Opec+ gives Nigeria a boost by agreeing to ease crude oil production cuts as demand recovers

MEMBERS of the Organisation of Petroleum Exporting Countries (Opec) have agreed to repeal some of the production cuts they introduced in a bid to rally prices after indications that global demand looks set to pick up later this year.

 

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Sanwoolu to sign formal contract for construction of Fourth mainland Bridge in December

GOVERNOR Babajide Sanwoolu is planning to formally award a contract for the construction of the long-awaited Fourth Mainland Bridge linking Ikorodu with Lagos Island in December as the shortlist of contractors has now been whittled down to 10.

 

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Britain's minister for Africa expresses concern about the growing violence in Nigeria

BRITISH minister for Africa James Duddridge has expressed concern about the growing insecurity in Nigeria saying the violence unleashed by Boko Haram sect and its allied groups poses a great risk but added that  the UK is willing to help combat the menace.

 

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Nigerian leaders own up to 800 houses in Dubai and London with a combined value of $400m

NIGERIAN leaders and politically exposed persons (PEP) have been found to own as many as 800 choice properties in Dubai and London with a combined value of $400m according to a recent report by Associate Fellow of Chatham House Matthew Page.

 

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Nigeria classified as the third worst governed country on earth in latest global survey

NIGERIA has been classified as the third worst governed country in the world behind Zimbabwe and Venezuela in a recent Chandler Good Government Index (CGGI) report which looked at the 104 most poorly governed nations on earth.

 

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10 items Nigeria simply has to stop importing in 2021 as foreign exchange remains scarce in the wake of the Covid-19 pandemic 

Ayo Akinfe 

(1) Toothpicks 
(2) Petrol 
(3) Mobile phones 
(4) Generator sets 
(5) Stationery 
(6) Luxury clothing 
(7) Private jets 
(8) Communication gadgets like iPads and laptops 
(9) Automobiles not manufactured by Innoson 
(10) Basic foodstuffs like sugar, milk, fish, etc

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Nigeria spends $1.3bn importing petrol and other petroleum by-products in 2019

NIGERIA spent a total of $1.32bn on the importation of petrol and other petroleum derivatives in 2020 according to recent data just published by the Central Bank of Nigeria (CBN) despite being the world's sixth largest crude oil exporter.

 

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Boko Haram take over Kaure in Shiroro Local Government Area of Niger State and hoist flag there

GOVERNOR Abubakar Bello of Nigeria State has revealed that he is no longer on control of  large swathes of territory in the state after Boko Haram terrorists recently took over the town of Kaure in Shiroro Local Government Area and hoisted their flag there.

 

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Violence continues to dog Imo State as commissioner gets shot by armed robbers

COMMUNUAL violence that recently engulfed Imo State has continued to rage unabated as the state commissioner for entrepreneurship and skills acquisition Iyke Ume has been shot by armed robbers in the capital Owerri.

 

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Nigeria to receive 29.8m doses of Johnson & Johnson coronavirus vaccine by June

NIGERIA is to receive a consignment of 29.8m doses of the Johnson & Johnson coronavirus vaccine through the Covid-19 Vaccines Global Assess Facility (Covax) facility by the end of May or in early June.

 

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