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Business and Economy

SERAP gives NNPCL 7 days to account for ‘missing $2.04bn, N164bn oil revenues’

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Mele Kolo Kyari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” SERAP said the allegations are documented …

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Local Content: NCDMB holds knowledge-sharing session with Mozambique

In keeping with Nigeria’s leadership role in the development of Local Content in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has concluded a two-day Local Content development experience-sharing session with a delegation from Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH). The engagement was held on the …

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AfCFTA: NCDMB advocates database of skills, uniform standards for goods, services

As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation of a database of available skills, and the simplification of cross border deployment of labour. The …

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FIRS assures MTN, others of friendly tax administration

Chief Executive Officer, MTN Nigeria Plc, Mr. Karl Toriola and Executive Chairman, FIRS, Dr Zacch Adedeji. By Kadiri Abdulrahman Abuja, Feb. 13, 2024 The Federal Inland Revenue Service (FIRS), has assured Nigeria’s leading telecom MTN Nigeria Plc and others of a friendly, customer-centric tax administration. The Executive Chairman of FIRS, …

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Ministry of Industry partners NIDCOM to boost Diaspora investment opportunities in Nigeria 

Abuja, Feb. 13, 2024. The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite has expressed the need to work with the Nigerians in Diaspora Commission (NIDCOM) to boost diaspora investments in the Country. Speaking during a courtesy call by the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, …

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Shell resumes crude supply to Port Harcourt Refinery with 475,000 barrels

The Shell Petroleum Development Company of Nigeria (SPDC) says it has resumed crude supply to the Port Harcourt Refinery with delivery of 475,000 barrels from Bonny Oil and Gas Export Terminal. SPDC announced the development on Monday in a statement signed by Mrs. Abimbola Nelson-Essien, it’s Media Relations Manager. “In …

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Okonjo-Iwela, Otedola, others mourn Wigwes, former NGX Group Chairman 

By Rukayat Adeyemi Lagos, Feb. 11, 2024 Stakeholders in the financial sector have continued to mourn the Group Chief Executive Officer, Access Holdings, Dr Herbert Wigwe, his wife, son and former Chairman of the Nigerian Exchange Group, late Abimbola Ogunbanjo. Reacting on her X platform handle, Mrs. Ngozi Okonjo-Iweala, Director …

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Inflation: Court verdict a wake-up call to FG to ensure people’s welfare – Laolu Akande

As inflation bites harder, forcing the court to order the Federal Government to regulate the prices of goods and services rising astronomically and negatively affecting the livelihood of Nigerians, a former presidential aide and veteran journalist, Laolu Akande, has urged President Bola Tinubu to do the needful and commit to …

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Prof. Benedict Oramah recognised with the Financial Leadership Award

ACCRA, Ghana African Prosperity Network (APN) has awarded Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export and Import Bank (www.Afreximbank.com) (Afreximbank or “the Bank”) the Financial Leadership Award at their African Prosperity Dialogue gala dinner held on January 26, 2024. The Leadership Awards is …

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Climate change: NNPC Ltd, US Govt., Deloitte collaborate on greenhouse gas emission reduction from OML 34

The Nigerian National Petroleum Company Limited (NNPC Ltd) is working in collaboration with the United States Department of State and international management consultancy firm, Deloitte, to meet its net-zero carbon goals by embarking on a project aimed at reducing the emission of methane and other greenhouse gases from its upstream …

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NIMASA in retreat for management performance as Head of Service commends Marine and Blue Economy Ministry

The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, weekend, concluded a three day Performance Management retreat where the Agency’s Executive Directors signed a performance bond with the Director General/CEO, on behalf of departments under their Directorates. The Minister of Marine and Blue Economy, Chief Adegboyega Oyetola CON, …

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NCDMB parleys Chevron, recommits to fast-track approvals of oil industry projects

The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development of oil and gas projects and contribute to increased oil production and improved national economy. …

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Obasanjo, others call for strong economic ties between Nigeria, Angola

By Olanrewaju Akojede Lagos, Feb. 3, 2024 Former President Olusegun Obasanjo has called for increased bilateral relations between Nigeria and Angola. Obasanjo made the call at the Angola-Nigeria Diplomatic-Business Investment meeting on Saturday in  Lagos. Obasanjo, who was a special guest of honour at the event,  said the  meeting focused …

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