Workers kick as Osinbajo inaugurates Indorama fertilizer plant in P/Harcourt
With air-tight security details, acting President Yemi Osinbajo, on Thursday flagged off production line at new fertiliser plant built by Indorama Eleme Fertilizer and Chemicals Limited in Port Harcourt. Some Nigerian workers who had written anger-laden petition to the National…
Fidelity Bank says new partnership with Visa’ll grow earnings, inclusion
Leading financial group, Fidelity Bank Plc., has said the new partnership it sealed with world largest payment network, Visa, on its mVisa new payment solution will apart from pushing up financial inclusion in Nigeria, boost earnings. Business Hilights gathered that…
FG halts oil exploration in Northern Nigeria as 48 corpses arrive UMTH
The federal government on Thursday, halted further exploration and search for oil and gas in any part of the northern Nigeria including Chad Basin and Benue hydrocabon region. The announcement was made by the Minister of State for Petroleum, Dr….
Legalise prostitution in Nigeria to end spread of HIV, STDs—Report
In what may sound tentatively absurd, the Nigerian Sex Workers Association (NSWA), though not yet duly registered or officially recongised has called on the Federal Government to make brotel sex work a legal business in Nigeria to curb the spread…
CAC workers end strike on orders of NIA Court, issues still linger
The strike embarked upon by staff of the Corporate Affairs Commission (CAC) was on Thursday called off with immediate resumption of official business activities. The strike was called off on the order of the National Industrial Arbitration Court, Abuja, on…
Rising agents’ compliance now reducing time for goods clearance—PTML Customs
Considering the saying that ‘Do the right thing and go on time’ seems to have started playing out at the Ports Terminal Multiservices Limited (PTML) terminals, Tincan as the Area Controller of Nigeria Customs Service (NCS), Mrs. Modupeola Aremu, has…
NPA seeks more details from Senate Committee on claims of ‘missing’ 282 vessels
The last may not have been heard on the growing differences heating up between the Senator Hope Uzodinma lead Senate Committee on Customs, Excise and Tariff, as the Nigerian Ports Authority (NPA) in a terse statement faulted the claims of…
Remaining 3 petroleum bills pass second reading, now in committee stage
Barley one month after the effective passage of the Petroleum Industry Governance Bill (PIGB), the Senate on Thursday, has kept to her promise by speeding up the legislative work on other three segments of the oil industry bills. The upper…
EFCC recovers N328bn from 9 oil marketers’, expects more from diversions
The Economic and Financial Crimes Commission (EFCC), working on a petition from petition against the leadership of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Pipelines and Product Marketing Company (PPMC), has recovered N328bn from Forte Oil, Oando,…
Failing US inventories stabilizing oil price above $50 throughout this week
Due to failing US inventories, oil prices seem be stabilizing at a near eight-week highs since Wednesday. The scenario bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude futures rose 40 cents to $50.60 a barrel by…
