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Daily Archives: June 8, 2021

National Assembly concludes PIB deliberations, Gbajabiamila says bill not anti-business

The President of the Senate, Ahmed Lawan, on Monday assured that the National Assembly will pass the Petroleum Industry Bill before the end of this month. Lawan, who spoke during the opening session of the 2021 Nigeria International Petroleum Summit ...

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Airports authority unveils equipment to curb bird strikes

Airports authority unveils equipment to curb bird strikes

The Federal Airports Authority of Nigeria says it has unveiled bird equipment, also known as wildlife management equipment, at its headquarters annex. FAAN said it inaugurated the equipment in its Lagos officer in a bid to improve safety flight operations ...

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40 billion reserves, 4mbpd production achievable through marginal oilfields

40 billion reserves, 4mbpd production achievable through marginal oilfields

The Federal Government on Monday said moves to produce four million barrels of crude oil per day and grow the country’s reserves to 40 billion barrels will be achieved through marginal oilfields. It stated that last week’s marginal oilfield licensing ...

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Nigeria blessed with agric, mining for export, says Minister

Nigeria blessed with agric, mining for export, says Minister

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has said that the country is blessed with huge potentials exportable items in non-oil sector that can boost the ...

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PenCom stop charges on artisans’ savings below N5m

PenCom stop charges on artisans’ savings below N5m

The National Pension Commission has ordered Pension Fund Administrators to stop charging any fee on micro pension funds under their management that are below N5m. It disclosed this on Monday in a circular signed by the Head, Surveillance Department, PenCom, ...

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CITN seeks international relevance for members

CITN seeks international relevance for members

The Chartered Institute of Taxation of Nigeria says it has continued to make efforts to create relevance for its members in the country and internationally. The immediate President, Dame Olajumoke Simplice, said this while delivering her last message as the ...

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Nigeria, others lost $1tn oil revenue in two years – OPEC

Nigeria, others lost $1tn oil revenue in two years – OPEC

Nigeria and other members of the Organization of the Petroleum Exporting Countries lost about $1tn in revenue due to the plunge in oil prices in 2015 and 2016. OPEC’s Secretary-General, Sanusi Barkindo, who disclosed this at the 2021 Nigeria International ...

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Obaseki plans new airport in Edo North to rev up economic activities

Obaseki plans new airport in Edo North to rev up economic activities

The Edo State Governor, Mr Godwin Obaseki, is in talks with investors, development partners and other stakeholders on the construction of an airport in Edo North Senatorial District to open up the area and boost economic activities in the state. ...

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