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NNPC, partners construct 200-bed hospital in Yenagoa

FG’ll offer small oil fields for licensing –NNPC

The Nigerian National Petroleum Corporation-led oil and gas industry intervention initiative on COVID-19 has commenced the third phase of their support programme. According to the NNPC, the phase commenced with the foundation laying ceremony of a permanent emergency and infectious ...

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FG retains N125/litre petrol price despite crude oil crash

Nigeria’s oil projects threatened as IOCs suffer $27.8bn loss

The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May 2020 despite continued crash of crude oil price. The Petroleum Products Pricing Regulatory Agency had stated that the cost of ...

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Mass sacking in banks averted as CBN wades in

I’m too busy to eye Anambra gov seat — Ngige

No bank worker, whether permanent or temporary, will be sacked due to the economic slump occasioned by the current coronavirus pandemic, it was learnt yesterday. The assurance came from the Central Bank of Nigeria |(CBN) and the Bankers ‘ Committee ...

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PSG offer £45m for Ndidi

United scouts urge Solskjaer to sign Ndidi

Leicester City midfielder, Wilfred Ndidi, is on the radar of Ligue 1 champions, Paris St.Germain, according to ESPN. The Foxes’ midfielder has had a fine season with some eye-catching displays for the former Premier League champions. His consistency and work rate ...

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Post COVID-19 Era: Massive Job Losses Loom Across Nigeria’s Public And Private Sectors

NACCIMA, MAN Demand Enforcement Of 30% Reduction In Haulage Cost

·         Developing competence is better than N50bn CBN intervention – Chukwu ·         Port sector to observe lull, export may boom – Nwagbara ·         Women will suffer 59% global retrenchment – Anishere By Kenneth Jukpor Despite the already perplexed economic situation in Nigeria occasioned ...

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BEARS: Party Goes Wrong

BEARS: Party Goes Wrong

Despite the increasing number of the COVID-19 pandemic in Lagos state, 65 partygoers have been arrested for violating the lockdown order at 84 Parks and Gardens, Augusto Close, Oko-Oba, Abule-Egba area of the state for a birthday bash. The party ...

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BULLS: Exemplary Father

BULLS: Exemplary Father

Obedience is better than sacrifice, as buttressed by the case of  a retired Federal Road Safety (FRSC) officer in a viral video who rejected his son for not obeying the stay home order by the government despite warning him to ...

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Managing Social Distancing: Health And Economic Implications

Managing Social Distancing: Health And Economic Implications

In the face of increasingly widespread of COVID-19 pandemic, Nigeria with population of over 200 million people gradually easing down the lockdown in  the country after five weeks of lockdown in the country. The coronavirus brought life to a near ...

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COVID-19: Economic Threats At Nigerian Airports And Seaports

Appraising Shippers' Council Activities At Ports Under COVID-19

By Kenneth Jukpor As the President Mohammadu Buharui relaxes the lockdown to allow some business operations commence, there are worrisome indications that crisis may ensue at the seaports and airports as a result of certain charges. Accumulated storage charges and ...

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How Political Interference Mars Nigerian Ports Sustainability – Ezeoke

How Political Interference Mars Nigerian Ports Sustainability - Ezeoke

By Kenneth Jukpor Mrs. Eunice Ezeoke is the President of Women’s International Shipping and Trading Association (WISTA) Nigeria. In this interview with MMS Plus newspaper, Eunice also proffers practical solutions to a myriad of Nigerian port sector challenges. She reveals how political ...

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COVID-19: Shell Cuts Dividend For First Time Since WWII

COVID-19: Shell Cuts Dividend For First Time Since WWII

Royal Dutch Shell on, cut its dividend for the first time since the 1940s after a first-quarter loss – and warned virus-ravaged oil prices will take time to fully recover. The Anglo-Dutch group sank into a $24-million ($29.5-million) net loss ...

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COVID-19 Responsible For Slow Meter Rollout — Eko Disco

Eko Disco Promises Customers Constant Electricity

Eko Electricity Distribution Company Plc said on Wednesday, that the COVID-19 pandemic had slowed down the deployment of meters to customers. The Managing Director/Chief Executive Officer, EKEDC, Mr Adeoye Fadeyibi, stated this during a fact-finding visit by a joint committee ...

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Nigerian Oil Firms Cut Expenses, Battle For Survival

Government moves for $10 oil production cost

Indigenous oil and gas companies are among the operators in the country worst hit by the sharp drop in oil prices and demand, with many now struggling to stay afloat. The international oil price benchmark, Brent crude, which rose to ...

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How Women In Maritime Sector Should Prepare For Post COVID-19 Era

How Women In Maritime Sector Should Prepare For Post COVID-19 Era

Barr. (Mrs.) Jean-Chiazor Anishere is the President of African Women in Maritime (WIMAFRICA). She presented this paper recently on the challenges as well as emrging opportunuities for women operating in the maritime sector after the coronavirus pandemic. Enjoy it:   ...

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…says Nigeria’s oil, gas exports to fall by $26.5bn

…says Nigeria’s oil, gas exports to fall by $26.5bn

• Oil price rises to $25 The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this year as a result of the coronavirus-induced sharp drop in prices and demand. The ...

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ExxonMobil director Udom Inoyo retires from service

ExxonMobil donates vehicles for COVID-19

ExxonMobil affiliate companies in Nigeria have announced the retirement from the Company of Udom Uko Inoyo, Vice Chairman & Management External Advisor, Upstream Nigeria, after more than 30 years of meritorious service, effective May 1, 2020. Announcing the retirement in ...

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Shippers’ Council raises alarm on falling exports

Shippers’ Council raises alarm on falling exports

• Wants terminals to procure scanners The Nigerian Shippers Council (NSC), has raised an alarm over the free fall in exports at the seaports due to current lockdown occasioned by the COVID-19 pandemic. Executive Secretary, NSC, Hassan Bello, during a ...

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$3.4bn support: IMF to conduct due diligence on CBN

GIS Policy: Managing Loan Defaulters

Indications have emerged that the International Monetary Fund is to conduct a due diligence exercise on the Central Bank of Nigeria as part of a fresh ‘safeguards assessment’. The new safeguards assessment is a fallout of the $3.4bn emergency financial ...

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COVID-19: INEC meets May 7 to adopt guidelines for resumption

COVID-19: INEC meets May 7 to adopt guidelines for resumption

The Independent National Electoral Commission (INEC) said it would meet on Thursday (May 7), to review the situation in its offices nationwide. The commission will also at the meeting adopt a clear road map and guidelines for resumption of activities. ...

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MTN, others plan $4.8bn investment in Nigeria

MTN, others plan $4.8bn investment in Nigeria

Ten companies are planning to invest the sum of $4.8bn in various sectors of the Nigerian economy, the Nigerian Investment Promotion Commission has said. Highlights of the investment plans are contained in a report released by the NIPC. The report ...

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