The Muhammadu Buhari administration is stepping up the regulations on money laundering and tax evasion by releasing a new Executive Order tagged ‘Voluntary Offshore Assets Regularisation Scheme (VOARS).’ The new Executive Order (008) takes effect from October 8, the day it was signed by President Muhammadu Buhari. According to a spokesperson of Mr. Buhari, Garba…
Considering opinions of experts, history and developing trends around the country, Majorwave’s editorial team have put forward their predictions based on some risk factors as follows: Heated Political Tension Preliminary elections are being held across all political parties. From the minor to the major parties, primaries have been held for elected positions. We’ve seen the…
Vice President Yemi Osinbajo on Monday said the Federal Government has spent the sum of N15 billion to give interest-free loans to over 300,000 artisans, traders and farmers across the country. The Vice President said this at the 9th presidential quarterly Business Forum at the State House in Abuja. He added that less than N250…
The Transmission Company of Nigeria (TCN), on Tuesday said it wheeled out 94,762.9 megawatts (MW) in Sept., due to increase in generation in the last two weeks of the month. The daily statistics of TCN operations obtained from Nigerian Electricity System Operator (SO), a section of the TCN, indicated that 30,936mw was generated from Sept….
India is to increase collaboration with Nigeria in power transmission, distribution and renewable energy. The Indian high commissioner to Nigeria, Nagabuhushana Reddy highlighted the long-standing relations with Nigeria spanning six decades and the need to identify new areas of collaboration. Reddy added that India is ready to help the present administration achieve its objective of…
Bank-Anthony Okoroafor, the chairman of the Petroleum Technology Association of Nigeria (PETAN), an umbrella organisation that represents Nigerian companies in the oil and gas industry spoke to TOGY on several issues relating to the Nigerian energy sector. On well services he said: “Well intervention activities started creeping up with the low oil price because people…
L-R: Group Managing Director of the NNPC, Dr. Maikanti Baru; former Head of State, Gen. Abdulsalami Abubakar (Retd.) and Gen. Yakubu Gowon (Retd.) at the event. Encomiums and wide-acclaim came the way of the Nigerian National Petroleum Corporation (NNPC) on Tuesday as the curtains fell on the 16th edition of the NNPC National Science Quiz Competition with Enugu…
PRESS RELEASE–-The Advisory Board of the Nigeria Prize for Science today announced “Nanostructured metal hydrides for the storage of electric power from renewable energy sources and for explosion prevention in high voltage power transformers”, a work by Dr. Peter Ngene as the winning work for this year’s The Nigeria Prize for Science, worth a $100,…
PRESS RELEASE—Another 108 Nigerians have been awarded full secondary education scholarship under the NNPC/SNEPCo National Cradle-to-Career (NC2C) Scholarship scheme launched in 2014, bringing the total number of beneficiaries in the last four years to 375. The scholarship, administered by Shell Nigeria Exploration and Production Company (SNEPCo), offers full boarding and tuition-free support to the beneficiaries…
