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‘Why oil vandals outsmart protection techniques’

‘Why oil vandals outsmart protection techniques’

• Pipeline explosion kills two burns 30 vehicles in Lagos • We’re exploring modern methods to curb menace, says NNPC • Expert laments absence of leak detection system in Nigeria The continued vandalisation of oil assets in Nigeria has again ...

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Vessel owners fault FG, others on freed sailors

Vessel owners fault FG, others on freed sailors

Owners of ‘MT APECUS’ have berated the federal government, the navy, the police as well as the Indian government over the recent release of five Indian sailors and one Nigerian (the captain) kidnapped in Bonny, arguing that they did nothing ...

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Group targets $1 trillion to eliminate unemployment in Nigeria

Group targets $1 trillion to eliminate unemployment in Nigeria

African Centre for Global Entrepreneurial Leadership (ACGEL), is pulling together over $1trillion fund for job creation to fight unemployment in Nigeria over the next 10 years. The group said only interested applicants ready for its training and mentorship in fashion, ...

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NAHCO targets N35b turnovers on new strategic growth plan

NAHCO targets N35b turnovers on new strategic growth plan

Nigerian Aviation Handling Company (NAHCO aviance) Plc, plans to grow its turnover to N35 billion as part of its ongoing strategic initiatives to deliver significant growths over the next five years. The company unveiled this at a presentation of the ...

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FG saves $1.7bn from managed interventions for petrol importation

FG saves $1.7bn from managed interventions for petrol importation

The Nigerian National Petroleum Corporation (NNPC), yesterday, defended its role in the importation of Premium Motor Spirit, otherwise known as petrol, noting that its intervention has helped to check false claims for subsidy arising from smuggling of the product to ...

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Senate probes Rivers explosion as IOCs urge uniform regulation

Senate probes Rivers explosion as IOCs urge uniform regulation

The Senate has set up a committee headed by Ibrahim Gobir (Sokoto APC) to unravel the remote and immediate causes of the pipeline explosion that killed 15 persons and injured over 50 others at Komkom community in Oyigbo Local Council ...

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Government insists on recapitalisation of insurance industry

Government insists on recapitalisation of insurance industry

Urges operators to support sector’s well-being The Federal Government has charged insurance operators not to work against the current industry recapitalisation move by the National Insurance Commission (NAICOM), which is aimed at taking the industry to lofty heights.President Muhammadu Buhari, represented ...

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NAQS woos EU to remove ban on export of dried beans

NAQS woos EU to remove ban on export of dried beans

The Nigeria Agriculture Quarantine Agency (NAQS), has appealed to the European Union (EU), to remove the ban placed on exportation of dried beans since June 2015. The EU had banned the exportation of dried beans from Nigeria, on grounds that ...

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‘New national fleet will create wealth, employment for Nigerians’

Gulf of Guinea Piracy: A Reality Or Farce?

• NSC expresses commitment to re-introduce cargo trackers at seaports The Executive Secretary, Nigerian Shippers Council (NSC), Hassan Bello, has declared that a private sector-led national fleet will aid Federal Government’s economic diversification drive, create wealth, and provide massive employment ...

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Nigeria, others urged to leverage AfCFTA for local production of pharmaceutical products

Nigeria, others urged to leverage AfCFTA for local production of pharmaceutical products

With the African Continental Trade Agreement (AfCFTA) now in force, it was time for the continent to increase domestic production of pharmaceutical products and end over dependence on imported medicines, stakeholders have said. The AfCFTA, they agreed, provides an opportunity ...

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Experts proffer strategies for sustainable family business conglomerates

Experts proffer strategies for sustainable family business conglomerates

To achieve sustainable growth of business, experts have called for the use of suitably qualified external consultants to boost limited in-house capacity and expertise needed to carry out a thorough business transformation. Specifically, the Partner, Executive Edge Limited, Lagos, Dr. ...

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AIB gets new conditions of service

AIB gets new conditions of service

The Federal Government has approved a new condition of service for the Accident Investigation Bureau (AIB). The approval, conveyed in a letter dated June 25, 2019 and sent to the Bureau from the office of the Head of Civil Service ...

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At least 45 killed in Nigeria fuel tanker blast

At least 45 killed in Nigeria fuel tanker blast

At least 45 people were killed and more than 100 injured in central Nigeria when a petrol tanker crashed and then exploded as people gathered fuel, emergency services said Tuesday. The truck overturned near shops while travelling through the village ...

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CITN changes leadership baton

CITN changes leadership baton

The Chartered Institute of Taxation of Nigeria (CITN), has elected new officers to steer the affairs of the institute for the next two years. Following the successful conduct of the 27th yearly general meeting of the institute, Dr. Cyril Ikemefuna ...

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Nigeria’s ‘dead capital’ rises to $900 billion

Nigeria’s ‘dead capital’ rises to $900 billion

Latest report by the PricewaterhouseCoopers (PwC), has revealed that Nigeria needs to unlock as much as $900billion worth of dead capital to increase economic activities and stimulate growth. In a new report titled, ‘Bringing dead capital to life – What ...

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NCDMB disburses $160 million in two years, reads riot act to IoCs

NCDMB disburses $160 million in two years, reads riot act to IoCs

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, yesterday, said about $160 million has been disbursed in the past two years to develop capacity of indigenous oil and gas companies. Speaking at the ongoing yearly, ...

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More bodies recovered in Lagos boat mishap

More bodies recovered in Lagos boat mishap

The Lagos State Waterways Authority (LASWA) yesterday said one more body had been recovered, now making seven persons confirmed dead in a Saturday night boat mishap on Lagos waterway. General Manager of the agency, Mr Oluwadamilola Emmanuel, told newsmen that ...

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Nigeria promises compliance as OPEC extends cut

Non-passage of PIB, regulations drag about $100b oil projects

…Kyari hinges nation’s revenue on oil prices, production Nigeria, whose crude production exceeds its quota under an OPEC/non-OPEC supply accord, is working to improve its compliance, Head of the Nigerian Delegation to the meeting, Dr Folasade Yemi-Esan, said on Monday. ...

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Yemilicious Yemi

Yemilicious Yemi

Mrs Oluwayemisi Mafe is a Marketing Communications professional with over 20 years’ experience in Consultancy, Social Enterprise, Banking, E-Commerce and Insurance. Presently, she heads the Brand Communications department of SUNU Assurances Nigeria Plc., a member of SUNU Group. She was ...

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Nigeria pioneers Opening Banking in Africa

Nigeria pioneers Opening Banking in Africa

Nigeria has signified a strong desire to become the first country in Africa, to officially adopt an Open Banking standard, which defines how financial data is created, shared and accessed. This is a system, which also provides users with a ...

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