Economy Archives - Page 63 of 71

Oct

03

2022

N17bn allocated to stop oil theft diverted – Falana

Economy, Metro, Opinion, PoliticsCrime, Economy, Lifestyle, Metro, Next Level, Nigeria, Opinion, Politics

A human rights lawyer, Femi Falana, SAN, at an event organized by the Socio-Economic Rights and Accountability Projects, monitored by SEGUN ADEWOLE, laments the injustice done to the Niger Delta region and the Federal Government’s decision to place the Niger Delta Development Commission under the Ministry of the Niger Delta Human rights lawyer, Femi Falana, has alleged that about N17bn allocated to stop oil theft has been diverted Falana, while delivering his goodwill message in Lagos State Thursday, also stated that the Ministry of Niger Delta ought to be under the NDDC, and not the other way around. He spoke at…

Sep

17

2022

By Amos Oge Kalu

Just In: Petrol Tanker Fails Brakes, Ram Into House In Ebem Ohafia

Abia State, Metro, OhafiaAbia State, Accident, Ebem Ohafia, Economy, Ohafia

The news reaching OHAFIATV News desk has it that a trailer concerning petrol has failed brakes and ram into a nearby building, causing damages. According to the facebook post corroborating the news report: The report has it that the petrol tanker parked at UDDY KING FILLING STATION, Uzofuru, Ebem Ohafia to offload. Unfortunately, the brake failed and on its own descended across the road without the driver in it. Luckily, there was no vehicle coming from both sides when the petrol tanker was running across the main road. No casualty.. Both sides of the road have been blocked while efforts…

Sep

15

2022

By Amos Oge Kalu

NNPC to sign gas pipeline agreement with Morocco

Business, EconomyAfrica, Economy, Nigeria, Politics, World News

the Nigerian National Oil Company (NNPC) Limited said it will sign agreements on the gas pipeline project with Morocco’s National Office for Hydrocarbons and Mines and the ECOWAS Commission on Thursday. NNPCL said the deal is expected to boost the implementation of the 7,000 km Nigeria-Morocco gas pipeline project. The Nigeria-Morocco gas pipeline was proposed in a December 2016 agreement between the NNPC and the Moroccan National Office for Hydrocarbons and Mines (Junta Nacional de Hidrocarburos y Minas). In June, the Federal Executive Council authorized the NNPC to enter into an agreement with ECOWAS for the construction of the pipeline. The government…

Sep

06

2022

By Chimamanda

Naira falls to an eight-month low as dollar rises

NewsEconomy, Metro, Money, Next Level, Nigeria

Naira fell to an eight-month low against the dollar on Monday, depreciating 0.75 percent against the dollar in the spot market window. The local currency opened trading at N431.30 but closed at N434.75 per dollar at the close of business on Monday. data published by FMDQ where forex is officially traded, he revealed. The Nigeria Naira rose to an intraday high of N425.00 and fell to a low of N437.50 before closing at N434.75 for $1, the weakest official market rate the Naira saw in eight months. This became significant as foreign exchange turnover rose 6.6 percent ($99.68 million) from $93.54…

Sep

01

2022

By Amos Oge Kalu

Nigeria now has 20 million children out of school – UNESCO

Economy, Education, MetroEconomy, Education, Metro, Nigeria

Nigeria now has some 20 million children out of school, according to the latest global data on children out of school from the United Nations Educational, Scientific and Cultural Organization (UNESCO). UNESCO, which says a new and improved methodology was used to arrive at the latest figures, said there are “244 million children and young people between the ages of 6 and 18 worldwide (who) are still not attending school. school”. According to statistics, India, Nigeria, and Pakistan have the highest numbers of children out of school globally. Figures in Nigeria have hovered between 10.5 million and around 15 million…