Forex market resumes with naira depreciating by 0.11%

Foreign exchange market on Wednesday resumed after the holiday marking the New Year celebration, with the nation’s currency depreciating by N0.41k against the dollar. After trading on Wednesday, naira closed at N364.41k per dollar, losing 0.11 percent compared to N364.00k/$ traded on Monday, the last trading day for 2018, data from FMDQ indicated. However, the……

Edo moves against induced darkness with Ossiomo-CCETC 55mw power project

In a bold move to free Edo people and residents from the endless cycle of darkness foisted on electricity consumers in the state, Governor Godwin Obaseki on Wednesday, visited the 55 megawatts CCETC-Ossiomo Power plant as the facility prepares to commence operation. Addressing journalists after inspecting facilities and progress of work at the CCETC Clean…

Solskjaer matches Busby record as rejuvenated Manchester United defeat Newcastle United

Ole Gunnar Solskjaer’s dream start as Manchester United’s interim boss continued at St James’ Park on Wednesday with a 2-0 victory at Newcastle United. It saw him emulate an achievement set by the club’s most legendary figure. Matt Busby was the only other Manchester United manager to win his first four games in charge, way…

NNPC confirms first oil production from Egina field

Egina deep-water oil field produced its first oil on December 29, 2018, the Chief Executive officer, Maikanti Baru of state-run Nigerian National Petroleum Corporation has confirmed. The $16-billion field began streaming oil at 11.20 pm on December 29, according to Maikanti Baru, group managing director of NNPC. Egina has capacity to produce 200,000 barrels of crude oil……

FG initiates reconciliation with labour leaders on new minimum wage

Federal Government on Wednesday unveiled plans to hold crucial meeting with the leadership of the three labour centres as part of efforts geared toward averting the nationwide strike over the non-implementation of the N30,000 new minimum wage. Those expected at the meeting are: Ayuba Wabba, President of Nigeria Labour Congress (NLC); Peter Ozo-Eson, NLC General…

US embassy to stick to visa interviews despite Govt shutdown

The United States Embassy said Wednesday that its Abuja and Lagos offices remain open for all consular business, including visa interviews. There were concerns that with the US government shutdown, thousands of Nigerians scheduled to leave for the US any time from now will be affected and their visa interviews postponed indefinitely. The embassy has now…