Category: Business News
Business News
NNPC counters DAPPMAN’s strike with 52-day fuel stock
Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying in the countdown to depot shutdown by Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) from Monday. The NNPC, countering the impact of the shutdown said it holds 2.6billion litres of petrol and 90,000 metric…
Momoh, Adio, 12 journalists honoured at 13th WSAIR
The Chairman of Channels Media Group, owners of Channels Television, John Momoh; the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio and 12 journalists were honoured on Sunday, December 9, at the 13th edition of Wole Soyinka Awards for Investigative Reporting. Stakeholders at the event also emphasised on the dangers journalists…
Fire guts Forte Oil station at Lagos airport
There was pandemonium on Friday afternoon at the Murtala Muhammed Airport, Lagos following a fire outbreak at the Forte Oil Petrol Station. The News Agency of Nigeria (NAN) reports that the inferno which started around 2.10pm saw people running for safety thereby causing vehicular traffic jam on the roads within the airport. The spokesperson for…
21 contractors to begin Ogoni clean-up in two weeks
Damilola Shittu – Abuja The much-awaited clean-up of the Ogoniland in Rivers State will commence fully by the end of this month, the Federal Government said on Wednesday. The government, through the Nigerian National Petroleum Corporation (NNPC), and multi-national oil companies have mobilised $180million for the exercise. A total of 21 contractors picked for the…
2018 Pre-Conference of Parties holds Nov 14
By Oke Peter The Pre-Conference of Parties 2018 (Pre-COP 24) organised ahead of the United Nations Climate Change Conference (UNCCC) will hold at the United Nations Information Center (UNIC), Rewane Road, Ikoyi, Lagos, Nigeria on Wednesday, November 14 by 9.00 am. The event themed: NDCs score cards of nations: Nigeria at COP 24. The dialogue…
Stop intimidating us, Bayelsa community tells Shell
Esther Abiola – Yenagoa A community in Bayelsa State, Agoro 1, has accused Shell Petroleum Development Company (SPDC) of neglecting them after an oil spillage. Lead Consultant to the community, Furoebi Akene, said in a statement that Shell’s failure to proffer solution to the situation, constituted environmental and human rights abuses against them. He accused…
Kachikwu recants, says ‘I never made First Class’
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has described as false and baseless report making rounds that he claimed graduating from the University of Nigeria, Nsukka (UNN), with a First Class degree. The News Agency of Nigeria (NAN) has reported. The minister made the clarification in a statement signed by the Director…
Total, NNPC inaugurate solar system in centre for ‘special children’
By Damilola Shittu Energy giant, Total, the Nigeria National Petroleum Cooperation (NNPC) and other ancillary companies have commissioned alternative energy, solar system at the Don Guanella Center, at Nnebukwu community in Oguta Council Area of Imo State. The Center operated by the Catholic Church, houses mentally deranged children and those living with down syndrome, as…
Shell appeals court’s order on MD, others –Official
Shell Petroleum Development Company has appealed a Rivers State High Court order sentencing its Managing Director, Mr. Osagie Okunbor, and two others to three months imprisonment for contempt of court. The News Agency of Nigeria reports that the High Court on Tuesday sentenced the company’s managing director, and two others to prison with hard labour….
FG earmarks $177m for Ogoni cleanup
By Damilola Shittu The Federal Government on Monday announced that it had raised the sum of $177m out of the $1bn required for the cleanup of Ogoni land in the Niger Delta region of Nigeria. It stated that refineries of crude oil were expected to raise the balance, adding that the $1bn was to be…