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Business and Economy

Kyari lists parametres to sustainable growth in Nigeria Petroleum Industry

For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam Mele Kyari, Tuesday, urged the Industry stakeholders to evolve innovative ways to reposition the Sector for sustainability. The NNPC GMD, speaking at the opening ceremony …

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Proposed PIB will create sustainability in oil, gas sector – Slyva; Gas is future of Nigeria – Kyari, NNPC GMD

By Edith Ike-Eboh Abuja, Aug. 25,2020 The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the proposed Petroleum Industry Bill (PIB), will create wide varieties of features that will drive sustainability of the oil and gas sector. Sylva stated this at the Virtual Nigeria Energy Transformation Summit (NEITS), …

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Jamoh: Inter-agency Collaboration Surest route to Maritime Security · Visits Comptroller-General of Immigration

Intensifying the quest for cooperation among relevant government agencies in a bid to secure Nigeria’s maritime domain, the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has visited Comptroller-General of the Nigeria Immigration Service (NIS), Muhammed Babandede, in Abuja, with a declaration that teamwork was …

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Prudential Zenith Life donates $100,000 USD towards fighting effects of COVID-19 in Nigeria

Prudential Zenith Life Insurance has donated the sum of One Hundred Thousand United States Dollars (US$100,000) to Slum2School Africa to help combat the impact of the COVID-19 pandemic on education in disadvantaged communities in Nigeria. The donation was made through a Corporate Social Responsibility (CSR) Fund from the Prudence Foundation, …

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How Total is supporting FG’s fight against COVID-19 — MD

By Solomon Asowata Lagos, Aug. 19, 2020 Mr Mike Sangster, Managing Director, Total E&P Nigeria Limited, on Wednesday said the International Oil Company (IOC) contributed $3.2 million (₦1.2 billion) in support of the Federal Government’s battle against COVID-19. Sangster made the disclosure while speaking at the virtual August Technical Presentation …

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Nigerian importers kick against surcharge on cargoes by international shipping firms …Surcharge is economic sabotage, insensitive, says Shippers’ Council

Importers in the country are currently groaning under huge surcharge imposed on them by the international shipping firms on cargoes imported from across the world into the country. The surcharge is adding to the high cost of doing business in Nigerian ports, coupled with the challenges of infrastructure deficiency and …

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4 Simple steps your business can take to retain top talent By Andrew Bourne, Regional Manager, Africa, Zoho Corporation

The past few months have put organisations around the globe under unprecedented pressure. Few have been spared the economic fallout, with many unable to survive. Others have had to downscale and even those operating at full capacity have quickly had to adapt to new ways of working. Offices that were …

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Chinese African loans in perspective: Facts, records, myths – Nigeria’s case By Dr. Kazeem Bello

There has been recent outcry about the Chinese loans for projects development in Nigeria and its implications for the sovereign Independence of the Nigerian Nation. The issue becomes more precarious when we consider this in the context of the legislative arm of government having different interpretations and conceptual understanding with …

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Nigerian seaports set to commence 24 hours operations • As Heads of Maritime Agencies agree to implement intermodal transport for port efficiency

Heads of maritime agencies in Nigeria have agreed to work on modalities for a quick commencement of 24 hours operation at the ports. Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, disclosed this on Tuesday in Lagos while briefing the media after the second edition …

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COVID-19: SERAP asks World Bank to ‘tread carefully in disbursing $114.28m credit for Nigeria’

Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to the World Bank President Mr David Malpass, urging him to use his “good offices to encourage the Federal Government and 36 state governments to publicly commit to transparency and accountability in the spending of the $114.28m credit and …

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Apapa gridlock: Lagos donates land for trailer park as Sanwo-Olu inspects road projects

•We’ll restore life back to Apapa, Gov vows •Govt to eject illegal settlers under Iganmu intersection The disturbing gridlock created along Apapa corridor in Lagos State by heavy-duty trucks clogging the major highways may soon fade away, if the actions being taken by Governor Babajide Sanwo-Olu fully materialise. The Governor, …

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NIMASA reiterates December deadline for single-hull tanker ban · Secures approval for CVFF disbursement

The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated that the country remains steadfast in its decision to stop the use of single-hull tankers by December 31 this year. Director-General of NIMASA, Dr. Bashir Jamoh, stated this on Thursday in Lagos during a meeting with the Shipowners Association of …

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Coronavirus: CACOVID flags-off N23bn food palliatives distribution for 10m Nigerians

Nigeria’s Private Sector led Coalition Against COVID-19 (CACOVID) Thursday formally announced the flag-off of a nationwide distribution of multi-billion naira food palliative and other relief items to mitigate the adverse effects of the novel coronavirus pandemic on vulnerable Nigerians. The food relief materials for which the private sector operators are …

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Nestle Nigeria Plc announces changes on its Board of Directors; Wassim Elhusseini is new MD

Nestlé Nigeria Plc has notified its shareholders, The Nigerian Stock Exchange, NSE, and the investing public of the appointment of its Managing Director, Mr. Mauricio Alarcon as the Market Head of Nestlé Central and West Africa Region comprising 25 countries with head office in Ghana, effective September 1, 2020. A …

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