By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has declared a state of emergency on oil production to boost Nigeria’s crude oil output and reserves. Mele Kyari, the Group Chief Executive Officer of NNPCL, announced this during the 23rd Nigeria Oil and Gas Conference and Exhibition in Abuja. Kyari said, “We have decided…
Nigerian political figure Peter Obi has urged voters in the UK to “Vote Labour on Thursday, 4 July” ahead of the upcoming general election. This comes as pollsters predict a big win for the Labour Party in the UK. Obi’s statement on Tuesday via X is one of many voices in the heated political discussion…
The Stanbic IBTC Purchasing Managers Index (PMI) fell to its lowest in seven months due to low demand and high prices. The monthly PMI, released on Monday, showed a drop to 50.1 points in June from 52.1 in May, marking a seven-month low. Muyiwa Oni, Head of Equity Research West Africa at Stanbic IBTC Bank,…
Wema Bank, the creator of Africa’s first fully digital bank, ALAT, has urged everyone to focus on digital empowerment for Micro, Small, and Medium Enterprises (MSMEs) to create a sustainable MSME ecosystem in Nigeria. This message was delivered during the International MSMEs Day and MSME Awards Night 2024. The event was organized by the Federal…
In Gaza, intense fighting erupted in the Shujayea area as the UN confirmed that the number of displaced people in the besieged territory has reached 1.9 million. Amid escalating violence, hundreds of Palestinian patients evacuated the European Hospital and tent camps in Khan Younis following an Israeli army order to evacuate eastern Gaza. Israeli airstrikes…
North Korea successfully tested a new tactical ballistic missile capable of carrying a 4.5-tonne “superlarge warhead,” state media reported. The test of the Hwasongpho-11 Da-4.5 missile aimed to verify its flight stability and accuracy at a maximum range of 500km (310 miles) and a minimum range of 90km (55 miles), according to the Korean Central…
Edo State Deputy Governor, Engr. Godwins Omobayo, welcomed over 500 defectors from the opposition All Progressives Congress (APC) and the Labour Party (LP) in his Akoko-Edo local government area, bolstering the prospects of the Peoples Democratic Party (PDP) and its governorship candidate, Asue Ighodalo, ahead of the September 21st governorship election. During the reception of…
While addressing the audience during the opening session of a three-day summit organized by the Manufacturers Association of Nigeria (MAN) at the Banquet Hall of the State House, Abuja, on Tuesday, Aliko Dangote expressed concerns over the high interest rates, stating that businesses cannot cope with the current rate. In May, following a two-day meeting,…
Kogi State Commissioner for Health, Abdulazeez Adeiza, announced on Tuesday that the government has unveiled comprehensive infection prevention tools to ensure a cholera-free environment in the state. Adeiza stated that Kogi State has been fortunate to experience minimal impact from the current cholera outbreak. “One case has already been discharged, and the other is currently…
