The Edo State government has directed the closure of the Nigerian Observer Newspaper, a state-owned media organisation, for a period of one month to allow for the re-organisation and re-launch of the media outfit. Osarodion Ogie, secretary to the state…
To put to bed: Clarifying confusing idiomatic expressions
Idiomatic expressions (shortened as idioms) have been defined as groups of words established by usage as having meanings not deducible from their individual words. Idioms are important linguistic codes that help to express one’s thoughts clearly and co…
Bitget commences global peer-to-peer trading operations
Bitget, a top global derivatives exchange, and leading trading platform have commenced its global peer-to-peer (P2P) trading operations. Gracy Chen, managing director of Bitget, noted that with merchant operations in countries like Nigeria and South Af…
Rich countries proposed cap on Russian output could trigger $200 barrel oil
Some analysts say global oil prices could reach $200 per barrel on the proposed plan by a group of rich nations under the aegis of the G7 to cap the price of Russian crude. The measure was proposed as one way to punish Russia for its invasion of Ukrain…
Nigeria earns over $1bn from gas sale to Portugal in 2022, says Kyari
Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Ltd, on Thursday said that Nigeria has so far earned over $1bn from Portugal through the sale of natural gas in 2022 alone. Kyari said this when President Muhammadu Buhari l…
Flutterwave hires ex-Goldman Sachs executive to push global expansion
Flutterwave, an Africa-focused US payment company, has announced hiring Gurbhej Dhillon, a former managing director at Goldman Sachs as Chief Technology Officer (CTO). Dhillon will be responsible for the further development of Flutterwave’s innovative …
INTERACTIVE: Track the average price of petroleum products in Nigeria
The map below shows the average price of petroleum products in May across all Nigerian states in Nigeria. These petroleum products are gas (10 or 12.5kg, 5kg), diesel, kerosene (gallon, litre), and premium motor spirit (petrol). PMS Price per litre is …
Naira falls to all time low at official market
Naira, Nigeria’s legal tender, has depreciated to an all time low of N424 per dollar at the Investors and Exporters (I&E) forex window, the nation’s official foreign exchange market window. After trading on Wednesday, Naira lost 0.80 percent to close a…
Sahara Power promotes environmental sustainability with gree’n’lectric
The launch of gree’n’lectric, a digital publication dedicated to promoting environmental sustainability in the power sector, will bolster Sahara Power Group’s resolve to seek environmentally relevant options and solutions in its operations, according t…
Crisis in PDP as Ortom withholds support for Atiku
The post-2015 presidential election crisis engulfing the Peoples Democratic Party ( PDP) assumed a new dimension on Wednesday, as Samuel Ortom, Benue State governor, declared that he is waiting for “ divine direction” to support Atiku Abubakar’s candid…