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For today, May 17 2016


Uproar in House as Kachikwu defends fuel price increase
The House of Representatives was in an uproar yesterday following a protest by members of the minority Peoples Democratic Party (PDP) against the recent increase in the price of petrol. READ MORE

PDP resolves feud, Sheriff is sole candidate for chair
The crisis that had rocked the Peoples Democratic Party (PDP) preparatory to its May 21 national convention recorded a turn for the better yesterday as stakeholders shifted positions and reached compromises on earlier positions in search of peace. READ MORE

Hillary Clinton to enlist husband, Bill, to revitalise economy
The Democratic frontrunner in the race for the White House, Hillary Clinton, said yesterday that she would enlist her husband, Bill, to revitalise the economy. READ MORE


Reps in rowdy session over subsidy removal
The House of Representatives on Monday urged the leadership of the Nigeria Labour Congress to suspend the union’s planned strike to protest the removal of subsidy on petrol by the Federal Government. READ MORE

Fuel price hike: FG, Labour meeting ends in a deadlock

Talks between the Federal Government and organised labour on the increase in the pump price of petrol ended in a deadlock on Monday night. READ MORE

‘Oshiomhole should apologise to APC leaders’
A governorship aspirant in Edo State, Mr. Blessing Agbomhere, has called on Governor Adams Oshiomhole to tender an apology to the national leadership of the All Progressives Congress for denigrating the party leaders. READ MORE


Kachikwu: Nigeria’s oil production falls to 1.4m bpd

Nigeria’s oil production has fallen by almost 40 per cent to 1.4 million barrels a day due to militant attacks on facilities in the Niger Delta region, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said. READ MORE

Lagos joins oil states
Lagos State Governor Akinwunmi Ambode yesterday declared that Lagos has officially joined the league of oil producing states in Nigeria, following the discovery of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry, Lagos. READ MORE

600,000 jobs coming with liberalised oil sector, says govt
Information Minister Lai Mohammed yesterday gave more insight into how fuel price was raised from N86.50 to N145 per litre. READ MORE


Rising inflation, slowing economy add to rate hike dilemma
Nigeria’s fiscal and monetary policies are set to work at cross purposes as economic planners confront prospects of the biggest six year rise in consumer prices converging with growth rates plummeting to the lowest levels in a decade. To kick start growth Nigeria’s newly elected President Muhammadu Buhari last month signed into law an expansionary… READ MORE

Nigeria disruptions trigger oil rally to near $50 per barrel
The oil price moved closer to the $50 a barrel mark for the first time since November, as disruption in Nigeria and another potential threat to supply in Venezuela helped extend crude’s rally. Militant threats to pipelines in Nigeria, a key Organisation of Petroleum Exporting Countries (OPEC) producer, is the latest fillip for an oil… READ MORE

Non-oil exporters not ready, as EU to lift agro-commodities ban
There is uncertainty over Nigeria’s readiness to resume exports of banned agro-commodities, especially beans, to the European Union (EU) due to few indications that concrete arrangements have been put in place to forestall future recurrence of the ban which expires in June. The European Food Safety Authority while banning beans exports from Nigeria last year… READ MORE

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