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Monthly Archives: June 2017

Shut down of works on 2nd Niger Bridge, Lagos/Ibadan road, others imminent—Fashola


A clearer picture of the reasons behind the delay in assenting to the 2017 national budget by Acting President Yemi Osinbajo were on Thursday, unmasked in Abuja by the Minister of Power, Works and Housing, Mr. Babatunde Fashola. In an interactive session with select editors, the visibly aggrieved Minister, revealed that series of distortions in several capital budgets including strategic ...

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Etisalat claims 42% debt cleared, chides reports of investigation on use of loan

NCC Etisalat

In continuation of the drama and counter claims trailing the final fight for the soul of Etisalat Nigeria, the company claimed on Thursday that about 42 per cent (about $504 million) of the original loan package of $1.2 billion (about N377.4 billion) from a consortium of Nigerian banks has since been repaid. However, Exotix Capital report in London on Thursday ...

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Communications Minister, Shittu claims training 28,800 youths on e-jobs

Shittu 66

The Minister of Communications, Adebayo Shittu on Thursday in Ile-Ife, Osun State said his ministry has trained 28,800 unemployed youths from various states of the Federation on online job majoring on Micro-work and E-lancing. He said the training was possible because the ministry is leveraging on Information Communication Technology (ICT) for rejuvenating Nigeria’s economy as well as encouraging massive online ...

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FG silent on revoking licences as Indonesian firm indicates interest to build refinery


More than two months after the federal government warned that it will soon begin the revocation of private oil refinery licenses issued by previous administration to about 14 companies, nothing has been heard. However, an Indonesian firm, PT Intim Perkasa Nigeria Limited, a subsidiary of PT Intim Perkasa, on Thursday in Abuja, signaled interest to build a refinery in Nigeria. ...

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NUPENG welcomes repair of Apapa-Wharf road, fears associated gridlock during work


The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday, raised fears over the possibility of the gridlocks coming with resumption of construction works on Apapa-Wharf Road to cause fuel scarcity in some parts of the country. The South-West Chairman of the union, Alhaji Tokunbo Korodo, in an interview, said that since the inauguration of reconstruction of the ...

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NIMASA set to seal MoU deal with Ghana to grow regional maritime industry


Indication has emerged that the Nigerian Maritime Administration and Safety Agency (NIMASA) is set to provide support to the Ghana Maritime Authority (GMA) through a proposed Memorandum of Understanding (MoU). The areas being considered for the MoU are; regular knowledge sharing and knowledge transfer, capacity building initiatives and Cabotage implementation/enforcement processes. Director General of NIMASA, Dr. Dakuku Peterside made this ...

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Bello gives antidote to 24-hour activities at Seaports, standard operating procedures


The Executive Secretary of Nigerian Shippers Council (NSC), Hassan Bello, has opened up on the best way to achieve what he described as Standard Operating Procedure (SOP) at the nation’s Seaports. In his submission at a town hall meeting on 24-hour operations at Seaports in Lagos Bello advised the Federal Ministry of Transportation and that of Power, Work and Housing ...

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Tension rising in Ogoniland over confusion on oil spill clean-up claims, counter claims

Ogoni cleanup

More than one year after the celebrated presidential flag off of clean up of Ogoniland which stemmed from the United Nations report, controversies on whether the job has started or not are still raging. Whereas the Minister of State for Environment, Mohammed Jibril in a recent interview claimed that work is in progress, indigenes and several environmental watchdogs have maintained ...

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Chevron Nigeria lists 3 key challenges frustrating oil industry operations

Chevron training

Leading International Oil Company (IOC), Chevron Nigeria Limited (CNL), on Thursday at the Pan Atlantic University (PAU), Lekki in Lagos, opened up on the real challenges drawing back the expected speed of industry operations in the oil rich Niger Delta. In her presentation at the ongoing training for senior media executives at the School of Media & Communications (SMC) in ...

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New twist as banks seek forensic investigation on how Etisalat used $1.2bn loan


Fresh strange developments seem to be trailing the ongoing determination of the destiny of embattled telecoms group, Etisalat this week. Latest on Wednesday indicates that the consortium of 13 banks, involved in Etisalat Nigeria’s $1.2bn loan has changed its game, seeking the Federal Government’s intervention to investigate the management and use of the facility in the first instance. A dependable ...

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