Business articles

Nigeria, Libya move to boost oil output in 2018

Nigeria, Libya move to boost oil output in 2018

Less than two weeks after the Organization of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Libya and Nigeria, have indicated their intent to raise output in 2018. While several ministers at the November 30 meeting of the OPEC suggested the two nations had joined the output-curbing deal, both are working to add

JAMB remitted N7.8bn to FG from 2016 UTME – Oloyede

The Joint Admissions and Matriculation Board (JAMB) on Tuesday said it remitted N7.8 billion to Federal Government coffers from 2016 University and Tertiary Matriculation Examinations (UTME).   The board’s Registrar, Prof. Is-haq Oloyede, made this known when a delegation from National Officers Council of Colleges of Education Academic Staff Union (COEASU) paid a visit to

Airtel, Chicken Republic to feed 5,000 Nigerians for 5 days

Airtel Nigeria says it is partnering with Chicken Republic to feed over 5,000 less-privileged Nigerians in five days this yuletide season. The Managing Director of Airtel, Mr Segun Ogunsanya, said in a statement on Tuesday in Lagos that the gesture was part of Airtel’s annual corporate social responsibility initiative dubbed, `Airtel Five Days of Love’.

Hackers hit US, Russian banks in ATM robbery scam

Previously undetected group of Russian-language hackers silently stole nearly 10 million dollars from at least 18 mostly United States and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said. Group-IB warned that the attacks, which began 18 months ago and allowed money to be stolen from banks’ Automated Teller

Oil price jumps above $65

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts. Brent crude futures on Tuesday, the international benchmark for oil prices, were at $ 65.07 dollars a barrel at 0211 GMT.

Fuel Scarcity Bites Harder Across Nigeria Despite FEC Riot Act

Despite FEC order, fuel scarcity bites harder across Nigeria December 11, 2017Premium Times FILE PHOTO: Fuel queue in Abuja Related News Resolve fuel queues this week, FEC mandates petroleum minister Fuel Scarcity: Petroleum Minister, Kachikwu, apologises for ‘not-a-magician’ comment I won’t resign – Kachikwu NNPC calls for calm as fuel queues resurface in Abuja Fuel

We are expecting additional 1,129 MW in 2018 – Fashola

The Federal Government on Monday announced that when some power generation projects were completed by 2018, they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country, the Minster of Power, Works and Housing, Mr Babatunde Fashola revealed. The Minster said this at the 22nd monthly meeting of stakeholders in the