporation (NNPC) has cautioned politicians to stop dragging the corporation into partisan politics as this may have a negative Impact on its performance. In a statement released Wednesday in Abuja, NNPC spokesperson, Ndu Ughamadu, said the corporation which is the cash cow of the nation should…

Lai Mohammed

Nigerian govt accuses opposition of planning to sponsor violence in 10 states

The federal government has accused the opposition of planning violent attacks across states to disrupt the general election beginning 27 days from now. The Minister of Information and Culture, Lai Mohammed, made this accusation on Monday at a press conference in Abuja. He spoke a day after a former president,…

gunmen

Kidnappers of 20 Katsina residents demand N20m ransom

The kidnappers of 20 men from Illela in Katsina State have threatened to kill their captives on Monday if they do not receive N20 million. PREMIUM TIMES reported how on December 19, last year 20 men were abducted by gunmen at Illela village of Safana Local Government Area on their…

Opponent asks Buhari to increase 2019 budget to N15 trillion

Opponent asks Buhari to increase 2019 budget to N15 trillion

The presidential candidate of the Abundant Nigeria Renewal Party (ANRP), Tope Fasua, has called on President Muhammadu Buhari to increase the 2019 budget to N15 trillion to improve the lives of Nigerians. Leading a group of protesters Thursday morning at the main entrance to the National Assembly complex in Abuja,…

Total Filling Station

Average petrol price decreased across Nigeria in December – NBS

The average price per litre for premium motor spirit (petrol) decreased by -15.1 per cent year-on-year and -1.1 per cent last month, the National Bureau of Statistics (NBS) has said. The bureau said average price month-on-month decreased to N145.80 in December 2018, compared to N147.50 in November 2018. According to…

Ekiti Accident: Dangote denies ownership of rice-laden truck that killed 15 in Ekiti

Dangote Industries Limited (DIL) has denied the ownership of the truck involved in an accident in Iworoko Ekiti, near Ado-Ekiti, in which 15 persons were confirmed dead and many others injured on Saturday. In a statement on Sunday, the management of DIL described as “misleading and unverified” the report by…

[Photo credit: Daily Post Nigeria]

Gunmen abduct 20 men in katsina

Villagers from various villages in Safana Local Government Area of Katsina State, have confirmed the abduction of 20 of their men. Safana LGA is in the town of Safana and the council area consists of about 19 communities. About 27 residents of these communities were returning from a wedding ceremony…

Abdulsamad Rabiu

SEC approves merger of Northern Nigeria Cement with Kalambaina

The Cement Company of Northern Nigeria Plc says it received a formal approval by the Securities and Exchange Commission (SEC) to proceed for its planned merger with Kalambaina Cement Company Limited of Nigeria. The CCNN confirmed in a statement on Monday, December 31, 2018 that it also received the requisite…

NNPC Headquarters, Abuja

NNPC earns $627mn from oil, gas exports in September

The Nigerian National Petroleum Corporation (NNPC) said on Wednesday it realised about $626.62 million from crude oil and gas export for September 2018. The NNPC spokesperson, Ndu Ughamadu, in a statement made available to PREMIUM TIMES, said the revenue was realised under NNPC’s US dollar transactions during the month. He…

Social Media icons

How social media is powering new Nigerian entrepreneurs

The social network, which has the online community as one of its subdivisions, has become a crucial part of our daily lives as technology advances. With the dawn of online networking, people getting in touch with each other has been made easy. You can connect in seconds with a large…

FILE: A Cooking gas business [Photo credit: Business Daily]

Price of cooking gas droped in November – NBS

The average price to fill a five kilogramme cylinder of cooking gas in Nigeria decreased by 2.82 per cent between October and November, the National Buraeau of Statistics (NBS) stated in a monthly report. The report was published on the bureau’s website. It shows the price dropped from N2,145.30 recorded…

Nigerians in a tight queue to buy Kerosene

Average petrol price increased in 2018 — NBS

The average price paid by consumers for petrol increased by 1.3 per cent year-on-year, the Nigeria Bureau of Statistics (NBS) has said. The bureau, according to a report on its website, also listed states with the highest and lowest average price of petrol in comparison with the approved government price…

Theresa May during the Tory conference [Photo: The Week UK]

Brexit: European Commission finally reveals ‘no-deal’ contingency plans

About 100 days until the scheduled date of Brexit, March 29, the European Commission says it is now "essential and urgent" to ensure that necessary contingency measures are in place to "limit the most significant damage" caused by a potential no-deal scenario. The proposals concern several areas the European Union…

