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Business Oil & Gas Top Story

NNPC: China’s Addax withdraws from four Nigerian oil blocks

Nigeria’s NNPC Ltd. announced on Tuesday that Sinopec’s Addax Petroleum Development (Nigeria) Ltd. has ceded its four main oil mining blocks in Nigeria to the state-owned oil corporation. By establishing Production Sharing Contracts (PSCs) with NNPC, Addax launched operations in Nigeria in 1998. “NNPC Ltd and Addax Petroleum Development (Nigeria) Ltd signed a Memorandum of Read More…

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Crime Cybercrime Nigeria Top Story

Nigeria joins 36 nations, 13 firms to meet in Washington on ransomware

This week, the White House will welcome representatives from 13 international firms and representatives from 37 nations, including Nigeria, to discuss the rising danger posed by ransomware and other cybercrime, including the unauthorised use of cryptocurrency. Last year, the informal Counter-Ransomware Initiative was launched online. This year, seven more countries and a number of new Read More…

Aviation Metro Top Story Travel

Association prevents travellers’ access to MMA2 terminal over dismissals

To the dismay of air travellers, the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) barricaded the “Terminal 2” building at the Murtala Muhammed Airport in Lagos on Tuesday. As a result of the association’s action, flights were grounded and passengers were stranded. The union blocked the entrance to the terminal building to protest Read More…

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Africa Top Story World

Why are this year’s West and Central Africa floods so bad?

A Reuters Analysis Since June, parts of West and Central Africa have been getting unusually heavy rains for this time of year. This has caused terrible floods that have hurt millions of people and buried farms in 19 countries. The causes of the flooding as well as information on their impact, according to a Reuters Read More…

Banking Business Top Story

President Buhari backs CBN’s redesign of naira notes

According to President Muhammadu Buhari, the CBN has his backing as it introduces new designs and replaces high-value notes. Malam Garba Shehu, the president’s media aide, claimed in Abuja on Sunday that Buhari made his opinion clear while participating in a Hausa radio programme that will be broadcast on Wednesday. Dr. Zainab Ahmed, the minister Read More…

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Fire Metro Top Story

Sanwo-Olu opens a new fire service headquarters and 3 stations

In order to address the state’s fire emergency, Lagos State Governor Babajide Sanwo-Olu on Wednesday dedicated an improved headquarters and three newly built fire stations. The three freshly built stations are located at Ebute Elefun, Oniru, and Ajegunle, while the rebuilt fire service headquarters is in Alausa, Ikeja. Sanwo-Olu noted that the government’s commitment to Read More…