News

Suspected oil rebels attacked a gas pipeline in Nigeria’s restive south, breaking a fragile truce between them and the government, an oil company spokesman told AFP Tuesday. The attack on a pipeline operated by the Nigerian Gas Company Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), took place on Saturday near Sanomi creek, close to the oil hub …

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Shareholders of Nestle Nigeria Plc on Tuesday approved a total dividend of N7,926,562,520 which amount to N10 per ordinary share. For Shareholders that have completed their E-Dividend mandated are expected to receive their bank alerts on Wednesday May 24, 2017. Addressing shareholders at the company’s 48th Annual General Meeting in Lagos, Nestle Nigeria chairman Mr. David Ifezulike reminded shareholders on the …

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The Inspector- General of Police, Mr Ibrahim Idris, says the Nigeria Police have concluded arrangements to recruit 30,000 personnel annually. Idris, represented by Mr Shuaibu Gambo Deputy Inspector-General of Police in charge of Finance and Administration, made the disclosure on Tuesday in Ilorin while addressing officers and men of Kwara Police Command. “The fight against crime and criminality will not …

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The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) decided to hold key interest rate at record 14 percent, while seeking convergence in foreign exchange market. Godwin Emefiele, governor of the apex bank disclosed this at the end of the meeting in Abuja on Tuesday, said all members of the committee voted to hold interest rate at …

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Karu Grade 1 Area Court, Abuja, on Tuesday, sentenced one Stephen Lengshak, 30, to five months imprisonment for repeatedly threatening and intimidating his older siblings. The judge, Mr Hassan Ishaq, sentenced the defendant after he pleaded guilty to the offence of criminal intimidation levelled against him. The offence contravened the provisions of Section 397 (b) of the Penal code. Ishaq, …

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The Commissioner for Environment and Water Resources in Oyo State, Mr Isaac Ishola, says wares seized from traders who flout environmental sanitation laws will be distributed to orphanages. Ishola said in a statement in Ibadan on Tuesday that street trading persisted because offenders were able to retrieve their wares after paying fines. The commissioner said in the statement signed by the  Press …

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The Senate during plenary on Tuesday agreed to discuss the billing system of all distribution companies in the country. The decision of the Senate followed a motion by Senator Dino Melaye who relied on a point of order to accuse the AEDC of astronomical billing. Melaye said officials of the Abuja Electricity Distribution Company came to his residence and changed …

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Sokoto State Government has released the sum of N1bn to support small and medium scale enterprises in the state. The money is part of its counterpart fund in a N2bn intervention fund to be floated in collaboration with the Bank of Industries. Speaking when he led officials on an inspection visit to SG Adiya Farms in Bodinga LGA of the …

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The National Bureau of Statistics on Tuesday released the Gross Domestic Product growth rate report for the first quarter with the economy contracting by -0.52 per cent in the first quarter of this year. With the economy having a negative growth rate of -0.52 per cent,  the economy is still in recession. The rate of growth for the first quarter …

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The Nigerian Civil Aviation Authority (NCAA) is set to hold high level talks with the European Union Air Safety Committee (ASC) of the European Commission (EC) this week to resolve all discrepancies that will lead to lifting of the ban on Medview Airlines. This is part of a series of engagements with the European Commission (EC) in the aftermath of …

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