BY CHIKA OKEKE, AbujaThere is an indication that Nigeria may soon begin the importation of crude oil given the low production capacity and condition of the refineries.Nigerian Upstream Petroleum Regulatory…
Category: BUSINESS
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NCDMB Wants Indigenous Firms to Embrace Corporate Governance
BY CHIKA OKEKE, AbujaThe Nigerian Content Development and Monitoring Board (NCDMB) has appealed to indigenous oil and gas companies to embrace corporate governance in their operations for maximum growth and…
FG to Commence New Community Devt in Ogoniland
The Federal Government has stated its readiness to commence a new community development that would lead to the integration of traditional institutions, youths and stakeholders in the cleanup of Ogoniland.Minister…
$5bn Train-7 Project Reaches 52% Completion, Engages 8,300 Persons
BY CHIKA OKEKE, AbujaThe ongoing construction of the $5bn Train-7 project undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State has reached 52 percent completion.This…
Payment of 15m Households Biggest Social Protection Intervention in Africa – Ajuluchukwu
63m Nigerians to benefitBY CHIKA OKEKE and KINGSLEY AKAMABE, AbujaThe Conditional Cash Transfer Office (CCTO) domiciled in the Ministry of Humanitarian Affairs and Poverty Alleviation has disclosed that the payment…
Local Content: NCDMB Praises Genesis Group for Creating 2,500 Jobs
BY CHIKA OKEKE, AbujaCommitted to promoting local content in all sectors of the economy, the Nigerian Content Development and Monitoring Board (NCDMB) has praised the foremost hospitality firm, Genesis Group…
NLC President, Ajaero Brutalised by Policemen, Rushed to Owerri FMC
The President of the Nigeria Labour Congress (NLC) Joe Ajaero has been rushed to the Federal Medical Centre (FMC) Owerri with his right eye allegedly completely shut.This comes hours after…
FG Okays N2.1trn as 2023 Supplementary Budget
The Federal Government has approved N2.1 trillion to finance the 2023 supplementary budget.Addressing State House Correpondents shortly after the Federal Executive Council (FEC) on Monday in Abuja, Minister of Budget…
CBN Refutes Claims on Naira Redenomination
The Central Bank of Nigeria (CBN) has debunked claims of redenominating the legal tender, the Naira with effect from January 2024.CBN’s Director, Corporate Communications Department, Isa AbdulMumim disclosed this in…
NCDMB Enjoins Stakeholders to Implement PIA for Positive Growth
BY CHIKA OKEKE, AbujaThe Nigerian Content Development and Monitoring Board (NCDMB) has challenged stakeholders in the oil and gas industry to implement the Petroleum Industry Act (PIA) 2021 for positive…