Eni, the parent company of Nigerian Agip Oil Company (NAOC), has declared a Force Majeure on expected oil output at its Brass terminal in Yenagoa, Bayelsa State, following a blast in one of its oil line facilities. With the serious damage to the firm’s facility, it means Nigeria would be recording a shortfall of 25,000 […]
The Securities and Exchange Commission (SEC) Nigeria has sealed the premises of Oxford International Group/Oxford Commercial Services, Farmforte Agro Allied Solutions Limited/Agro Partnerships as well as Vektr Capital Investment/Vektr Enterprise for illegally engaging in capital market activities. The commission disclosed on Monday that the offices of the companies in Lagos, Port Harcourt and Abuja were […]
The Executive Vice Chairman and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has been honoured with awards of recognition at the 2022 International Women’s Day in recognition of his role in women empowerment in the country. The awards were conferred on the telecoms industry’s regulator during a public lecture […]
The Centre for the Promotion of Private Enterprise (CPPE), one of Nigeria’s private sector advocacy groups, has appealed to the fiscal authorities to suspend the proposed excise duty on manufacturers in view of the fiscal and other challenges manufacturers are currently grappling with in the country. The Centre’s Chief Executive Officer, Dr. Muda Yusuf, in […]
Nigeria’s total pension fund assets grew to a record highest value of N13.61 trillion in January 2022, representing 1.4% or N183.8 billion rise over the value of the assets totaling N13.42 trillion as of December 2021. The latest pension assets value was contained in the unaudited report by the regulatory authorities on the pension funds […]
The Lagos Chamber of Commerce and Industry (LCCI), Nigeria’s leading organized private sector (OPS) group, has advised the federal and state governments on the need to adopt proactive measures to avert food, oil and gas, and other associated crisis in the domestic economy as the ongoing Russia-Ukraine war continues to disrupt the global economic system. […]
The Chairman/Chief Executive Officer, Geometric Power Ltd, Aba, Abia State, Prof. Barth Nnaji, on Friday promised electricity consumers in the state of improved power supply and continued retention of the current tariff regime. Nnaji gave this assurance in a meeting between the company’s management with some stakeholders at the Osisioma, Aba office of the company. […]
The Nigerian Institute of Town Planners (NITP) on Friday decried the poor awareness of urban planning regulations with the attendant negative implications for well-planned and standardized urban structures in the country. The professional body’s National President, Mr. Toyin Ayinde, who spoke in Bauchi when he led a delegation of the Institute on an advocacy visit […]
The Chairman of National Association of Telecommunications Subscribers (NATCOMS), Mr. Adeolu Ogunbanjo, on Friday dispelled the impression by people that telecom mast radiation is risky, pointing out that there is no health risk associated with erecting telecoms mast in residential areas. The NATCOMS’ leader was quoted by the News Agency of Nigeria (NAN) as saying […]
The United Nations Food and Agriculture Organisation (FAO) on Friday projected that no fewer than 19.4 million Nigerians may face acute food and nutrition insecurity between June and August this year The organisation’s Food Security Analyst, Mr. Jasper Mwesigwa, who gave this hint in Abuja at the Nigeria Cadre Harmonise Acute Food and Nutrition Insecurity […]