N-Power, FG

The Federal Government's N-Power social intervention programme has been described as the largest graduate jobs programme in the whole of Africa by Acting President Yemi Osinbajo.
The first phase of the programme took in about 200,000 graduates while the second phase, opening in June, is expected to absorb 300, 000 more.

The markets indicators at the Nigeria Stock Exchange (NSE) sustained a bullish trend on Wednesday with some major equities recording gains during the day’s trading. The markets closed on a positive note, for a second consecutive day, as the shares of Seplat Petroleum Development Company leading the gainers table with N17.30 to close at N390 per share.

Following the controversy which has trailed the recent decision of the Nigeria National Petroleum Corporation (NNPC) to concession the Port Harcourt Refining Company (PHRC) owned by the NNPC to Oando as local partner to Nigerian Agip Oil Company (NAOC)/Eni  commonly known as Agip.

At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers agreed to extend a pledge to cut around 1.8 million Barrels Per Day (BPD) until the end of the first quarter of 2018. The initial agreement would have expired in June this year.

Tewolde Gebremariam

Ethiopian Airline boss has promised to support Nigeria and other African nations that are at the verge of setting up their national airlines. Chief Executive Officer of Ethiopian Airline, Tewolde Gebremariam, stated that he would support full ownership structure by government devoid of interference, but with strong management to run the carrier.

The historic passage of the Petroleum Industry Governance Bill (PIGB) by the Senate will effectively end the unhealthy and largely corruptible monopoly of the Nigerian National Petroleum Corporation (NNPC), analysis has shown.

The Director General of the National Youth Service Corps (NYSC), Brig-Gen. Suleiman Kazaure, has disclosed that the scheme would soon begin posting corps members to farms.

Ten ships laden with petrol and other commodities have arrived the nation’s coastal region and are waiting to berth in Lagos ports. The Nigerian Ports Authority (NPA) disclosed this in its ‘ Shipping Position’ on Wednesday. Eight of the ship contained petrol, while the other two ships would berth with aviation fuel and bulk fertilizer.

Aliko Dangote

As part of efforts to its contribution to advance food production in the country, Dangote Group has announced plans to invest $1bn in rice cultivation in five states of the federation.
In a statement made available to newsmen on Monday, Tunde Mabogunje, who represented the Dangote Group stated:

Chief Executive Officer of Oando PLC, Pade Durotoye

More positive news have continued to trial Nigeria’s gradual pull-out from economic recession as indications emerged that the country’s oil output may reach 2.2m bpd as early as June.