Despite a challenging year for the Nigerian.oil and gas industry, Seplat Energy Plc has recorded revenue of $733.2 million for the 2021 financial year. The amount represents a growth of 38 per cent against $530.5 million reported the previous year. Operating cash flow grew from $329.4 million to N394.3 million while production cost rose by $8.9 million in 2020 to Read More
Shares in Siemens Energy have hit a record low as a sell-off triggered by problems at its wind power division Siemens Gamesa continued following a HSBC downgrade. Siemens Energy’s stock fell as much as 6.9% to 17.805 euros per share, its lowest since the company was spun off from former parent Siemens AG and listed separately in September 2020. On Read More
MTN Nigeria, Dangote Cement, Flour Mills, Nigeria Breweries Nestle, Total, Julius Berger and some other companies listed on the Nigerian Stock Exchange brushed aside rising inflation rate and exchange rate crisis to record a surge in revenues and profits. Financial statements of 32 of the most capitalized companies on the stock exchange, excluding commercial banks, revealed the companies recorded aggregate Read More
Ethiopia’s Letesenbet Gidey smashed the women’s half marathon world record on Sunday, finishing in one hour, two minutes and 52 seconds at the Valencia Half Marathon Trinidad Alfonso EDP. The 23-year-old Gidey, who is also the world 5,000 metres (14:06.62) and 10,000 metres (29:01.03) record-holder, shaved more than a minute off the previous half marathon mark of 1:04:02 set by Read More
The ruling All Progressives Congress (APC) has expressed confidence that it will win the forthcoming Anambra governorship election and later win the 2023 general elections with its membership strength of over 40 million. The ruling party has boasted that governorship elections in Ekiti and Osun states will be in their favour. Secretary of the party’s Caretaker Extra-ordinary Convention Planning Committee Read More
Not less than 888 people have been killed and 2,553 others kidnapped in Kaduna state between January and September 2021. Seven hundred and twenty people were also injured within the period, Kaduna state security report has disclosed. The third quarter security report presented by Kaduna state Commissioner for Internal Security and Home Affairs, Mr Samuel Aruwan, Wednesday, said 220 Read More
Director General of the Progressive Governors Forum (PGF) Salihu Moh Lukman, has called for a new orientation in the management of political parties to address issues of membership recruitment and management, party funding and administration. Lukman, who is a chieftain of the All Progressives Congress (APC) said unless these issues are addressed Nigerians will continue to experience all the familiar Read More
In the face of declining demand for crude oil globally, the Organisation of Petroleum Exporting Countries (OPEC) is taking solace in the fact that soaring gas prices could mitigate impact of global demand for oil products as end users switch. Further more the Organization has trimmed down its world oil demand growth forecast for 2021 while maintaining its 2022 view, Read More
The Director General of the National Lottery Regulatory Commission (NLRC), Lanre Gbajabiamila has said the country would soon witness a boom in lottery business as the transformation process of the industry commenced in 2017 has started yielding positive results. Speaking with newsmen in his office, Wednesday in Abuja, Gbajabiamila said the boom would lead to significant rise in the nation’s Read More
Tyson Fury delivered a thrilling 11th-round knockout against Deontay Wilder to retain his WBC heavyweight crown as their trilogy bout produced another classic on an electric night at the T-Mobile Arena in Las Vegas. Twenty months since Fury dethroned the American, the 33-year-old had to show all his resolve and resilience to extend his undefeated professional record to 32 fights Read More
Osun state governor, Adegboyega Oyetola, has denied the alleged ownership of a property in London, United Kingdom. He also denied the purported link with the owner of the property, Mr Kolawole Aluko. In a statement signed by his Chief Press Secretary, Ismail Omipidan, and made available to newsmen in Osogbo, Sayurday, Oyetola described as ‘unfounded and untrue,’ the report linking him to the Read More
An Abuja based lawyer, Dr. Kayode Ajulo, has confirmed that a Court of Appeal sitting in Ado Ekiti Judicial Division has discharged and acquitted a teenager Adeolu Bamiteko, who was sentenced to death by a High Court for stealing phone. Bamiteko with one Ayobami Ojo were arraigned in Charge No. HAD/15C/2014 before the High Court presided over by Justice J.O Read More
