Med-View Airline, yesterday, said that contrary to reports, its London flights have not been banned by the European Union (EU). The airline noted that the European Union’s operational restriction had been misunderstood by the public as a total ban on its UK operations. In a statement, yesterday, signed by its Executive Director, Business Development and […]
Airtel Nigeria, has been recognized for its role in pioneering creativity and innovation across the African continent as it emerged treble winners, last week, at the prestigious African Cristal Festival. The African Cristal Festival is widely considered as a foremost platform to reward the best advertising campaigns created and broadcasted over the African continent, on […]
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture (JV) says it contributed $29 billion to the Nigerian government between 2012 and 2016. Country Chair, Shell Companies in Nigeria (SCiN), Mr. Osagie Okunbor, gave the statistics in a review of Shell operations in Nigeria for 2016 while unveiling the 2017 Shell Nigeria […]
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has reiterated Federal Government’s resolve to reduce importation of petroleum products from the present 95 per cent to 60 per cent by 2018. Kachikwu stated this at the Rainoil 20th Anniversary Lecture organised by the company in Lagos on Wednesday. The theme of the anniversary was: […]
Minister of Finance, Kemi Adeosun has ruled out the chances of Federal Government relying solely on recovered loot from former political office holders as basis for funding the 2017 budget. Speaking at an Abuja Town Hall meeting in Abuja, Adeosun said the government was working to block wastage, increase GDP and embark on single window […]
The Central Bank of Nigeria yesterday released a list of 36 items valid for access to foreign exchange in the foreign exchange market. According to the apex bank, in a circular, the aim is to clarify misconceptions about details of the 41 items banned from accessing dollars in the foreign exchange market. Titled: “Clarification on […]
Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group, 7 billion francs (8.5 million dollars) for running its IT services outside the country in breach of its licence. The regulator said in a ruling posted on its website in Kigali that MTN Rwanda was hosting its IT services hub […]
The Senate on Wednesday issued a two-week ultimatum to Acting President Yemi Osinbajo to submit the budgets of the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS) and 35 other federal agencies. The ultimatum followed a motion sponsored by Senator Bala Ibn Na’Allah (APC, Kebbi) titled, “Non-submission of […]
The Nigerian National Petroleum Corporation (NNPC) has said that the Federal Government’s peace initiative in the Niger Delta has raised production of Nigeria’s three refineries. Dr Maikanti Baru, the Group Managing Director of NNPC told an interactive session with a delegation from the UK Royal College of Defence Studies on Tuesday that refining activities peaked […]
Workers from Shell, Chevron, Total and Eni said they have joined a 3-day warning strike in solidarity with their members in Exxon Mobil. Chika Onuegbu, a Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) official in Port Harcourt had told Bloomberg the workers had started an initial three-day warning strike on Monday. “After […]