The Nigeria LNG Ltd. (NLNG) says the operation at its plant on Bonny Island is ongoing, despite a Force Majeure that is still in effect. It said that the Force Majeure, caused by the unavailability of major liquids evacuation pipelines, was due to acts of sabotage and vandalism...
BUSINESS
The National Economic Council has revealed that the nation’s excess crude account currently stands at 473,754.57 U.S. dollars. The stabilisation account stands at N30,346, 557, 405.57 while the natural resources account stands at N115,175,616,159.65. Gov. Yahaya Bello of Kogi disclosed this at the end of the council...
Some stakeholders in the oil and gas industry have advised Federal Government to develop well-structured government policies that can effectively revive the country’s economy. They gave the advice in a separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos against the backdrop of the...
The Federal Capital Territory Internal Revenue Service (FCT-IRS), has reaffirmed its commitment to addressing all grey areas in the ongoing revenue harmonisation in the Federal Capital Territory (FCT). The acting Executive Chairman, FCT-IRS, Mr Haruna Abdullahi said this during the signing of a Memorandum of Understanding (MoU) on...
By TOM CHIAHEMEN – Erstwhile Director of New Media at the Niger Delta Development Commission (NDDC), Mr. Pius Oghenevwairhe Ughakpoteni, has been appointed the new Director, Corporate Affairs of the Commission, following the retirement of the outgoing Director, Dr. Ibitoye Abosede. A management expert and skillful writer with...
The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licences were revoked earlier this year. The Managing Director of the NDIC, Mr Bello Hassan, said this at a one-day capacity building workshop for law enforcement agencies on...
President Bola Tinubu has said that the Federal Government would leverage digital technology to create Nigeria’s desired socio-economic progress that was necessary to transform the society. He said this during a meeting with a delegation from Google, West Africa, led by its Director, Olumide Balogun, on Wednesday at...
By ORKULA SHAAGEE, Abuja – Nigeria can overcome the challenges of environmental hazards posed by the exploration activities in the Oil and Gas industry, particularly in the oil producing areas with the deployment of adequate machinery, including human and material resources. The Country is believed to have...
By MBAFAN ADE, Abuja – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has delivered 3,614,936 barrels of crude to three local refineries between September 2021 and May 2023. This is contrary to insinuations from some operators in the refinery business in Nigeria that...
President Bola Tinubu has assured investors that ongoing economic reforms will remove impediments to conducive business operations in Nigeria. He spoke at the State House when he received Mr Ade Adeola, Managing Director of Energy and Natural Resources in Europe, Africa and the Middle East for Standard Chartered...
The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the funding from the AFRIEXIM bank headquarters in Cairo. “The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment letter and Termsheet...
The Nigerian Communications Commission (NCC) says it is mulling over the idea of introducing a framework to encourage ethical energy sourcing in the telecommunications sector. The Executive Vice Chairman of the commission, Prof. Umar Danbatta, disclosed this in a speech at a roundtable with the academia, industry chiefs...
Aviation workers under the umbrella of the National Union of Air Transport Employees (NUATE) has suspended its plans to embark on strike by Aug. 16. Mr Ocheme Oba, General Secretary, NUATE, confirmed the development in a statement issued on Wednesday in Lagos. The News Agency of Nigeria (NAN) reports...
The MTN Foundation on Tuesday said it had entered into a partnership with Mastercard Foundation and Exponential Consulting Ltd. to train 20,000 women entrepreneurs. The Executive Secretary, MTN Foundation, Ms Odunayo Sanya, said in her keynote address at an event to sign the partnership agreement on Tuesday in Lagos...
In the dynamic world of business, every season presents a unique opportunity for growth and brand enhancement. As the calendar turns and the event season unfolds, entrepreneurs and business owners find themselves standing at the crossroads of unparalleled potential. In this article, we delve into the art of harnessing...
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 per cent in July 2023. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for July , which was released in Abuja on Tuesday. According to the report, the...
Vice President, Kashim Shettima, has commended Google’s N1.2 billion grant initiative for the President Tinubu administration’s one million jobs initiative. Shettima made the commendation when he received in audience some executives of Google, a leading global technology company, at the Presidential Villa, on Tuesday in Abuja. According...
The Kaduna State Government and Google on Tuesday announced a partnership to train 5,000 women and girls in data science, artificial intelligence and entrepreneurial application of digital technologies. Google’s Director for West Africa, Olumide Balogun said in a statement that the partnership was a significant move towards promoting...
By OFFOR CALLISTUS, Abuja – The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos from...
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure. NEITI Executive Secretary, Dr Orji Ogbonnaya Orji, at the policy dialogue on Nigeria’s Decade of Gas Action plan on Monday in Abuja...