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Nigeria resumes payments to former Niger Delta militants: official

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Nigeria has resumed payments of cash stipends to former militants agreed under a 2009 amnesty in the country’s Niger Delta oil hub, an official said on Thursday. “Two months of the ex-militants stipends were paid yesterday…The rest of their stipends will be paid later in batches by (central bank) CBN,” said Piriye Kiyaramo, an officer in the Amnesty Office. He ...

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Nigeria: Recession – Private Jets Ownership Drops By 50 Percent

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The number of privately owned jets in Nigeria has shrunk by almost 50 per cent between 2015 and 2016, checks by Daily Trust have shown. Within this period, no fewer than 31 private jets have been de-registered with the aircraft either sold off or returned to their owners abroad. The development, it was gathered, is not unconnected with the economic ...

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Nigeria Union of Petroleum and Natural Gas Workers plan to shut down Total Nigeria

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The Nigeria Union of Petroleum and Natural Gas Workers ordered on Thursday a strike at Total fuel truck depots across the OPEC member nation in protest against sackings. “We have stopped the operation of Total. We are at the table with Total discussing the situation of the workers,” Tokunbo Korodo, union chairman in the southwest of the country, said. – ...

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Nigeria: Oando, MRS, Rano, 36 Others to Lift Nigerian Crude in 2017

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The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 companies that will be involved in the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division NNPC, Mr Mele Kyari, said the contract would run for one year effective from January 1 for consecutive 12 ...

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Nigeria: Hackers Shift Attention to Whatsapp Users

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Indications have emerged that hackers are now stealing people’s bank details by sending files over the messaging service, WhatsApp. Vanguard gathered that the hackers’ strategy is designed in a way that once opened (WhatsApp), the documents can gather sensitive information from users, including online banking details. According to a report, the virus has been disguised as a Microsoft Excel files ...

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Nigerian National Petroleum Corporation awards 2017 crude oil contracts

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State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per day (bpd) of crude oil were awarded to 18 Nigerian companies, 11 international trading houses, five foreign refineries, three national oil companies and two “NNPC Group trading arms,” the firm ...

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Nigeria changes date for closure of capital’s airport

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Nigeria plans to close the airport in the capital Abuja for six weeks from 8 March to repair its runway, the aviation ministry said on Tuesday, pushing the move back later than previously scheduled. The decision to shut the airport and divert Abuja-bound flights to Kaduna, an airport used primarily for domestic flights about 160 km (100 miles) to the ...

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Nigeria: Good News for Nigeria As Oil Price Rises to $55.61

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The price of Brent crude rose to $55.61 per barrel on Wednesday, up 26 cents from the previous day in what will be good news to oil dependent Nigeria. The Nigerian government has repeatedly lamented the impact of the fall in global oil prices on its economy which is suffering from a recession. The current Muhammadu Buhari administration has pledged ...

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Sierra Leone: Govt Wages War On Electricity Theft

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Government of Sierra Leone through the Ministry of Energy has formed and launched an Electricity Offence Committee in order to tackle the rate and spate of electricity theft in the country. The Committee was formed and launched at the Conference Room of the Ministry of Justice yesterday on Lamina Sankoh Street in Freetown. It comprises officials from the Ministry of ...

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Nigeria: U.S. Supports Govt’s Fight Against Poverty With Additional U.S.$227.3 Million

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The United States of America has announced the release of $227.3million to help fight poverty in Nigeria. The sum which was announced by the US Agency for International Development (USAID) was in addition to the US developmental assistance to support the five-year $2.3 billion agreement signed with the Nigerian Government in 2015. According to the US, the additional fund now ...

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