The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture. The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve …
Read More »774,000 jobs: Labour Minister Ngige apologizes to N’Assembly …As Lawan voids implementation efforts by Ministry
The Minister of Labour, Productivity and Employment, Senator Chris Ngige has apologized to the leadership of the National Assembly over last week’s face-off between the Minister of State For Labour, Festus Keyamo and the joint Senate and House Committees on Labour, Productivity and Employment. The Minister tendered an apology …
Read More »CACOVID donates N1.4bn medical equipment, additional 26,400 test kits, to boost COVID-19 testing across Nigeria
The private sector-led Coalition against COVID-19 (CACOVID) has donated N1.4 billion worth of medical supplies and additional 26,400 test kits sufficient to set up six fully functional COVID-19 medical laboratories in the fight against the pandemic. Presenting the test kits and medical equipment at the Nigeria Centre for Disease Control, …
Read More »Chike-Obi emerges Fidelity Bank Chairman as Ebi retires
By Chinyere Joel-Nwokeoma Lagos, July 5, 2020 Fidelity Bank Plc. on Sunday announced the appointment of Mr Mustafa Chike-Obi as the Chairman of the bank. Chike-Obi, who is currently Executive Vice Chairman at Alpha African Advisory, has over 40 years of experience in investment banking and the financial services sector. …
Read More »Maritime training: Navy, NIMASA to align curricula · Navy vital to achievement of our mandate – Jamoh
Plans are at an advanced stage to harmonise the training procedures of the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy for the improved safety and security of the country’s maritime space. This was revealed in Lagos, when the Director-General of NIMASA, Dr. Bashir Jamoh, played host …
Read More »Order probe of over N300bn missing public funds within 14 days, SERAP tells Buhari
Socio-Economic Rights and Accountability Project (SERAP) has given President Muhammadu Buhari 14 days to “direct the Attorney General of the Federation and Minister of Justice Mr Abubakar Malami, SAN, and appropriate anti-corruption agencies to urgently investigate allegations that over N300bn of public funds are missing, mismanaged, diverted or stolen, as …
Read More »Heritage Bank shuts branch for disinfections over suspected coronavirus case
Heritage Bank Plc said it has closed down an Experience Centre- EC (branch) at Allen Avenue; Ikeja over an “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made available to the press and customers, noted “in line …
Read More »NDDC urges residents to monitor projects in Niger Delta communities
By Desmond Ejibas Port Harcourt, July 3, 2020 Prof. Kemebradikumo Pondei, the acting Managing Director of the Niger Delta Development Commission (NDDC), on Friday called on residents to assist the commission in monitoring ongoing projects in their communities. Pondei, in a statement issued by the commission’s Director of Corporate Affairs, …
Read More »NCDMB signs agreements on Energy park, oil blending plant
By Edith Ike-Eboh Abuja, July 3, 2020 The Nigerian Content Development and Monitoring Board (NCDMB) has signed an equity investment agreement with Duport Midstream Company for the establishment of an Energy Park in Egbokor, Edo State. The Board also signed an equity investment agreement with Eraskon Nigeria Ltd., for establishment …
Read More »Zenith Bank ranked number one bank in Nigeria by Tier-1 Capital
Zenith Bank Plc has again emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained …
Read More »Trump takes credit as U.S. economy adds 7.5m jobs
By Harrison Arubu New York, July 2. 2020 Beating his chest, U.S. President Donald Trump on Thursday said the country’s economy added almost five million jobs in June. Trump said at a news briefing that it was the largest monthly job gain in U.S. history, “shattering all market expectations”. He …
Read More »President Buhari Appoints Prof Adesoji Adesugba as MD, Nigeria Export Processing Zones Authority
President Muhammadu Buhari has approved the appointment of Professor Adesoji Adesugba as the new Managing Director of Nigeria Export Processing Zones Authority(NEPZA), a parastatal under the Federal Ministry of Trade and Investment. The President’s approval was given in a letter addressed to the Minister, dated 26th June, 2020 and signed …
Read More »New reforms at Mining Cadastral By Bolade Nafisat
The coronavirus pandemic’s disruption and destabilization of the Nigerian economy enforces urgency of economic diversification. For Nigeria, the task falls on the lap of those managing the solid minerals sector. More specifically, the focus is on the mining Cadastral Office, regulating mining licencing under the Federal Ministry of Mines and …
