World Bank urge Buhari to remove fuel subsidy

The World Bank, yesterday, Dec. 9th, 2015 asked President Muhammadu Buhari to remove petroleum subsidy following the backdrop of the current fuel crisis across the country showing no sign of abating.

Nigeria still have 34 million barrels of unsold crude oil — Ajimobi

The imperativeness of diversification of the nation’s economy away from oil, in the wake of declining oil prices at the global market, was reiterated on Tuesday, when the Oyo State governor, Senator Abiola Ajimobi, decried that the demand for Nigeria’s crude oil had hit an all-time low, Nigeria tribune reports.

Don't drag Buhari into MTN fine by NCC, ANEEJ warns Minister

LAGOS  — The Africa Network for Environment and Economic Justice, ANEEJ, has asked Adebayo Shittu, the Minister of Communications, not to bring President Muhammadu Buhari into the $5.2 billion fine imposed on MTN by the Nigerian Communications Commission, NCC.

Shell & Chevron set to drop 8,000 workers

PORT HARCOURT — Reports have emerged on a plan by Chevron and Shell Nig Ltd to drop some of their workers.

NAFDAC fine Guinness Nigeria N1B

LAGOS — The National Agency for Food and Drug Administration and Control (NAFDAC) has fined Guinness a huge some of N1 billion for “its failure to adhere to the recommended good manufacturing practice procedures,” Bloom Gist learnt.

MTN CEO says he resigned in the interest of the company

Kwazulu-Natal - The Group Chief Executive Officer of  MTN,  Sifiso Dabengwa, has resigned following the massive N1.04 trillion ($5.2 billion) fine imposed on the company by the Nigerian Communications Commission, NCC.

One billion people now visits Facebook every day

The social network now has more than 1.5 billion registered users for the first time ever - around half of the world's internet-connected population.

Canadian company wants US to stop oil pipeline review

The White House said Tuesday that a Canadian company’s request to postpone a decision on an oil pipeline running from Canada to U.S. Gulf coast was “unusual”.