The national president of Agricultural and Allied Employee Union of Nigeria (AAEUN), Alhaji Abdullahi Danda Bungudu, has canvassed immediate increased budgetary allocation for agricultural activities to enhance the promotion of small and medium enterprises in the sector. Bungudu made the point in Abuja yesterday while reacting to allegations of financial misconduct against him by Comrade [...]
Nigerian National Petroleum Corporation, NNPC, will begin selling its oil via annual term contracts beginning in June. An official notice issued by the NNPC said that it has opened a tender process to sell its oil under multi-billion dollar annual term contracts. The corporation has invited refiners, trading houses, and local oil companies to submit [...]
The Central Bank of Nigeria (CBN) has said that it would establish an entrepreneurship development centre in Nasarawa state. Speaking during an on-the-spot assessment of the suitability of the state, Mr Femi Fambawo, who led the apex bank’s delegation to Lafia, said that Nasarawa “is one of the states in the north central geo political [...]
The Nigerian Stock Exchange has urged the National Pension Commission to review the Pension Fund Administrations (PFA’s) investment guidelines regarding the capital market. The chief executive Officer of the NSE, Mr. Oscar Onyema who made the pledge said there was need for government backed initiatives to be reviewed in order to bring growth and development [...]
The Mobil Producing Nigeria (MPN) yesterday said it had completed three wellhead platforms constructed under the Satellite Fields Development Project Phase-1 in Lagos. Executive Director and General Manager (Public and Government Affairs), MPN, Mrs Gloria Essien-Danner said in a statement that the platforms would help to develop new offshore oil resources. It said that MPN [...]
The acting Governor of Kebbi, Alhaji Habibu Jega, has directed the distribution 60,000 litres of kerosene to residents in rural areas of the state free of charge. The News Agency of Nigeria (NAN) reports that Jega gave the directive to Alhaji Sambo Zogirma, the Deputy Leader of the State House of Assembly. In compliance with [...]
In its efforts to reposition the capital market to attract new companies for listing, the market, the Securities and Exchange Commission(SEC) has approved a new listing rules proposed by the Nigerian Stock Exchange (NSE). A statement issued by the NSE said “a fundamental requirement to drive these initiatives is a set of Listing Rules that [...]
Oil thieves have taken advantage of a poor security machinery of the federal government to steal crude oil which top industry operators indicate is about 150,000 barrels per day (bpd). Ian Craig, Executive Vice President, Sub- Saharan Africa at Shell Exploration and Production Africa Limited, made the revelation yesterday in Abuja at the ongoing [...]
Latest research shows that Nigeria is leading Africa in terms Internet connectivity. SA, Africa’s largest economy, is falling behind other countries on the continent when it comes to the number of people who have access to the Internet. That is according to the latest Internet World Stats figures on connectivity rates in Africa. Internet World [...]
Plans are on by the Petroleum Training Development Fund (PTDF) to establish an underwater welding training institute. The move is a bid to domicile churning out the highest technical skill required in the oil and gas industry. The Executive Secretary of PTDF, Engr. Muttaqha Rabe Darma, who spoke in Abuja yesterday while presenting certificates to [...]
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