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Oil Increases To $57.8 On Fears New Iraq Conflict

Crude oil prices have increased on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices there. Brent crude futures, the international benchmark for oil prices, were at...

INTELS Disagrees With NPA Over Contract Re-award

The disagreement between the Nigerian Ports Authority (NPA) and INTELS Nigeria Limited deepened as the agency said it would soon begin bidding for the withdrawn pilotage contract. The Managing Director of NPA, Hadiza Bala-Usman has said the company was trying to prove to be above...

Monkey Pox Patient Commits Suicide

A victim of monkey pox receiving treatment at the Niger Delta University Hospital (UNDTH), Okolobiri, Bayelsa State, has committed suicide. It was gathered that the victim, whose name was not disclosed, hung himself early yesterday. The state government confirmed the development at a joint press conference...

NNPC: Presidency Denies Awarding $25bn Contract 

The Presidency on Sunday said no contracts worth 25 billion dollars were awarded by the Nigerian National Petroleum Corporation (NNPC). It also said that 25 billion dollars was not missing in the corporation. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of...

Nigeria, JICA Hold Bilateral Talks On Power, Infrastructure Projects

Nigeria has held bilateral discussions with Japan International Cooperation Agency (JICA) power and infrastructure projects as well as some pipeline projects. The Nigerian delegation was led by the Honourable Minister of Finance, Mrs. Kemi Adeosun, while the Senior Vice President of JICA, Mr. Hiroshi Kato,...

Nigeria Asks World Bank, IMF To Scale Up Renewable Energy

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals. Nigeria’s position on renewable energy and regional integration was presented...