President Tinubu OPS, experts caution on hash operating environment More businesses to close shop Over 600,000 jobs from both private and public sectors will be lost to unfavorable government policies soon this fiscal year in Nigeria, studies have revealed. Bemoaning …
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Three persons have been confirmed dead and 11 others rescued when a boat loaded with 14 passengers capsized on Monday along the Ibeshe/Ikorodu channel in Lagos. This sad incident is happening barely a week after a female passenger lost her …
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The Central Bank of Nigeria(CBN) on Friday said that the prevailing exchange rate on the date the Form M was opened for the importation of goods will be adopted for calculating duties on imported goods effective Monday, February 26.This was …
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Minister of State for Petroleum, Ekperipke Ekpo The Federal Government, on Tuesday, announced that the $700m Obiafu/Obrikom/Oben gas pipeline, popularly called OB3, would be completed in March 2024, a project that commenced in 2016. It announced this at the ongoing …
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The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery and modular refineries in the country may not get enough crude oil locally for the production of petroleum …
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The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in Africa. The bank disclosed investing $30bn in industry projects, with Nigeria receiving 60 per cent despite reduced global funding for …
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Ajaokuta Steel The Senate on Tuesday resolved to probe the affairs of Ajaokuta Steel Company Limited and the National Ore Mining Company in Kogi State from 2008 till date. It planned to unravel the mystery behind the payment of $496m …
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By Kingsley Anaroke Security is everything! This captures perhaps the essence of effective security across all spheres of life. In Nigeria, however, managing the spiraling insecurity situations in the sea, land and borders have been an uphill task for successive …
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The Nigeria Customs Service, on Monday, announced the suspension of the sale of foodstuffs following a stampede that reportedly killed seven persons at the NCS Old Zonal Headquarters in the Yaba area of Lagos State on Friday. The Chief Superintendent …
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The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The Association of Corporate Treasurers of Nigeria made the disclosure in an advisory memo …
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By Etim Etim It was the venerated writer, Chimamanda Adichie, who first warned us against the destructive influences of a single story in her now-famous 2009 TED talk. Many did not take her seriously and a lot more probably did …
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L-R: President General, Maritime Workers’ Union of Nigeria (MWUN), Comrade Adewale Adeyanju; Executive Director Operations,Nigerian Maritime Administration and Safety Agency, NIMASA, Engr. Fatai Adeyemi; Director General, NIMASA, Dr Bashir Jamoh, OFR; Minister of Marine and Blue Economy, Adegboyega Oyetola, CON; Head …
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L-R: Head, Corporate Communications, Skyway Aviation Handling Company PLC, Mrs. Adetola Vanessa Uansohia; Minister of Aviation and Aerospace Development, Barr. Festus Keyamo; Chairman/Chief Host, NIGAV Awards, Mr. Fortune Idu during the presentation of the award. Skyway Aviation Handling Company (SAHCO) …
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Adewale The Nigeria Customs Service (NCS) has carried out a minor management reshufflement in a bid to rejig the system following the recent statutory retirement within the service. Consequently, the Comptroller General of Customs (CGC), Adewale Adeniyi, has appointed two management members …
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Prince Olayiwola shittu The maritime industry is blessed with many very experienced and knowledgeable professionals cum resource persons whose pieces of advice could guide and direct any willing policy- maker. Painfully, their stock is being depleted by nature. Many of …
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The Senate has kicked against plans by the Ministry of Power to approve the proposed hikes in electricity tariff by Distribution companies. The Senate also rejected plans to remove electricity subsidy given the present hardships in the country. The Senate …
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Oil and gas dealers in the country have declared that the harsh operating environment in the downstream oil sector has led to the collapse of about 70 per cent of businesses in the industry, stressing that the over 200 members …
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Komolafe, NUPRC CEO The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has disclosed that the country’s oil rigs have increased to 30 from 11 in 2011. He linked the increase to NUPRC and other government …
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The Nigerian National Petroleum Company Limited has stated that it uncovered and destroyed 82 illegal refineries in the Niger Delta between February 10 and 15, 2024. The NNPCL also said on Tuesday that 223 incidents were recorded in the past …
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This week, the National Bureau of Statistics (NBS) published the latest monthly consumer price inflation data which indicates that the headline inflation rate increased for the thirteenth consecutive months to 29.90% in January 2024, reflecting an increase of 0.98% points …
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