Alliance for New Nigeria (ANN) has described the plan by the Federal Government to increase the Value Added Tax (VAT) from the current five percent to 7.5% as utter wickedness and insensitivity to the plight of the common Nigerian. Lanre Oyegbola, Director General, ANN 2019 Presidential Campaign, said in a statement that the additional 2.5 […]
Chelsea winger Victor Moses has moved to Turkey’s Fenerbahce on loan until the end of next season, the English Premier League side said on Friday. Moses joined Chelsea from Wigan Athletic in 2012 and helped the team win the Premier League title in 2017, when he was deployed mainly as a wing-back under then-manager Antonio […]
By Foster Obi The Nigerian Ports Authority (NPA) has commenced the Onne Port Channel Oil spill clean-up operations at the Federal Oceans Terminal (FOT) Onne. A statement signed by Engr. A.A. Jatto, General Manager Corporate & Strategic Communications said the project of water channel clean-up is the first of such project being executed by the […]
The Petroleum Technology Development Fund (PTDF) says a total of 27, 474 candidates applied for the various platforms of the fund’s scholarship scheme for the 2019/20 academic year. The Fund disclosed this in a statement signed by Mr Kalu Otisi, Head, Press and External Relations unit on Friday. He said the applications were for the […]
Sahara Energy International has hired Ben Waters to head its crude-oil trading operations in Singapore, two sources with knowledge of the matter said on Friday. The company is the trading arm of Africa-based energy and infrastructure conglomerate Sahara Group. Waters joined Sahara earlier this month, the sources said. He was previously the head of crude-oil […]
A controversial letter by Nigeria’s attorney general, Abubakar Malami, almost frustrated the corruption trial of two multinationals in Italy. PREMIUM TIMES reported how Mr Malami wrote the letter to President Muhammadu Buhari recommendending the stoppage of the trial of suspects involved in the Malabu OPL 245 scandal. The anti-graft agency is prosecuting Shell, ENI, ex-petroleum […]
Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela’s crude exports as Caracas descends further into political and economic turmoil. International Brent crude oil futures were at $61.89 a barrel […]
South African lender Absa will not buy a Nigerian bank, its CEO told Reuters on the sidelines of the World Economic Forum in Davos, clearing up a lingering question over how it will execute its aggressive growth strategy. Chief Executive Maria Ramos said that while Nigeria is a big and exciting banking market – where […]
By Foster Obi The Nigerian Ports Authority (NPA) today received a corporate award for transparency and Infrastructural Development in Nigerian Ports at large from the League of Maritime Editors during her 20th Anniversary Lecture/Awards Patrons Investiture Ceremony. In the picture, standing right to Left is the representative of the Managing Director (NPA)/ General Manager Corporate […]
By Foster Obi To further optimize operations through adequate maintenance of installations and reduction of downtime, Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE), has commenced the electronic tagging of electricity poles across its network. The exercise known as E-Pole Tagging Project entails labeling of all 11KV and 33KV High Tension (HT) poles with […]