As a fall out of the dwindling oil prices, the country may stop deep water operations because of its high uneconomical value. Mr Muda Yusuf, the Director General of Lagos Chamber of Commerce and Industry (LCCI) disclosed this at an …

Leading audit firm PricewaterhouseCoopers, in conjunction with the Auditor General of the Federation, has cleared state oil firm Nigerian National Petroleum Corp. of failing to remit $20 billion oil export money into the state accounts, NNPC said in a statement …

Tough times are a reality for every couple. Couples may face major life transitions, such as a new baby, new job or retirement, said Susan Lager, LICSW, a psychotherapist and relationship coach in Portsmouth, New Hampshire. They may face ongoing …

The market capitalisation of the Nigerian Stock Exchange (NSE) climbed to N10.198 trillion this week on bargain hunting by investors, which has been on for three consecutive days. Having dipped by 14 per cent in the first month of the …

The acting Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo  has said empowering trade groups in the Nigerian capital market would enable  the commission focus  on its primary responsibilities of regulating and developing the market. Gwaro, who …

The naira appreciated by N2.85 against the United States dollar at the interbank arm of the forex market to close at N186.30 to a dollar on Wednesday, compared with the N189.15 to a dollar it was this week. The performance …

The Secretary, Maritime Arbitrators Association of Nigeria, Barr. Osuala Nwagbara has condemned the Customs’ tactics of frustrating genuine complaints of over-assessment in valuation matters even as he said that the practice amounted to denial of port users’ access to justice. …

With the recent announcement of reduction in capital expenditure budgets by International Oil Companies amid lower oil prices, the fate of several oil projects in the Nigerian oil and gas industry now hang in the balance. Industry analysts have said …

Nigeria’s crude oil export is set to increase by about 150,000 barrels per day, as Shell Petroleum Development Company, SPDC, yesterday, announced the reopening of the Nembe creek crude oil pipeline, which was shut down due to sabotage. Using the …

The Minister of Industry, Trade and Investment, Dr. Oluse­gun Aganga, has assured that the Federal Government has resolved to end importation of petrochemical products by 2018. Aganga, who disclosed this during a courtesy visit to power solutions company, Mikano International …

A South Africa’s oil and gas explorer SacOil Holdings said on Monday it may cancel an agreement to complete an appraisal on a prospective oil asset in Nigeria and could exit other assets as the price of oil tumbles. SacOil …

The Nigerian Maritime Administration and Safety Agency (NIMASA) has appealed to Nigerian shippers to desist from patronising foreign ships that has foreign guards on board. noting that it is a threat to national security. This appeal was made by the …

Mrs Toyin Sanni is the Group Chief Executive Officer of Unity Capital Trustees Limited. She is a lawyer, Chartered Secretary and a Stockbroker with over twenty five years experience. This beautiful and courageous woman is in the executive board of …

The chairman of Senior Staff Association of Communication, Transport, and Corporations (SSACTAC) Maritime branch, headquarters zone, Comrade Ayuba Jimoh has said that there was an ongoing plan by some people to concession more parts of the ports especially, the harbours. …

It is very disheartening when laws are flagrantly flouted by people who are supposed to protect and uphold it. Bears witnessed an ugly incident last week where two police officers defaced the sign post of the Ikeja Electricity Distribution Company, …

Over N10 Billion to be generated Freight associations get life-line At last, the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) is to commence the collection of practicing fees in the port. The levy billed to commence in …

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said it would not tolerate indiscriminate sack of its members under the guise of falling oil prices in the i nternational market. Its President, Comrade Olabode Johnson, who spoke …

A little hope has risen for the oil and gas sector in Nigeria as the Chinese Government has pledged to buy more crude oil,following the loss of its major buyer, the US last year. This was revealed by China’s deputy …

Oh! Poor Mrs. Adenike Jolapoma-Onifade! What a burden of innocence and trust! A family bond-inflicted pain!   She is the reported latest victim of the consuming web of intrigues in the maritime business sector where the Niccolo Machavelian’s principle of …

Apparently irked by the dominance of foreign investors in the nation’s capital market, stakeholders, last week, stressed the need for expansion of local institutional investment capacity to attract more retail participation and spur activities in the primary market segment. This, …