Thursday, August 1, 2019

Oluwatoyin Bayagbon

    Arnold Schwarzenegger attacked in South Africa

Arnold Schwarzenegger attacked in South Africa

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    FIRS generates N1.5tn in three months, beats 2018 record

FIRS generates N1.5tn in three months, beats 2018 record

The Federal Inland Revenue Service (FIRS) says it  generated N1.5 trillion as revenue in the first quarter (Q1) of 2019.Babatunde Fowler, FIRS chairman disclosed this to NAN on the sidelines of a high-level meeting on illicit financial flows hosted by the United Nations General Assembly in New York, US, at the weekend.The revenue represents a 28% increase from the N1.17 [...]

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    Airtel launches 4G in Edo

Airtel launches 4G in Edo

Airtel Nigeria has deployed its 4G services in Edo state in a bid to "modernise its network infrastructure across the country".In a statement on Friday announcing the launch, Oladapo Dosunmu, regional operations director, Airtel Nigeria, said the upgrade will empower individuals and transform businesses through technology, leading to economic growth in the state.“With this launch, we will power people, businesses [...]

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    The poor might revenge, Melaye warns leaders

The poor might revenge, Melaye warns leaders

Dino Melaye, lawmaker representing Kogi west senatorial district, says Nigeria’s polity is heating up to the point where the poor will revenge against the elite and the country’s leaders.In a series of message on social media on Friday, the senator warned the ruling class that there could be scenarios similar to what played out in some parts of Europe and [...]

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    FG ordered to pay British firm $9bn over ‘failed’ gas supply contract

FG ordered to pay British firm $9bn over ‘failed’ gas supply contract

A UK tribunal has ordered the federal government to pay Process and Industrial Development (P&ID), a British firm, $9 billion in damages for an ongoing legal dispute. [...]

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    Zainab Ahmed: We’ve recovered N605bn through whistleblower policy

Zainab Ahmed: We’ve recovered N605bn through whistleblower policy

Zainab Ahmed, minister of finance, says the federal government has recovered N605 billion through the implementation of the whistleblower policy.Ahmed made this known during a briefing on the ministry’s activities in Abuja, on Thursday.The whistleblower policy is an anti-corruption programme that was launched in December 2016. It encourages individuals to report cases of financial mismanagement or stolen funds.As of the [...]

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    Oliserv CEO: Banditry not a threat to Ajaokuta-Kaduna-Kano gas pipeline project

Oliserv CEO: Banditry not a threat to Ajaokuta-Kaduna-Kano gas pipeline project

Emeka Okwuosa, chief executive officer, Oilserv Limited, says the increased rate of kidnapping and banditry in Nigeria’s north is not a threat to the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project.Okwuosa made this known in an interview on the sidelines of the Offshore Technology Conference (OTC) in the US.The AKK gas pipeline is designed to enable gas connectivity between the east, west [...]

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    DPR: Only eight of Nigeria’s 83 deepwater blocks are producing oil

DPR: Only eight of Nigeria’s 83 deepwater blocks are producing oil

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    NNPC pledges use of new technology to reduce crude oil production cost 

NNPC pledges use of new technology to reduce crude oil production cost 

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    NNPC declares Nigerian Pavilion open at OTC Texas

NNPC declares Nigerian Pavilion open at OTC Texas

The Nigerian National Petroleum Corporation (NNPC) has officially declared the Nigerian Pavilion at the 2019 Offshore Technology Conference (OTC) in the US, open.Bello Rabiu, NNPC’s chief operating officer, upstream, represented the corporation’s group managing director (GMD) at the opening ceremony on Tuesday.“I formally declare this 2019 OTC open. It is very important for me to show our appreciation to all the [...]

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    Oil majors push for increased offshore investments, carbon reduction

Oil majors push for increased offshore investments, carbon reduction

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    Follow TheCable for live updates from the Offshore Technology Conference, Texas

Follow TheCable for live updates from the Offshore Technology Conference, Texas

For five decades and counting, Nigeria has been in the ranks of oil producing countries, even achieving the feat of becoming the largest oil producer in Africa. Yet, the development of deepwater projects in the country has been slow, with regulatory uncertainties and unfavourable fiscal terms hampering investment opportunities.In a recent report, the Nigeria Extractive Industries Transparency Initiative (NEITI) said [...]

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    132 companies bid for NNPC 2019/2020 crude swap deal

132 companies bid for NNPC 2019/2020 crude swap deal

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    KEEP CALM: Your pension was ‘not affected by recession or naira devaluation’

KEEP CALM: Your pension was ‘not affected by recession or naira devaluation’

Nigerian workers who are part of the contributory pension scheme can rest easy as their assets were not affected by the recession and naira devaluation in 2016, the Pension Fund Operators Association of Nigeria (PenOP) has said.According to the association, the scheme has been largely successful since it’s establishment, with an average 10 percent return on investment in the last 14 [...]

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    Saudi Arabia ‘to build’ refinery in Nigeria

Saudi Arabia ‘to build’ refinery in Nigeria

Saudi Arabia has hinted on the possibility of building an independent refinery in Nigeria.Khalid Al-Falih, the kingdom’s minister of energy, industry and mineral resources, gave the hint during a meeting with Ibe Kachikwu, minister of state for petroleum resources, in Riyadh, capital of Saudi.Kachikwu had on Tuesday met with Al-Falih and other top executives of Saudi Aramco, the world's largest oil [...]

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    LSF|PR shines at Sabre Awards

LSF|PR shines at Sabre Awards

LSF|PR, an indigenous public relations firm, has clinched a prize in the diamond category for superior achievement in brand building at the Sabre Awards.   The Sabre awards is the world's largest PR awards programme, recognising superior achievement in branding and reputation in North America, Europe, the Middle East and Africa. In a statement, the company said its “innovative and outstanding work [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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