Normal crude oil export operations were restored, March 7, on the 150,000 barrels per day Nembe Creek Trunk Line (NCTL) following the plugging of a leak which resulted in the shutdown of the facility on February 28. A spokesperson for Aiteo Eastern Exploration and Production, the operator of the 97 kilometres crude oil pipeline, Masade […]
The Nigerian Communications Commission (NCC) on Sunday frowned at the continued importation and marketing of substandard Information and Communication Technology (ICT) devices in the country. The Commission said on Sunday in a statement in Abuja with approved phone list available on its website there was no reason Nigerians will continue to use substandard mobile devices […]
The Nigerian Shippers’ Council (NSC) registration policy is getting more buy-ins in the maritime sector as groups like The Association of Nigerian Licensed Customs Agents (ANLCA) said it would review the earlier stance of the association against the policy. The national vice president of ANLCA, Kayode Farinto, had vowed to challenge the registration fee recently […]
The cause of the March 1 explosion from Oil Well No.7 within Nembe Creek oilfields remains unknown as the investigation into the incident enters day two, the Federal Government says. The National Oil Spills Detection and Response Agency (NOSDRA) said on Friday that it had commenced investigations into the explosion located within OML 29 operated […]
Domestic airlines operating in the country have continued to record increase in the number of passengers as well as flight operations in recent times. Figures from the Nigerian Civil Aviation Authority showed that the airlines have seen steady growth in passenger traffic in the last year. The figures obtained by our correspondent on Friday showed […]
The FMDQ OTC Securities Exchange has recorded a turnover of N19.18tn for the month of February 2019. The February turnover represents an increase of 63.93 per cent month-on-month when compared with the N11.7tn reported in January. Data obtained from the FMDQ on Friday showed that transactions in treasury bills dominated the exchange as it represented […]
Google has set out to empower 50,000 women in Nigeria and other African countries as part of its Women will initiative. At an International Women’s Day empowerment event themed ‘Balance for better’ in Lagos on Friday, Google announced the launch of 18 new Women will chapters across sub-Saharan Africa to drive conversations that promote gender […]
Lionel Messi was named in the Argentina squad Thursday for the first time since the World Cup, ending a self-imposed eight month exile. Messi Messi Interim coach Lionel Scaloni named the five-time world player of the year in his squad for this month’s friendlies against Venezuela and Morocco. The 31-year-old Barcelona star hasn’t pulled on […]
The Electricity Generation Companies, GENCOs, have identified inaccurate data, government interference, and inefficiency as major factors, currently affecting power supply in the country. In a report, the GENCOs explained that the power sector is in dire need of total overhauling. It stated: “From research, developed nations differ from underdeveloped (third world) countries of the world […]
MTN Group reported 56.8 per cent growth in profit before tax for the financial year ended December 2018 and confirmed its plans to list on the Nigerian Stock Exchange latest June this year. The listing, according to the telecoms company, will be by introduction and is subject to regulatory approval. It reported a profit before […]