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Daily Archives: April 4, 2019

NSE Canvasses Regular Upgrade Of Air Navigation Infrastructure

NSE canvasses regular upgrade of air navigation infrastructure

The Nigerian Society of Engineers has asked the Federal Government to ensure regular upgrade of the nation’s navigational aids. The Chairman, Aeronautical Division, NSE, Mr. Patrick Achurufe, while commending the Federal Government on the investment it made in the Total ...

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MMIA Operates 272 Flights Daily, Due For Decongestion – FAAN

MMIA Operates 272 Flights Daily, Due For Decongestion – FAAN

According to the Federal Airport Authority of Nigeria (FAAN), the Murtala Muhammed International Airport has become congested as it currently operates 272 flights daily, forty years after its inauguration. The MMIA Airport Manager, Mrs. Victoria Shin-Aba, on Tuesday said the ...

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We Are Exploring Options To Commercialize Gas Flare Sites – NNPC

NNPC To Resume Oil Search In Lake Chad Basin

The Nigerian National Petroleum Corporation says it is exploring options for commercialising existing gas flare sites in the country. The Group Managing Director, NNPC, Dr Maikanti Baru, said this while receiving the national leadership of Host Communities of Nigeria led ...

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Shell’s Yearly Payment To Nigerian Govt Hits $6.39bn

Shell’s Yearly Payment To Nigerian Govt Hits $6.39bn

Royal Dutch Shell has said its subsidiaries in Nigeria paid $6.397bn to the Nigerian government and its agencies last year, compared to $4.322bn in 2017 and $3.638bn in 2016. The oil giant disclosed this in its ‘2018 Payments to Governments ...

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ExxonMobil Considers Sale Of Nigerian Oil, Gas Fields For $3bn

ExxonMobil Considers Sale Of Nigerian Oil, Gas Fields For $3bn

Nearly two and a half years after exiting Nigeria’s downstream oil sector, ExxonMobil is weighing the sale of some oil and gas fields in the country. The United States-based oil major recently held talks on the sale of a suite ...

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Atlas Oranto Petroleum To Make Massive Investment In Equatorial Guinea’s Gas Sector

Atlas Oranto Petroleum To Make Massive Investment In Equatorial Guinea’s Gas Sector

Following the signing of Definitive Agreements for the monetization of gas from Equatorial Guinea’s Alen Unit, pan-African oil and gas exploration and production company, Atlas Oranto Petroleum (Atlas-Oranto.com) is planning to make a significant investment into the country’s backfill project. ...

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Nigeria Set To Lose Competiveness In Global Market Industry– NNRC

Nigeria Set To Lose Competiveness In Global Market Industry– NNRC

The Nigeria Natural Resource Charter (NNRC) has said that Nigeria is fast losing its competitiveness in the global oil market due to new hydrocarbon discoveries in new jurisdictions within the African continent. The NNRC which is the Nigerian version of ...

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Poor Maritime Surveillance: Nigerian Fishing Trawlers Suffer 80% Decline

Poor Maritime Surveillance: Nigerian Fishing Trawlers Suffer 80% Decline

  Despite the acquisition of several surveillance equipments by the Nigerian Maritime Administration and Safety Agency (NIMASA), the Nigerian Navy and Nigerian Ports Authority (NPA), maritime experts decry poor surveillance of the nation’s maritime domain. Experts say that the surveillance ...

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Ignore Unauthorized Police Officers At Ports- NSC

Shippers’ Council Begins Investigation On Grimaldi Over Demurrage Charges

The Nigerian Shippers’ Council (NSC) has asked freight forwarders operating at the nation’s seaports to ignore unauthorized policemen that are involved in illegal interception of already cleared cargoes. The Executive Secretary and Chief Executive Officer of the Council, Mr. Hassan ...

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Group Labels Customs  Anti-Smuggling War ‘A Scam

Group Labels Customs  Anti-Smuggling War 'A Scam

The much-touted anti-smuggling war of the Nigeria Customs Service (NCS) has been described as a scam allegedly contrived and sustained over the years to enrich favoured persons within and outside the Service, even as the nation suffers terribly from revenue ...

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