Business

BY ONYEKA AJUMOBI ONOCHIE The Federal Government is optimistic that the proposed reform of the Calabar and Kano Special Economic Zones (SEZs) will cause a major revitalization of the two zones and also serve as a catalyst for transforming them into world class standard, Minister of Industry, Trade & Investment, Otunba Adeniyi Adebayo, has revealed. Inaugurating the Transaction Implementation Committee ... Read More »

BY ONYEKA AJUMOBI ONOCHIE The Federal Government is optimistic that the proposed reform of the Calabar and Kano Special Economic Zones (SEZs) will cause a major revitalization of the two zones and also serve as a catalyst for transforming them into world class standard, Minister of Industry, Trade & Investment, Otunba Adeniyi Adebayo, has revealed. Inaugurating the Transaction Implementation Committee ... Read More »

BY ONYEKA AJUMOBI ONOCHIE The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has charged the newly reconstituted Board of the Petroleum Products Marketing Company (PPMC) to sustained all-season availability of products across the country. Mallam Kyari who made the call Thursday while inaugurating the new Board of the corporation’s downstream subsidiary at the NNPC ... Read More »

BY ONYEKA AJUMOBI ONOCHIE Justice L.N. Oweibo of Federal High Court, Ikoyi, Lagos, yesterday, July 9, 2020 convicted and sentenced Captain Peter Okomi to three years’ imprisonment. Also convicted and sentenced were his company, Moyitok Nigeria Ltd and a vessel, M.V. Agbeke, for illegal dealing in petroleum products. The convicts were prosecuted by the Lagos Zonal Office of the Economic ... Read More »

BY ONYEKA AJUMOBI ONOCHIE A first prosecution witness in the ongoing trial of Dauda Lawal, Executive Director, First Bank Plc, has told Justice Muslim Hassan of the Federal High Court sitting in Ikoyi, Lagos, how he delivered 12 padlocked bags containing $70m to an Abuja-based banker on the instruction of a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke. The ... Read More »

BY ONYEKA AJUMOBI ONOCHIE The Nigerian National Petroleum Corporation (NNPC), Thursday, in Abuja, announced an increase of 19.14 per cent in the average daily natural gas supply to power plants which translates to 788millon standard cubic feet of gas per day (mmscfd), equivalent to power generation of 2,873MW. The corporation, in a release by its Group General Manager, Group Public ... Read More »

BY ONYEKA AJUMOBI ONOCHIE The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture. The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve Station) for access during discharging of ... Read More »

Legal representative to Ramon Abbass (Hushpuppi), Gal Pissetzky of Pissetzky and Berliner has said the popular Instagram celebrity is not guilty of any of the charges against him. Speaking during an interview with Forbes, Pissetzky said “Ramon Abass, aka Hushpuppi is absolutely not guilty of all the charges they are accusing him of. “Abass was running a very legitimate business ... Read More »

BY ONYEKA AJUMOBI ONOCHIE The Minister of State for Petroleum, Timipre Sylva, has said that the Nigerian Content Intervention (NCI) Fund, has hit an all-time high of $350m, two years after it was established in 2017 with a $200m fund managed by the Bank of Industry. According to him, the NCI Fund was provided to qualified stakeholders in the Oil ... Read More »

Fidelity Bank Plc has announced the appointment of Mr Mustafa Chike-Obi as the new chairman of its board. This followed the successful completion of the tenure of Mr. Ernest Ebi (MFR) and Seni Adetu, who had been serving as Chairman and Independent Non-Executive Director, respectively. Under the Chairmanship of Mr. Ernest Ebi, the Bank recorded significant growth across key financial ... Read More »

BY ONYEKA AJUMOBI ONOCHIE The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration. Mr. Adokiye Tombomieye, the Group General Manager, Crude Oil Marketing Division ... Read More »

Alhaji Mikail Mumuni, renowned journalist and publisher, has been appointed Group Corporate Affairs Manager of Resort International Ltd. Resort International is a project development group with active involvement in the real estate, infrastructure, construction and aviation sectors which has Dr Wale Babalakin SAN as chairman. Member companies of Resort International Group include Bi-Courtney Limited, Bi-Courtney Aviation Services and Stabillini Visinoni. ... Read More »

   Ekiti State will join one of the largest affordable housing initiatives in the world, following a new agreement that will see at least 50,000 affordable homes built over the next decade.   “We are very excited to partner with UNOPS and SHS to deliver affordable housing to the people of Ekiti State,” said Ekiti State Governor, Dr. Kayode Fayemi ... Read More »

….Asks all states’ selection committees should proceed with their work unhindered The Minister of State, Labour and Employment, Mr. Festus Keyamo, SAN, FCIArb (UK) has flayed the attempt by the Joint Committees on Labour of both the Senate and the House of Representatives to frustrate his ministry’s efforts at creating 774,000 jobs across Nigeria’s 774 local government areas. This was ... Read More »

… Commends NNPC, Stakeholders for Embarking on Project Despite COVID-19 Pandemic BY ONYEKA AJUMOBI ONOCHIE President Muhammadu Buhari has said that delivery of the 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is part of his Administration’s Next Level Agenda for sustainable development and economic prosperity of Nigeria. The President, who stated this Tuesday while flagging off construction works on the AKK ... Read More »

Governor Seyi Makinde of Oyo State has described the death of foremost Ibadan businessman and philanthropist, Bode Akindele, as a great loss to the state and Nigeria as a whole, the News Agency of Nigeria reports. Chief Akindele died on Monday morning in Lagos, barely 24 hours after the burial of a former governor of the state, Abiola Ajimobi. Makinde ... Read More »

BY ONYEKA AJUMOBI ONOCHIE The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost today, Tuesday, 30 June, as President Muhammadu Buhari performs the Flag-off of the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project. The project, expected to be completed within a 24-month timeline, is a section of the Trans-Nigeria ... Read More »

…Ends interstate lockdown The Federal Government has approved “safe reopening” of schools nationwide in the next phase of the gradual easing of lockdown yesterday. However, only pupils in Primary 6, Junior Secondary School 3 and Senior Secondary School 3 will resume. Higher institutions, day care centres and other classes in primary and secondary schools will remain closed. Also, government lifted ... Read More »

…as NMMC Board holds inaugural meeting The Executive Chairman of the Oyo State Solid Minerals Development Agency, Mr. Abiodun Oni, has stated that the marble industry in Igbeti will spring back to life within the next few months, as investors have already begun to show interest in developing the industry. Oni, who stated this shortly after a Board meeting of ... Read More »

  By Abdurrahman Ahmed Bundi Borno Governor, Babagana Umara Zulum on emerging as the APC Governorship flag bearer on 1st of October 2018 and his subsequent victory at A General election on Saturday 9th March 2019, he has been the most popular Governor in Nigeria. Considering the quantum of expection on him, one may be tempted to ask “One year ... Read More »