Read More »COVID-19: NIMASA issues Advisory on vessels from high risk countries
The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has notified stakeholders about 13 vessels from five countries heavily affected by the coronavirus (COVID-19) pandemic. Eight of the vessels are expected to berth in Apapa, Lagos; four in Bonny, Rivers State; and one in Port Harcourt, Rivers State. …
Read More »CBN disowns fake Twitter handle
ABUJA The Central Bank of Nigeria (CBN) has described as fraudulent the operations of a twitter handle, @YusufPhilipYila, purported to belong to the Bank’s Director, Development Finance Department, Mr. Philip Yila Yusuf. According to CBN’s Director of Corporate Communications, Isaac Okorafor, the impostor handle has been posting messages related to …
Read More »Maritime: Nigeria developing policies to improve seafarers training, certification, remuneration … Seafarers are Key to Humanity’s Survival, Wellbeing Amid COVID-19-Jamoh … As NIMASA gives palliatives to Seafarers
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has disclosed that there are policies in the pipeline to improve the quality of training and certification, as well as remuneration for the country’s seafarers. Jamoh stated this on Thursday in Lagos during a webinar hosted by …
Read More »Nigeria’s economic woes fuelling drug abuse among youths — Obi
Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the 2019 election, Mr. Peter Obi, has blamed the horrible spate of drug abuse among Nigerian youths to the ever worsening economic realities prevalent in the country, saying that a visible economic recovery will see a drastic reduction in the …
Read More »NNPC produces 218.37 billion Cubic Feet (BCF) of natural gas in March … Records 47 per cent decrease in pipeline vandalism
The Nigerian National Petroleum Corporation (NNPC) has said that 218.37 billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscfd). This was contained in NNPC Monthly Financial and Operations Report for March, 2020, …
Read More »Economy: Emefiele, CBN will not be deterred – Spokesman
ABUJA The Central Bank of Nigeria (CBN) says the Governor, Godwin Emefiele, and his team at the Bank will not be deterred in their effort to steer the Nigerian economy away from the looming recession due to the global impact of the Corona Virus (COVID-19) pandemic, in spite of …
Read More »Maritime: Deep Blue Project to secure all anchorage areas – FG
… NIMASA, NPA agree on wreck removal to ease navigation … Jamoh, Hadiza reiterate commitment to Floating Dock commencing operation July The Federal Government has concluded arrangements to make the Integrated National Security and Waterways Protection Infrastructure, also called the Deep Blue Project, the central security structure for all anchorage areas in …
Read More »NDDC clarifies N2trn debt owed contractors, vendors
By Desmond Ejibas Port Harcourt, June 22, 2020 The Niger Delta Development Commission (NDDC) has clarified N2 trillion debts, owed vendors and contractors on projects executed in the region. The NDDC Director of Corporate Communications, Charles Odili, told newsmen in Port Harcourt on Monday, that the commission incurred the debts …
Read More »Nigeria begins trial of pirates under new law • Our waters now safer for shipping, says NIMASA Director-General
• Agency mulls incentives for maritime sector, assures of CVFF disbursement soon • You Have Our Full Support – President, Guild Of Editors Aiming to rid Nigeria’s waterways of criminalities and reassure the global community that it is getting on top of the security issues in its maritime domain, …
Read More »Dangote cement sustains 54,000 jobs in four African countries
President of Dangote Group, Aliko Dangote has said that despite the challenging economic situation in 2019, Dangote cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal, and South Africa. The business mogul told shareholders at the …
Read More »Sylva did not demand $20m for Bayelsa re-run elections – NCDMB
By Edith Ike-Eboh Abuja, June 18, 2020 Nigerian Content Development and Monitoring Board (NCDMB) says Minister of State for Petroleum Resources, Chief Timipre Sylva, never demanded 20 million dollars from its Executive Secretary, Mr Simbi Wabote, to fund Bayelsa re-run elections. The NCDMB disclosed this in a statement by its …
Read More »Oramah’s re-election as Afreximbank President reward for hard work, says Obi
Vice Presidential Candidate of Peoples Democratic Party (PDP) in the 2019 election, Mr. Peter Obi, has described the re-election of Prof. Benedict Oramah as the President of African Export-Import Bank (Afreximbank), as an obvious reward for hard work. In a press release on Thursday, Obi congratulated Prof. Benedict Oramah, saying …
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