Day: September 24, 2018

Djibouti nationalises Port de Djibouti

James Galad. Port de Djibouti SA which owns 66.66 per cent majority shares in the Doraleh Container Terminal (DCT) has been nationalised by Djibouti. Djibouti cited an order from the president “to protect the fundamental interests of the nation and the legitimate interests of its partners” as reason for taking full control of the company. […]

APC Re-shedules presidential primary

By Sunday Ochai. The All Progressives Congress has shifted the presidential direct primary election earlier scheduled for Tuesday September 25th, to Thursday September 27th. The party announced the shift in a statement today. It urged all duly registered party members to collect their permanent membership cards from their respective wards. It was the second time […]

OPEC, Russia Ignore US President’s call to Raise Oil output

Barkindo, Secretary of OPEC Key OPEC’s player, Saudi Arabia and Non-OPEC biggest oil-producer, Russia, ignored US President Donald Trump on Sunday over his call for more oil output to reduce prices. “I do not influence prices,” Saudi Energy Minister Khalid al-Falih told reporters as OPEC and non-OPEC energy ministers gathered in Algiers for a meeting […]

We have no $470.5 million, N8 billion hidden in banks-NNPC

By Reuben Nwankwo. Dr Baru, GMD of NNPC   The Management of the Nigerian National Petroleum Corporation, NNPC on Friday denied runing any opaque account with the commercial banks and therefore has neither $470.5m nor N8billion of its money hidden anywhere. The state owned oil company was reacting to a sensational report by the Inspector […]

CBN Acquires 21percent Share of NSPM

By Ochai Sunday. Emefiele, CBN Governor   The Central Bank of Nigeria, CBN has acuired 21 per cent shares of Federal Government in the Nigerian Security Printing and Minting (NSPM) in a deal expected to contribute over N17 billion to the national treasury. The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex […]

Chief Whip of House of Representatives Loses Father

By Pascal Emeka Hon Al Hassan Ado Doguwa, Chief Whip of House of Representatives Death has occurred of Alhaji Ado Garba DOGUWA, Father to The Chief Whip, HR Alhassan Ado Doguwa. Aged 88yrs, He died in Mecca KSA while on pilgrimage after a brief illness. Late Alh. Ado was an active politician in the 1st […]

INEC Declares Osun Election Inconclusive, Fixes Date for Completion

By Joseph Adefemi The Osun State governorship election held on Saturday has been declared inconclusive. Announcing the results of all the political parties where the candidate of the Peoples Democratic Party, Senator Ademola Adeleke, had the highest number of votes, the State Returning officer, Mr. Joseph Adeola Fuwape, declared that Adeleke did not meet the […]