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Nigeria, S’Arabia begin talks on iron ore processing

Nigeria and Saudi Arabia have initiated talks on the extraction and processing of iron ore into steel. A statement signed by the Special Adviser to the solid minerals minister, Kehinde Bamigbetan, on Monday, said the Minister of Solid Minerals Development, Dr Dele Alake, and the Deputy Minister of Minerals and Energy of Saudi Arabia, Khalid...
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Oil producers, NMDPRA differ on petroleum levy collection

Oil producers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Monday expressed diverse opinions over who should collect the 0.5 per cent wholesale price levy imposed on petroleum products by the Petroleum Industry Act. While the NMDPRA said the oil producers should collect the levy and remit it into their accounts, the players...
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Oando raises oil production output by 50%

Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months. It said the achievement followed the acquisition of Nigerian Agip Oil Company from Eni, earlier this year. The Managing Director of Oando Energy Resources Nigeria Limited, Dr. Ainojie Irune, disclosed this during a recent meeting with...
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Foreign investments in telecoms crash by $99m – NBS

Foreign investments in Nigeria’s telecommunications sector fell sharply to $14.4m in the third quarter of 2024, marking an 87 per cent decline from the $113.42m recorded in the second quarter, the National Bureau of Statistics has said. Foreign investments in the sector dropped by $99.02m going by the latest NBS data above. In this context,...
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OPS urges sustenance as naira gains N137/$

The naira appreciated by N137.69 against the United States dollar within a week, following the introduction of the Central Bank of Nigeria’s new foreign exchange platform. Data obtained from the CBN’s website on Sunday showed that the closing exchange rate, which was N1672.69 per dollar on Friday, November 29, 2024, rose to N1,535/$ at the...
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Nigeria not blocking airline fund repatriation – IATA

Nigeria has exited the list of countries blocking the repatriation of airline funds, a new report by the International Air Transport Association stated on Monday. This was as the Geneva, Switzerland-based IATA noted that airlines’ trapped funds globally currently amount to $1.7bn. A small improvement compared to the $1.8bn reported at the end of April....
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CSCS receives two ISO certifications

Central Securities Clearing System Plc has been awarded the ISO/IEC 27001:2022 and ISO 22301:2019 certifications by the globally renowned management system certification body. CSCS in a statement on Saturday said that the recognition underscored its commitment to international best practices in information security management and business continuity. ISO 27001 is an internationally recognised benchmark for...
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Routelink urges businesses to embrace multi-channel communication

Routelink Group has called on businesses to adopt a Communication Platform as a Service to stay ahead of customer expectations and improve communication strategies. A statement provided to our correspondent by the firm on Sunday indicated that experts discussed how CPaaS offers cloud-based solutions that simplify communication and foster business growth. The Programme Director of...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...