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Refinery: Why Modular May Not work

Refinery: Why Modular May Not work

Refinery: Why Modular May Not work   The plan by the federal government to establish modular refineries to replace illegally operated ones in the creeks of the Niger Delta region comes with social and economic benefits but there are enormous challenges ahead.   An aerial view of the creeks of the Niger Delta region gives a graphic detail of the environmental pollution and degradation compounded by the operation of illegal refineries. As the self-made ‘petroleum

Olumide Bakare Photo

Nollywood Actor Olumide Bakare Is Dead

  The actor died in the early hours of Saturday after a “successful surgery”. Bakare had been battling heart and lung related illnesses and was admitted at the University College Hospital (UCH), Ibadan, Oyo state. Mufu Onifade, former president of the National Association of Nigerian Theatre Arts Practitioners (NANTAP), has confirmed his death in a statement. “He had a successful surgery and after the surgery, he talked to people and told them he was fine.

Nigerian Police Photo

32,037 Personnel Promoted By Nigerian Police

Police Authority has promoted 30,000 personnel of the force since the present management team of the police came into office in July 2016. According to Mr. Emmanuel Inyang, who supervises the South-South zone, also disclosed that the authority released N200 million, as a palliative for retirees of the force. The DIG explained that 4,410 of the persons promoted are senior officers. He said the Inspector-General of Police, Mr. Ibrahim Idris, had approved the promotion of all

Ugo Ehiogu Photo

Ugo Ehiogu, Nigerian Born Star Defender, Dies

Nigerian-born British former football player, He was, until his death, Tottenham Hotspur’s U-23 team coach. A statement by Tottenham Hotspur reveals  that “Ugo received immediate treatment after suffering a cardiac arrest at the Training Centre yesterday before being transferred to hospital, where he passed away in the early hours of this morning.” A former England international, with limited appearances though, Ehiogu played professional football for Aston Villa and Middlesbrough, among others. He was described by

Kemi Adeosun

G24 Meeting: Tax Revenue, Inclusive Growth, Budget Transparency Take Centre Stage

Finance minister, Kemi Adeosun has called for a focus on non-oil revenue growth, tax compliance, and budget accountability to drive sustainable economic development. The minister spoke at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue and achieve inclusive growth. The minister said, “Revenue mobilization is critical to the success of Nigeria’s economic reform agenda. We have an unacceptably low level of non-oil revenue, and much of that is driven

Europa League Semi-Finals

Europa League Semi-Finals: Man U Vs Celta, Ajax Vs Lyon

Manchester United have been drawn against Celta Vigo in the Europa League semi-finals. In the second tie, Ajax will take on Lyon. The first legs will take place on May 4 and second leg on May 11, while the final will kick off 13 days later, on May 24 in Stockholm, Sweden. Currently, 5th in the Premier League, Jose Mourinho’s United will be keen to win the title as that would guarantee them Champions League

Cashhless Policy Photo

Cashless Policy Suspended By CBN, Banks To Refund Charges

  Central Bank of Nigeria (CBN) has suspended its prior directive on the implementation of cashless policy.     CBN had formerly announced new charges on deposit and withdrawals above a threshold of N500,000.   The apex bank had directed banks to charge 5% and 10% for deposits and withdrawals above N40m in the corporate category.   The bank had fixed 1.5% and 2% for deposits ranging from N500,000 and N1 million in the individual

EFCC Photo

President Buhari Suspends SGF And DG, NIA

The President has also directed the suspension of the SGF from office pending the outcome of the investigations. In a related development, the President has ordered a full-scale investigation into the discovery of large amounts of foreign and local currencies by the Economic and Financial Crimes Commission (EFCC) in a residential apartment at Osborne Towers, Ikoyi, Lagos, over which the National Intelligence Agency (NIA) has made a claim. The President has also directed the suspension

CIBN Photo

CIBN Hosts World Conference Of Banking Institutes

The Chartered Institute of Bankers of Nigeria,CIBN, has announced its readiness to host all banking institutes, including over one thousand banking and finance professionals in the world at the 22nd edition of the World Conference of Banking Institutes which holds in Lagos from April 24 to 28, 2017 at Eko Hotels & Suites, Victoria Island, Lagos. The theme of this year’s edition is “Re-Thinking the Future of Banking and Finance & Life Long Learning” The


Edo Election Petition Tribunal Declared Obaseki Winner

The Edo State Election Tribunal has upheld the election of Godwin Obaseki as the governor of the state. Justice Ahmed Badamosi lead Tribunal in its judgment today in Benin city declared the APC winner of the election by dismissing the petition filed by the Peoples Democratic Party (PDP) and its candidate, Pastor Osagie Ize-Iyamu.