Objective Nigerian Stories…
Addax – The Nigerian National Petroleum Company (NNPC) Limited on Tuesday announced it has signed a settlement and exit agreement with Sinopec’s Addax Petroleum Development (Nigeria) to exit its four major oil mining blocks in the country. With this agreement, according to NNPC Limited, Addax has ceased to be the Production Sharing Contract (PSC) contractor for the […]
Naira – Despite the Economic and Financial Crimes officials’ crackdown on Bureau D Change operators in Abuja on Tuesday, the value of Nigeria’s naira deteriorated further against the dollar at the parallel market. The naira traded at N855 per dollar as of Wednesday afternoon, Peoples Gazette reports. The naira’s free fall could reach N1,000 per […]
The newly inaugurated Nigeria Egypt Cultural and Socio Economic Forum (NECSEF) is a model business association focused on promoting successful economic relations between Nigeria and Egypt. NECSEF’s aspiration is to be the one stop organisation and preferred gateway for conducting business in Nigeria by Egyptians, providing trust and the ability to engage with highly influential […]
Buhari – The President, Major General Muhammadu Buhari (retd.), on Thursday, urged Nigerians to trust the ability of the country’s armed forces to quell the violence and insecurity nationwide and restore lasting peace. He also said, under his watch, the military would maintain its operational drive to degrade terrorists and their activities, especially in the […]
King Charles – The new king has paid tribute to his “beloved mother” in a statement declaring the death of the Queen to be “a moment of the greatest sadness for me and all members of my family”. The first statement “from His Majesty the King” said: “We mourn profoundly the passing of a cherished […]
Anamekwe – He was said to have been replaced two weeks ago with AGF Mr Okolieaboh Ezeoke Sylvis, a former TSA (Treasury Single Account) Director. The Nigerian government has replaced Mr Chukwuyere N. Anamekwe as the acting Accountant-General of the Federation (AGF), The Nation reports. He was said to have been replaced two weeks ago […]
Nigerian stocks capped a bearish week with depreciation worth N749.8 billion on Friday as the main equity index shed 1.21 per cent, a retreat triggered by sell-off in bank shares. It has been an especially difficult week for bank stocks in finding investors, which has set the banking index (the benchmark that tracks the top […]
El-Rufai of Kaduna State has disclosed why President Muhammadu Buhari loves Rotimi Amaechi, the outgone Minister of Transportation. Rufai disclosed that Buhari loves Amaechi due to his decision to defect from the Peoples Democratic Party, PDP, to the All Progressives Congress, APC, during the era of former President Goodluck Jonathan. He disclosed this when Amaechi […]
Expo 2020 Dubai – The Nigerian Arabian Gulf Chamber of Commerce (NAGCC) hosted the last instalment of the Nigerian Trade & Investment Forum as part of the ongoing and soon to be concluded Expo 2020 Dubai. The event featured senior government ministers from the ministries of Power, Water resources and the Federal Capital Territory, showcasing […]
Mahmood Ahmadu – The Federal Government through the Nigerian Arabian Gulf Chamber of Commerce (NAGCC) has signed a memorandum of understanding (MoU) with the National Polish Arab Chamber of Commerce to facilitate trade and investment opportunities. The Chairman of the NAGCC, Mahmood Ahmadu, signed on behalf of his organisation while Robert Jreissati signed for the […]