On October 4, 2021, one of the fastest growing financial service providers in Nigeria, Titan Trust Bank Limited, celebrated two years of its existence. Established with a mission to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates, Titan Trust Bank, has continued to provide seamless Read More
Minister of special duties and inter-governmental affairs, Senator George Akume, has commended the current leadership of All the Progressives Congress (APC), Caretaker and Extra-ordinary Convention Planning Committee under governor Mai Mala Buni. The former governor said Buni’s unassuming leadership has reunited the party and also responsible for the recent massive defection into the APC from opposition party. In a congratulatory Read More
The claim by Osun State’s former Commissioner for Local and Chieftaincy Affairs, Hon. Kolapo Alimi, that Governor Adegboyega Oyetola failed to nominate his predecessor for a ministerial slot is not only untrue but also wicked, illogical and mischievous, Ismail Omipidan, Chief Press Secretary to Oyetola, has said. He was reacting to the claim by Alimi in a newspaper interview that Read More
A group of patriotic APC members in Ado, Okpokwu and Ogbadibo Federal Constituency Benue state on the aiges of Likeminds, has frowned at a report published by an online alleging irregularities in the last Local Government Area congress in the state The report, which quoted unknown sources, had claimed that the consensus APC Chairman for Ado Local Government Area Hon. Read More
The controversy surrounding Ahmed Musa’s Super Eagles record has been laid to rest Wednesday with the Nigeria Football Federation saying it has deferred to FIFA’s own record of 98 caps for the talismanic captain. FIFA in clear terms informed the NFF that Musa is on 98 matches following the nullification of two of the matches he played in which should have Read More
Data release by the Nigerian Bureau for Statistics (NBS) has showed that Nigeria recorded the seventh quarterly deficit in the second quarter of 2021 at N1.87 trillion by the end of June this year. During quarter2, 2021 the total merchandise trade stood at N12.03 trillion representing 23.28 per cent increase over the value (N9.76 trillion) recorded in the first quarter Read More
Data obtained from the National Bureau of Statistics have indicated that Nigeria spent the sum of N123.8 billion and N16.8 billion fish and salt importation. The NBS in its foreign trade report released on Sunday stated that fishes worth N48.28 billion was imported in the first quarter and another N75.44 billion imported in the second quarter. The types of Fishes Read More
Osun state governor, Adegboyega Oyetola, Tuesday inaugurated 360 newly-recruited officers into the State Security Network Agency ”Amotekun Corps’. This is just as he disclosed recruitment of 750 vigilantes across all local governments in the state to provide intelligence on the activities and suspicious movements of criminals in the state. The Amotekun Corps was inaugurated at the Wole Soyinka Grammar School, Ejigbo, Read More
African Export-Import Bank (Afreximbank) has released its audited financial statements for the six months ended 30 June 2021, showing a net income of $168.9 million for the period a 12% increase over $150.75 million recorded in 2020. A statement from the bank indicates that the results, were achieved largely due to the growth in interest income and a 13% decrease Read More
As part of activities lined up to celebrate the 30th anniversary of the creation of Osun State, the government, Wednesday, listed former governor Adebisi Akande, Pastor Enoch Adeboye (General Overseer, RCCG worldwide), Sheikh Abdur’rasheed Hadiyatulla (President, Supreme Council for Sharia in Nigeria), and former Chief of Defense Staff, General Ipoola Alani Akinrinnade, rtd, for lifetime achievement award. Others in the Read More
Investigations have revealed that more Nigerians now borrow money from financial institutions to feed their families. Small financial institutions that do not require collateral before giving out soft loans have become haven for many salary workers who rely on them to keep going before the next salary is paid. Investigations reveal that, soft loans which range between N20,000 and N100,000 Read More
Her name is Oluwafemiayo Folashade, a Nigeriam athlete who just won gold medal in the Powerlifting event at the ongoing 2020 Paralympic Games in Tokyo, Japan. Shade did it in style victoriously with a new record of 152kg early Monday morning.
The People’s Democratic Party (PDP) Ebonyi state chapter Thursday lambasted governor David Umahi for secretly collecting the sum of 6 billion naira for ranching programme in the state. Special Assistant to President Buhari, Gabar Shehu had on Wednesday night in program on channels television revealed that Ebonyi among three other state in the federation accessed 24 billion naira for ranching. Read More
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