CITING oil spill and fresh excavation on the pipeline’s right of way, the management of Total Exploration and Production Nigeria Limited has stopped the expedition of crude on its Obagi-Rumuekpe 12 oil export pipeline. In a statement signed by its…
Probe Destination Inspection scheme, group tells Buhari
President of National Council of Managing Directors of the Licensed Customs Agents, Mr. Lucky Amiwero, has called on President Muhammadu Buhari to investigation the current operation of the Destination Inspection scheme. He alleged that the scheme had collapsed as it…
Buhari directs NNPC to partner indigenous oil and gas firms
President Muhammadu Buhari has assured indigenous companies operating in Nigeria’s oil and gas sector of the full support and protection of his administration. At a meeting with members of the Independent Petroleum Producers Association in the Presidential Villa, on Wednesday,…
‘NIMASA’s partnership with Nigerian Navy Beneficial to Maritime Sector’
The Acting Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Mr. Haruna Baba Jauro has described the partnership between the Agency and the Nigerian Navy as beneficial to the growth and development of the maritime sector and…
UBA gets award as largest lender to agriculture
United Bank for Africa (UBA) plc has been honoured as Nigeria’s biggest lender to agriculture by the Lagos Chamber of Commerce and Industry (LCCI). Listing some of the consideration LCCI considered in selecting winning companies for the awards, Aderemi Bello,…
Buhari accept Dikko’s resignation
The President and Commander In Chief of the Nigerian Armed Forces, Alhaji Muhammadu Buhari GCFR, has approved the voluntary retirement of the Comptroller-General of Customs Dikko Inde Abdullahi CFR from service with effect from Tuesday 18th August 2015. 2. In…
Nigeria has 146 private jets, says NCAA
NOT less than 146 private jets are in Nigeria. Confirming the development, the Nigerian Civil Aviation Authority (NCAA) disclosed that out of the 146 corporate jets, only 46 were registered in Nigeria while 100 has foreign registration. Director General of…
NNPC probes oil contracts
THE Federal Government through Nigerian National Petroleum Corporation (NNPC) has commenced review of all Production Sharing Contracts, Joint Venture Agreements and all other contracts between it and its various partners. Meanwhile, the NNPC is to meet today with key officials…
Flour Mills to merge subsidiaries
THE management of Flour Mills of Nigeria Plc (FMN) has announced plan to conduct a restructuring by merging five of its subsidiaries with its holding company under a scheme of External Restructuring. According to the Group Managing Director, Flour Mills,…
Buhari reinstates former NPA MD
President Muhammadu Buhari has terminated the appointment of the Managing Director of the Nigerian Ports Authority (NPA), Alhaji Sanusi Ado Bayero. The termination of Alhaji Bayero’s appointment is with immediate effect. A statement by the presidential spokesperson, Mr. Femi Adesina…
NLNG not funding Badagry Dockyard, says BSMEC
The Badagry Ship Repair and Maritime Engineering Company (BSMEC) has responded to the ongoing controversy which trailed its recent decision to site a $1.5bn Dockyard project in Badagry, Lagos State. Speaking in Lagos on behalf of the consortium, Dr. Taiwo…
At NSE, Berger paints pledges to lift shareholders returns
THE Managing Director and Chief Executive Officer of the Berger Paints Nigeria Plc, Mr. Peter Folikwe has pledged to lift shareholders returns.Speaking while addressing the management of the Nigerian Stock Exchange (NSE) during a courtesy visit, he said the company…
Ministry under scrutiny over alleged diversion of N119b railway fund
President Muhammadu Buhari has queried the Ministry of Finance over alleged diversion of N119billion foreign loans secured to expand and develop rail projects. The loans were secured by the former administration of President Goodluck Jonathan. Buhari wants to ascertain how the loan…
FAAN canvasses quality aviation fuel
THE Federal Airports Authority of Nigeria, (FAAN) has enjoined aviation agencies to initiate quality control mechanism to strengthen and make Jet A1, the fuel used by aircraft safer. Managing Director of FAAN, Saleh Dunoma, an engineer, stated this during his keynote address at…