A local government in the Niger Delta is disputing the conclusion of an investigation over who was to blame for a five-week oil spill, with potentially significant implications for affected communities’ prospects of securing compensation. Lagos-based Aiteo Eastern E&P Co.…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged stakeholders in the oil sector to collaborate with the Federal Government for the dredging of the Calabar channel. Mr Ogbugo Ukoha, the Executive Director, Distribution System, Storage, Retail and…
A group under the aegis of Concerned Indigenes of Dangbala (CID) in Akoko- Edo Local Government Area of Edo State, said the delay by the Federal Government and relevant stakeholders in allowing legitimate licence holders commence mining at Dangbala site…
Aggrieved people of Opukushi in the Ekeremor Local Government Area of Bayelsa State have disrupted oil exploration activities at an oilfield operated by the Shell Development Company of Nigeria Limited (SPDC) in the area. The people are protesting against alleged…
Another fiscal year has begun with the running of a new budget, but one phenomenon that still poses threats before the Country is the culture of financial recklessness, mismanagement, misappropriation, and diversion of funds within the public sphere of administration.…
The NGX closed on a positive note to sustain the rally amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 171 basis points. The NGX ASI closed at 44,608.82 points, to reflect a growth of 1.71% from…
The Central Bank of Nigeria may need to tighten monetary conditions, in form of higher rates, in line with the global trend of managing foreign currency reserve depletion. This is according to a Sigma Pensions report titled, ‘Nigeria 2022 outlook:…
Dangote Cement Plc has announced the commencement of the second tranche of the shares buyback programme. This comes after the company’s shareholders approved the move at the Annual General Meeting held in May 2021. This was revealed in the company’s…
Spurred by the vision, objectives and successes of policies, progranmmes and projects instituted by the Nigerian Communications Commission (NCC) to bridge the digital divide and encourage the youth to harness derivable benefits of the Fourth Industrial Revolution (4IR), the authority…
By Seun Ibiyemi The Federal Operations Unit Zone A of Nigeria Customs Service has announced that it made seizures 319,525 litres of PMS, others worth a duty paid value of N7,813,257,112 and generated N617,919,095.19 as total revenue made last year. Acting…
