The Nigerian National Petroleum Company (NNPC) Ltd has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe crude blend produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint...
BUSINESS
By BARBARA KALU, Port-Harcourt – The Niger Delta Development Commission (NDDC) has pledged to collaborate with International Oil Companies, IOCs, and other development partners to increase investments in renewable energy projects to reduce the impact of climate change in the Niger Delta region. Speaking during a courtesy visit...
The Bauchi State government, on Tuesday, handed over the Sir Abubakar Tafawa Balewa International Airport to the Federal Airport Authority of Nigeria (FAAN) for effective management and economic development of the state. Speaking during the official handover, the Managing Director of FAAN, Mr Kabir Muhammad, said the state...
The Nigerian Ports Authority (NPA) on Tuesday said its embarking on a $1.1 billion ports rehabilitation plan in first quarter of 2024, to fortify Nigeria’s trade competitiveness. The Managing Director, NPA, Mr Mohammed Bello-Koko, said this in a panel session at the 43rd Port Management Association of West...
Cross River Government has disclosed that the Obudu Cargo Airport being constructed by the state will be ready for operation by April 2024. This was disclosed by the state Commissioner for Aviation, Mr Eno Inah, during inspection of the project on Tuesday. He said though the contractor had...
By JOHN ONAH, Abuja – The Tertiary Education Trust Fund (TETFund) has expressed its readiness to partner with Rural Electricification Agency (REA) to ensure uninterrupted power supply in universities and other tertiary institutions in the country. Executive Secretary of TETFund, Arc. Sonny Echono, made this known during a...
The Petroleum Tanker Drivers (PTD) union has urged its members across the country to go about their normal duties in actualising the Renewed Hope Agenda of the President Bola Tinubu as it concerns the oil sector. President of the union, Mr Lucky Osesua, gave the charge in a...
The Nigerian National Petroleum Company Limited (NNPCL), has said it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders to reconcile alleged indebtedness by the company and Federation Accounts Allocation Committee (FAAC). Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd, said this...
An Assistant Secretary for U.S. Economic and Business Affairs, Ramnin Toloui, has forecast a 100 billion dollar revenue from Nigeria’s creative industries by 2030. Toloui, who spoke during the Africa Creative Market Conference in Lagos on Monday, also said if the potential of the industry was well harnessed,...
The ongoing construction of the $5bn Train-7 project being undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State has reached 52 percent and currently engages 8,300 Nigerians of diverse skill sets. These facts emerged on Friday as the Management of the Nigeria LNG Limited...
The Africa Investment Forum (AIF), has mobilised close to 142 billion dollars in investment interest since 2018. The African Development Bank (AfDB) in a statement, said the AIF was a dynamic, multi-stakeholder platform focusing on continental deal making, facilitating connections between project sponsors, policy makers and investors. To...
Nigerian Association of Small and Medium Scale Enterprises (NASME) has urged the government to support small and medium scale enterprises (SMEs) with grants to survive the present economic challenges. NASME Chairman in Oyo State, Prince John Karunwi, stated this in an interview with the News Agency of Nigeria,...
As part of deliberate and conscious effort to raise funds for the development of critical infrastructure projects countrywide, the federal government has initiated plans to expand its revenue net to drag in expatriates into it. The revenue system that has been perfected by the Ministry of Interior and the...
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability. According to a statement from the CBN, Cardoso disclosed this recently, while playing host to the Impact Investing Community. The News...
TAJBank Limited, one of Nigeria’s fastest-growing non-interest banks, has won the BusinessDay “Islamic Bank of the Year Award” for third consecutive time. This is according to a statement by TAJBank’s Managing Director, Mr Hamid Joda. The award was presented to the Bank’s management, represented by its Regional Head,...
The Chairman of the Niger Delta Development Commission, NDDC, Mr. Chiedu Ebie, has urged Niger Delta stakeholders to forge stronger bonds and collaborate to pave way for a brighter future for the oil-rich region. Speaking during a reception in honour of Dr Samuel Ogbuku by Yiba-Ama (Oruma) Community at...
Dangote Cement Plc has commissioned and handed over several multi-million naira rehabilitated education infrastructure in Lagos Island, a gesture that will benefit 2,500 pupils. Group Managing Director, Dangote Cement Plc, Arvind Pathak, in a statement on Sunday in Lagos, said the initiative was part of the company’s Corporate...
Many residents of the Federal Capital Territory (FCT), on Sunday decried the continuous increase in the price of cooking gas. According to them, cooking gas has gone beyond the reach of the common man. The News Agency of Nigeria (NAN) reports that the latest Cooking Gas Price report...
The Senate Committee on Niger Delta Development Commission (NDDC), says it will ensure International Oil Companies (IOCs) operating in the country, pay their contributions to the coffers of the commission. Sen. Ned Nwoko, (PDP-Delta North), and member Senate Committee on NDDC, made the disclosure while speaking with the...
By EZEKIEL OBI, Abuja – The Nigerian Safety Investigation Bureau (NSIB) has commenced investigation into an accident involving an HS 125 aircraft with nationality and registration marks 5N-AMM, belonging to Flint Aero. Director of NSIB Public Affairs and Consumer Protection, Mr James Odaudu, said in a statement...