Okoi Obono-Obla, Special Assistant to the President on

Oil firms contribute to Nigeria’s economic problems – Presidential aide

Some oil companies operating in Nigeria are contributing to the country’s economic adversity, chairman of the Special Presidential Investigation Panel for the Recovery of Public Property, Okoi Obono-Obla, said on Monday. Mr Obono-Obla, a presidential aide, made the observation in Abuja during a media briefing on the activities of the…

Theresa May during the Tory conference [Photo: The Week UK]

Brexit: Theresa May attacks Tony Blair

The British Prime Minister, Theresa May, has condemned former prime minister, Tony Blair, accusing him of undermining the Brexit talks by calling for another referendum. Mr Blair has been calling for another referendum on Britain's exit from the European Union (EU). Ms May frowned at the call, saying a new…

Nigerian economy improved slightly in 2016, but remains in recession -- NBS [Photo Credit: naija247news.com]

Nigeria’ inflation rate rises to 11.28% in November – NBS

Nigeria’s consumer price index (CPI), otherwise referred to as the inflation rate for goods and services, rose to 11.28 per cent in November, the National Bureau of Statistic (NBS) has said. This is its highest value since May. The statistics agency, in its latest CPI report published on Friday, said…

NCC Headquarters used to illustrate the story.

MTN, CBN dispute will be over soon—NCC

The Nigerian Communications Commission (NCC) has assured that the dispute between South African telecoms giant, MTN, and the Central Bank of Nigeria (CBN) was being resolved and would soon be over. Speaking with journalists at a breakfast meeting on Thursday in Abuja, the Vice Chairman of NCC, Umar Danbatta, said…

Theresa May in parliament [Photo: BBC]

British PM Theresa May wins vote of no confidence

The British Prime Minister, Theresa May, on Wednesday survived a vote of no confidence by her fellow conservative parliamentarians. Ms May won the ballot on her leadership by 200 votes to 117 on Wednesday night. If she had lost the vote, she would have had to vacate her seat as…

African Union [Photo: Wikipedia]

African Union workers sexually harassing interns, youth volunteers – Report

Some staff of the African Union Commission sexually harass short-term staff, youth volunteers and interns looking for jobs, an internal investigation has found. The report, according to the BBC, revealed that sexual harassment is a major problem for women who work at the African Union Commission (AUC) and those responsible…

British Prime Minister, Theresa May

British PM Theresa May faces vote of no confidence

The British Prime Minister, Theresa May, faces a leadership challenge on Wednesday that could see her exit her position as leader of the Conservative Party and thus prime minister. The vote of confidence was triggered by a request by 48 Conservative parliamentarians. A vote by Conservative MPs is expected to…

Nigerian economy improved slightly in 2016, but remains in recession -- NBS [Photo Credit: naija247news.com]

Nigeria’s economy grows by 1.81% in Q3 – NBS

The National Bureau of Statistics (NBS) on Monday released the country’s Gross Domestic Product (GDP) report for the third quarter with the economy recording a growth rate rise to 1.81 per cent. Gross Domestic Product is the monetary measure of the market value of all the final goods and services…

EFCC operatives

International Anti-Corruption Day: CSOs decry slow pace of anti-graft war in Nigeria

Ahead of the International Anti-corruption Day on December 9, a group of civil society organisations in Nigeria led by Civil Society Legislative Advocacy Centre (CISLAC) has decried the slow pace of the fight against the scourge in Nigeria. The International Anti-corruption Day has been observed annually across the globe since…

Central bank of Nigeria (CBN)

Forex: CBN injects $1.3bn, CNY 118mn in November

The Central Bank of Nigeria (CBN) injected $1.2852 billion and CNY 118.35 million (China Yuan) in November to meet customers’ requests in various segments of the foreign exchange market. The chain of order of the intervention which was made public on November 2, November 13, November 16, November 21 and…

Central bank of Nigeria (CBN)

Repatriation of $8.1 billion Profits: MTN, CBN opt for out-of-court settlement

MTN Nigeria Communications Limited and the Central Bank of Nigeria (CBN) on Tuesday told the Federal High Court in Lagos that they have resolved to opt for an out-of-court settlement of the dispute on the alleged improper repatriation of over $8.1bn profits from Nigeria. On August 29, the CBN sanctioned…

Central bank of Nigeria (CBN)

CIBN urges Nigerians abroad to invest in home country

The Chartered Institute of Bankers of Nigeria (CIBN) says it is encouraging Nigerians abroad to contribute to the development of the country’s economy, as part of its advocacy programmes. The president of the institut, Uche Olowu, said this while speaking about some of the initiatives of the CIBN during the…