…Stakeholders Call For Efficient Rail system By Kenneth Jukpor Amid fears that the emerging dry ports in the nation may be seen as a threat to the profitability of seaports terminal operators and shipping lines in the country, major shipping …
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The Senate thursday issued a seven-day ultimatum to the Nigerian National Petroleum Corporation (NNPC) to ensure there is adequate supply of petrol nationwide in order to clear the lingering queues at the filling stations within seven days. The legislative body …
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An aircraft owned by Nestoil thursday skidded off the runway and forced the Federal Airports Authority of Nigeria (FAAN) to shut down flight operations for 30 minutes at the Nnamdi Azikiwe International Airport, Abuja. The incident occurred when the aircraft …
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The Nigeria Governors’ Forum (NGF) thursday in Abuja accused the Nigerian National Petroleum Corporation (NNPC) of short-changing the country by failing to remit to the entire joint venture proceeds from the sale of crude oil to the Federation Account for …
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Pandemonium erupted wednesday at the Ijegun area of Satellite Town, Lagos State, after one of the tank farms in the area exploded, snowballing into an inferno. The fire, which started as an explosion, sent the residents scampering for safety, as …
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Nigeria’s oil and gas industry wednesday recorded another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) unit for the 200,000 barrels per day capacity Egina Deepwater oilfield arrived the country from South Korea. The Egina oilfield, which is …
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The Federal Airports Authority of Nigeria has urged the Infrastructure Concession Regulatory Commission to correct the anomalies associated with the Build, Operate and Transfer agreement between the agency and Bi-Courtney Aviation Services Limited, operators of the Murtala Muhammed Airport 2. …
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Airline Operators of Nigeria (AON) on Tuesday kicked against the plan to deregulate the African airspace as an endorsement of Yamoussoukro Decision, which was agreed on by African states in Yamoussoukro, Cote’Ivoire in 1988. The open sky for Africa allows …
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No hidden govt funds in our custody, says Keystone Bank Senator Dino Melaye has accused the Nigerian National Petroleum Corporation (NNPC) of unlawfully operating an account for one of its Joint Venture Companies partnership with Keystone Bank with a current …
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NNPC maintains project adhered to budget, senators demand audit The 200,000 barrels per day Egina oil project which encompasses a 330 metre long Floating Production Storage and Offloading (FPSO) platform designed to process oil from the field from December 2018, …
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· Re-Constituted CRFFN Board for geo-political zones · ICD, TTP stakeholders to meet in Lagos By Kenneth Jukpor Determined to ease the traffic congestion on the Lagos ports, the Federal Government is working on a comprehensive waiver structure to enhance the patronage of …
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Seeks Buhari’s timely assent to enable law revive governance in sector The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed its delight with the passage of the Petroleum Industry Governance Bill (PIGB) into law by the House of Representatives, …
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The Nigerian National Petroleum Corporation (NNPC) said it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity. The corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, disclosed this …
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The Managing Director, Nigerian Ports Authority [NPA], Hadiza Bala Usman has announced NPA’s readiness to participate in the forthcoming 39th Kaduna International Trade Fair scheduled to hold between the 23rd February to 4th March, 2018. This was contained in a …
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The International Air Transport Association (IATA) has identified some of the problems affecting airlines in Africa to include blocked funds and denied access to foreign exchange in Africa describing them as the increasing problems for foreign airlines. The Director-General of …
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Qatar Airways stole the limelight on the opening day of the Kuwait Aviation Show last Wednesday, showcasing its patented new Business Class seat, Qsuite, for the first time in 2018, along with the airline’s extra-wide body Airbus A350-900. …
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There is an indication that the federal government may source for additional N10 billion to provide the basic amenities, and relocate some facilities before the new terminals built at the four major airports in Abuja, Lagos, Kano and Port Harcourt …
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The House of Representatives has passed a resolution to set up an ad-hoc committee to among other things investigate the operation of Production Sharing Contract (PSC) between the Nigerian National Petroleum Corporation (NNPC) and the International Oil Companies (IOCs) to …
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Saraki: Other aspects of bill will be handled by joint c’ttee of both Houses FG sues JP Morgan for $875m over Malabu deal With the passage of the Petroleum Industry Governance Bill (PIGB) by the House of Representatives on Wednesday, the Speaker …
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The Court of Appeal in Lagos wednesday ordered terminal operators to refund N1trillion to the federal government. The court also upheld the power of the Nigerian Shippers’ Council (NSC) to intervene in shipping agency charges and fees collectable by suppliers …
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