The Nigeria Navy in Port Harcourt says it has uncovered a huge mechanism installed in the Oil Mining Lease (OML) 18 wellhead being used to siphon crude oil into waiting barges. The News Agency of Nigeria (NAN) learnt that OML 18 wellhead is owned and operated by the Nigerian...
BUSINESS
Stakeholders at the Nigeria Oil and Gas (NOG) Conference and Exhibition have called for an equitable energy mix to enhance transition in consideration of Green Hydrogen investment and Carbon Capture and Storage (CCS) Technology. The stakeholders made this known during a panel session tagged “ Candid Conversation: Defining the...
By MBAFAN ADE, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd), has restated plans to issue its Initial Public Offer (IPO) to investors very soon. Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari said this at the 22nd edition of the 2023 Nigeria Oil and...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated plans to issue its Initial Public Offer(IPO) to investors very soon. The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari said this at the 22nd edition of the 2023 Nigeria Oil and Gas (NOG) Energy conference and...
The Saudi-designated Nigerian hajj air carrier, Flynas, has airlifted a total of 8,063 Nigerian pilgrims back to the country in the last one week Within the same period, the aircraft operated 22 flights from Saudi Arabia to Nigeria. According to figures made available to NATIONAL ACCORD on Tuesday, Flynas...
African Development Bank (AfDB) on Monday in Abuja commended the President Tinubu administration for unifying the naira exchange rate saying it would breath air of transparency into Forex. The bank’s president, Dr Akinwumi Adesina, said this on Monday in Abuja at the 2nd Edition of Nigeria Employers’ Summit. The...
TANTITA Security Services Ltd. has intercepted MT TURA 11 vessel laden with 150, 000 litres of products suspected to be stolen crude oil with 12 crew on board. Capt. Warredi Enisuoh, Executive Director, Technical and Operations, disclosed this while addressing newsman on the arrest on Monday in Oporoza, Warri...
A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum Company Ltd. (NNPC Ltd). The vessel and its crew members were apprehended on July 7, by operatives of Messrs. Tantita Security Services at an offshore...
The lndependent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, has raised alarm over incessant activities of pipelines vandalism at Idimu, Alimosho Local Council Development Area of Lagos. IPMAN Ejigbo Satellite Depot Chairman, Mr Akin Akinrinade, told the News Agency of Nigeria (NAN) on Sunday that some...
Some Nigerians on Saturday blamed the inconsistencies with Twitter App for the emergence of Threads, a text-based App by Meta, saying it is a healthy competition. The News Agency of Nigeria (NAN) recalls that Mark Zuckerberg, the CEO of Meta, on Wednesday announced the initial version of Threads, an...
By DAVID IORJA, Abuja – The Group President and CEO of MTN, Ralph Mupita, alongside board members and leadership of MTN Group and MTN Nigeria recently met with President Bola Ahmed Tinubu in a courtesy visit. The team extended their congratulations to President Tinubu on his election...
By DAVID IORJA, Abuja – President Bola Tinubu Friday in Abuja assured the manufacturing and service sectors that more reforms will be unfolded to enable efficiency and attract investments, saying the ongoing economic ‘‘revolution’’ will be deliberately steered to capture and favour teeming youths in the country. “We have...
Central Bank of Nigeria (CBN) has reiterated its commitment to encourage youth entrepreneurs to learn new skills and create micro enterprises that would boost the economy of the country. Dr Isa Abdulmumin, Director, Corporate Communications Department of the CBN, said this at the CBN fair on Friday in...
Heineken, brand of Nigerian Breweries Plc, is set to mark its 150th Anniversary by showcasing vibrancy of the Nigerian culture, featuring live music, entertainment, and unforgettable moments for consumers. Hans Essaadi, Chief Executive Officer, Heineken, at a news conference held in Lagos said the series of anniversary celebrations would begin this month. “Heineken beer brand marks its 150th anniversary with an unconventional celebration of the...
By DAVID IORJA, Abuja – In consonance with his promise to remove all barriers impeding business growth in Nigeria, President Bola Tinubu has approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. The committee will be chaired by Fiscal Policy Partner and Africa Tax...
Twitter threatened to sue Meta just hours after the Instagram parent company launched Threads, an app it hopes will beat out the struggling site owned by Elon Musk. In a letter to Meta CEO Mark Zuckerberg, published by online news outlet Semafor on Thursday, Musk lawyer Alex Spiro accused...
The Mayor of Housing has become the first real estate investor to take close look at the social housing proposition floated on May 29, 2023, by the new governor of Rivers State, Sim Fubara. The governor had mentioned social housing as one of the highpoints his administration would pursue....
The federal government says it will support Nigerian firm, UTM Floating Liquefied Natural Gas Limited and its foreign partners fo he timely completion of their gas project. President Bola Tinubu said this on Wednesday in Abuja during an audience with the management of the company and its foreign partners....
President Bola Tinubu has signed four Executive Orders one of which is the suspension of the five per cent Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products. The Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake...
The African Development Bank(AfDB) Group’s Board of Directors has approved a 7.88 million dollars grant from the Sustainable Energy Fund for Africa (SEFA) for the Africa Energy Transition Catalyst (AETC) Programme. The bank in a statement, said the programme is aimed at increasing renewable energy generation across the continent....