P&G exit: Investors who cherish rule of law fleeing Nigeria, says Atedo Peterside A wave of shock rippled through Nigeria P&G exit Investors who cherish rule of law fleeing Nigeria, says Atedo Peterside’s business community as news broke of Procter & Gamble’s (P&G) decision to halt local production and switch to an import-only model. This…
Nigerian delegates at COP28 over 1,411 No fewer than 1,411 Nigerian delegates, enough to fill two or three jumbo jets, registered to participate at the 28th Climate Change Summit presently holding in Dubai, the United Arab Emirates. That is, the meeting of the Conference of the Parties to the United Nations Framework Convention on Climate…
Waltersmith intensifies effort to increase refining capacity to 10,000 bpd The chairman of Waltersmith Group, Abdulrazaq Isa, has said, they are working round the clock to ensure that Phase Two of its refinery project, which will immediately take its capacity from 5,000 barrels of crude oil a day (bpd) to 10,000bpd, comes on stream. Isa…
Ararume challenges appointment of new NNPCL Board Chairman The court-recognised chairman of the board of Nigerian National Petroleum Company Limited (NNPCL), Senator Ifeanyi Araraume, has warned against the appointment of a fresh non-executive chairman, saying he remained the chairman until ordered otherwise by the court. In a public notice issued on November 30 by his…
Tinubu, Scholz sign power agreement at COP 28, targets 12,000MW President Bola Tinubu and the German Chancellor, Olaf Scholz on Friday in Dubai, United Arab Emirates (UAE) presided over the further signing of the Presidential Power Initiative (PPI) agreement between Nigeria and Germany. The agreement is designed to ultimately add 12,000mw of electricity to the…
COP28: Tinubu commits Nigeria to ending gas flaring for methane emissions reduction *Urges US, China to increase climate efforts *$1bn new grant funding mobilised since COP27 – Kerry President Bola Tinubu has expressed the commitment of his administration to ending gas-flaring in the country in line with the global push to halt methane emission. He…
Egbin Power demonstrates commitment to sustainability *Holds medical outreach in host communities Providing access to routine medical check-up reduces vulnerability to life-threatening diseases, thereby promoting good health among community members, Egbin Power Plc has affirmed. The GenCo demonstrated this at its 2023 medical outreach programme organized in conjunction with Cecy Health Consult Ltd to provide…
Ship laden with stolen oil seized by Navy handed over to EFCC An oil-laden vessel with no documentation and approvals, arrested on the creeks of Delta by operatives of the Nigerian Navy Ship Delta, was on Tuesday in Warri, handed over by the Commander, NNS Delta, Commodore Chindo Yahaya, to the Economic and Financial Crimes…
Petrol price rose to N630.63 in October – NBS The National Bureau of Statistics says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch for October 2023 released in Abuja on Wednesday. NBS stated that…
Crude lifting shipping firms must comply with tax laws, says FIRS The Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge in Lagos at a workshop on taxation of non-resident shipping…
