The Nigerian Senate on Monday faulted a suit seeking to stop it from utilizing the sum of N5.5billion it has allegedly earmarked for the purchase of official vehicles for its Principal Officers.
Italian multinational oil and gas company, Eni has announced the discovery of huge gas and condensate found in its Obiafu-Obrikom oil fields in oil mining lease (OML61) onshore Niger-Delta region. The find which was about one trillion cubic feet of gas and 60 million barrels of associated condensatewas through the Nigerian Agip Oil Company (NAOC).
The Central Bank of Nigeria (CBN) has disclosed that the general public can continue to return mutilated banknotes to their banks after the September 2, 2019 deadline earlier reported. It stated that banks would continue to accept the bad notes from customers as part of its efforts to improve the overall quality of the naira notes in circulation.
President Muhammadu Buhari has approved the appointment of a 16-man new board of the Niger Delta Development Commission (NDDC), with Dr Pius Odubu as the Chairman.This was made known in a statement signed by Olusegun Adekunle, the Permanent Secretary (General Services Offices), Office of the Secretary to the Government of the Federation (SGF).
A US-based company, Shine Bridge Global (SBG) has disclosed its willingness partner with the Central Bank of Nigeria (CBN) and other agencies to produce enough cassava that would be processed into functional flour for making gluten-free consumer foods for humans and animals in Africa, North America, and Europe.