The Senator representing Bayelsa West in the National Assembly, Seriake Dickson, has expressed deep concern over the ravaging oil spillage from the OML 29 Well 1 platform operated by AITEO Exploration and Production Company Limited in the Nembe creeks. Dickson,…
The leaking well at Oil Mining Lease (OML) 29, operated by Aiteo Eastern Exploration and Production Company in Nembe swamps in Bayelsa, has been sealed. The leak, which was reported to regulatory agencies on Nov. 5, 2021, had been ongoing…
Sentiments remained positive in the domestic stock market on Wednesday with a growth of N217 billion arising from price rally recorded by MTN Nigeria Communications (MTNN) and 19 other stocks. Specifically, the market capitalisation inched higher by N217 billion or…
Issues regarding COVID-19 pandemic has assumed new narratives with recent development demanding the need for new directives and response structures. The progressive mutations of the Virus to more transmissible and deadly variants have informed changes in guidelines across the world.…
The Securities and Exchange Commission (SEC) has disclosed that the Commission is engaging relevant stakeholders in a bid to resolve issues of identity management which will assist in solving the rising unclaimed dividends in the capital market as well as…
Unity Bank has collaborated with identified women groups in the North East and South/South regions as the Bank launches Yanga Account in Gombe and Uyo. A statement from the Bank said the initiative and platforms being created with the Yanga…
By Seun Ibiyemi The surge of maritime piracy in Africa’s Gulf of Guinea is not just a threat to the foreign ship and cargo owners but also carries significant costs that amount to over $1.9bn for the coastal nations, a…
The African Export-Import Bank (Afreximbank) and UTM Offshore have signed a Memorandum of Understanding (MoU) to raise $2 billion for the development of Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. The UTM Offshore FLNG will be the first such…
By Moses Adeniyi Lack of awareness is responsible for preventing many residents, prospective entrepreneurs, and businesses in Lagos from benefiting from the plethora of programmes available for empowerment as provided by the Lagos State Government, Nigerian NewsDirect has gathered. The…
Oyo State government, on Wednesday, began a three-day training on conflict management for principal officers of local government councils in the state. The workshop, organised by the Ministry of Local Government and Chieftaincy Matters, is aimed at addressing some of…
