The Nigerian Air Force (NAF) has denied its alleged involvement in the explosion that rocked the Nigerian National Petroleum Corporation Limited (NNPCL) wellhead in Buguma Community of Asari-Toru Local Government Area of Rivers State. It described such allegations in some sections of the media as “false and unfounded”. A statement, by the Director Public Relations…
The Bank of Industry (BoI) says a well-designed Credit Guarantee Instruments (CGI) will unlock the full potential of Nigeria’s enterprises, laying foundation for a resilient and inclusive economy. Its Managing Director, BoI, Dr Olasupo Olusi, said this in a statement on Monday in Lagos. Olusi, however, noted that a coordinated Public-Private Partnership (PPP) was essential…
The Director, Research Environment Policy Research Center, Prof. Nnemeka Chukwuone has disclosed that revenue projection from the carbon market may to go over $2billion by 2030. This he said will be achieved through job creation, adding that if things are done the right way,the financial projection will hit record high. The gains are very enormous,…
The Corporate Affairs Commission (CAC) is exploring the deployment of Artificial Intelligence (AI) to perform routine operational tasks such as name reservation and even registration. Its Registrar-General, Hussaini Ishaq Magaji, disclosed this at the in House Enforcement and Compliance Training for state offices in Abuja, stating that the organogram of the Commission will be dismantled…
An oil marketing group, Independent Petroleum Marketers Association of Nigeria (IPMAN), has advised Nigerians not to fret over potential hike in the pump price of petrol as the prices of crude oil rallies in the international market. Its National President, Mr Abubakar Shettima assured that members of the association will continue to serve the masses…
One of Africa’s leading integrated payments and digital commerce companies, Interswitch, has announced the winners of the InterswitchSPAK National Science Competition, its flagship Corporate Social Responsibility (CSR) initiative. Now in its 6th year, InterswitchSPAK was introduced to celebrate exceptional young talent as part of Interswitch’s commitment to promoting Science, Technology, Engineering, and Mathematics (STEM) education…
Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has called on the government to uphold Section 3.3 of the Local Content Act 2010 to give first consideration to local contractors in divested assets. Ogunsanya, made this call during the Industry Stakeholders for the Petroleum Industry Stakeholders forum (PISF) organised by the Ministry of…
After a prolong agitation for an increase in end user telecom tariffs in the country by mobile carriers, regulator of the sector, Nigerian Communications Commission (NCC) has approved a 50 per cent hike. And like a red rag to a bull, telecom subscribers have kicked against the approval which they said reflected the fact that…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has flagged off the construction of the XEJet flight support and engineering centre worth $10 million. The centre, when completed, would serve as an engineering centre, a private terminal for business aviation and a design centre. The Minister said the facility would attract investment within the…
