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Oil Firm Begins Oil Exploration In Lagos

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An oil firm, Yinka Folawiyo Petroleum Company Limited (YFP), has started the production of crude oil from its Aje Field located in Block OML 113, offshore Lagos.The firm said oil produced from the Aje field will be stored on the Front Puffin, which has production capacity of 40,000 barrels of oil per day and storage capacity of 750,000 barrels.Aje is …

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Fidelity Appoints Balarebe Acting MD

MOHAMMED-BALARABE

Fidelity Bank Plc yesterday appointed an Acting Managing Director, Alhaji Mohammed Lawal Balarabe in place of its troubled Chief Executive Officer, Nnamdi Okonkwo.The bank’s Board of Directors which approved the appointment, said the development followed the absence of the substantive Managing Director/Chief Executive Officer. While announcing Balarabe, who prior to the appointment was the Executive Director North, the bank reassured …

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BREAKING: Oba Of Benin Kingdom Is Dead!

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Oba of Benin, Omo n’Oba Erediauwa Akpolokpolo I, is dead. According to  NigerianEye gathered that a native chalk was broken within the palace to signify his passage to join his ancestors. His death was announced by the Prime Minister and Iyase of Benin Kingdom, Chief Sam Igbe, in company of other traditional Chiefs and Enigie (Dukes), with the traditional braking of …

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The Christian Association of Nigeria (CAN) has called on the Federal Government to ignore calls for the arrest of former President Goodluck Jonathan. The association said the calls were coming from “mischievous Nigerians”, and were aimed at throwing the country into “chaos”. “Such call will only set a wrong precedence in the political development of our dear nation and open …

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New Edo Versity Takes Off With 500 Students

The new Edo University at Iyamho in Estako West local government area of the state has taken off with 500 students. The state’s Commissioner for Education, Gideon Obhakhan, disclosed this when he appeared before members of the Edo State House of Assembly. The lawmakers had on April 20 summoned the Commissioners for Finance, Education, Environment, Public Utility, and Housing and …

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U.S Agrees To Help Nigeria Reconstruct North East Says Minister

The Minister of Foreign Affairs, Mr Geoffery Oneyama, says the U.S. has agreed to help Nigeria reconstruct and rehabilitate the North Eastern communities destroyed by Boko Haram. Onyeama told the News Agency of Nigeria (NAN) in Abuja on Tuesday that an agreement to that effect was reached following a bi-national commission meeting with the U.S. in Washington D.C. in March. …

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Capacity Building: Nigeria, France To Sign 50m Euros Loan Agreement For Training

Federal Government would in May sign a 50 million Euros (about (N11.15 billion) loan agreement with French government for capacity-building and upgrade of power training facilities in Nigeria, a government official has said. Dr Reuben Okeke, Director-General, National Power Training Institute of Nigeria (NAPTIN) made this known at a graduation of trainees at the institute’s National Graduate Skills Development Programme …

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Federal Government Consider NYSC Members Allowance Raise

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Johnson Olawumi, a former Brigadier-General of the Nigerian army and immediate past Director-General of the NYSC, shared the plans to increase allowances of corps members. The news were announced during a handing over ceremony in Abuja on Monday, April 18. He also added that the federal government is aware of lack of funding and would likely grant the request. Brig. …

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