POLITICS

The Director-General, Lagos State Pension Commission, Mr. Babalola Obilana, has said the state government paid over N1bn to retirees in April. He disclosed this while delivering a speech at the retirement bond certificates presentation ceremony to the 84th batch of the Contributory Pension Scheme retirees in Lagos. Obilana said Lagos State had been consistent with its leadership role in the implementation of the CPS in line with the provisions of […]

US President, Joe Biden’s, $2.3 trillion infrastructure plan faces a contentious path on Capitol Hill, where Republicans criticized the proposed corporate tax increases as a nonstarter and some Democrats began to jockey for their own demands. Mr. Biden’s plan would provide $621 billion for surface transportation, $400 billion for long-term care for elderly and disabled people under Medicaid and $300 billion for domestic manufacturing, along with hundreds of billions of […]

The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, Thursday resolved to gradually ease its oil output cuts from May till July. Sources said OPEC, which has been implementing deep cuts since oil prices collapsed in 2020 due to the COVID-19 pandemic, agreed to ease production cuts by 350,000 barrels per day in May, another 350,000bpd in June and a further 400, 000 to 450,000bpd in […]

The President, Muhammadu Buhari has on Monday said the Nigeria Liquefied Petroleum Natural Gas company has generated $114bn revenues for the country. He said this at the Nigeria International Petroleum Summit 2021 Pre-Summit Conference and official inauguration of the Decade of Gas in Abuja, adding that the NLNG was contributing one per cent to the country’s Gross Domestic Product. This came as the Managing Director, NLNG, Tony Attah, announced that […]