Business and Economy
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NNPC records ₦141.96bn trading surplus
The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June…
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Imota Rice Mill to start production first quarter next year – Sanwo-Olu
Governor tours project site, shows excitement at progress Barring any exigency, the 32-metric tons per hour Rice Mill being…
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Appeal Court strikes out Jimoh Ibrahim, NICON Investment appeals against AMCON
At long last, the Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group,…
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Nigeria needs gas for accelerated industrial development – NGA President
Managing Director, Shell Nigeria Gas & President Nigerian Gas Association, Ed Ubong has called for urgent strategy to grow Nigeria’s…
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BPE names 5-member interim management team for AEDC
The Bureau of Public Enterprises (BPE) has named members of the interim management team for the Abuja Electricity Distribution Company…
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Reopen Four Point By Sheraton Hotel, Ikot Ekpene to honour your predecessor, Group tells Udom
Governor Udom Emmanuel of Akwa Ibom State has been advised on the need to reopen the Four Point By Sheraton…
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Sanwo-Olu unveils new power policy to meet Lagos’ electricity needs
Framework to be implemented with private energy investors An electricity sustainability framework that will provide reliable power to residential and…
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UTM Offshore, Afreximbank sign $2bn MoU for Nigeria’s first floating LNG project
By Solomon Asowata Lagos, Dec. 8, 2021 UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a MoU to…
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Chevron Nigeria Limited – 60 Years of partnering with Nigeria for socio-economic development
On December 1, 2021, Chevron Nigeria Limited (“CNL”), operator of the joint venture with the Nigerian National Petroleum Company Limited,…
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Traders send SOS to CBN over multiple charges/deductions by commercial banks; Commend Emefiele
By Stanley Nwanosike Enugu, Dec. 6, 2021 The South East Amalgamated Markets Traders Association (SEAMATA), has sent a “Save Our…
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FROM TAKING IT WITH CONSENT TO HACKING IT WITH CONTEMPT OUTSIDE THE BOX BY ALEX OTTI
Email:alexottiofr@gmail.com “If you lay with a scorpion, don’t be surprised when it finally stings you.” ―DaShanne Stokes One fateful day,…
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Air Peace begins scheduled flights into Anambra
By Yunus Yusuf Ikeja, Dec. 5, 2021 Nigeria’s leading airline, Air Peace, begins scheduled flights into Anambra on Tuesday. Its…
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Badagry expressway gets N15bn NNPC tax credit boost
By Grace Alegba Lagos, Dec. 5, 2021 The Agbara-Seme border section of Lagos-Badagry expressway project will receive N15 billion of…
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Joint Investigative Visit will unravel cause, volume of Aiteo’s spilled crude – NOSDRA
By Nathan Nwakamma Yenagoa, Dec. 4, 2021 The National Oil Spills Detection and Response Agency (NOSDRA) has dismissed as “guess…
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The Ikoyi Building Collapse, Insurance and Matters Arising By Paschal Emeka Egerue
The world today is in turmoil through a combination of climatic and social tensions. Life and property are consequentially exposed…
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e-Naira: CBN assures effective technology to check hackers, fraudsters
By Zubairu Idris Kano, Dec. 1, 2021 The Central Bank of Nigeria (CBN), has assured that it has put in…
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Local content in oil and gas industry has grown tremendously – Shell MD
By Nathan Nwakamma Yenagoa, Dec. 1, 2021 The Managing Director, Shell Petroleum Development Company (SPDC), Mr Osagie Okunbor, on Tuesday…
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FirstBank, others partner to reposition non-oil export for economic growth
By Itohan Abara-Laserian Lagos, Nov. 30, 2021 First Bank Nigeria Ltd. says it will leverage its vast experience in supporting…
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FirstBank moves to explore opportunities in non-oil export
By Itohan Abara-Laserian Lagos, Nov. 29, 2021 First Bank of Nigeria Ltd has announced plans to explore opportunities in the…
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Nigerian Content Development: Chevron’s Success Story
The Nigerian oil and gas industry is strategic to the overall socio-economic development of the country. Nigerian Content (“NC”) development…
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Amnesty Programme, NNPC unite tackle vandalism to sustain peace in Niger Delta
The Presidential Amnesty Programme (PAP) and the Nigerian National Petroleum Corporation (NNPC) have agreed to tackle pipeline vandalism, unemployment and…
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FAAN suspends Airport officials for allegedly extorting passenger
By Yunus Yusuf Lagos, Nov. 27, 2021 The Federal Airports Authority of Nigeria (FAAN) says it has suspended some officials…
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NiDCOM, NIDO Russia call for diaspora Investment
Abuja, Nov. 25, 2021: Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM) has applauded NIDO Russia for facilitating investment…
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FG pledges to tackle oil spillage in Bayelsa
By Emmanuella Anokam Abuja, Nov. 24, 2021 Chief Timipre Sylva, Minister of State for Petroleum Resources on Wednesday said the oil…
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