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Oil Hits 2016 High Due To Falling Output, Weaker Dollar

Oil hit its highest level on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since last April. Brent crude futures were up $1.03 at $46.77 a barrel in early trading, having risen nearly 20 per cent in

Group Sues Army, Demands N3bn Over Ogoni Military Invasion

  The national association of democratic lawyers, NADL, Rivers state branch, has dragged the Nigerian Army, 2nd Amphibious Brigade, Bori Camp to the Federal Court in Port Harcourt over the invasion of Ogoniland which resulted in the dead of some innocent persons last month. The group is also demanding a compensation of

Dangote Cement Post N54.539bn Q1 Profit

By Ololade Julianah In its first quarter unaudited financial result ended March 2016 released by the Nigerian Stock Exchange (NSE) Dangote Cement has reported a profit after tax of N54.539 billion from N70.168 billion reported in the corresponding period of 2015, representing a drop of N15.623 billion or 22.27 per cent. Revenue

Enyimba’s Azeez Expects Tough CAF Champions League Draw

Enyimba's Abu Azeez believes that the last eight teams in the CAF Champions League are good for the title and hopes his side continues to improve. The eight clubs that qualified for the group stage are Enyimba, Wydad, AS V. Club, Young Africans, Zesco United, Zamalek and E.S. Setifienne. Enyimba reached the

Kaduna Refinery To Resume Production Of Petrol April 27

  The management of Kaduna Refinery and Petrochemical Company (KRPC), says the refinery will resume daily production of petrol starting from tomorrow, April 27. This, according to the Managing Director, Idi Muktar, is part of efforts to address the current fuel scarcity across the country, who spoke to reporters on Tuesday. Mukhtar explained

Petrol In Jerry Can Leads To Jail – Police

It will no longer matter whether you’re the buyer or the seller; if you’re found handling petrol with jerry cans, you will be arrested. The order, given on Tuesday by Solomon Arase, inspector-general of police, to all zonal assistant inspectors-general of police, FCT and state command commissioners of police, states clearly

Aregbesola Open First Branch of Omoluabi Mortgage Bank Plc.

By Bamidele Moses Osun State Government has opened the first branch of Omoluabi Mortgage Bank Plc in Ejigbo with assurance by his administration to promote the general well being of the citizenry in spite the current economic situation in the country. While assuring the residents of the state on his administration's determination

Electricity: 170m People 5,000 Megawatts Not Enough – Fashola

Works, Power and Housing Minister, Babatunde Fashola has acknowledged difficulty in handling the power situation in Nigeria and hinged the challenges on low power generation. The Minister spoke during the first in the series of the Federal Government town hall meetings held on Monday in Lagos State, Nigeria’s commercial city. During his

Politicians Planning Sponsored Protest Against Me, Saraki Alleges

  The Senate President,  Bukola Saraki on Monday raised the alarm that some unnamed politicians were planning to sponsor a mass protest against him beginning from today. Saraki who is facing trial at the Code of Conduct Tribunal (CCT) over allegations of improper declarations of assets, said in a statement by his