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Middle East crisis could deliver N30trn oil windfall to Nigeria — NESG

*Projects $57bn external reserves from oil price surge *Urges FG to save windfall By Babajide Komolafe The Nigerian Economic Summit Group, NESG, has projected that Nigeria could earn as much as N30 trillion in additional oil revenue if global crude prices remain elevated due to the escalating geopolitical tensions in the Middle East.  In a […]

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Court orders insurers to indemnify IRS airlines

A Lagos High Court has ordered Standard Alliance Insurance Plc and 17 other Nigerian insurance companies, alongside a foreign third-party reinsurer, to indemnify IRS Airlines Limited over the total loss of its Fokker 100 aircraft (5N-SIK) following an accident in Niger Republic on May 10, 2014.

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Nigeria seeks collaboration of Sahel States against evolving IED threats

 Nigeria has urged West African and Sahel countries to strengthen collaboration to tackle the growing threat of Improvised Explosive Devices  (IEDs) in the ongoing counter-insurgency operations. Maj.-Gen. Adamu Laka, the National Coordinator, National Counter Terrorism Centre – Office of the National Security Adviser (NCTC-ONSA), made the call at the closing of a five-day Counter-Improvised Explosive […]

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IWD: 35% women in Onigbongbo council as LCDA woos investors

Chairman of Onigbongbo Local Council Development Area, LCDA, Moyosore Adebanjo, has reaffirmed the administration’s commitment to women’s leadership, saying the recently inaugurated Executive Council includes 35 percent female representation. Moyosore, who said strong economies were not built by government alone but through partnership, called for private sector collaboration with his administration. He spoke at the […]

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